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February 3, 2015

LyondellBasell’s fourth-quarter earnings have beaten the analysts’ consensus estimate by 15%, with lower feedstock costs more than making up for lower product prices. However, the company expects lower crude oil prices to pressure margins in the year ahead. Fourth-quarter earnings from continuing operations totaled $796 million, down 32% year-over-year (YOY) from $1.177 billion. Sales totaled $10.29 billion, down 8% YOY from $11.138 billion. The quarter included a $715 million non-cash, pre-tax charge for the impact of a lower-of-cost-or-market (LCM) inventory adjustment.

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http://www.chemweek.com/home/top_of_the_news/LyondellBasell-beats-consensus-by-15-percent-as-lower-feedstocks-make-up-for-product-prices_67452.html
February 3, 2015
Renewable aromatics technology firm Anellotech (Pearl River, NY) and Johnson Matthey Process Technologies have announced an alliance to codevelop advanced catalyst systems for...
http://www.chemweek.com/home/top_of_the_news/Anellotech-signs-collaboration-deal-with-Johnson-Matthey_67427.html
February 3, 2015
ExxonMobil reports fourth-quarter earnings for its chemical segment of $1.20 billion, up 36% year-on-year (YOY) from $883 million. Sales of prime products fell 6.0% YOY, to 5.7 million metric tons....
http://www.chemweek.com/home/top_of_the_news/ExxonMobil-fourth-quarter-chemical-earnings-up-36-percent-on-feedstocks_67411.html
February 3, 2015
BASF in Japan said today that it will launch Kanetsugu-Radical Jumbo, a rice herbicide that can help Japanese rice farmers control weeds more effectively. The product will be available...
http://www.chemweek.com/home/top_of_the_news/BASF-launches-rice-herbicide-in-Japan_67394.html
February 3, 2015
Spot aromatics prices spiked $30–70/m.t. today as market sentiment rode firmer energy markets. The March Brent crude contract rose yesterday by $1.76, to $54.75/bbl, on the ICE...
http://www.chemweek.com/home/top_of_the_news/Asia-aromatics-prices-spike-as-crude-futures-soar_67437.html
February 3, 2015
Teijin reports a net loss of ¥14.4 billion ($122.5 million) in the fiscal first nine months, ended 31 December 2014, compared with a net profit of ¥5.02 billion in the year-ago...
http://www.chemweek.com/home/top_of_the_news/Teijin-reports-loss-due-to-restructuring-measures_67436.html
February 3, 2015
Tronox is near a deal to acquire FMC’s soda ash business for more than $1.5 billion, the Wall Street Journal reported, citing people familiar with the matter. The deal may be...
http://www.chemweek.com/home/top_of_the_news/Reports-Tronox-near-deal-to-acquire-FMCs-soda-ash-business-for-$1-5-billion_67456.html
February 3, 2015
Technip says that it has been awarded a contract by Qingdao Soda Ash Industrial New Material & Technology Co. to provide the technology, engineering, selected critical equipment...
http://www.chemweek.com/home/top_of_the_news/Technip-awarded-contract-for-ethylbenzene-styrene-plant-in-China_67432.html
February 3, 2015
PPG Industries is increasing precipitated silica production capacity at the company's Delfzijl, Netherlands, site by more than 15,000 m.t./year, due in part to growing worldwide demand...
http://www.chemweek.com/home/top_of_the_news/PPG-to-expand-precipitated-silica-capacity-at-Netherlands-site_67453.html
February 3, 2015
Sumitomo Chemical says that it will acquire the compound semiconductor materials business of Hitachi Metals (Tokyo). The acquisition is expected to be completed on 1 April. Financial...
http://www.chemweek.com/home/top_of_the_news/Sumitomo-Chemical-to-acquire-compound-semiconductor-materials-business-of-Hitachi-Metals_67434.html
February 3, 2015
The petrochemical business of Idemitsu Kosan reports an operating loss of ¥8.5 billion ($73 million) in the fiscal first nine months ended 31 December 2014, compared with an...
http://www.chemweek.com/home/top_of_the_news/Idemitsu-Kosans-petrochemical-business-reports-an-operating-loss_67449.html
February 3, 2015
Air Liquide says that it has entered into a long-term agreement in Australia with Nyrstar (Balen, Belgium), an integrated mining and metals company. Air Liquide will invest €60.0...
http://www.chemweek.com/home/top_of_the_news/Air-Liquide-to-build-ASU-in-Australia_67433.html
February 3, 2015
Tosoh's net profits for the company's fiscal first nine months, ended 31 December 2014, more than doubled compared with the year-ago period, to ¥52.5 billion ($446.4 million)...
http://www.chemweek.com/home/top_of_the_news/Tosoh-reports-huge-rise-in-profits_67431.html
February 3, 2015
Dow says gross proceeds from both divestitures will total more than $1.4 billion. Separately, Dow announced 31 January that it has completed its acquisition of Coodetec’s seed business, a leading supplier of corn and soybean genetics in Brazil. Coodetec also provides Dow with entry in the wheat market in Brazil....
http://www.chemweek.com/home/top_of_the_news/Dow-finalizes-sale-of-Angus-and-sodium-borohydride-completes-Brazil-seeds-acquisition_67446.html
February 3, 2015
Ube Industries reports a 46.8% fall in net profits for its fiscal first nine months, ended 31 December 2014, compared with the year-ago period, to ¥5.1 billion ($43.6 million)...
http://www.chemweek.com/home/top_of_the_news/Ube-reports-fall-in-profits_67445.html
February 3, 2015
Bernard Pinatel, currently CEO of Bostik, has been appointed a member of Arkema’s executive committee. Arkema says that it completed the previously announced acquisition of...
http://www.chemweek.com/home/top_of_the_news/Arkema-completes-acquisition-of-Totals-adhesives-subsidiary-Bostik_67428.html
February 2, 2015
Tosoh reports a 2.8% decrease in net profits for the company's fiscal first half ended 30 September 2014 compared with the year-ago period, to ¥13.7 billion ($123 million)...
http://www.chemweek.com/home/top_of_the_news/Tosoh-reports-fall-in-profits_65014.html
February 2, 2015
H.B. Fuller says that it has finalized the previously announced acquisition of Tonsan Adhesive (Beijing), the largest independent engineering adhesives provider in China. Fuller has...
http://www.chemweek.com/home/top_of_the_news/H-B-Fuller-completes-acquisition-of-Chinese-firm-Tonsan-Adhesive_67413.html
February 2, 2015
The United Steelworkers Union—which represents unionized workers at 230 US refineries, chemical plants, pipelines, and terminals—called a strike on 1 February at nine US refineries and chemical plants after failing to reach an agreement for a new three-year labor contract by that day's deadline....
http://www.chemweek.com/home/top_of_the_news/USW-calls-strike-at-nine-US-refineries-and-chemical-plants_67417.html
February 2, 2015
FMC says it has acquired all global rights to a novel, proprietary herbicide from Kumiai Chemical Industry and Ihara Chemical Industry. FMC says the new herbicide is highly effective...
http://www.chemweek.com/home/top_of_the_news/FMC-acquires-rights-to-novel-herbicide_67409.html
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