IHS Chemical Week

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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.

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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
February 20, 2014
Axiall reported fourth-quarter net income of $57 million, up 78% year-over-year (YOY). Net sales of $1.1 billion for the quarter were up 44% YOY. The company attributes the gains primarily to the merger with PPG’s chemical’s business. Adjusted earnings of 88 cts/share beat the analysts’ consensus estimate of 67 cts/share....
http://www.chemweek.com/home/top_of_the_news/Axiall-fourth-quarter-net-income-up-78-percent-to-$57-million_58947.html
February 20, 2014
Ineos Phenol and Sinopec Yangzi Petrochemical Co. (Sinopec YPC) have today signed a joint venture agreement and the Articles of Association to form a 50-50 jv company at Nanjing, China...
http://www.chemweek.com/home/top_of_the_news/Ineos-and-Sinopec-sign-JV-agreement-for-phenol-acetone-project-in-China_58942.html
February 20, 2014
Mitsui OSK Lines (MOL; Tokyo) says it has received a new building charter contract for two methanol carriers from Atlantic Methanol Production Co. (AMPCO; Equatorial Guinea), based on...
http://www.chemweek.com/home/top_of_the_news/Mitsui-OSK-to-build-two-methanol-carriers-for-charter-to-Atlantic-Methanol_58940.html
February 20, 2014
BASF announced today that Jürgen Hambrecht, former chairman and CEO, has been proposed as the next chairman of the supervisory board of the company. He is expected to replace...
http://www.chemweek.com/home/top_of_the_news/Jurgen-Hambrecht-proposed-as-chairman-of-BASFs-supervisory-board_58937.html
February 20, 2014
  The Arab Potash Co. (APC; Amman) and the Jordan Bromine Co. (JBC) have signed an agreement with Noble Energy Co. (Houston, TX) to import 2 billion cubic meter of natural gas for...
http://www.chemweek.com/home/top_of_the_news/Arab-Potash-and-Jordan-Bromine-sign-deal-with-US-firm-to-import-gas-from-Israel_58938.html
February 20, 2014
Mitsubishi Chemical Holdings, the parent of Mitsubishi Chemical, says that on 1 April 2014, it will establish the Life Science Institute, with its headquarters at Tokyo. Four...
http://www.chemweek.com/home/top_of_the_news/Mitsubishi-Chemical-to-consolidate-several-health-care-businesses-under-new-company-Life-Science-Institute_58934.html
February 20, 2014
Uhdenora, a joint venture between ThyssenKrupp Electrolysis and Industrie De Nora (Milan), has signed a contract with the Befar Group to build an 80,000-m.t./year caustic soda plant at...
http://www.chemweek.com/home/top_of_the_news/Uhdenora-awarded-first-energy-efficient-ODC-technology-chlor-alkali-contract_58933.html
February 19, 2014
Hedge fund FrontFour Capital (New York) said today that it would nominate four directors for Sensient Technologies’ board, raising the possibility of a proxy battle....
http://www.chemweek.com/home/top_of_the_news/Hedge-fund-says-it-will-seek-four-seats-on-Sensient-board-updated_58903.html
February 19, 2014
CF Industries’ CFO Dennis Kelleher said in the company’s fourth-quarter earnings call that early indications suggest that placement of existing assets in a master limited...
http://www.chemweek.com/home/top_of_the_news/CF-Industries-dissuaded-on-MLP-talks-CFO-says_58929.html
February 19, 2014
Ningbo Fortune Petrochemical (Ningbo, China) has selected UOP's C3 Oleflex process technology to convert propane to propylene via propane dehydrogenation. Ningbo Fortune will employ the technology in a 600,000-m.t./year propylene plant that is expected to start up in 2016....
http://www.chemweek.com/home/top_of_the_news/Ningbo-Fortune-licenses-UOPs-Oleflex-propylene-technology_58902.html
February 19, 2014
Myriant (Quincy, MA), a renewable chemicals company majority owned by PTT Global Chemical (Bangkok), announced today that it has supplied commercial quantities of biosuccinic acid...
http://www.chemweek.com/home/top_of_the_news/Myriant-supplies-biosuccinic-acid-to-Oxea-for-use-in-biobased-plasticizers_58899.html
February 19, 2014
Fluor Arabia has awarded Sepam (Dublin), an engineering, procurement, management, and construction company, a contract to provide project management personnel, including integrated...
http://www.chemweek.com/home/top_of_the_news/Sepam-receives-subcontract-for-Sadara-petrochemical-complex_58898.html
February 19, 2014
K+S says it has made further progress with the construction of a new potash plant in Canada, the Legacy project. The first cavern for extracting potash brine solution was recently...
http://www.chemweek.com/home/top_of_the_news/K+S-makes-progress-with-Legacy-potash-project-in-Canada_58897.html
February 19, 2014
A South Korean joint venture comprising Hyundai Engineering and Construction and GS E&C has secured a $6.04-billion contract to build an oil refinery in Iraq, the companies...
http://www.chemweek.com/home/top_of_the_news/South-Korean-consortium-awarded-refinery-contract-in-Iraq_58896.html
February 19, 2014
Verde Potash (Toronto), a Brazilian fertilizer development company, said on Tuesday that the Brazilian government will help fund the construction of its previously announced...
http://www.chemweek.com/home/top_of_the_news/Verde-Potash-secures-financing-for-Cerrado-Verde-project-in-Brazil_58894.html
February 19, 2014
Clariant today reported flat fourth-quarter net profit from continuing operations of 85 million Swiss francs ($95.7 million) on 8% higher sales, SF1.56 billion, of which 7% is due to...
http://www.chemweek.com/home/top_of_the_news/Reshaped-Clariant-reports-improved-results-confirms-midterm-targets_58890.html
February 18, 2014
Weak fertilizer prices pushed CF Industries’ earnings lower in the fourth quarter, with the company reporting net income of $325.8 million, down 30% year-over-year (YOY)...
http://www.chemweek.com/home/top_of_the_news/CF-Industries-earnings-slump-on-weak-fertilizer-market_58888.html
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