IHS Chemical Week

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April 30, 2015
LyondellBasell told analysts at an investor meeting in New York on 29 April that announced expansion projects have the potential add $1.5 billion in incremental earnings before interest, taxes, depreciation and amortization (Ebitda) once completed in 2019 based on current market economics....
http://www.chemweek.com/home/top_of_the_news/LyondellBasell-says-projects-will-add-$1-5-billion-in-Ebitda-by-2019_69986.html
April 30, 2015
Kraton Performance Polymers reports a first-quarter net loss of $9.5 million, down from a net loss of $7.9 million in the year-ago period. Revenue fell 16% year-over-year (YOY) to $261.4 million. Adjusted earnings more than doubled YOY, to $49.2 million, or 76 cents/share, versus 33 cts/share in the year-ago period....
http://www.chemweek.com/home/top_of_the_news/Kraton-reports-first-quarter-earnings-gains-on-butadiene-costs-net-loss-widens_69979.html
April 30, 2015
ExxonMobil reports first-quarter earnings for its chemical segment of $982 million, down 6% year-over-year (YOY) from $1.047 billion. Weaker results in the United States, where earnings declined 11%, to $605 million, more than offset stronger results abroad, where earnings increased 2.4%, to $377 million....
http://www.chemweek.com/home/top_of_the_news/ExxonMobil-chemical-earnings-down-on-weaker-US-results_69977.html
April 30, 2015
PotashCorp reports net income up 8.8% year-on-year (YOY), to $370 million, but lowered its full-year outlook as results did not meet expectations and higher provincial potash taxes are...
http://www.chemweek.com/home/top_of_the_news/PotashCorp-misses-estimates-lowers-outlook_69981.html
April 30, 2015
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) says it has finalized the front-end engineering design for a project to build its Liwa Plastics Industries...
http://www.chemweek.com/home/top_of_the_news/Orpic-completes-FEED-on-Liwa-Plastics-Industries-Complex_69956.html
April 30, 2015
Tokuyama (Tokyo) reports a net loss of ¥65.3 billion ($556.3 million) in the  fiscal year ended 31 March 2015 compared with a net profit of ¥10.2 billion in the previous...
http://www.chemweek.com/home/top_of_the_news/Tokuyama-reports-huge-loss_69955.html
April 30, 2015
Cargill says it has acquired the fermentation-based processes and systems of OPX Biotechnologies (OPXBio), a Boulder, CO-based industrial biotechnology firm. Financial terms were not...
http://www.chemweek.com/home/top_of_the_news/Cargill-acquires-OPX-Biotechnologies-fermentation-technology-UPDATED_69947.html
April 30, 2015
SK Global Chemical, the petrochemical business of SK Innovation (Seoul), formerly SK Energy, reports a 27% rise in operating profits for the first quarter of 2015 compared with the...
http://www.chemweek.com/home/top_of_the_news/SK-Global-Chemical-reports-rise-in-operating-profits_69954.html
April 30, 2015
EuroChem (Zug, Switzerland), a leading producer of fertilizers and fertilizer raw materials, today unveiled a new project to invest in a phosphate ore processing facility at Kovdor, on...
http://www.chemweek.com/home/top_of_the_news/EuroChem-launches-new-phosphate-raw-material-project-outlines-strategy_69883.html
April 30, 2015
Shell's chemical sales volumes declined 2% in the first quarter compared with the corresponding period of last year, to 4.19 million m.t., the company says. The decrease is mainly a...
http://www.chemweek.com/home/top_of_the_news/Shells-chemical-volumes-down-on-Moerdijk-outage_69967.html
April 30, 2015
Synthomer (Harlow, UK) today issued a trading update for the first quarter ended 31 March 2015. Trading in the first quarter has been in line with the board's expectations at the time...
http://www.chemweek.com/home/top_of_the_news/Synthomer-provides-trading-update-plans-nitrile-capacity-hike_69963.html
April 29, 2015
Ferro announced today it has agreed to acquire Nubiola Pigmentos (Barcelona), a maker of specialty inorganic pigments, for €146 million ($162.3 million). Nubiola is the...
http://www.chemweek.com/home/top_of_the_news/Ferro-to-acquire-Spanish-pigments-firm_69950.html
April 29, 2015
Sinopec’s chemicals segment reports an operating profit of 3.06 billion renminbi ($493.6 million) in the first quarter of 2015 compared with an operating loss of Rmb1.34 billion...
http://www.chemweek.com/home/top_of_the_news/Sinopecs-chemicals-segment-swings-to-profit-in-first-quarter_69931.html
April 29, 2015
Invista says that it restarted its 400,000-m.t./year adiponitrile plant at Victoria, TX, on 22 April and resumed downstream production of hexamethylenediamine on 23 April. “It is too early to determine when the force majeure will be lifted, but the facility is in the process of ramping up to full rates,” the company says....
http://www.chemweek.com/home/top_of_the_news/Invista-restarts-Victoria-adiponitrile-HMDA-units-force-majeure-remains-in-effect_69929.html
April 29, 2015
The No. 2 steam cracker of Total's Antwerp olefins subsidiary is still not running, the company has confirmed. Force majeure has been declared for all major products, the company...
http://www.chemweek.com/home/top_of_the_news/Total-confirms-Antwerp-cracker-not-running-declares-force-majeure-across-all-major-products_69928.html
April 29, 2015
Saudi Arabia’s King Salman, in a sweeping cabinet shakeup, today appointed Khalid Al Falih, Saudi Aramco president and CEO, as the country's health minister, Saudi state...
http://www.chemweek.com/home/top_of_the_news/Saudi-king-shuffles-cabinet-Aramco-CEO-appointed-health-minister_69924.html
April 29, 2015
Dow Corning reports net income for the first quarter of $185 million, down 3.1% year-on-year (YOY) from $191 million. Sales totaled $1.36 billion, down 11% YOY. The declines reflect fewer polysilicon shipments to long-term contract customers, says J. Donald Sheets, the company’s executive v.p. and CFO. “These contracts have a degree of variability when customers take their product, and recent order patterns have resulted in customer orders being concentrated in the fourth quarter," he says....
http://www.chemweek.com/home/top_of_the_news/Dow-Cornings-sales-and-earnings-down_69926.html
April 29, 2015
Praxair reports first-quarter net income $416 million, down 7.1% from the year-ago quarter because of currency impacts. Reported earnings of $1.43/share were down 5.2% year-on-year. Praxair has cut its full-year 2015 earnings forecast to $5.90–6.15/share, 5% lower at the midpoint compared with the company’s previous forecast, released in January.
...

http://www.chemweek.com/home/top_of_the_news/Praxair-earnings-fall-7-percent-on-currency-impact_69925.html
April 29, 2015
DSM recorded a net loss of €70 million ($76.4 million) after exceptional items in the first quarter. Total exceptional items in the quarter amounted to €163 million before...
http://www.chemweek.com/home/top_of_the_news/DSM-records-a-net-loss-on-impairment-charge_69920.html
April 29, 2015
Crude oil price swings in recent months, combined with a devalued euro, have created a volatile, but profitable marketplace for Europe’s petrochemical producers, according to...
http://www.chemweek.com/home/top_of_the_news/IHS-Declining-oil-prices-devalued-euro-create-volatile-but-profitable-market-for-Europes-chemical-producers_69885.html
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