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November 3, 2015
Westlake Chemical (Houston) reports third-quarter net income of $184 million, up 9.5% year-on-year (YOY) on the one-time boost of a lower effective tax rate, which offset the effects of maintenance outages. Sales totaled $1.19 billion, down 5.2% YOY on lower sales prices, partially offset by higher sales volume, the company says....
http://www.chemweek.com/home/top_of_the_news/Westlake-earnings-up-9-5-percent-YOY-on-tax-rate-sales-down-5-2-percent_74928.html
November 3, 2015
Cabot reports net income of $43 million for the fiscal fourth quarter, ended 30 September, up 28% year-on-year (YOY). However, it also reports a loss of $331 million for the full...
http://www.chemweek.com/home/top_of_the_news/Cabot-beats-estimates-net-income-up_74920.html
November 3, 2015
A consortium comprising the Russian Direct Investment Fund (Moscow) and leading international investors has announced the completion of a deal to invest in a terminal in the commercial...
http://www.chemweek.com/home/top_of_the_news/International-consortium-and-Sibur-close-deal-for-investing-in-marine-terminal-in-Russia_74919.html
November 3, 2015
Major cathode material producer Pulead (Beijing) and phosphate leader Prayon (Engis, Belgium) have agreed to form a joint venture for manufacturing lithium iron phosphate (LFP) under a...
http://www.chemweek.com/home/top_of_the_news/Prayon-and-Pulead-form-JV-to-manufacture-lithium-iron-phosphate_74918.html
November 3, 2015
OCI (Amsterdam) and CF Industries on Tuesday announced the expiration of the waiting period mandated for the US government antitrust review of proposed transactions under the...
http://www.chemweek.com/home/top_of_the_news/US-antitrust-authorities-do-not-object-CF-Industries-and-OCI-merger_74913.html
November 3, 2015
Petronas Chemicals (Kuala Lumpur) reports a 35% rise in profits for the third quarter of 2015 compared with the third quarter of 2014, to 990 million ringgit ($230.9 million). Earnings...
http://www.chemweek.com/home/top_of_the_news/Petronas-Chemicals-reports-rise-in-profits-to-invest-in-Rapid-project_74911.html
November 4, 2015
DuPont has announced plans to merge its packaging and industrial polymers business unit with performance polymers, as well as combine protection technologies and building innovations...
http://www.chemweek.com/home/top_of_the_news/DuPont-consolidates-business-units_74894.html
November 3, 2015
Heavy rain and flooding forced Chevron Phillips Chemical (CPChem; The Woodlands, TX) to shut down operations at its Cedar Bayou plant in Baytown, TX, on 1 November, according to a filing with the Texas Commission on Environmental Quality. According to a subsequent filing, CPChem expects to complete a site-wide restart on 12 November....
http://www.chemweek.com/home/top_of_the_news/CPChem-sitewide-outage-at-Cedar-Bayou-Update_74908.html
November 2, 2015
Williams says it has signed a long-term agreement to supply propylene from its planned propane dehydrogenation (PDH) plant near Edmonton, AB, to North American Polypropylene (NAPP), which would co-locate a polypropylene plant on the same site....
http://www.chemweek.com/home/top_of_the_news/Williams-agrees-to-supply-propylene-from-Edmonton-PDH-to-co-located-PP-plant_74907.html
November 2, 2015
Ecolab on Monday reported third quarter net income down 29% year-on-year (YOY), to $257.8 million, on sales down 7%, to $3.45 billion. Adjusted income excluding a charge related to the...
http://www.chemweek.com/home/top_of_the_news/Ecolab-matches-estimates-despite-currency-impact-weakness-in-energy-business_74890.html
November 2, 2015
Celanese plans to close its vinyl acetate ethylene (VAE) emulsions production units at Meredosia, IL, by 15 December. The company says it will continue to supply North American emulsions customers through its facilities in Enoree, SC, and Boucherville, Quebec....
http://www.chemweek.com/home/top_of_the_news/Celanese-to-close-Meredosia-VAE-plant_74896.html
November 2, 2015
Royal Dutch Shell has announced the completion of two divestments from its downstream portfolio. In France, the company has completed selling its Butagaz liquefied petroleum gas (LPG)...
http://www.chemweek.com/home/top_of_the_news/Shell-completes-two-downstream-divestments_74887.html
November 2, 2015
Teijin reports a net profit of ¥24.5 billion ($203.3 million) in the fiscal first half, ended 30 September 2015, compared with a net loss of ¥22.3 billion in the year-ago...
http://www.chemweek.com/home/top_of_the_news/Teijin-swings-to-profit_74882.html
November 1, 2015
Sadara, a joint venture between Saudi Aramco and Dow Chemical currently commissioning its $20 billion complex at Jubail, announced on Sunday that it has entered into a tank storage...
http://www.chemweek.com/home/top_of_the_news/Sadara-signs-storage-port-services-deals_74879.html
November 12, 2015
Samsung Group (Seoul) on Friday confirmed that it will sell its chemical operations to Lotte Chemical (Seoul) in a deal worth 3 trillion South Korean won ($2.63 billion). This is...
http://www.chemweek.com/home/top_of_the_news/Samsung-confirms-sale-of-chemicals-business-to-Lotte-Chemical_74852.html
November 4, 2015
CB&I on Friday announced that it has been awarded an early-works contract by Lotte Chemical Louisiana to provide construction planning and reviews as well as early works services...
http://www.chemweek.com/home/top_of_the_news/CB-and-I-confirms-US-EG-plant-award-from-Lotte-Chemical_74857.html
November 2, 2015
The future looks good for North America’s polyolefin producers, according to analysts who spoke this week at the IHS Global Plastics Summit in Chicago....
http://www.chemweek.com/home/top_of_the_news/Positive-outlook-for-North-American-polyolefin-producers_74878.html
October 30, 2015
Mitsui Chemicals says net profits for its fiscal first half, ended 30 September 2015, nearly quadrupled compared with the year-ago period, to ¥28.5 billion ($236.2 million)...
http://www.chemweek.com/home/top_of_the_news/Mitsui-Chemicals-reports-huge-rise-in-profits_74855.html
October 30, 2015
An initial toluene contract price settlement in Europe for November at $575/m.t. indicates that for the first time since August, term toluene will price below contractual benzene. But...
http://www.chemweek.com/home/top_of_the_news/First-Europe-toluene-contract-settles-for-November-at-$575m-t-further-settlements-to-follow_74868.html
October 30, 2015
Sumitomo Chemical reports net profits of ¥60.9 billion ($504.6 million) for its fiscal first half, ended 30 September 2015, compared with net profits of ¥22.6 billion in the...
http://www.chemweek.com/home/top_of_the_news/Sumitomo-Chemical-reports-higher-profits-lower-sales_74853.html
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