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December 8, 2015
US ethylene spot prices fell to a seven-year low on Monday, pushed down by healthy ethylene rates and downstream production issues. December ethylene traded on Monday at 17.75 cts/lb, down from 19.75–20.00 cts/lb the previous session. Monday's deal is the first time prompt ethylene traded below 18 cts/lb since December 2008....
http://www.chemweek.com/home/top_of_the_news/US-spot-ethylene-hits-seven-year-low_75694.html
December 8, 2015
Victrex (Thornton Cleveleys, UK), a producer of polyetheretherketone (PEEK), on Tuesday reported its preliminary results for the financial year, ended 30 September. Profit before tax...
http://www.chemweek.com/home/top_of_the_news/Victrex-reports-higher-sales-earnings-benefits-from-new-PEEK-capacity_75688.html
December 8, 2015
Sadara Chemical, a joint venture between Saudi Aramco and Dow Chemical, said on Tuesday that it had started up its linear low-density polyethylene (LLDPE) plant at Jubail Industrial...
http://www.chemweek.com/home/top_of_the_news/Sadara-commissions-first-of-26-plants-at-$20-billion-petchems-complex_75685.html
December 8, 2015
Kuraray, Itochu (Tokyo), and the Innovation Network Corp. of Japan (INCJ; Tokyo) have agreed to sell their shares in their Kureha Battery Materials Japan (KBMJ; Tokyo) joint venture to...
http://www.chemweek.com/home/top_of_the_news/Kureha-to-buy-out-Kuraray-and-other-partners-in-battery-materials-JV-in-Japan_75681.html
December 8, 2015
LSB Industries (Oklahoma City) says it has completed the sale of $210 million in preferred stock and warrants in a private placement to Security Benefit. LSB will use the proceeds mainly to complete expansion projects at its El Dorado, AK, facility....
http://www.chemweek.com/home/top_of_the_news/LSB-completes-$210-million-private-placement-makes-board-changes_75668.html
December 7, 2015
OCP (Casablanca), one of the largest global phosphate rock and fertilizer players, on Monday announced higher year-to-date earnings and forecast for the full year significantly higher...
http://www.chemweek.com/home/top_of_the_news/OCP-raises-earnings-revenues-expects-higher-full-year-profits_75667.html
December 7, 2015
The provincial development and reform commission in Fujian Province, China, on Monday approved Sinochem’s plan to add 60,000 bbl/day capacity at its recently commissioned...
http://www.chemweek.com/home/top_of_the_news/Sinochem-receives-approval-to-expand-refinery-build-petchem-complex-at-Quanzhou_75661.html
December 7, 2015
Fluor announced on Monday that it has signed an agreement with UK-based private equity firm Arle Capital Partners to acquire 100% of Stork Holding (Utrecht, Netherlands) for $755...
http://www.chemweek.com/home/top_of_the_news/Fluor-buys-Dutch-contractor-Stork-for-$755-million_75660.html
December 7, 2015
The parties to the UN Framework Convention on Climate Change (FCCC), negotiating for a global climate change in Paris, have produced a draft of an agreement. The draft amounts to 48...
http://www.chemweek.com/home/top_of_the_news/Climate-change-Draft-agreement-produced-in-Paris_75664.html
December 7, 2015
The European Commission has announced a formal antitrust investigation to evaluate whether three ethanol producers have manipulated ethanol benchmarks published by price reporting...
http://www.chemweek.com/home/top_of_the_news/EU-launches-in-depth-probe-into-possible-manipulation-of-published-ethanol-benchmarks_75663.html
December 7, 2015
Linde (Munich) announced on Monday that it has agreed to acquire American HomePatient (Brentwood, TN) from Highland Capital Management as part of its strategy to expand the home-care...
http://www.chemweek.com/home/top_of_the_news/Linde-to-acquire-American-HomePatient_75659.html
December 7, 2015
  Covestro says it intends to close its 170,000 m.t./year methylene di-para-phenylene isocyanate (MDI) plant at Tarragona, Spain by the end of 2017. The facility accounts for 30%...
http://www.chemweek.com/home/top_of_the_news/Covestro-to-close-MDI-plant-in-Spain-turn-site-into-chemical-park_75657.html
December 6, 2015
Covestro says it will be among the 80 most important listed companies in Germany following a decision by the Deutsche Bõrse for the company to be included in the MDAX stock...
http://www.chemweek.com/home/top_of_the_news/Covestro-promoted-to-the-MDAX-index-two-months-after-flotation_75658.html
December 7, 2015
Bostik (Wauwatosa, WI), an Arkema company, has opened a new plant in Dallas that will produce ceramic tile adhesive and floor preparation products based on the company’s polymer modified binder (PMB) technology platform....
http://www.chemweek.com/home/top_of_the_news/Bostik-opens-plant-in-Dallas_75655.html
December 4, 2015
Yara International (Oslo) says that it has signed an agreement to acquire Greenbelt Fertilisers, a distributor of fertilizers in Malawi, Mozambique, and Zambia, for $51 million...
http://www.chemweek.com/home/top_of_the_news/Yara-to-acquire-fertilizer-distributor-in-Africa_75639.html
December 4, 2015
Celanese says that it has sold its atmospheric—vinyl and acrylics—emulsions unit at La Canonja, Tarragona Province, Spain, to petrochemical company Industrias...
http://www.chemweek.com/home/top_of_the_news/Celanese-sells-atmospheric-emulsions-unit-in-Spain-to-petrochemical-firm-Iqoxe-closes-VAE-emulsions-unit_75637.html
December 4, 2015
Petronas Chemicals (Kuala Lumpur) has awarded Samsung Engineering engineering, procurement, construction, and commissioning contracts for the linear low-density polyethylene...
http://www.chemweek.com/home/top_of_the_news/Petronas-contracts-Samsung-Engineering-for-EPC-commissioning-on-Rapid-LLDPE-and-EO-EG-units_75634.html
December 3, 2015
Ineos Olefins & Polymers has declared force majeure on polypropylene this week at its Carson facility in California, amid an already tight market. In a letter to customers dated 1 December, cited a shortage of feedstock. The company did not say how long it expects the the force majeure to continue....
http://www.chemweek.com/home/top_of_the_news/Ineos-declares-force-majeure-on-polypropylene-from-Carson-CA-facility_75579.html
December 3, 2015
Sabic says it is merging the technology and innovation operations of its Pittsfield, MA, and Exton, PA, sites into those of its Selkirk, NY, site. The company is currently modifying the Selkirk facilities to accommodate the move, which is planned for 2017. Sabic says it will then exit its Pittsfield Polymer Processing Development Center and close the Exton site....
http://www.chemweek.com/home/top_of_the_news/Sabic-to-consolidate-Pittsfield-Exton-R-and-D-operations-at-Selkirk-NY_75578.html
December 3, 2015
Wood Group (Houston) said on Thursday that it has agreed to acquire The Infinity Group (Clute, TX), a family-owned industrial construction and maintenance contractor serving the...
http://www.chemweek.com/home/top_of_the_news/Wood-Group-acquires-Infinity-for-$150-million_75572.html
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