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July 20, 2015
National Petrochemical Co. (Petrochem; Riyadh) reports a 197% increase in second-quarter net profit, to 305.4 million Saudi riyals ($81.4 million). Operating profit was 55% higher, at...
http://www.chemweek.com/home/top_of_the_news/Petrochem-Advanced-report-higher-profits-Yansabs-profits-decline_72302.html
July 20, 2015
OCI (Amsterdam) and CF Industries on Monday confirmed that they discussing possible combinations or transactions of their businesses. “There can be no assurance that these...
http://www.chemweek.com/home/top_of_the_news/CF-Industries-and-OCI-confirm-discussing-possible-merger_72300.html
July 20, 2015
CB&I announced on Monday that it has been awarded a contract in excess of $90 million by NefteGazIndustriya, through project developer Maveg Industrieausruestungen (Ratingen...
http://www.chemweek.com/home/top_of_the_news/CB-and-I-awarded-new-contract-for-oil-refinery-in-Russia_72309.html
July 19, 2015
R&P (Pte) (Singapore) and Shanghai Hop Zenith Chemical Trading have signed a memorandum of understanding (MOU) to form a joint venture company in China to produce, distribute and...
http://www.chemweek.com/home/top_of_the_news/R-and-P-and-Shanghai-Hop-Zenith-to-establish-TPO-compounding-JV-in-China_72299.html
July 17, 2015
Cytec Industries reports second-quarter net earnings of $54.7 million, down 26% year-on-year. Net sales were $508 million, down 4%. Excluding one-time items' reported earnings from continuing operations were 81 cts/share, 6% below analyst estimates compiled by Thomson Reuters (New York). 
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http://www.chemweek.com/home/top_of_the_news/Cytec-earnings-fall-on-industrial-materials-weakness_72285.html
July 17, 2015
Shares in CF Industries (Deerfield, IL) spiked as much as 13% after the Wall Street Journal reported that the company is in advanced merger talks with OCI (Geleen, The Netherlands). According to “people familiar with the matter,” a deal could be concluded this month, says the newspaper....
http://www.chemweek.com/home/top_of_the_news/CF-Industries-OCI-NV-in-merger-talks-report_72294.html
July 17, 2015
Dow Chemical says IRS has issued a favorable private letter ruling relating to the planned merger of Olin and Dow’s US Gulf Coast chlor-alkali and related businesses. The ruling satisfies a closing condition of the transaction....
http://www.chemweek.com/home/top_of_the_news/Dow-Olin-deal-moves-forward-with-favorable-IRS-ruling_72284.html
July 17, 2015

Celanese reports second-quarter net earnings of $201 million, down 28% year-on-year (YOY) from $258 million. Sales totaled $1.48 billion, down 20% YOY from $1.77 billion. Adjusted earnings of $1.58/share easily beat the analysts’ consensus estimate of $1.42/share compiled by Thomson Reuters (New York).

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http://www.chemweek.com/home/top_of_the_news/Celanese-earnings-beat-estimates_72283.html
July 17, 2015
Honeywell says that performance materials and technologies profits increased 7.1% year-on-year (YOY) in the second quarter, to $509 million, on productivity efforts, “commercial...
http://www.chemweek.com/home/top_of_the_news/Cost-cuts-lift-Honeywells-performance-materials-segment_72282.html
July 17, 2015
An impasse in negotiations for the July para-xylene (p-xylene) contract price in Europe—which is dragging into a third week—may result in a split settlement, according to...
http://www.chemweek.com/home/top_of_the_news/Europe-p-xylene-contract-price-talks-for-July-feel-pressure-of-PTA-PET-imports-from-Asia_72281.html
July 17, 2015
The National Hydrocarbons Commission (CNH; Mexico City) has announced the results of the initial tendering under the so-called Round-One—part of opening up of Mexico's crude oil...
http://www.chemweek.com/home/top_of_the_news/Mexicos-initial-auction-for-shallow-water-exploration-blocks-a-disappointment_72279.html
July 17, 2015
Saudi Kayan, a Sabic affiliate, reports a lower net loss in the second quarter, ended 30 June. The loss reached 13.4 million Saudi riyals ($3.57 million) compared with a net loss of...
http://www.chemweek.com/home/top_of_the_news/Saudi-Kayan-narrows-second-quarter-net-loss_72278.html
July 17, 2015
Ineos is relocating many of its corporate functions back to the United Kingdom from Switzerland, says chairman Jim Ratcliffe in an interview that appears today in the London Evening...
http://www.chemweek.com/home/top_of_the_news/Ineos-to-relocate-corporate-functions-back-to-the-UK_72231.html
July 17, 2015
LG Chem (Seoul) reports a 56% increase in second-quarter net profits compared with the corresponding period of last year, to 352.9 billion South Korean won, on sales down 14%, to...
http://www.chemweek.com/home/top_of_the_news/LG-Chem-posts-big-hike-in-profits-but-sales-dip_72275.html
July 17, 2015
Jacobs Engineering says it has been selected by Monsanto to provide engineering and procurement for a potential expansion of its St. Charles Parish operations in Luling, LA. Monsanto...
http://www.chemweek.com/home/top_of_the_news/Monsanto-selects-Jacobs-Engineering-for-Louisiana-project_72274.html
July 17, 2015
Mitsubishi Chemical Holdings has announced that it will begin a detailed review to integrate its three chemical operating companies, Mitsubishi Chemical Corp., Mitsubishi Plastics, and...
http://www.chemweek.com/home/top_of_the_news/Mitsubishi-Chemical-will-merge-three-companies-to-fend-off-competition_72273.html
July 17, 2015
Ineos has confirmed to CW that it is relocating part of its senior staff back to the United Kingdom from Switzerland. The company moved its headquarters from the United Kingdom to...
http://www.chemweek.com/home/top_of_the_news/Ineos-confirms-London-will-act-as-dual-headquarters-with-Switzerland_72272.html
July 17, 2015
Axens (Paris) has been awarded several contracts for expanding residue conversion facilities at S-Oil’s Ulsan, South Korea, refinery. S-Oil, a subsidiary of Saudi Aramco, is...
http://www.chemweek.com/home/top_of_the_news/S-Oil-awards-contracts-to-Axens-as-part-of-petchems-diversification_72271.html
July 17, 2015
Perstorp’s private equity owner, PAI (Paris), has appointed Rothschild to advise in an initial public offering of Perstorp, according to a Reuters report. The report cites people...
http://www.chemweek.com/home/top_of_the_news/Private-equity-firm-PAI-looking-to-exit-Perstorp_72269.html
July 16, 2015
Univar has acquired Chemical Associates, a marketer, manufacturer, and distributor of oleochemicals, for an undisclosed sum. The business will be combined with Univar USA's operations....
http://www.chemweek.com/home/top_of_the_news/Univar-acquires-oleochemical-firm-Chemical-Associates_72227.html
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