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February 25, 2014
Styron says it plans to expand its latex capacity with a new reactor at its Zhangjiagang, China, production facility. This expansion will mainly support the demand for latex in...
http://www.chemweek.com/home/top_of_the_news/Styron-to-expand-latex-capacity-in-China_59061.html
February 24, 2014
Petronas (Kuala Lumpur), the state-owned energy group, is likely to again miss a final investment decision (FID) for a previously announced $19-billion Refinery and Petrochemical...
http://www.chemweek.com/home/top_of_the_news/Petronass-Rapid-project-likely-to-again-miss-FID-deadline_59045.html
February 24, 2014
Iluka Resources (Perth, Australia) is acquiring an 18.3% stake in Metalysis (Rotherham, UK), a Cambridge University spin-off that is developing a low-cost titanium process, for A$22.5...
http://www.chemweek.com/home/top_of_the_news/Iluka-acquires-stake-in-developer-of-low-cost-titanium-manufacturing-process_59038.html
February 24, 2014
Kemira announced today that it will invest in an expansion of facilities and a new reactor capable of multipurpose chemicals production at its Telêmaco Borba plant, in...
http://www.chemweek.com/home/top_of_the_news/Kemira-expands-paper-chemicals-operations-in-Brazil_59044.html
February 24, 2014
PhosAgro (Moscow), a major fertilizer producer, said today that it has signed a potash supply contract with Belaruskali (Soligorsk, Belarus). "Following last year's breakup of the...
http://www.chemweek.com/home/top_of_the_news/PhosAgro-Belaruskali-sign-potash-supply-contract_59040.html
February 24, 2014
Borealis achieved €148 million ($203 million) in net profit for the fourth quarter of 2013, an increase of 48% compared with the same quarter of 2012, according to the company's...
http://www.chemweek.com/home/top_of_the_news/Borealis-profit-up-48-percent-in-fourth-quarter-full-year-sales-break-&euro8-billion_59039.html
February 21, 2014
Shiseido (Tokyo), a leading cosmetics player, has agreed to sell its Carita International (Paris) and Decléor Group (Paris) activities to fellow beauty giant L'Oréal...
http://www.chemweek.com/home/top_of_the_news/Shiseido-sells-two-cosmetics-businesses-to-LOreal_59018.html
February 21, 2014
The American Chemistry Council (ACC) announced today that announced US chemical industry investment linked to shale gas now tops $100 billion. As of this month, 148 projects valued at...
http://www.chemweek.com/home/top_of_the_news/ACC-US-chemical-investment-linked-to-shale-gas-reaches-$100-billion_58946.html
February 21, 2014
Minerals Technologies (MTI) today launched a $42/share unsolicited bid for minerals firm Amcol International (Hoffman Estates, IL), setting in motion a possible bidding war with...
http://www.chemweek.com/home/top_of_the_news/Minerals-Technologies-launches-bid-for-Amcol-updated_58830.html
February 21, 2014
Ashland announced today it has agreed to sell its water treatment business to private equity firm Clayton, Dubilier & Rice (CD&R; New York) for $1.8 billion, ending a...
http://www.chemweek.com/home/top_of_the_news/Ashland-to-sell-water-treatment-to-private-equity-for-$1-8-billion_58874.html
February 21, 2014
Philip Law, director general designate of the British Plastic Federation (BPF; London), today announced that  a new management lineup for the organization will be put in place...
http://www.chemweek.com/home/top_of_the_news/British-Plastics-Federation-names-new-management_58871.html
February 21, 2014
Agrium announced weaker results for the fourth quarter due to lower prices across all segments and a nitrogen volume reduction, the company says. Net earnings were $99 million, down...
http://www.chemweek.com/home/top_of_the_news/Agrium-results-down-on-lower-prices-retail-segment-up_59027.html
February 21, 2014
Ecolab today reported net income up 24% year-on-year (YOY), to $287.1 million, or 93 cts/share, on sales up 17%, to $3.56 billion. Excluding special charges, adjusted net income...
http://www.chemweek.com/home/top_of_the_news/Ecolab-earnings-slightly-miss-estimates-sales-rise_59028.html
February 21, 2014
Indorama Ventures (Bangkok) reports a net loss of $16 million for the fourth quarter of 2013 compared with a net loss of $7 million in the year-ago quarter. Fourth-quarter sales...
http://www.chemweek.com/home/top_of_the_news/Indorama-reports-fourth-quarter-loss_59017.html
February 21, 2014
Rosneft (Moscow) has agreed to increase guaranteed supplies of associated petroleum gas (APG) from its oil fields to Sibur’s Yugragazpererabotka's processing facilities to...
http://www.chemweek.com/home/top_of_the_news/Rosneft-agrees-to-increase-feedstock-supplies-to-Siburs-processing-plants_59015.html
February 21, 2014
Shell says it has reached a binding agreement to sell its Australia downstream businesses to energy trader Vitol (Rotterdam) for about A$2.9 billion (US$2.61 billion). The sale covers...
http://www.chemweek.com/home/top_of_the_news/Shell-sells-downstream-businesses-in-Australia-to-Vitol-for-$2-6-billion_59014.html
February 21, 2014
Toray Industries and Abunayyan Holding (Riyadh) plan to establish Toray Membrane Middle East (TMME), a joint venture in water and wastewater treatment technologies at Dammam, Saudi...
http://www.chemweek.com/home/top_of_the_news/Toray-and-Abunayyan-form-water-treatment-JV-in-Saudi-Arabia_59012.html
February 21, 2014
Industrial Development Corp. (IDC; Sandton, South Africa), a government owned finance institution set up to promote economic growth and industrial development, has issued a request for...
http://www.chemweek.com/home/top_of_the_news/South-Africa-invites-tenders-to-study-establishment-of-soda-ash-production_59020.html
February 20, 2014

Williams Partners has postponed the restart of its Geismar, LA, olefins plant to June, according to the company’s fourth-quarter earnings release. The steam cracker had been expected to go online in April. The extended outage will keep ethylene tight in Louisiana, but the return to service of Chevron’s Evangeline pipeline early in the second quarter will increase supply from Texas.

...

http://www.chemweek.com/home/top_of_the_news/Williamss-Geismar-cracker-to-remain-offline-until-June_58949.html
February 20, 2014

Westlake Chemical reports fourth-quarter net income of $171 million, up 80% year-over-year (YOY), and sales of $952 million, up 19% YOY. Westlake attributes the gains primarily to higher sales prices for polyethylene, styrene and polyvinyl chloride resin and higher sales volumes. Earnings of $2.54/share beat the analysts’ consensus estimate of $2.13.

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http://www.chemweek.com/home/top_of_the_news/Westlake-fourth-quarter-earnings-climb-to-$171-million-on-higher-prices-and-volumes_58948.html
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