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December 17, 2014
Technip has been awarded a contract worth approximately €100.0 million ($124.1 million) by Oil and Natural Gas Corp. (ONGC; New Delhi) to build a 6.0-million standard cubic...
http://www.chemweek.com/home/top_of_the_news/Technip-receives-oil-and-gas-terminal-contract-from-ONGC-in-India_66228.html
December 17, 2014
DSM says that it has agreed to sell its coating resins business Synres to private equity firm Standard Investment (Amsterdam). Financial details of the deal have not been disclosed...
http://www.chemweek.com/home/top_of_the_news/DSM-to-sell-coating-resins-business-to-private-equity-firm_66227.html
December 17, 2014
Umicore (Brussels) says that it will construct a facility at the Hemaraj industrial estate in Thailand for the production of emission-control catalysts for light-duty vehicles. The...
http://www.chemweek.com/home/top_of_the_news/Umicore-to-build-automotive-catalyst-facility-in-Thailand_66225.html
December 17, 2014
Toluene disproportionation (TDP) and selective TDP (STDP) units are likely to be the first casualties of the recent collapse of the benzene price, in the United States and worldwide...
http://www.chemweek.com/home/top_of_the_news/Toluene-disproportionation-operating-rates-in-US-are-the-first-to-be-slowed-by-collapse-of-benzene-prices_66245.html
December 17, 2014
Styrene spot values in Europe have lost about $400/m.t. in two weeks as the market has been forced to adjust to the new upstream environment at a time when European styrene production...
http://www.chemweek.com/home/top_of_the_news/Europe-styrene-prices-plummet-on-the-back-of-weaker-energy-markets_66240.html
December 17, 2014
BASF subsidiary BASF India (Mumbai) says that a Würth (Künzelsau, Germany) subsidiary headquartered in Navi Mumbai, India, will take over the import, distribution...
http://www.chemweek.com/home/top_of_the_news/BASF-and-Wurth-team-up-for-automotive-refinish-coatings-business-in-India_66224.html
December 17, 2014
Six substances have been added to the candidate list of substances of very high concern (SVHC), under the European Union’s Registration, Evaluation, Authorisation, and...
http://www.chemweek.com/home/top_of_the_news/ECHA-adds-six-substances-to-SVHC-list_66244.html
December 17, 2014
Sinopec says that its Maoming olefins facility has increased its operating rates and is expected to produce a total of 1.14 million m.t. of ethylene during this year. Sinopec Maoming...
http://www.chemweek.com/home/top_of_the_news/Sinopec-ups-ethylene-production-at-Maoming-complex_66238.html
December 17, 2014
UCB, Advent International and Avista Capital Partners said on Tuesday that they have agreed to terminate their agreement, announced on 7 November 2014, for Advent and Avista to acquire...
http://www.chemweek.com/home/top_of_the_news/UCB-terminates-agreement-to-sell-generic-drugs-unit-to-private-equity-groups_66235.html
December 16, 2014
Israel Chemicals Ltd. (ICL; Tel Aviv) says it will invest up to $500.0 million for 50% ownership of a joint venture that will operate a fully integrated, world-scale phosphate business...
http://www.chemweek.com/home/top_of_the_news/ICL-forms-Chinese-phosphates-JV-with-Yunnan-Yuntianhua_66208.html
December 16, 2014
Kazakhstan has received assurances that Chinese investors will pump $3.80 billion to develop potash deposits in Kazakhstan, according to investment and development minister of...
http://www.chemweek.com/home/top_of_the_news/Kazakhstan-advances-plans-to-become-major-potash-player_66205.html
December 16, 2014
Dow Chemical will supply quantum dot material to LG Electronics, which is launching a new range of high-tech TVs in early 2015. Dow is building a quantum dot factory in South Korea...
http://www.chemweek.com/home/top_of_the_news/LG-Electronics-and-Dow-link-in-quantum-dot-TV-project_66204.html
December 16, 2014
Orica has commissioned a $25.0-million emulsion explosives plant in the Murmansk region in Russia that will supply PhosAgro (Moscow) subsidiary Apatit. The plant is based at...
http://www.chemweek.com/home/top_of_the_news/Orica-commissions-explosives-plant-in-Russia-to-serve-PhosAgro_66203.html
December 16, 2014
Venture Global LNG will invest $4.25 billion to build a new liquefaction processing complex and liquefied natural gas (LNG) export terminal. The facility will be constructed on the...
http://www.chemweek.com/home/top_of_the_news/Venture-Global-LNG-invests-in-liquefaction-complex-and-LNG-export-terminal-in-Louisiana_66202.html
December 16, 2014
Petri Helsky, president of Kemira's paper segment, will assume a second role as president of Asia/Pacific as of 1 January 2015. Helsky, based in Hong Kong, continues to be a member of...
http://www.chemweek.com/home/top_of_the_news/Kemira-makes-management-changes_66201.html
December 15, 2014
Sherwin-Williams (SW) today narrowed its full-year 2014 adjusted earnings guidance to $8.75–8.80/share compared with $8.70–8.80/share previously. Full-year sales are...
http://www.chemweek.com/home/top_of_the_news/Sherwin-Williams-narrows-guidance-details-Lowes-program_66154.html
December 15, 2014
The National Industrialization Co. (Tasnee; Riyadh) informed the Saudi Stock Exchange on Sunday that its board of directors has accepted the resignation of Salih bin Fahd Al Nazha...
http://www.chemweek.com/home/top_of_the_news/Tasnee-appoints-former-Sabic-CFO-as-its-new-CEO_66167.html
December 15, 2014
US ethylene prices continue to fall despite production issues over the weekend at Chevron Phillips Chemical’s Sweeny complex in Old Ocean, TX; and Dow Chemical’s Freeport, TX, facility. According to IHS Chemical, ethylene was trading Monday morning at 39.5 cts/lb del US Gulf Coast, down from Friday’s notional value of 41–42 cts/lb...
http://www.chemweek.com/home/top_of_the_news/US-ethylene-declines-despite-production-issues-at-CPChem-and-Dow_66185.html
December 15, 2014
BASF and Jiahua Energy Chemical Co., a wholly owned subsidiary of Huafang Textile Co., have signed an agreement to set up a new sulfuric acid plant at the seaport town of Zhapu...
http://www.chemweek.com/home/top_of_the_news/BASF-and-Jiahua-link-in-electronics-grade-sulfuric-acid-project-in-China_66176.html
December 15, 2014
Johnson Matthey says it has agreed to divest its gold and silver refining business to Asahi Holdings, a collector, refiner, and recycler of precious and rare metals from waste...
http://www.chemweek.com/home/top_of_the_news/Johnson-Matthey-sells-gold-and-silver-refining-business-to-Asahi-Holdings_66175.html
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