IHS Chemical Week

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May 18, 2015
PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest and one of Asia’s fastest-growing petrochemical players, tells CW that it will invest about $1 billion in a...
http://www.chemweek.com/home/top_of_the_news/PTTGC-to-build-PO-polyols-complex-in-Thailand-details-US-ethane-cracker-plans_70462.html
May 18, 2015
Styrene and benzene spot prices have come under further pressure in Europe to start the week, amid a weakening of aromatics markets worldwide despite a relatively steady upstream...
http://www.chemweek.com/home/top_of_the_news/Europes-benzene-styrene-prices-start-week-under-pressure_70469.html
May 18, 2015
UniBio (Odense, Denmark), a biotechnology firm specializing in animal feed technology, plans to list on London’s Alternative Investment Market this year, aiming to raise...
http://www.chemweek.com/home/top_of_the_news/Danish-protein-from-natural-gas-firm-plans-IPO-in-London_70461.html
May 18, 2015
Borealis, Europe's second-largest polyolefins and fourth-largest fertilizer player, Monday reported solid first-quarter results and outlined to CW its aspirations in polyolefins...
http://www.chemweek.com/home/top_of_the_news/Borealis-raises-profit-US-ethane-imports-still-viable-fertilizer-business-to-double_70458.html
May 18, 2015
Lenzing (Lenzing, Austria), a producer of man-made cellulosic fibers, says its revenue in first-quarter 2015 was €474.6 million ($540.6 million) compared with €451.7 million...
http://www.chemweek.com/home/top_of_the_news/Lenzing-reports-increase-in-sales-profit-rockets_70455.html
May 18, 2015
Petronas (Kuala Lumpur) is delaying the start-up of its $16-billion Refinery and Petrochemical Integrated Development (Rapid) project at Pengerang, Johor, Malaysia, until mid-2019...
http://www.chemweek.com/home/top_of_the_news/Reports-Petronas-delaying-Rapid-project-rephasing-petchems_70454.html
May 18, 2015
Wacker Chemie says that its subsidiary, Siltronic (Munich), the world’s third largest producer of hyperpure silicon wafers for the semiconductor industry, is preparing for an...
http://www.chemweek.com/home/top_of_the_news/Wackers-Siltronic-unit-plans-IPO_70433.html
May 17, 2015
Adama Agricultural Solutions, a leading global provider of off-patent crop protection chemicals, on Sunday reported a 4.4% drop in first-quarter net income to $94.4 million on 4.7%...
http://www.chemweek.com/home/top_of_the_news/Adama-reports-strong-results-despite-market-headwinds-considers-new-fund-raising-options_70453.html
May 15, 2015
Wacker Chemie, after performing well in the first quarter, today said it is raising its sales forecast for 2015. The company generated sales of €1.33 billion ($1.49 billion) in...
http://www.chemweek.com/home/top_of_the_news/Wacker-raises-2015-sales-forecast-after-good-first-quarter_69962.html
May 15, 2015
DuPont this morning won its proxy battle with activist hedge fund Trian Fund Management (New York), as all four of the company's director nominees were re-elected to its board, company...
http://www.chemweek.com/home/top_of_the_news/DuPont-wins-proxy-battle-with-Trian-update_70376.html
May 15, 2015
North America's styrene market is expected to be oversupplied in the second half of 2015 as styrene plant turnarounds come to an end in June, according to IHS Chemical director David...
http://www.chemweek.com/home/top_of_the_news/North-Americas-styrene-market-expected-to-swing-to-oversupply-in-second-half-of-2015_70439.html
May 15, 2015
The Occupational Health and Safety Administration (OSHA) has cited DuPont for 11 safety violations and fined the company $99,000 after investigating a methyl mercaptan leak that killed four employees at DuPont’s La Porte, TX, facility in November 2014....
http://www.chemweek.com/home/top_of_the_news/DuPont-fined-$99000-for-fatal-La-Porte-mercaptan-release_70440.html
May 15, 2015
Benzene–styrene price spreads have widened $215–$225/m.t. week on week in Asia as spot prices for each product headed in opposite directions, IHS Chemical data show. For...
http://www.chemweek.com/home/top_of_the_news/Asia-styrene-benzene-price-spreads-widen-by-more-than-$200-in-one-week_70429.html
May 15, 2015
Deepak Nitrite (Pune, India) has established a wholly owned subsidiary, Deepak Phenolics, to manage a project to build a phenol-acetone plant at Dahej, India, Deepak Nitrite says...
http://www.chemweek.com/home/top_of_the_news/Deepak-Nitrite-establishes-subsidiary-to-manage-phenol-acetone-project-contractors-have-been-selected_70425.html
May 15, 2015
Speculation is growing that Monsanto could soon return with a sweetened offer for Syngenta after lining up buyers for large parts of Syngenta’s seeds business, especially in...
http://www.chemweek.com/home/top_of_the_news/Reports-Monsanto-seeks-buyers-for-Syngentas-US-seeds-business-to-meet-antitrust-concerns_70432.html
May 15, 2015
Songwon Industrial (Ulsan, South Korea) reports a net profit of 3.06 billion South Korean won ($2.8 million) in the first quarter of 2015 compared with a net loss of won4.89 billion in...
http://www.chemweek.com/home/top_of_the_news/Songwon-swings-to-profit_70431.html
May 15, 2015
DIC (Tokyo) reports a 65.1% rise in net profits for its fiscal first quarter ended 31 March 2015, compared with the year-ago quarter, to ¥8.48 billion ($71 million). First-quarter...
http://www.chemweek.com/home/top_of_the_news/DIC-reports-huge-rise-in-earnings_70428.html
May 14, 2015
Braskem reported net income of $204 million reais ($66.8 million) for the first quarter, down by almost a half from R$396 million in the corresponding period of last year. The...
http://www.chemweek.com/home/top_of_the_news/Braskems-first-quarter-net-income-falls-by-almost-half_70182.html
May 14, 2015
The styrene-over-benzene spread in Europe has jumped almost to $550/m.t., a gain of about $120/m.t. on the week, as benzene and styrene spot prices have been pulled in opposite...
http://www.chemweek.com/home/top_of_the_news/Styrene-benzene-spread-approaches-$550-in-Europe-as-production-issues-emerge_70414.html
May 14, 2015
Williams (Tulsa, OK) is to acquire Williams Partners in an all-stock-for-unit transaction valued at $13.8 billion. The two companies expect the deal to close in the fall of 2015 after regulatory and shareholder approval. Williams Partners will become a wholly owned subsidiary of Williams....
http://www.chemweek.com/home/top_of_the_news/Williams-Williams-Partners-to-merge-in-$13-8-billion-deal_70410.html
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