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January 20, 2014
BASF's first Ultrason plant outside of Germany. BASF says that it has opened its previously announced new plant at Yeosu, South Korea, to strengthen the supply of Ultrason...
http://www.chemweek.com/home/top_of_the_news/BASF-opens-Ultrason-polyarylsulfone-plant-in-South-Korea_58112.html
January 20, 2014
Sabic on Sunday reported a 5.7% increase in fourth-quarter net profit, to 6.16 billion Saudi riyals ($1.64 billion). Gross profit was 1% higher, at SR13.82 billion, while operating...
http://www.chemweek.com/home/top_of_the_news/Sabic-reports-higher-fourth-quarter-and-full-year-earnings_58111.html
January 20, 2014
Uralkali (Berezniki, Russia) says that its Uralkali Trading subsidiary has reached an agreement on potash deliveries to China in the first half of 2014 at $305/m.t. cfr. The price...
http://www.chemweek.com/home/top_of_the_news/Uralkali-export-contract-to-China-confirms-slide-in-potash-prices_58125.html
January 20, 2014
Ineos announced today that Vung Ro Petroleum has selected the Innovene polypropylene (PP) technology for a 900,000-m.t./year PP plant to be built in Vietnam. The facility will be built...
http://www.chemweek.com/home/top_of_the_news/Ineos-licenses-PP-technology-for-a-large-plant-in-Vietnam_58121.html
January 20, 2014
Industries Qatar (IQ; Doha) on Sunday announced a tentative shutdown schedule for its manufacturing facilities during the first quarter. IQ’s shutdown timetable in the first...
http://www.chemweek.com/home/top_of_the_news/Industries-Qatar-plans-lengthy-plant-closures-in-first-quarter_58118.html
January 20, 2014
Tecnimont (Milan), the main operating company of Maire Tecnimont, has signed engineering contracts with EuroChem (Moscow), Russia’s largest fertilizer producer. The agreements...
http://www.chemweek.com/home/top_of_the_news/Tecnimont-awarded-contracts-for-two-fertilizer-plants-in-Russia_58117.html
January 20, 2014
Airbus, Fokker, and TenCate will this evening sign a contract for the next stage of the Thermoplastic Affordable Primary Aircraft Structure innovation program (Tapas). The signing will...
http://www.chemweek.com/home/top_of_the_news/French-president-and-Dutch-prime-minister-to-witness-signing-of-Tapas-innovation-program_58115.html
January 20, 2014
Saudi Kayan, a Sabic affiliate; Alujain, parent of polypropylene (PP) producer Natpet; Sipchem; and Saudi Chemical Co., have announced better earning results in the fourth quarter of...
http://www.chemweek.com/home/top_of_the_news/Saudi-firms-announce-improved-fourth-quarter-earnings_58124.html
January 20, 2014
BASF and the Graphene Research Centre (GRC) at the National University of Singapore (NUS) have partnered to develop the use of graphene in organic electronic devices, such as organic...
http://www.chemweek.com/home/top_of_the_news/BASF-and-University-of-Singapore-partner-in-graphene-research_58114.html
January 17, 2014
Plextronics, a producer of conductive polymers, has filed for bankruptcy and requested authorization from the US Bankruptcy Court to pursue a sale by auction, the company announced on 17 January. Solvay has agreed to place the stalking-horse bid, which sets a minimum price for the acquisition....
http://www.chemweek.com/home/top_of_the_news/Solvay-makes-$32-6-million-bid-for-bankrupt-Plextronics_58110.html
January 17, 2014
Reliance Industries says net profits for its fiscal third quarter, ended 31 December 2013, increased 0.2% compared with the same period of the previous year, to about 55.11 billion...
http://www.chemweek.com/home/top_of_the_news/Reliance-Industries-reports-a-slight-increase-in-profits_58092.html
January 17, 2014
Nova Chemicals marked the introduction of ethane from the Marcellus shale region to its Corunna, ON steam cracker with a ceremony held on 16 January. "This is a critical component to our Nova 2020 growth strategy of capitalizing on new feedstock sources to meet our current needs and expanding customer demands,” says CEO Randy Woelfel. Nova began feeding Marcellus ethane to the Corunna cracker in December....
http://www.chemweek.com/home/top_of_the_news/Nova-marks-introduction-of-Marcellus-ethane-to-Corunna-cracker_58038.html
January 17, 2014
The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim; Oslo) has indicted one Yara employee as a result of its...
http://www.chemweek.com/home/top_of_the_news/Yara-employees-indicted-in-possible-corruption-case_58088.html
January 17, 2014
Alpek (San Pedro Garza García, Mexico), a subsidiary of Grupo Alfa (Monterrey, Mexico), and United Petrochemical Co. (UPC; Moscow), a subsidiary of Sistema (Moscow), the largest...
http://www.chemweek.com/home/top_of_the_news/Alpek-and-United-Petrochemical-form-RusPETF-joint-venture_58087.html
January 17, 2014
Petroleos Mexicanos (Pemex) has announced the acquisition of Agro Nitrogenados’ urea manufacturing asset, which it plans to reactivate and revamp. The company says it will spend...
http://www.chemweek.com/home/top_of_the_news/Pemex-to-spend-$475-million-on-urea-plant-in-Mexico_58085.html
January 16, 2014
Odebrecht (Salvador, Brazil), the majority shareholder in Braskem, has closed the previously reported acquisition of Sabic's site at Washington, WV, local media reports say. The...
http://www.chemweek.com/home/top_of_the_news/Reports-Odebrecht-buys-Sabics-site-in-West-Virginia_58009.html
January 16, 2014
Formosa Plastics is planning to invest in a new ethylene plant in Louisiana using shale gas feedstock, according to local reports citing Formosa Plastics’ chairman Lee...
http://www.chemweek.com/home/top_of_the_news/Formosa-Plastics-plans-to-build-ethylene-plant-in-Louisiana_57973.html
January 16, 2014
PPG today reported fourth-quarter net income from continuing operations up 33% year-on-year (YOY), to $254 million, or $1.78/share, on sales up 14%, to $3.7 billion. Adjusted earnings...
http://www.chemweek.com/home/top_of_the_news/PPG-earnings-up-33-percent-beat-estimates-as-volumes-rise_58010.html
January 16, 2014
Sasol today commissioned its new ethylene purification facility at Sasolburg. The company’s CEO, David Constable; and the South African minister of trade and industry, Rob...
http://www.chemweek.com/home/top_of_the_news/Sasols-new-ethylene-splitter-will-lead-to-PE-capacity-hike_57946.html
January 16, 2014
Sahara Petrochemical today reported a huge increase in quarterly profits citing improved performance at its Al Waha polypropylene (PP) production affiliate, which in the past was...
http://www.chemweek.com/home/top_of_the_news/Saudi-polypropylene-producers-Sahara-and-Advanced-report-large-increase-in-profits_58008.html
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