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February 19, 2015
Yara International and BASF today announced that they have agreed to build a previously announced world-scale ammonia plant at BASF’s site at Freeport, TX. The two companies, in...
http://www.chemweek.com/home/top_of_the_news/BASF-Yara-confirm-plans-to-invest-$600-million-to-build-ammonia-plant-at-Freeport_67885.html
February 19, 2015
OMV (Vienna) says that operating profit at its petrochemicals business slipped in the fourth quarter of 2014 to €21 million, from €25 million in the corresponding quarter of...
http://www.chemweek.com/home/top_of_the_news/OMVs-petchem-profit-slips_67888.html
February 19, 2015
Fertilizer major PhosAgro (Moscow) has announced the commissioning of a new phosphate-potash fertilizer production line with a capacity of 100,000 m.t./year of PKS fertilizers...
http://www.chemweek.com/home/top_of_the_news/PhosAgro-commissions-PKS-fertilizer-plant-in-Russia_67882.html
February 19, 2015
Huntsman reports a loss of $38 million for the fourth quarter of 2014, down 190% year-over-year (YOY) from profit of $41 million on lower earnings from the pigment and additives division. Sales for the quarter totaled $2.95 billion, up 9% YOY from $2.70 billion. Adjusted diluted income of 33 cts/share missed the mean analysts’ estimate of 37 cts/share compiled by Thomson Reuters (New York)....
http://www.chemweek.com/home/top_of_the_news/Huntsman-swings-to-$38-million-loss-misses-estimates_67862.html
February 18, 2015
Tesoro's (San Antonio) board has approved two complementary investments—a mixed xylenes project and a naphtha isomerization project—at the company's Anacortes, WA...
http://www.chemweek.com/home/top_of_the_news/Tesoros-board-approves-mixed-xylenes-project-at-Anacortes_67855.html
February 18, 2015
ENI (Rome) has announced that its chemicals subsidiary Versalis narrowed its net loss to €58.0 million ($66.1 million) in the fourth quarter of 2014 from €116 million in...
http://www.chemweek.com/home/top_of_the_news/Versalis-cuts-its-losses-on-higher-margins-restructuring_67860.html
February 18, 2015
Clariant today reported fourth-quarter sales of 1.59 billion Swiss francs ($1.69 billion), rising 2.0% in local currencies. The increase was driven by higher prices. Despite some...
http://www.chemweek.com/home/top_of_the_news/Clariant-reports-mixed-results-does-not-expect-to-achieve-midterm-Ebitda-margin-target-in-2015_67854.html
February 18, 2015
BASF and Petronas Chemicals announced today that they will build a world-scale plant, which will produce 2-ethylhexanoic (2-EH) acid, at the site of their existing joint venture, BASF...
http://www.chemweek.com/home/top_of_the_news/BASF-Petronas-Chemicals-to-build-2-EH-acid-plant-in-Malaysia_67853.html
February 18, 2015
The petrochemicals business of Indian Oil (New Delhi) reports an 11% increase in sales in the fiscal third quarter, ended 31 December 2014, compared with the year-ago quarter, to 51.0...
http://www.chemweek.com/home/top_of_the_news/Indian-Oils-petrochemicals-business-reports-rise-in-sales_67852.html
February 18, 2015
The Chinese government is considering merging certain state-owned energy companies, and one merger being considered is that of China National Petroleum Corp. (CNPC; Beijing), the...
http://www.chemweek.com/home/top_of_the_news/Reports-China-mulls-merging-CNPC-and-Sinopec_67851.html
February 18, 2015
Petronas Chemicals (Kuala Lumpur) reports a 14.4% rise in profits for the fourth quarter of 2014 compared with the fourth quarter of 2013, to 570 million ringgit ($158 million) due to...
http://www.chemweek.com/home/top_of_the_news/Petronas-Chemicals-reports-rise-in-fourth-quarter-profits_67859.html
February 17, 2015
The United Steelworkers (USW; Pittsburgh) union says that it will meet with Royal Dutch Shell again tomorrow regarding a new three-year labor contract agreement. USW is still seeking...
http://www.chemweek.com/home/top_of_the_news/Strike-continues-as-USW-Shell-to-meet-on-18-February_67845.html
February 17, 2015
Matheson (Basking Ridge, NJ), a subsidiary of industrial gases company Taiyo Nippon Sanso (Tokyo), says that its newly constructed air separation unit (ASU) at Mesa, AZ, is now fully...
http://www.chemweek.com/home/top_of_the_news/Matheson-starts-up-ASU-in-Arizona_67806.html
February 17, 2015
Japan has extended the period of its antidumping investigation into toluene diisocyanate (TDI) originating from China by four months, until 13 June, Japan's ministries of economy...
http://www.chemweek.com/home/top_of_the_news/Japan-extends-dumping-probe-on-TDI-from-China_67804.html
February 17, 2015
South Korea exported 512,852 m.t. of para-xylene (p-xylene) in January, surging 72% year-on-year from 298,185 m.t. and up 6.0% from 485,711 m.t. in December 2014, Korea...
http://www.chemweek.com/home/top_of_the_news/Koreas-p-xylene-exports-soared-72-percent-in-January_67799.html
February 17, 2015
DuPont today sent a letter to investors criticizing activist hedge fund Trian Fund Management (New York) and reiterating its argument in favor of management’s strategy. The...
http://www.chemweek.com/home/top_of_the_news/DuPont-slams-Trian-in-investor-letter_67834.html
February 17, 2015
Methanol Chemicals Co. (Chemanol; Ad Dammām, Saudi Arabia), a producer of methanol-based chemicals, said today that it is re-thinking plans to invest in a sulfonated naphthalene...
http://www.chemweek.com/home/top_of_the_news/Chemanol-rethinks-plans-for-sulfonated-naphthalene-formaldehyde-plant_67796.html
February 17, 2015
PTT Global Chemical (PTTGC; Bangkok) reports a 55% fall in net profits for full-year 2014 compared with 2013, to 15.0 billion baht ($460.1 million). Sales for 2014 increased 3.8%, to...
http://www.chemweek.com/home/top_of_the_news/PTT-Global-Chemical-reports-fall-in-profits_67832.html
February 17, 2015
Sibur announced today that the first foundations have been laid on ZapSibNeftekhim, the company’s biggest investment project being built at Tobolsk, Russia. The ceremony was...
http://www.chemweek.com/home/top_of_the_news/Sibur-starts-work-on-its-largest-project-completion-may-take-longer-than-expected_67831.html
February 17, 2015
Air Liquide's sales during the fourth quarter of 2014 totaled €4.05 billion ($4.62 billion), up 3.9% year-on-year (YOY), according to the company's results released today. The gas...
http://www.chemweek.com/home/top_of_the_news/Air-Liquides-fourth-quarter-revenue-up-3-9-percent_67828.html
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