IHS Chemical Week

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July 29, 2014
Linde (Munich), the gases and engineering group, today reported a 4.3% drop in second-quarter adjusted operating profit, to €969 million ($1.30 billion), on 1.3% lower revenues of...
http://www.chemweek.com/home/top_of_the_news/Linde-reports-lower-profits-and-revenues-confirms-outlook_62768.html
July 29, 2014
Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, says that Gordon Sangster has agreed to join Codexis as senior v.p. and...
http://www.chemweek.com/home/top_of_the_news/Codexis-appoints-new-CFO_62765.html
July 29, 2014
M&G Chemicals says that its wholly owned subsidiary, M&G International, has formed a joint venture with Anhui Guozhen Co. (Guozhen) to build a $325-million cellulosic biorefinery at Fuyang, China. M&G will hold a 70% stake in the company, Anhui M&G Guozhen Green Refinery Co., and Guozhen will hold the remaining 30%....
http://www.chemweek.com/home/top_of_the_news/M-and-G-forms-JV-with-Chinese-firm-to-build-$325-million-biorefinery-in-China_62762.html
July 29, 2014
IHS has entered into a partnership agreement with The Chlorine Institute (CI) that will allow IHS to provide worldwide access to CI’s safety and technical publications via IHS content platforms. The content will cover safe production, handling, and packaging; health and the environment; emergency planning and response; and properties of chemicals and analytical techniques. The materials will continue to be available directly from the CI Bookstore....
http://www.chemweek.com/home/top_of_the_news/IHS-to-host-Chlorine-Institute-safety-and-technical-publications_62763.html
July 28, 2014
Eastman Chemical reports net earnings of $292 million, 9.8% higher year-on-year (YOY). Adjusted earnings of $1.92/share were 14.2% higher YOY and beat a $1.84/share consensus of...
http://www.chemweek.com/home/top_of_the_news/Eastman-beats-estimates-reaffirms-2014-outlook_62764.html
July 28, 2014
Repsol (Madrid) has posted net income of €520 million ($698.4 million) in the second quarter, an increase of 95% from the year-earlier period. Net income from downstream...
http://www.chemweek.com/home/top_of_the_news/Repsol-reports-higher-earnings-new-leadership-in-place_62732.html
July 28, 2014
Gail India and Sumitomo, one of Japan’s largest trading groups, on Friday announced the signing of a memorandum of understanding (MOU) covering cooperation in gas procurement and...
http://www.chemweek.com/home/top_of_the_news/Gail-and-Sumitomo-sign-MOU-on-energy-and-petchems-cooperation_62731.html
July 28, 2014
Stepan announced on Friday that it is carrying out front-end engineering design for a $60–70-million chemical production facility in the industrial corridor of Ascension Parish...
http://www.chemweek.com/home/top_of_the_news/Stepan-plans-surfactants-and-polymer-intermediates-plant-in-Louisiana_62730.html
July 28, 2014

Arkema has started up a new, 45,000-m.t./year methyl acrylate plant at at its site at Clear Lake, TX. The new plant is the last piece of a $110-million project to beef up the company’s US acrylics business.

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http://www.chemweek.com/home/top_of_the_news/Arkema-completes-$110-million-acrylics-project-with-Clear-Lake-methyl-acrylate-plant_62748.html
July 28, 2014
Hitachi Chemical (Tokyo) says it has signed a letter of intent with Chau-Hai Chen Group (Taipei) to raise its stake in CSB Battery (Taipei), a producer of lead-acid batteries, by 26%...
http://www.chemweek.com/home/top_of_the_news/Hitachi-Chemical-to-raise-stake-in-CSB-Battery-reports-higher-revenues_62733.html
July 28, 2014
RPM today reported fiscal fourth-quarter net income up 66.4% year-on-year (YOY), to $108.8 million, on sales up 9.1%, to $1.28 billion. On an adjusted basis—excluding some...
http://www.chemweek.com/home/top_of_the_news/RPM-earnings-rise-subsidiary-agrees-to-settle-asbestos-claims_62746.html
July 28, 2014
The government has today announced plans to open large parts of the United Kingdom for oil and gas exploration, including unconventional oil and gas that can only be produced by...
http://www.chemweek.com/home/top_of_the_news/UK-government-invites-bids-for-large-scale-shale-fracking_62739.html
July 28, 2014
Total announced today that it has signed an agreement with Exxaro Resources (Pretoria) to sell its 100% stake in Total Coal South Africa (TCSA), its coal-producing affiliate in South...
http://www.chemweek.com/home/top_of_the_news/Total-sells-South-African-coal-mining-assets_62742.html
July 28, 2014
BP has announced that Iain Conn, group managing director and chief executive/downstream, is leaving the company and is to step down from BP’s board by the end of the year. Conn...
http://www.chemweek.com/home/top_of_the_news/BP-names-replacement-for-chief-executivedownstream_62740.html
July 28, 2014
BASF today declined to comment on Indian press reports that it is in discussions with privately owned Essar (Mumbai) to form a $2-billion petrochemicals joint venture in India...
http://www.chemweek.com/home/top_of_the_news/BASF-declines-to-comment-on-talks-with-Essar-on-petchems-JV_62738.html
July 28, 2014
BASF today broke ground on the second phase of its innovation campus Asia/Pacific at its Pudong site at Shanghai. The €90-million ($120.9 million) expansion consists of an...
http://www.chemweek.com/home/top_of_the_news/BASF-expands-innovation-campus-at-Shanghai_62737.html
July 28, 2014
Following a strategic review announced last October, Consumer goods group Reckitt Benckiser (RB; Slough, UK) said today that it plans to spin off its pharmaceuticals...
http://www.chemweek.com/home/top_of_the_news/Reckitt-Benckiser-to-spin-off-pharmaceuticals-business_62736.html
July 25, 2014
Dow Chemical's second-quarter results beat estimates as margins improved in its performance plastics segment and sales increased across all of the company's business segments. Dow...
http://www.chemweek.com/home/top_of_the_news/Dow-beats-estimates_62660.html
July 25, 2014
BASF today reported a 12.3% increase in second-quarter net income, to €1.3 billion ($1.7 billion), on 0.6% higher sales, €18.5 billion. Ebitda was up 9.0%, to €2.7...
http://www.chemweek.com/home/top_of_the_news/BASF-reports-higher-earnings-on-flat-sales-confirms-outlook_62685.html
July 25, 2014
LyondellBasell Industries reports record earnings for the second quarter of $2.22/share, well above the analysts’ consensus estimate of $1.92/share as reported by Thomson Reuters (New York). Gains were broadly distributed across the business....
http://www.chemweek.com/home/top_of_the_news/LyondellBasell-reports-record-quarter-as-net-income-increases-27-percent_62721.html
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