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April 16, 2015
Nova Chemicals today announced that Todd Karran has been appointed president and CEO. Karran has been the acting CEO while maintaining his previous roles of senior v.p. and CFO since May 2014. He will remain CFO while the board searches for a replacement....
http://www.chemweek.com/home/top_of_the_news/Nova-confirms-Karran-as-CEO_69475.html
April 16, 2015
PPG Industries today reported first-quarter net income from continuing operations totaling $321 million, or $2.33/share, up 15.9% year-on-year (YOY), on sales up 1%, to $3.7 billion...
http://www.chemweek.com/home/top_of_the_news/PPG-beats-estimates-on-cost-cuts_69477.html
April 16, 2015
Month-on-month, Japan increased its production of benzene, toluene, and xylenes (BTX) in March by 11%, 13% and 9%, respectively, the Japan Petrochemical Industry Association says...
http://www.chemweek.com/home/top_of_the_news/Japan-produces-more-BTX-in-March-versus-February_69467.html
April 16, 2015
Styrene prices in Asia hit $1,410/m.t. CFR China Thursday, a level not seen since early November, IHS Chemical data shows, amid tight supply concerns and short-covering activity...
http://www.chemweek.com/home/top_of_the_news/Asian-styrene-prices-hit-levels-not-seen-since-November-2014_69466.html
April 16, 2015
Total announced today that it has presented a plan for its French refinery assets to employee representatives. The company, under the proposals, will invest to upgrade the Donges...
http://www.chemweek.com/home/top_of_the_news/Total-to-transform-two-refineries-in-France-as-part-of-a-wider-restructuring-plan_69469.html
April 16, 2015
Saudi Kayan, a Sabic affiliate, today reported a large loss for the first quarter of this year. Net loss reached 591.64 million Saudi riyals ($157.7 million). This compares with a net...
http://www.chemweek.com/home/top_of_the_news/Saudi-Kayan-reports-large-first-quarter-losses_69465.html
April 15, 2015
Flotek Industries (Houston) and Solazyme (South San Francisco) say that they have entered into agreements to globally commercialize Flocapso, an innovative, advanced drilling fluid...
http://www.chemweek.com/home/top_of_the_news/Flotek-and-Solazyme-sign-deal-to-develop-and-market-drilling-fluid-technologies-and-expand-marketing-of-Encapso-in-Mideast_69464.html
April 15, 2015
Siemens has selected Molycorp (Greenwood Village, CO) to supply rare earth materials over the next 10 years from its Mountain Pass, CA facility for incorporation into Siemens'...
http://www.chemweek.com/home/top_of_the_news/Molycorp-to-supply-rare-earths-for-use-in-Siemens-wind-turbine-generators-Shin-Etsu-will-produce-rare-earth-magnets_69463.html
April 15, 2015
IMCD (Rotterdam), a distributor of specialty chemicals, and specialty additives company Münzing Chemie (Abstatt, Germany) have, effective immediately, expanded their partnership...
http://www.chemweek.com/home/top_of_the_news/IMCD-and-Munzing-Chemie-sign-distribution-deal-for-coating-additives-in-India_69462.html
April 15, 2015
Braskem is reevaluating its planned Parkersburg, WV cracker, a joint venture with Odebrecht, to address uncertainties generated by the steep decline in crude oil pricing. Assuming it proceeds, startup would come after 2020, says Fernando Musa, CEO of Braskem America. “This is something that we will continue to pursue, and look for the right timing and moment to invest,” he adds....
http://www.chemweek.com/home/top_of_the_news/Braskem-slows-Marcellus-cracker-considers-polypropylene-expansion_69458.html
April 15, 2015
The US chemical industry is poised to capitalize on the increased supply of energy and feedstocks that will allow it to reestablish itself as a leading global supplier, ACC president...
http://www.chemweek.com/home/top_of_the_news/ACCs-Dooley-remains-confident-on-US-shale-advantage-and-TSCA-reform-prospects_69459.html
April 15, 2015
The signing ceremony of the previously announced polypropylene (PP) project at Sumgayit was held today in Baku, Azerbaijan, in the framework of an Italian trade mission to Azerbaijan...
http://www.chemweek.com/home/top_of_the_news/Socar-and-Tecnimont-sign-contract-for-PP-plant-in-Azerbaijan_69443.html
April 15, 2015
The output of chemicals in the European Union rose by a paltry 0.2% in 2014, while sales fell 1.1% compared with the previous year because of lower prices, according to the latest...
http://www.chemweek.com/home/top_of_the_news/EU-chemical-output-stagnant-in-2014-sales-fall-prices-plunge-confidence-slips_69400.html
April 15, 2015
Solvay said today that it has completed the acquisition of ERCA Emery Surfactant alkoxylation asset, a facility jointly-owned by Emery Oleochemicals and ERCA Group at the Moerdijk...
http://www.chemweek.com/home/top_of_the_news/Solvay-completes-acquisition-of-alkoxylation-asset-in-the-Netherlands_69441.html
April 15, 2015
Yousef Abdullah Al Benyan, who was appointed as Sabic’s CEO elect on 15 February and who is expected to be confirmed as CEO, has made several organizational changes, CW has...
http://www.chemweek.com/home/top_of_the_news/Sabics-new-CEO-makes-personnel-business-unit-changes-Update_69435.html
April 15, 2015
Sika (Baar, Switzerland) won another round in its fight to prevent the 2.75-billion Swiss francs ($2.83 billion) sale of a controlling stake to France's Saint-Gobain at...
http://www.chemweek.com/home/top_of_the_news/Sika-AGM-supports-fight-to-stay-independent-but-battle-for-control-will-continue_69433.html
April 15, 2015
Several of South Korea’s aromatics exports in March spiked on month-on-month and on year-on-year (YOY) bases, South Korea customs data show. The country transported about 478,849...
http://www.chemweek.com/home/top_of_the_news/Several-of-South-Koreas-March-aromatics-exports-spike-on-month_69430.html
April 15, 2015
Industry groups welcomed House draft legislation aimed at reforming US chemical management, with both ACC and Socma testifying on 14 April before the House Energy and Commerce Subcommittee on the Environment and the Economy in support of the bipartisan discussion draft of the TSCA Modernization Act of 2015....
http://www.chemweek.com/home/top_of_the_news/Industry-expresses-support-for-House-TSCA-reform-bill_69437.html
April 14, 2015
Sumitomo Corp. (Tokyo) says that it will acquire from Kyowa Hakko Europe (Dusseldorf, Germany), a subsidiary of Kyowa Hakko Bio (Tokyo), its cosmetic ingredients distribution business...
http://www.chemweek.com/home/top_of_the_news/Sumitomo-Corp-acquires-cosmetic-ingredients-distribution-business-in-Europe_69429.html
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