IHS Chemical Week

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October 17, 2014
The recently constructed Vantage pipeline will support overall hydrocarbon recovery at the Bakken Shale in North Dakota by decreasing flaring, IHS Energy says. Total wet gas production...
http://www.chemweek.com/home/top_of_the_news/IHS-Energy-Vantage-pipeline-to-support-hydrocarbon-recovery-at-Bakken-Shale_64572.html
October 16, 2014
“Although we identified very significant operational and structural synergies, we were ultimately unable to agree on terms of a transaction that met the requirements of all our respective shareholders,” says Tony Will, CF president and CEO....
http://www.chemweek.com/home/top_of_the_news/CF-and-Yara-end-merger-talks_64570.html
October 16, 2014
The company cut full-year guidance, citing weakness in aerospace and additives....
http://www.chemweek.com/home/top_of_the_news/Cytec-net-income-jumps-22-percent_64568.html
October 16, 2014
PPG Industries today reported stronger third-quarter net income, with growth across most business segments and regions. Net income of $377 million grew 84% year-on-year (YOY) on sales up 4% YOY, to $3.9 billion. Adjusted earnings per share of $2.82/share were above analyst estimates of $2.75/share, as reported by Thomson Reuters (New York). Adjusted net income, excluding nonrecurring items, was $394 million, up 17% YOY....
http://www.chemweek.com/home/top_of_the_news/PPG-reports-adjusted-earnings-up-17-percent_64557.html
October 16, 2014
Borealis said today that it has secured financing for its investment in R&D into plastic materials at several of its facilities. The KfW IPEX-Bank loan of €75 million ($95.7...
http://www.chemweek.com/home/top_of_the_news/Borealis-secures-financing-for-R-and-D-into-plastic-materials_64555.html
October 16, 2014
BASF has appointed Gerry Podesta as the senior v.p./dispersions and pigments, North America effective 1 November. Podesta succeeds Derek Fairclough, who will lead BASF’s...
http://www.chemweek.com/home/top_of_the_news/BASF-appoints-senior-v-p-leads-in-North-America_64554.html
October 16, 2014
Kemira is making a multimillion-euro investment to expand its process and functional chemicals lines at San Giorgio, Italy. Production is scheduled to start at the beginning of 2015...
http://www.chemweek.com/home/top_of_the_news/Kemira-invests-in-functional-chemicals-in-Italy_64552.html
October 16, 2014
Ube Industries has revised its net profits and sales forecasts for the fiscal first half ended, 30 September 2014, and for the full fiscal year, ending 31 March 2015. Ube expects to...
http://www.chemweek.com/home/top_of_the_news/Ube-downgrades-net-profits-sales-projections_64549.html
October 16, 2014
Syngenta today reported a 3% growth in integrated third-quarter sales at constant exchange rates, to $2.8 billion, with prices up 3% and volumes unchanged. Excluding solo glyphosate...
http://www.chemweek.com/home/top_of_the_news/Syngenta-reports-higher-third-quarter-sales-full-year-Ebitda-margin-will-be-below-last-years_64548.html
October 16, 2014
Alpek (Monterrey, Mexico) posted a 17% decline in consolidated Ebitda for the third quarter of 2014 compared with the corresponding period of last year, to $131 million, on sales down...
http://www.chemweek.com/home/top_of_the_news/PTA-PET-producer-Alpek-posts-lower-results-on-weaker-volume-prices_64547.html
October 15, 2014
NuStar Energy (San Antonio) and Pemex affiliate PMI will form a joint venture to develop new pipeline infrastructure to transport liquefied petroleum gases (LPGs) and refined products...
http://www.chemweek.com/home/top_of_the_news/NuStar-and-Pemex-plan-US-Mexico-LPG-refined-products-pipeline_64540.html
October 15, 2014
Archer Daniels Midland (ADM; Chicago) has signed an agreement to purchase Specialty Commodities Inc. (SCI; Fargo, ND) for $170 million, subject to postclosing adjustments. SCI works...
http://www.chemweek.com/home/top_of_the_news/ADM-to-acquire-specialty-ingredients-firm-for-$170-million_64519.html
October 15, 2014
Solvay has appointed An Nuyttens as president of the silica global business unit, succeeding Tom Benner, who has left the group. Nuyttens, a Belgian national, joined Solvay in 1991 as...
http://www.chemweek.com/home/top_of_the_news/Solvay-appoints-new-president-of-silica-business_64517.html
October 15, 2014
UOP said on Tuesday that PennTex North Louisiana, a subsidiary of PennTex Midstream Partners, has selected UOP to engineer, procure, and construct (EPC) a gas processing plant to...
http://www.chemweek.com/home/top_of_the_news/UOP-awarded-second-gas-processing-plant-contract-by-PennTex-signs-MOU-for-third-unit_64516.html
October 15, 2014
Clariant has inaugurated its first regional innovation center in India. The new facility, located at Navi Mumbai, will employ about 100 technical staff in chemical research and...
http://www.chemweek.com/home/top_of_the_news/Clariant-inaugurates-innovation-center-in-India_64515.html
October 15, 2014
A. Schulman says that it has signed an agreement and a strategic partnership with polymer producer Initz (Ulsan, South Korea) to compound and market Initz's Ecotran polyphenylene...
http://www.chemweek.com/home/top_of_the_news/Schulman-and-Initz-form-alliance-for-PPS-compounds_64514.html
October 14, 2014

EPA has published a proposed greenhouse gas prevention of significant deterioration (GHG PSD) permit for M&G Chemicals' (Luxembourg) Corpus Christi, TX, polyethylene terephthalate project, which the company first announced in May 2011. M&G Chemicals plans to build a 1.0-million m.t./year PET plant and a 1.2-million m.t./year plant for the production of feedstock purified terephthalic acid.

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http://www.chemweek.com/home/top_of_the_news/EPA-publishes-proposed-GHG-PSD-for-M-and-Gs-Corpus-Christi-PET-project_64500.html
October 14, 2014
Outgoing European trade commissioner Karel De Gucht has spoken about the "reality" of the negotiations between the European Union and the United States on the Transatlantic...
http://www.chemweek.com/home/top_of_the_news/EU-trade-commissioner-De-Gucht-addresses-the-reality-of-the-EU-US-trade-talks_64496.html
October 14, 2014
FMC has signed unsecured credit agreements that will provide access to as much as $3.5 billion to help fund its $1.8-billion acquisition of agricultural chemicals maker Cheminova (Harboøre, Denmark). FMC’s acquistion of Cheminova is expected to close in early 2015....
http://www.chemweek.com/home/top_of_the_news/FMC-completes-credit-agreements-for-$3-5-billion-to-fund-Cheminova-purchase_64497.html
October 14, 2014
Badlands NGL, a private equity firm, plans to build a $4-billion, 1.5-million m.t./year polyethylene complex in North Dakota....
http://www.chemweek.com/home/top_of_the_news/Private-equity-firm-plans-world-scale-North-Dakota-polyethylene-complex_64488.html
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