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May 8, 2014
Petronas Chemicals (Kuala Lumpur) reports a 32.1% fall in profits for the first quarter of 2014, compared with the first quarter of 2013, to 839 million ringgit ($260 million) largely...
http://www.chemweek.com/home/top_of_the_news/Petronas-Chemicals-reports-fall-in-profits-and-sales_60894.html
May 8, 2014
Showa Denko reports a 76.8% fall in net profits for the first quarter ended 31 March 2014, compared with the year-ago period, to ¥945 million ($9.3 million), partly due to a rise...
http://www.chemweek.com/home/top_of_the_news/Showa-Denkos-chemicals-and-petrochemicals-businesses-report-mixed-results_60893.html
May 8, 2014
BASF and Yara have selected BASF’s Freeport, TX site to build their previously announced ammonia plant. The proposed plant will be designed to produce 750,000 m.t./year of...
http://www.chemweek.com/home/top_of_the_news/BASF-and-Yara-select-Freeport-TX-site-for-ammonia-production-joint-venture_60891.html
May 8, 2014
Indorama Ventures (Bangkok) says it has appointed Tom Zaiser as CEO of its wholly owned subsidiary FiberVisions (Duluth, GA), effective 30 April 2014. Zaiser succeeds Gary Spitz who is...
http://www.chemweek.com/home/top_of_the_news/Indorama-appoints-new-CEO-of-FiberVisions_60890.html
May 8, 2014
Toray Industries reports a 22.9% rise in net profits for the company’s fiscal year ended 31 March 2014, compared with the previous fiscal year, to ¥59.60 billion ($585...
http://www.chemweek.com/home/top_of_the_news/Toray-reports-rise-in-profits-and-sales_60889.html
May 7, 2014
Arkema will cease production at its coating resins production unit at Stallingborough, UK, the company confirmed today. The plant was formerly part of Cray Valley, a Total subsidiary...
http://www.chemweek.com/home/top_of_the_news/Arkema-to-cease-coating-resins-production-at-UK-site_60865.html
May 7, 2014
ENI (Rome) announced today that it has signed deals to sell its shareholdings in refining and marketing activities in the Czech Republic, Slovakia, and Romania to MOL Group (Budapest)...
http://www.chemweek.com/home/top_of_the_news/ENI-sells-refining-and-marketing-business-in-Czech-Republic-Slovakia-and-Romania-to-MOL-Group_60861.html
May 7, 2014
Brenntag posted a 3% increase in profit after tax for the first quarter, to €72 million, on sales down slightly, to €2.42 billion. Gross profit increased 1% year-on-year...
http://www.chemweek.com/home/top_of_the_news/Upturn-in-Europe-North-America-boosts-Brenntags-earnings_60857.html
May 7, 2014
Arkema has posted a €77-million ($107.1 million) net profit for the first quarter, swinging back to profit from a €30-million net loss during the first quarter of last year...
http://www.chemweek.com/home/top_of_the_news/Arkema-swings-to-profit-but-sales-decline_60853.html
May 7, 2014
Toyo Engineering in cooperation with SOG - Oleo e Gás, a leading engineering company in Brazil, has been awarded a contract from Petrobras to build a new ammonia plant, UFN-5...
http://www.chemweek.com/home/top_of_the_news/Toyo-Engineering-to-build-ammonia-plant-for-Petrobras-in-Brazil_60852.html
May 7, 2014
Ineos has reached an agreement with Evergas (Copenhagen) to expand, from four to six vessels, the former's order for a series of ethane vessels that are under construction in...
http://www.chemweek.com/home/top_of_the_news/Ineos-orders-two-additional-ethane-carriers-from-Evergas_60851.html
May 7, 2014
AkzoNobel and Solvay have joined forces with Ernst & Young to jointly develop a monitoring system that tracks and quantifies the use of renewable raw materials in paints, coatings...
http://www.chemweek.com/home/top_of_the_news/AkzoNobel-and-Solvay-join-forces-with-Ernst-and-Young-to-monitor-sustainable-raw-material-use_60847.html
May 7, 2014
There is a ready market for a second ethane cracker at Williams’s Geismar, LA, site, says Steve Lewandowski, senior director/global olefins at IHS Chemical. Ethylene is short in Louisiana, and there is a long list of ethylene consumers that would benefit from participation in the proposed venture, he says....
http://www.chemweek.com/home/top_of_the_news/IHS-Second-Williams-cracker-at-Geismar-would-address-regional-ethylene-shortage_60838.html
May 7, 2014
BASF’s proposal to build a world-scale methane-to-propylene (MTP) complex on the US Gulf Coast is strategically sound, and it may also be tactically savvy, says Chuck Carr, senior director/global olefins at IHS Chemical. BASF needs to address the shrinking supply of propylene produced by North America's steam crackers, and on-purpose production is most likely the answer. At the same time, the choice of MTP over propane dehydrogenation (PDH) suggests that BASF may expect the gap between crude oil and natural gas prices to grow over the long term, providing an advantage to production from methane....
http://www.chemweek.com/home/top_of_the_news/IHS-BASFs-methane-to-propylene-evaluation-for-US-Gulf-Coast-is-wise-move_60842.html
May 6, 2014
FMC today reported first-quarter net income down by about half year-on-year (YOY), to $65.6 million, or 49 cts/share, on revenues up 3%, to $942 million. Earnings excluded some charges...
http://www.chemweek.com/home/top_of_the_news/FMC-earnings-fall-as-ag-results-hit-by-bad-weather_60841.html
May 6, 2014
AkzoNobel today officially inaugurated a membrane-process chlorine plant at the Höchst, Germany, industrial park, near Frankfurt. Management, employees, customers, and politicians...
http://www.chemweek.com/home/top_of_the_news/AkzoNobel-inaugurates-chlor-alkali-plant-in-Germany-CEO-confirms-targets_60827.html
May 6, 2014

OxyChem, the chemical segment of Occidental Petroleum, has reported earnings for the first quarter of $136 million, down 14% year-on-year. The company attributes the decrease to lower caustic soda prices driven by new chlor-alkali capacity. However, the company says higher polyvinyl chloride and vinyl chloride margins, resulting from improvement in US construction markets, and higher volumes across all products offset most of the decline.

...

http://www.chemweek.com/home/top_of_the_news/OxyChem-earnings-down-on-caustic-prices_60824.html
May 6, 2014
Axiall (Atlanta) reports a net loss for first-quarter 2014 of $11.6 million versus a loss of $3.5 million in the year-ago period. A 17-cts/share loss matched the analysts’ consensus estimate compiled by Thomson Reuters. Sales fell 10% year-on-year, to $994 million....
http://www.chemweek.com/home/top_of_the_news/VCM-outage-weather-cut-into-Axiall-earnings_60823.html
May 6, 2014
DSM reports a €99-million ($137.4 million) net profit from continuing operations in the first quarter, down 21% year-on-year (YOY) as a result of currency movements, the company...
http://www.chemweek.com/home/top_of_the_news/DSMs-net-profit-drops-21-percent-on-currency-movements_60822.html
May 6, 2014
Solvay reports €121 million ($167.8 million) in adjusted net income for the first quarter, up 20% year-on-year (YOY) and beating the company's previous forecasts, as demand...
http://www.chemweek.com/home/top_of_the_news/Solvays-net-income-up-20-percent_60820.html
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