IHS Chemical Week

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January 29, 2014
Phillips 66 (Houston) reports that fourth-quarter earnings for the chemicals segment, its 50% stake in Chevron Phillips Chemical (CPChem), increased 6% year-on-year (YOY), or $15 million, to $261 million. The company cites gains in CPChem’s olefins and polyolefins business and joint ventures, offset by results in the specialties, aromatics, and styrenics business....
http://www.chemweek.com/home/top_of_the_news/Phillips-66-chemical-earnings-up-6-percent-YOY-on-olefins-polyolefins_58395.html
January 29, 2014
The Taiwanese government earlier this week approved construction of a $15-billion refinery and petrochemical project on mainland China under certain conditions, CW has learned. The...
http://www.chemweek.com/home/top_of_the_news/Taiwan-conditionally-approves-petchems-project-on-mainland-China_58380.html
January 29, 2014
Praxair today announced its fourth-quarter earnings, showing gains due to strength in North American markets and the energy industry, specifically hydrogen plants. Net income was $474...
http://www.chemweek.com/home/top_of_the_news/Praxair-earnings-up-on-strength-in-energy-announces-share-repurchase-program_58392.html
January 29, 2014
PolyOne announced its fourth-quarter earnings, which feature organic growth across all platforms. Net income increased almost seven-fold, to $24.6 million—partially due to the...
http://www.chemweek.com/home/top_of_the_news/PolyOne-sales-earnings-up-on-Spartech-acquisition_58378.html
January 29, 2014
Hengyi Industries (Hangzhou, China) and the Brunei Economic Development Board (BEDB) have signed a land lease agreement for a previously announced integrated oil refinery and aromatics...
http://www.chemweek.com/home/top_of_the_news/Hengyi-and-Brunei-sign-land-lease-agreement-for-refinery-and-petchems-complex_58383.html
January 28, 2014

BASF plans to build a methylglycinediacetic acid plant at Evonik’s Theodore, AL, site, citing strong demand for chelating agent. The investment will total about $90 million, and start-up is planned for second-half 2015.

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http://www.chemweek.com/home/top_of_the_news/BASF-to-build-chelating-agent-plant-at-Evoniks-Theodore-AL-site_58357.html
January 28, 2014
DuPont has doubled fourth quarter profits and beat analysts’ estimates as its agricultural segment swung to profit in what is normally a seasonally weak quarter. The company...
http://www.chemweek.com/home/top_of_the_news/DuPont-profits-double-plans-$5-billion-share-buyback_58356.html
January 28, 2014
Kraton Performance Polymers has entered into a definitive agreement to combine with the styrenic block copolymer (SBC) operations of LCY Chemical (Taipei), which had been earlier known...
http://www.chemweek.com/home/top_of_the_news/Kraton-to-merge-with-styrenic-block-copolymer-business-of-LCY-Chemical_58351.html
January 28, 2014
Borouge announced today that it has signed a contract with the Abu Dhabi Petroleum Ports Operating Co. (Irshad), one of Abu Dhabi National Oil Co.’s subsidiaries, to handle...
http://www.chemweek.com/home/top_of_the_news/Irshad-to-handle-Borouges-port-container-yard-services_58350.html
January 28, 2014
Wacker Chemie today announced that it has agreed with an unnamed polysilicon customer to adjust volumes and prices. Wacker will continue to supply the customer with hyperpure...
http://www.chemweek.com/home/top_of_the_news/Wacker-adjusts-solar-polysilicon-contract-to-reflect-market-conditions_58374.html
January 28, 2014
Yara International announced today that it has entered into shipbuilding contracts with Hyundai Mipo Dockyard for the construction and delivery of three 20,600–cubic meters...
http://www.chemweek.com/home/top_of_the_news/Yara-invests-in-ammonia-vessels-seeks-shipping-management-partners_58349.html
January 28, 2014
Shin-Etsu Chemical reports a 10.9% rise in net profits for the nine-month period ended 31 December 2013 compared with the year-ago period, to ¥92.53 billion ($901.8 million). Sales...
http://www.chemweek.com/home/top_of_the_news/Shin-Etsu-reports-rise-in-profits-and-sales_58348.html
January 28, 2014
Eastman Chemical (Kingsport, TN) has agreed to acquire BP’s $100-million/year global aviation turbine engine oil business, Eastman announced on 28 January. The acquisition will expand Eastman’s aviation products portfolio, which currently comprises its Skydrol aviation hydraulic fluids. Financial terms of the deal, which is expected to close in the second quarter, have not been disclosed....
http://www.chemweek.com/home/top_of_the_news/Eastman-buys-BPs-aviation-turbine-oil-business_58361.html
January 28, 2014
Air Products reported net income $287 million, up 4% year-over-year (YOY) on gains in its electronics and performance materials, and equipment and energy segments. Reported earnings of...
http://www.chemweek.com/home/top_of_the_news/Air-Products-earnings-up-on-strong-electronics-and-performance-materials_58359.html
January 27, 2014

Olin reported fourth quarter net income of $24.7 million, down 29% year-over-year (YOY), on sales of $562.1 million, down 4% YOY. Reported earnings fell 28% YOY to 31 cts/diluted share, but equaled the analyst consensus.

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http://www.chemweek.com/home/top_of_the_news/Olin-earnings-fall-on-weaker-chlor-alkali-but-meet-estimates_58346.html
January 27, 2014
Ashland posted net income from continuing operations of $111 million for the quarter ended 31 December—up 9% year-over-year (YOY) on higher volumes in each of its units. Earnings...
http://www.chemweek.com/home/top_of_the_news/Ashland-reports-flat-sales-announces-restructuring_58347.html
January 27, 2014
Lanxess says that executive chairman Axel Heitmann has agreed to resign “by mutual agreement,” effective 28 February. The supervisory board has appointed Matthias Zachert, former chief financial officer (CFO) of Lanxess and current CFO at Merck KGaA, as Heitmann’s successor, effective 15 May 2014. Until Zachert joins, Lanxess CFO Bernhard Duettmann will perform the responsibilities of board chairman....
http://www.chemweek.com/home/top_of_the_news/Lanxess-chief-executive-Heitmann-to-step-down-former-CFO-Zachert-named-next-CEO-updated_58319.html
January 27, 2014
Argentina's basic chemicals output in December 2013 fell 4.7% year-on-year (YOY), according to the latest figures released by state statistic office Indec (Buenos Aires). Production...
http://www.chemweek.com/home/top_of_the_news/Argentinas-basic-chemical-output-down-4-7-percent-in-December_58329.html
January 27, 2014
LG Chem reports a 39.5% decline in net profits for the fourth quarter of 2013 compared with the year-ago period, to 176.9 billion South Korean won ($163.3 million). Fourth-quarter...
http://www.chemweek.com/home/top_of_the_news/LG-Chem-reports-falls-in-profits-sales_58327.html
January 27, 2014
Sabic says it has increased the supply of steam to its neighbor Cargill at the Bergen op Zoom, Netherlands, site after three decades of collaboration. Bergen op Zoom is the site of the...
http://www.chemweek.com/home/top_of_the_news/Sabic-increases-supply-of-steam-to-Cargill-at-Dutch-site_58326.html
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