IHS Chemical Week

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July 11, 2014
US ethylene strengthened this week, spurred by an outage at Chevron Phillips Chemical’s (CPChem; The Woodlands, TX) Port Arthur, TX, cracker; the delayed restart of LyondellBasell’s cracker at La Porte, TX; and imminent planned maintenance at ExxonMobil’s cracker at Baton Rouge, LA....
http://www.chemweek.com/home/top_of_the_news/US-ethylene-prices-strengthen-on-outages_62419.html
July 11, 2014
DSM announced today that it has reached an agreement to acquire Aland HK Holding, a Hong Kong–based company producing vitamin C in mainland China. DSM had announced in April that...
http://www.chemweek.com/home/top_of_the_news/DSM-agrees-to-acquire-Chinese-vitamin-C-producer-Aland_62410.html
July 11, 2014
Nippon Shokubai announced today that it plans to majorly expand capacity for its Acryviewa optical acrylic resin to meet growing demand. The company plans to add 3,000 m.t./year...
http://www.chemweek.com/home/top_of_the_news/Nippon-Shokubai-to-raise-capacity-for-specialty-acrylic-resin_62409.html
July 11, 2014
France's chemical industry association UIC (Paris) has called on the country's government to adopt a wide-ranging national gas strategy to help French industry meet the competitive...
http://www.chemweek.com/home/top_of_the_news/French-chemical-industry-calls-for-a-national-gas-strategy-to-meet-challenge-of-US-shale_62420.html
July 11, 2014
BASF today provided more information on its asset swap deal with Alpek, which was announced on Thursday. Alpek and BASF have signed agreements covering the expandable polystyrene (EPS)...
http://www.chemweek.com/home/top_of_the_news/Alpek-to-acquire-large-part-of-BASFs-EPS-business-BASF-to-buy-Polioless-PU-operations-Update_62393.html
July 11, 2014
India’s newly elected BJP government has pledged in its first budget to reduce custom duties on several chemicals in a move to encourage investment in the industry. In his maiden...
http://www.chemweek.com/home/top_of_the_news/Indias-new-government-pledges-to-reduce-duty-on-chemicals-revive-economy_62411.html
July 10, 2014
Axiall (Atlanta) says the extended ramp-up of its PHH vinyl chloride monomer manufacturing facility at Lake Charles, LA, and weakness in building products and aromatics have dampened expectations for the second quarter. The company now expects to report adjusted Ebitda of $125–130 million versus $180 million in the year-ago quarter....
http://www.chemweek.com/home/top_of_the_news/Axiall-lowers-earnings-expectations_62396.html
July 10, 2014
The chemical industry in Germany is starting to feel the wind in its sails, chemical trade association VCI (Frankfurt) said at a press conference today. Domestic production of...
http://www.chemweek.com/home/top_of_the_news/German-chemical-industry-feels-tail-wind-first-half-output-up-3-percent_62366.html
July 10, 2014
Archer Daniels Midland (ADM) today announced that it is acquiring Wild Flavors GmbH (Zug, Switzerland), for an enterprise value of approximately €2.3 billion ($3.13 billion)...
http://www.chemweek.com/home/top_of_the_news/Archer-Daniels-Midland-to-buy-Wild-Flavors-for-$3-billion_62266.html
July 10, 2014
Pemex Gas y Petroquímica Básica (PGPB; Mexico City), a Petróleos Mexicanos (Pemex; Mexico City) subsidiary, has, through its Tag Pipelines Norte affiliate...
http://www.chemweek.com/home/top_of_the_news/Pemex-awards-contract-for-gas-pipeline-to-Odebrecht-led-consortium_62390.html
July 10, 2014
Urea and ammonia prices have not yet been impacted by production outages in Ukraine caused by disruptions to natural gas feedstock supplies from Russia, resulting from the ongoing...
http://www.chemweek.com/home/top_of_the_news/IHS-Chemical-Prolonged-disruption-to-Ukraines-ammonia-urea-production-likely-to-cause-higher-prices_62398.html
July 10, 2014
The German chemical industry is in favor of the transatlantic trade and investment partnership (TTIP), currently being negotiated between the European Union and the United States, says...
http://www.chemweek.com/home/top_of_the_news/VCIs-Kley-Germanys-chemical-industry-in-favor-of-TTIP_62395.html
July 10, 2014
Dow Chemical has declared force majeure (FM) on vinyl acetate monomer (VAM) produced at Texas City, TX, where the company’s 365,000-m.t./year VAM plant remains offline following a planned maintenance turnaround, says a company source. The company will issue a letter to customers by 3 July, the source says....
http://www.chemweek.com/home/top_of_the_news/Dow-declares-force-majeure-on-VAM-Texas-City-plant-remains-offline-update_62221.html
July 10, 2014
Worldwide demand for soda ash will increase almost 34% during the next decade thanks to the recovering construction and automotive industries, according to The IHS Chemical World...
http://www.chemweek.com/home/top_of_the_news/IHS-Chemical-Soda-ash-demand-to-grow-34-percent-in-next-decade-driven-by-construction-automotive-industries_62392.html
July 10, 2014
The European Commission announced on Wednesday that it has imposed fines totaling €427.7 million ($582.8 million) on the French pharmaceutical company Servier and five producers...
http://www.chemweek.com/home/top_of_the_news/EU-fines-six-pharma-firms-for-curbing-entry-of-cheaper-generic-drugs_62391.html
July 10, 2014
CW has learned that PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest chemicals company, is seeking to buy its partner Perstorp out of their polyurethanes (PUs) joint...
http://www.chemweek.com/home/top_of_the_news/PTT-Global-Chemical-to-buy-Perstorp-out-of-Vencorex-PUs-JV_62389.html
July 10, 2014
Indorama Ventures (Bangkok) says that the name of Artenius TurkPET (Adana, Turkey), a polyethylene terephthalate (PET) resin producer that Indorama acquired in June, has been changed...
http://www.chemweek.com/home/top_of_the_news/Indorama-changes-name-of-acquired-PET-firm-in-Turkey_62387.html
July 10, 2014
Hansa Group (Duisburg, Germany) an integrated European supplier of care chemicals for detergents, cleaning agents, and body-care products, said on Wednesday that it had filed for...
http://www.chemweek.com/home/top_of_the_news/Care-chemicals-and-detergents-player-Hansa-Group-files-for-insolvency_62385.html
July 10, 2014
Dow Chemical says it is bringing its Texas City, TX, vinyl acrylate monomer (VAM) plant back online. Dow shut the unit down in late June to correct a mechanical issue and subsequently declared force majeure on the product....
http://www.chemweek.com/home/top_of_the_news/Dow-begins-restart-of-Texas-City-VAM-plant_62383.html
July 9, 2014
UOP, a Honeywell company, announced on Wednesday that Petrixo Oil & Gas has selected its green fuels process technology to produce renewable jet fuel and renewable diesel at a new...
http://www.chemweek.com/home/top_of_the_news/Petrixo-selects-UOP-green-fuels-technology-for-refinery-in-United-Arab-Emirates_62384.html
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