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November 18, 2015
Mitsui Chemicals says that it will expand production capacity for its Espoir brand breathable films at the production site of its wholly owned subsidiary, Mitsui Hygiene Materials...
http://www.chemweek.com/home/top_of_the_news/Mitsui-Chemicals-to-expand-production-capacity-in-Thailand-for-breathable-films-used-in-diapers_75290.html
November 18, 2015
Chemours and its partner Changshu 3F Zhonghao, a flourochemical manufacturing firm, have broken ground on a production facility for HFO-1336mzz in Changshu, Jiangsu Province, China...
http://www.chemweek.com/home/top_of_the_news/Chemours-breaks-ground-on-HFO-1336mzz-facility_75289.html
November 17, 2015
BP intends to sell its petrochemical complex in Decatur, AL, as part of a broader reorganization of its global petrochemicals business, the company said on Tuesday....
http://www.chemweek.com/home/top_of_the_news/BP-to-put-Decatur-AL-petrochemical-complex-on-the-block_75278.html
November 17, 2015
Borouge, a 60-40 joint venture between Abu Dhabi National Oil Co. and Borealis (Vienna) and one of the Mideast’s largest producers of polymers, has devised its 2030 strategy...
http://www.chemweek.com/home/top_of_the_news/GPCA-Borouge-focuses-on-efficiency-under-2030-strategy_75276.html
November 17, 2015
Acetic acid demand in Europe is holding firm especially into vinyl acetate monomer (VAM) and ethyl acetate. Meanwhile, acetic acid supply is well balanced and the impact of a force...
http://www.chemweek.com/home/top_of_the_news/Limited-impact-from-LyondellBasells-US-force-majeure-on-VAM-prices-in-Europe-despite-tighter-market_75275.html
November 17, 2015
The Gulf Petrochemicals and Chemicals Association (GPCA; Dubai), to celebrate the 10th annual GPCA Forum taking place 17–19 November, has launched a new logo. The new visual...
http://www.chemweek.com/home/top_of_the_news/GPCA-celebrates-anniversary-with-new-logo_75271.html
November 17, 2015
The unexpected drop in global crude oil prices has caught some chemical producers in the Mideast off guard, which has resulted in their companies reporting significantly lower profits...
http://www.chemweek.com/home/top_of_the_news/GPCA-IHS-seminar-Falling-profits-of-Mideast-chemical-producers-slow-investments_75269.html
November 16, 2015
GCC petrochemical exports to China rose to 13.37 million m.t., valued at $15.15 billion in 2014, recording a 5% year-on-year increase, according to latest report by the Gulf...
http://www.chemweek.com/home/top_of_the_news/GPCA-GCC-petrochemical-exports-to-China-continue-to-grow-despite-slowdown_75270.html
November 16, 2015
Huntsman Family Investments (HFI; Salt Lake City, UT), the the family-office investment platform for the family of Jon M. Huntsman Sr., has reached agreement to acquire...
http://www.chemweek.com/home/top_of_the_news/Huntsman-family-to-acquire-American-Pacifics-specialty-chemicals-business_75245.html
November 16, 2015
Trade participants in the US aromatics market are looking to label and add low-chloride (LC) benzene to the existing standard to address contamination during transport from Asia....
http://www.chemweek.com/home/top_of_the_news/Low-chloride-US-benzene-spec-proposed-after-contamination-in-transit-from-Asia_75267.html
November 16, 2015
Enterprise Products Partners (Houston) has obtained additional contracts for exporting about 125 million bbl of liquefied petroleum gas (LPG) over seven years from its terminal on the Houston Ship Channel. Including the new contracts, over 90% of the terminal’s capacity is committed through 2019, and over 50% of the terminal’s capacity is committed through 2022, the company says....
http://www.chemweek.com/home/top_of_the_news/Enterprises-Houston-LPG-terminal-90-percent-committed-through-2019_75247.html
November 16, 2015
The Lenzing Group (Lenzing, Austria), a maker of man-made cellulosic fibers, has announced its business strategy and some financial targets for the next few years. The strategy...
http://www.chemweek.com/home/top_of_the_news/Lenzing-announces-new-business-strategy_75249.html
November 16, 2015
Monthly benzene exports from South Korea have seen some significantly high volumes for 2015, ranging from a peak of 282,000 m.t. to a low of 185,000 m.t. However, recent data obtained...
http://www.chemweek.com/home/top_of_the_news/Sharp-drop-in-South-Korea-benzene-exports-to-the-US-overall-styrene-p-xylene-exports-remain-high_75248.html
November 13, 2015
Siam Cement Group (SCG; Bangkok) on Friday informed the Stock Exchange of Thailand that Qatar Petroleum (QP; Doha) may exit their previously announced, $4.5-billion Long Son...
http://www.chemweek.com/home/top_of_the_news/Qatar-Petroleum-to-exit-petrochemical-JV-project-in-Vietnam_75220.html
November 13, 2015
Veresen (Calgary, AB) plans to build a $140-million, 1-million bbl ethane storage facility in Saskatchewan. The company says Nova Chemical (Calgary) has agreed to use the majority of the capacity under a 20-year arrangement....
http://www.chemweek.com/home/top_of_the_news/Veresen-to-supply-Nova-from-planned-$140-million-ethane-storage-facility-in-Saskatchewan_75224.html
November 13, 2015
Momentive today reported a third-quarter net loss of $32 million, compared with a loss of $199 million in the year-ago quarter, on sales down 11% year-on-year (YOY), to $559 million...
http://www.chemweek.com/home/top_of_the_news/Momentive-narrows-loss-on-lower-sales_75225.html
November 13, 2015
Celanese says it expects earnings to grow 10%/year over the next three years with adjusted earnings hitting $8.00–8.50/share by 2018. Celanese also told investors at an investor...
http://www.chemweek.com/home/top_of_the_news/Celanese-expects-10-percentyear-earnings-growth-targets-nylon-deals_75222.html
November 13, 2015
Merger speculation in the agricultural chemicals industry is growing increasingly febrile. Bloomberg on Thursday reported that Syngenta has rejected a $42-billion approach...
http://www.chemweek.com/home/top_of_the_news/Report-Syngenta-rejects-$42-billion-ChemChina-takeover-offer_75217.html
November 13, 2015
Cleveland Potash, a UK subsidiary of Israel Chemicals Ltd. (ICL; Tel Aviv), says it will cut the 1,100-strong workforce at its Boulby, UK, potash mine by 360 in the next few...
http://www.chemweek.com/home/top_of_the_news/Israel-Chemicals-plans-major-job-cuts-at-Cleveland-Potash-in-the-UK_75216.html
November 13, 2015
DIC (Tokyo) reports a 40% rise in net profits for the first nine months of 2015 compared with the first nine months of 2014, to ¥23.0 billion ($187.3 million). Nine-month sales...
http://www.chemweek.com/home/top_of_the_news/DIC-reports-higher-earnings_75215.html
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