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December 16, 2015
Yacimientos Petrolíferos Fiscales (YPF; Buenos Aires) and Dow Chemical have agreed to develop shale gas production in El Orejano field, located in Argentina's Vaca Muerta Basin...
http://www.chemweek.com/home/top_of_the_news/Dow-YPF-to-invest-$500-million-more-to-explore-shale-gas-in-Vaca-Muerta-Basin_75870.html
December 16, 2015
More detail has emerged on reports that BASF is considering investing in petrochemicals at Assaluyeh, Iran, when economic sanctions are lifted. Sanctions are expected to be lifted in...
http://www.chemweek.com/home/top_of_the_news/BASF-screens-Iran-investment-opportunities_75868.html
December 16, 2015
The planned expansion of CNOOC and Shell Petrochemicals Co. (CSPC)—a 50-50 joint venture between China National Offshore Oil Corp. (CNOOC; Beijing) and Shell at Huizhou...
http://www.chemweek.com/home/top_of_the_news/Shell-CNOOC-JV-expansion-to-increase-percentage-of-styrene-produced-via-POSM-route-in-Asia-from-2018_75867.html
December 16, 2015
Tessenderlo Group (Brussels) and Picanol Group (Ieper, Belgium) will merge their respective industrial activities into one larger, listed industrial group: Picanol Tessenderlo Group...
http://www.chemweek.com/home/top_of_the_news/Tessenderlo-to-merge-with-machines-technology-firm-Picanol-into-&euro2-billionyear-group_75872.html
December 16, 2015
Cefic has downgraded its 2016 forecast for chemicals' output growth in the European Union as well as its projection for 2015 EU chemicals' output growth. Cefic says it expects the...
http://www.chemweek.com/home/top_of_the_news/Cefic-downgrades-2016-EU-chemical-output-growth-forecast-cuts-2015-growth-projection_75866.html
December 16, 2015
The United States chemical sector grew by 3.6% this year despite the strong US dollar and weakness in key export markets, says the American Chemistry Council (ACC), which today released its "Year-End 2015 Chemical Industry Situation and Outlook". The ACC expects growth to slow modestly in 2016, but forecasts average annual growth of over 4% through 2020, exceeding the estimated 2.6%. growth in GDP....
http://www.chemweek.com/home/top_of_the_news/ACC-US-chemical-production-growth-reached-3-6-percent-in-2015-to-average-over-4-percent-through-2020_75873.html
December 16, 2015
Dong Xiaoli (l.), general manager assistant CNOOC; and Graham van't Hoff (r.), executive v.p. of Shell, at the HOA signing ceremony in China. A subsidiary of Shell; and China...
http://www.chemweek.com/home/top_of_the_news/Shell-CNOOC-sign-nonbinding-agreement-to-expand-capacity-of-China-JV_75836.html
December 15, 2015
Shell Chemicals has asked the Texas Commission on Environmental Quality (TCEQ) for permission to expand ethylene production capacity at its Deer Park, TX, facility, according to notices issued by the TCEQ on 14 December. Shell did not immediately respond to a request for comment....
http://www.chemweek.com/home/top_of_the_news/Shell-Chemicals-seeks-permits-for-ethylene-expansion-at-Deer-Park-TX_75850.html
December 15, 2015
The Texas Commission on Environmental Quality has preliminarily approved Oxea's plans to build a plant with the capacity to produce 119,000 m.t./year 2-ethylhexanol and 68,000 m.t./year of iso- and n-butyraldehyde at Bay City, TX....
http://www.chemweek.com/home/top_of_the_news/Oxeas-2-EH-project-at-Bay-City-TX-gets-preliminary-approval-from-TCEQ_75846.html
December 15, 2015
Benzene exports out of South Korea bounced back in November, according to recent data obtained by IHS Chemical. Total exports from South Korea amounted to 161,781 m.t. compared with...
http://www.chemweek.com/home/top_of_the_news/South-Korea-benzene-exports-bounce-back-as-US-import-volumes-almost-double_75844.html
December 15, 2015
Inovyn (London) has announced plans to close a chloromethanes production plant at Runcorn, UK, effective 1 March 2016. The closure forms part of Inovyn's plan to focus chloromethanes...
http://www.chemweek.com/home/top_of_the_news/Inovyn-to-close-chloromethanes-plant-in-UK_75841.html
December 16, 2015
Daniel Loeb, founder and CEO of activist hedge fund Third Point (New York), sent a private letter over the weekend to Dow Chemical’s board calling for the removal of Dow CEO Andrew Liveris. Loeb’s letter argues that Liveris should not have a role in the combined company, of which he would be executive chairman, after Dow merges with DuPont, according to multiple reports....
http://www.chemweek.com/home/top_of_the_news/Third-Points-CEO-wants-removal-of-Dow-CEO-following-Dow-DuPont-deal-update_75819.html
December 14, 2015
DuPont has announced several executive leadership changes, including a new head for its agriculture unit. The news came in the wake of Friday's announcement that the company plans to...
http://www.chemweek.com/home/top_of_the_news/DuPont-names-new-agriculture-head_75832.html
December 14, 2015
BASF has declined to comment on a report that it is planning to invest in petrochemicals in Iran. The local Press TV, citing Hamid Reza Rostami, director of planning and development at...
http://www.chemweek.com/home/top_of_the_news/BASF-to-invest-in-petrochemicals-in-Iran_75823.html
December 14, 2015
Shell announced on Monday that it expects an overall potential reduction of approximately 2,800 jobs globally, or approximately 3% of its total combined group workforce, once the $70-billion takeover of BG Group (Reading, UK) is completed....
http://www.chemweek.com/home/top_of_the_news/Shell-to-cut-2800-more-jobs-after-BG-Group-takeover_75821.html
December 14, 2015
Ministers and other officials from almost 200 nations, after two weeks of negotiation, have reached agreement on climate change at the conference meeting in Paris, COP21. The key...
http://www.chemweek.com/home/top_of_the_news/Climate-change-agreement-reached-in-Paris_75817.html
December 13, 2015
The 12th Iran Petrochemical Forum opened on Sunday in Tehran with around 2,000 delegates attending.  Petrochemical producers, traders, technology licensors, bankers, engineering...
http://www.chemweek.com/home/top_of_the_news/IFP-2015-Iran-ready-for-business-in-post-sanctions-era_75812.html
December 14, 2015
The combined company will be named DowDuPont and be dual headquartered in Midland, MI; and Wilmington, DE....
http://www.chemweek.com/home/top_of_the_news/Dow-and-DuPont-to-combine-in-$130-billion-merger-of-equals-update_75802.html
December 14, 2015
MEGlobal has applied to the Texas Commission on Environmental Quality (TCEQ) for an air permit authorizing construction of an ethylene glycol facility in Freeport, TX, according to a notice published by the TCEQ on 10 December....
http://www.chemweek.com/home/top_of_the_news/MEGlobal-seeks-permit-to-build-EG-plant-in-Freeport-TX-Updated_75809.html
December 11, 2015
Dow Chemical has announced that it will become the 100% owner of Dow Corning, which is currently a 50-50 joint venture with Corning. As part of the deal, Corning will receive $4.8...
http://www.chemweek.com/home/top_of_the_news/Dow-Chemical-to-assume-full-ownership-of-Dow-Corning_75798.html
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