IHS Chemical Week

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March 27, 2015
Israel Chemicals Ltd. (ICL; Tel Aviv) today announced that it has entered into an agreement with Allana Potash (Toronto), a potash mining company whose shares are traded on the Toronto...
http://www.chemweek.com/home/top_of_the_news/ICL-to-acquire-remaining-shares-in-Allana-Potash_68968.html
March 26, 2015
A consortium comprising CB&I, Chiyoda International, and Zachry Group today announced the award of a contract valued in excess of $2 billion by FLNG Liquefaction 3 (Freeport LNG)...
http://www.chemweek.com/home/top_of_the_news/CB-and-I-Chiyoda-and-Zachry-consortium-awarded-contract-for-LNG-liquefaction-and-export-facility_68947.html
March 26, 2015
Evonik Industries is considering acquiring Clariant in a deal valued at approximately 7.3 billion Swiss francs ($7.59 billion), the Financial Times reports, citing people familiar with...
http://www.chemweek.com/home/top_of_the_news/Reports-Evonik-mulls-acquiring-Clariant_68933.html
March 26, 2015
Evonik Industries, at a press conference at Wesseling, Germany, on Thursday, announced that it plans to invest over €4 billion ($4.37 billion) in E&D over the next decade...
http://www.chemweek.com/home/top_of_the_news/Evonik-to-invest-&euro4-billion-in-R-and-D-over-next-decade_68932.html
March 26, 2015
Teva Pharmaceutical Industries (Jerusalem) has announced the appointment of Timothy Wright to the company’s executive leadership team, heading business development, strategy, and...
http://www.chemweek.com/home/top_of_the_news/Teva-appoints-new-head-of-business-development-strategy-and-innovation_68929.html
March 26, 2015
Sibur (Moscow), Russia’s leading producer of petrochemicals, said today that its board of directors on 23 March approved the company's 2015 capital expenditure budget of 64.7...
http://www.chemweek.com/home/top_of_the_news/Sibur-board-approves-2015-capital-expenditure-plan_68926.html
March 26, 2015
BASF said today that it will expand its Paliocrom effect pigments capacity at Ludwigshafen by more than 20% by 2017. The investment will enable the company to meet growing demand for...
http://www.chemweek.com/home/top_of_the_news/BASF-to-expand-effect-pigments-capacity-in-Germany_68925.html
March 26, 2015
Redx Pharma (Liverpool, UK), the drug discovery and development company, further to the announcement of its intention to seek an admission to trading on the London Stock Exchange's...
http://www.chemweek.com/home/top_of_the_news/Redx-Pharma-announces-pricing-of-IPO-begins-trading-Friday_68924.html
March 26, 2015
Solvay said on Wednesday that it plans to expand capacity at its hydrogen peroxide (H2O2) plant at Longview, WA, to meet growing demand from the pulp and paper industry in the Pacific...
http://www.chemweek.com/home/top_of_the_news/Solvay-hikes-US-hydrogen-peroxide-capacity-to-meet-pulp-and-paper-electronics-demand_68923.html
March 26, 2015
Celanese has raised its acetic acid prices in China and Asia (excluding China) effective 25 March—the former for a third time and the latter for a second time this...
http://www.chemweek.com/home/top_of_the_news/Celanese-hikes-acetic-acid-prices-in-China-for-third-time-in-March-second-time-for-Asia_68914.html
March 26, 2015
BASF has declared force majeure on contracts and related agreements pertaining to its Lupranate brand of monomeric diphenylmethane diisocyanate–based products, effective 23...
http://www.chemweek.com/home/top_of_the_news/BASF-declares-force-majeure-on-contracts-related-to-Lupranate-products_68912.html
March 25, 2015
Although weak crude oil prices have had an impact on some energy companies this past year, regional global executives speaking at the IHS 30th Annual World Petrochemical Conference in Galveston, Texas expressed a more optimistic stance on growth for the industry....
http://www.chemweek.com/home/top_of_the_news/IHS-WPC-2015-Global-executives-optimistic-on-future-growth-outlook_68910.html
March 25, 2015
“Changing oil prices have not changed the fact that shale production technologies have unlocked an abundant long-term supply of natural gas in the region,” says Matt Aguiar, senior v.p. at ExxonMobil Chemical. “US gas production has grown by 45% over the past six years. The nation has a nearly 100-year natural gas supply, and it’s still growing.”...
http://www.chemweek.com/home/top_of_the_news/IHS-WPC-2015-ExxonMobil-sees-US-petrochemical-advantage-as-durable_68911.html
March 25, 2015
Basic chemicals generated record earnings last year, but low crude oil prices have transformed the outlook for 2015 and beyond, according to Dave Witte, sr. v.p. and general manager at IHS Chemical. Supply curves have flattened, feedslates are heavier, and costs have dropped, reducing the competitive advantage of low-cost producers, he explains. The result is that margins have migrated downstream to consumers and away from feed-advantaged geographies and assets, he says....
http://www.chemweek.com/home/top_of_the_news/IHS-WPC-2015-Petchem-margins-to-remain-high-in-new-oil-environment_68908.html
March 25, 2015
OCP (Casablanca), the world’s largest phosphate producer and a leading global fertilizer player, today reported results covering fourth-quarter and full-year 2014. The company's...
http://www.chemweek.com/home/top_of_the_news/OCP-reports-increase-in-sales-and-profits-seeking-larger-market-share_68893.html
March 25, 2015
Activist hedge fund Trian fund Management (New York) today filed a definitive proxy statement with SEC for its four director nominees to stand for election to DuPont’s board at...
http://www.chemweek.com/home/top_of_the_news/Trian-files-new-DuPont-proxy-slams-Kullman-over-stock-options_68896.html
March 25, 2015
Eastman Chemical today confirmed that it will close its Workington, UK, acetate tow manufacturing site, which employs 152 people. Production at the site will cease in April, and the...
http://www.chemweek.com/home/top_of_the_news/Eastman-confirms-closure-of-UK-acetate-tow-plant_68890.html
March 25, 2015
Inodorama Ventures (Bangkok) is negotiating to buy Cepsa’s (Madrid) polyester manufacturing facilities at San Roque, Spain, according to Bloomberg, citing people familiar with...
http://www.chemweek.com/home/top_of_the_news/Reports-Indorama-Ventures-eyeing-Cepsas-PTA-PET-assets-in-Spain_68887.html
March 25, 2015
Teressa Szelest, currently senior v.p./hygiene at Ludwigshafen, has been named president/market and business development, North America, effective 1 May. She will be located at Florham...
http://www.chemweek.com/home/top_of_the_news/BASF-names-new-presidentmarket-and-business-development-North-America_68886.html
March 25, 2015
Sahara Petrochemicals Co. said today that it will carry out scheduled maintenance at its Al Waha propylene and polypropylene (PP) facility at Al Jubail. The turnaround will begin on 1...
http://www.chemweek.com/home/top_of_the_news/Sahara-to-carry-out-turnaround-at-Al-Waha-Samapco-plans-chlor-alkali-EDC-maintenance_68885.html
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