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January 15, 2015
Prompt aromatics moved up in the US market yesterday, as prices firmed on the back of stronger crude oil futures. NYMEX West Texas Intermediate crude futures had their strongest gain...
http://www.chemweek.com/home/top_of_the_news/Aromatics-prices-rise-in-the-US-on-higher-crude-futures_66849.html
January 15, 2015
Boardwalk Pipeline Partners (Houston) says that it has no timeline for when the Evangeline ethylene pipeline system will be back up and running. The Evangeline pipeline, which...
http://www.chemweek.com/home/top_of_the_news/Boardwalk-No-timeframe-to-bring-ethylene-pipeline-back-online_66848.html
January 15, 2015
The US ethylene market picked up slightly early yesterday on news that two steam crackers were offstream in Texas. ExxonMobil Chemical was having issues with a cracker at its Beaumont...
http://www.chemweek.com/home/top_of_the_news/Ethylene-prices-up-in-the-US-on-cracker-issues-in-Texas_66846.html
January 15, 2015
Teijin says that its Teijin DuPont Films polyester films joint venture with DuPont will permanently shut its production facility at Anpachi, Gifu Prefecture, Japan. The move is aimed...
http://www.chemweek.com/home/top_of_the_news/Teijin-DuPont-Films-to-close-plant-in-Japan_66845.html
January 14, 2015
Hungary’s energy major MOL (Budapest) on Tuesday made a public tender offer to acquire shares it does not already own in Hungary’s chemicals producer TVK...
http://www.chemweek.com/home/top_of_the_news/MOL-makes-tender-offer-for-outstanding-TVK-shares_66820.html
January 14, 2015
Shire (Dublin) and NPS Pharmaceuticals (Bedminster, NJ) today announced that they have entered into an agreement for Shire to acquire all the outstanding shares of NPS Pharma for...
http://www.chemweek.com/home/top_of_the_news/Shire-to-acquire-NPS-Pharma-for-$5-2-billion-building-leading-biotech-position_66731.html
January 14, 2015
The European Union will devolve to its 28 individual member states the power to authorize the cultivation of genetically modified (GM) crops, allowing national governments to either...
http://www.chemweek.com/home/top_of_the_news/New-law-widens-opportunity-for-cultivation-of-GM-crops-in-Europe_66814.html
January 14, 2015
Influential international shareholders have supported Sika management's battle to thwart a partial $2.78-billion bid from Saint-Gobain that would give the latter control of Sika. Sika...
http://www.chemweek.com/home/top_of_the_news/International-investors-back-Sika-management-in-battle-against-family-and-Saint-Gobain_66819.html
January 14, 2015
Qatar Petroleum (QP) and Shell say they have decided not to proceed with the proposed Al Karaana petrochemicals project in Qatar and to stop further work on the project. “The...
http://www.chemweek.com/home/top_of_the_news/Qatar-Petroleum-Shell-scrap-$6-5-billion-petchems-project-in-Qatar_66817.html
January 14, 2015
The availability of pyrolysis gasoline (pygas) has lengthened in Europe, leading to export shipments to the United States totaling an estimated 50,000 m.t. in the past month.  ...
http://www.chemweek.com/home/top_of_the_news/Competing-cracker-benzene-dynamics-create-glut-of-pygas-in-Europe_66816.html
January 14, 2015
Israel Chemicals Ltd. (ICL; Tel Aviv) says that its board of directors, on 12 January, approved the appointment of Kobi Altman as executive v.p. and CFO of the company, effective 1...
http://www.chemweek.com/home/top_of_the_news/ICL-appoints-new-CFO_66812.html
January 14, 2015
Indorama Ventures (Bangkok) today announced that it has pulled out of an agreement to acquire Sasa Polyester Sanayi (Adana, Turkey), a leading polyester and polyethylene terephthalate...
http://www.chemweek.com/home/top_of_the_news/Indorama-ends-plan-to-acquire-Turkish-firm-Sasa-Polyester-Sanayi_66809.html
January 14, 2015
Braskem says it has improved the efficiency of naphtha usage at the company's Triunfo, Brazil, petrochemical complex. The improvement was made at the site's olefins-1 production unit...
http://www.chemweek.com/home/top_of_the_news/Braskem-improves-feedstock-energy-efficiency-at-Brazil-site_66745.html
January 13, 2015
Badger Licensing today announced that it has licensed its bisphenol-A (BPA) technology to Lihuayi Weiyuan Chemical Co. The process will be used in a 120,000-m.t./year grassroots BPA...
http://www.chemweek.com/home/top_of_the_news/Badger-licenses-bisphenol-A-technology-to-China_66796.html
January 13, 2015
Yanbu National Petrochemical Co. (YanSab), a Sabic subsidiary, today announced a large increase in fourth-quarter profits but a slide in full-year earnings. Net profit in the fourth...
http://www.chemweek.com/home/top_of_the_news/YanSab-reports-higher-fourth-quarter-earnings_66793.html
January 13, 2015
Reliance Industries has appointed industry veteran Vipul Shah as the company’s COO. Shah, 55, was previously chairman and CEO of Dow India. He has worked at Dow for 25...
http://www.chemweek.com/home/top_of_the_news/Reliance-Industries-taps-Dow-executive-for-post-of-COO_66789.html
January 13, 2015
Hedge fund Trian Fund Management (New York) on Friday continued its campaign against DuPont management by nominating four directors to the company’s board. The four are Trian CEO...
http://www.chemweek.com/home/top_of_the_news/Trian-nominates-four-DuPont-directors-sharpens-call-for-break-up_66718.html
January 13, 2015
Sika (Baar, Switzerland), currently the subject of a battle between its controlling shareholders and its management over a $2.78-billion bid from France's Saint Gobain, today reported...
http://www.chemweek.com/home/top_of_the_news/Sika-reports-record-sales-in-all-regions-in-2014_66784.html
January 13, 2015
Gazprom neftekhim Salavat (Salavat, Russia) has achieved higher utilization rates at its Salavat-based ethylene complex. The company for the first time produced 1,008 m.t./day of...
http://www.chemweek.com/home/top_of_the_news/Russian-petchem-producer-raises-ethylene-capacity-utilization-rate_66782.html
January 13, 2015
The trade committee of the European Parliament has indicated in a working document that it opposes the inclusion of a clause on investor-state dispute settlement (ISDS) being included...
http://www.chemweek.com/home/top_of_the_news/European-Parliament-trade-committee-opposed-to-inclusion-of-ISDS-in-TTIP_66794.html
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