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October 29, 2015
Total says that adjusted net operating income in the company's refining and chemicals business jumped 82% in the third quarter, compared with the corresponding period of last year, to...
http://www.chemweek.com/home/top_of_the_news/Totals-refining-chemicals-income-almost-doubles_74776.html
October 29, 2015
Air Products reported adjusted net income of $397 million for its fiscal fourth quarter ended 30 September, up 11% versus year-on-year (YOY). Reported earnings of $1.82/share were up 10% YOY and 2 cts above analyst estimates as reported by Thomson Reuters (New York). Sales of $2.5 billion decreased 9% YOY on unfavorable currency impacts and lower energy pass-through costs. Overall volumes were unchanged YOY as industrial gases Asia and the liquified natural gas (LNG) equipment business grew while materials technologies and Americas industrial gases volumes were lower....
http://www.chemweek.com/home/top_of_the_news/Air-Products-net-income-up-11-percent-on-flat-volumes_74775.html
October 29, 2015
Solvay reports €115 million ($126.9 million) in net income for the third quarter, down 15.5% year-on-year (YOY). Recurring Ebitda (Rebitda) was nevertheless up 14.4% YOY, to...
http://www.chemweek.com/home/top_of_the_news/Solvays-third-quarter-net-income-contracts-15-5-percent_74772.html
October 29, 2015
Yara International (Oslo) says that it has acquired 100% of the shares in Apache Fertilisers, which holds Apache Corp.’s (Houston) 49% stake in Yara Pilbara Holdings Ltd. (YPHL...
http://www.chemweek.com/home/top_of_the_news/Yara-acquires-full-ownership-of-ammonia-plant-in-Australia-Update_74761.html
October 29, 2015
BASF says it is planning to start production of diethylhexyl terephthalate Palatinol DOTP in North America in 2017 by investing in dedicated production facilities at Pasadena, TX. The...
http://www.chemweek.com/home/top_of_the_news/BASF-to-convert-Pasadena-plasticizer-unit-to-Palatinol-DOTP_74769.html
October 29, 2015
ExxonMobil said on Thursday that it would expand the hydrocracker unit at its Esso Nederland refinery based at Rotterdam to upgrade heavier byproducts into cleaner, higher-value...
http://www.chemweek.com/home/top_of_the_news/ExxonMobil-to-expand-hydrocracker-at-Rotterdam_74768.html
October 29, 2015
Wacker Chemie on Thursday reported a 23.9% decline in third-quarter Ebitda to €264.3 million ($289.1 million) on 10.2% higher sales of €1.36 billion. Wacker has confirmed its...
http://www.chemweek.com/home/top_of_the_news/Wacker-Chemie-reports-decline-in-profits-higher-sales-confirms-outlook_74767.html
October 29, 2015
Bayer on Thursday announced increases in its third-quarter sales and profits but it has downgraded its outlook for the whole of 2015. Recently separated Covestro, formerly Bayer...
http://www.chemweek.com/home/top_of_the_news/Bayer-posts-strong-third-quarter-earnings-growth-readies-new-structure_74763.html
October 28, 2015
Kraton Performance Polymers reports net income of $8.4 million down 49% due mainly to acquisition-related charges and gains in the current and year-ago quarter. Adjusted net income...
http://www.chemweek.com/home/top_of_the_news/Kraton-earnings-drop-on-acquisition-expenses_74755.html
October 28, 2015
Orion Engineered Carbons today reported third-quarter net income of €12.1 million ($13.2 million), compared with a loss of €40.8 million in the year-ago quarter. Earnings...
http://www.chemweek.com/home/top_of_the_news/Orion-Engineered-Carbons-swings-to-profit_74757.html
October 28, 2015
Linde has reported Ebit of €3.14 billion ($3.47 billion) in the first nine months of this year, compared with €2.90 billion in the corresponding period a year ago, an...
http://www.chemweek.com/home/top_of_the_news/Linde-posts-increase-in-profit-sales-in-first-nine-months_74720.html
October 28, 2015
Samsung Engineering has been awarded an early-works contract by Lotte Chemical (Seoul) for a standalone 700,000-m.t./year ethylene glycol (EG) plant to be built alongside a steam...
http://www.chemweek.com/home/top_of_the_news/Samsung-Engineering-awarded-Lotte-EG-plant-contract-in-the-US_74717.html
October 28, 2015
The US Senate has joined the House of Representatives in passing legislation that gives railroads three more years to complete the implementation of positive train control (PTC), according to the Association of American Railroads (AAR)....
http://www.chemweek.com/home/top_of_the_news/US-Senate-sends-PTC-deadline-extension-to-the-President_74751.html
October 28, 2015
AkzoNobel is tilting its focus toward continuous improvement and organic growth, having accomplished the bulk of a heavy restructuring that the company launched in 2012, says CEO Ton...
http://www.chemweek.com/home/top_of_the_news/AkzoNobel-targets-organic-growth-continuous-improvement_74736.html
October 28, 2015
OxyChem, the chemical business of Occidental Petroleum (Houston), turned in pre-tax core earnings of $174 million during the third quarter, up 26% year-over-year (YOY), says the company. Revenues totaled $1.008 billion, down 18% YOY. Occidental attributes the earnings gain to lower ethylene and energy costs, partially offset by lower sales prices and volumes across most product lines...
http://www.chemweek.com/home/top_of_the_news/OxyChem-earnings-up-26-percent-YOY-revenues-down-18-percent_74730.html
October 28, 2015
Technip announced on Wednesday that it has entered into a contract to supply its proprietary ethylene technology and process design package to an American subsidiary of PTT Global...
http://www.chemweek.com/home/top_of_the_news/Technip-confirms-US-ethylene-technology-award-from-PTTGC_74716.html
October 28, 2015
SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok), says that net profits increased 63% in the third quarter of 2015 compared with the year-ago quarter, to 6.83...
http://www.chemweek.com/home/top_of_the_news/Siam-Cements-chemicals-business-reports-higher-third-quarter-profits-appoints-new-CEO_74714.html
October 28, 2015
EuroChem (Zug, Switzerland), a leading global fertilizer company, said on Wednesday that its subsidiary EuroChem Trading USA has acquired Ben-Trei Fertilizer Co. (Tulsa, OK) a US-based...
http://www.chemweek.com/home/top_of_the_news/EuroChem-acquires-US-fertilizer-distributor-Ben-Trei-Fertilizer_74722.html
October 28, 2015
Mitsui & Co. (Tokyo) today announced that it has reached an agreement with Dow Chemical to sell its share in their 50-50 joint venture company, Santa Vitória...
http://www.chemweek.com/home/top_of_the_news/Dow-to-buy-out-Mitsui-and-Co-in-Brazil-bioethanol-JV-for-$200-million_74719.html
October 28, 2015
Ineos on Wednesday announced that it has acquired a 25% interest in the Clipper South gas field from Fairfield Energy Holdings. The deal follows an agreement on 11 October to acquire...
http://www.chemweek.com/home/top_of_the_news/Ineos-acquires-further-interests-in-North-Sea-gas-fields_74718.html
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