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October 20, 2014

BASF Total Petrochemical’s metathesis-based propylene unit in Port Arthur, TX, has restarted after a catalyst change, according to market sources. LyondellBasell’s two metathesis units at Channelview, TX, are also likely to have restarted, given lower ethylene prices, says IHS Chemical.

...

http://www.chemweek.com/home/top_of_the_news/BASF-Totals-propylene-unit-back-online-after-catalyst-change_64622.html
October 20, 2014
Celanese has acquired Cool Polymers (North Kingstown, RI), a compounder of conductive polymers. Celanese says the acquisition will expand its position in light-emitting diodes (LEDs), thermal management and electrical conductivity. Terms of the deal were not disclosed....
http://www.chemweek.com/home/top_of_the_news/Celanese-acquires-Cool-Polymers_64621.html
October 20, 2014
Rosneft’s chairman Igor Sechin and Marco Tronchetti Provera, Pirelli’s chairman, have signed a memorandum of understanding, which will lead to the production and sales of...
http://www.chemweek.com/home/top_of_the_news/Rosneft-and-Pirelli-sign-MOU-to-develop-synthetic-rubber-production-in-Russias-Far-East_64599.html
October 20, 2014
LG Chem (Seoul) today reported a major drop in third-quarter earnings. Net profit plunged 34.2%, to 231.9 billion South Korean won ($218.8 million), the company says in a filing to the...
http://www.chemweek.com/home/top_of_the_news/LG-Chems-third-quarter-earnings-tumble_64598.html
October 20, 2014
Mitsubishi Chemical plans to restructure its money-losing purified terephthalic acid (PTA) business, according to Yoshimitsu Kobayashi, president and CEO of Mitsubishi Chemical...
http://www.chemweek.com/home/top_of_the_news/Mitsubishi-Chemical-to-restructure-PTA-business_64596.html
October 20, 2014
Platform Specialty Products has agreed to acquire Arysta LifeScience, a maker of agrochemical and biological products, from private equity firm Permira for approximately $3.51 billion...
http://www.chemweek.com/home/top_of_the_news/Platform-to-acquire-Arysta-for-$3-5-billion_64606.html
October 20, 2014
Ineos, which has already acquired two licenses to explore for shale gas in the United Kingdom, is bidding for more licenses, according to Tom Crotty, group director at Ineos. Crotty...
http://www.chemweek.com/home/top_of_the_news/Ineos-ups-the-ante-on-UK-shale-exploration_64595.html
October 20, 2014
Industries Qatar (IQ; Doha), which holds interest in petrochemicals, fertilizers and steel producing companies in Qatar, today reported improved third-quarter and nine-months results...
http://www.chemweek.com/home/top_of_the_news/Industries-Qatar-reports-improved-results-studies-new-petchem-complex_64601.html
October 17, 2014
Honeywell says that third-quarter performance materials and technologies segment profit was $444 million, up 8% year-on-year....
http://www.chemweek.com/home/top_of_the_news/Honeywell-performance-materials-profit-up-8-percent_64579.html
October 17, 2014
Europe’s chemical industry is reinventing itself to stay competitive as high energy prices continue to cripple the sector and its share of the global market declines. This...
http://www.chemweek.com/home/top_of_the_news/Cefic-Industry-reinvents-itself-to-be-more-competitive-growth-this-year-will-be-lower_64592.html
October 17, 2014
BASF says it today inaugurated its expanded mobile emissions catalysts manufacturing operation at Shanghai. The previously announced expansion project doubles the company’s...
http://www.chemweek.com/home/top_of_the_news/BASF-opens-expanded-mobile-emissions-catalysts-manufacturing-facility-at-Shanghai_64541.html
October 17, 2014
Kuraray says that it has reached an agreement to sell the European polyvinyl butyral (PVB) film business formerly owned by DuPont, including the production facility at Uentrop...
http://www.chemweek.com/home/top_of_the_news/Kuraray-to-sell-former-DuPont-European-PVB-film-business-to-Luxembourg-based-firm-GVC_64577.html
October 17, 2014
Chesapeake Energy (Oklahoma City) says it has agreed to sell assets in the southern Marcellus Shale and a portion of the eastern Utica Shale to Southwestern Energy (Houston) for...
http://www.chemweek.com/home/top_of_the_news/Southwestern-Energy-to-buy-Marcellus-Utica-Shale-assets-from-Chesapeake-for-$5-4-billion_64576.html
October 17, 2014
The recently constructed Vantage pipeline will support overall hydrocarbon recovery at the Bakken Shale in North Dakota by decreasing flaring, IHS Energy says. Total wet gas production...
http://www.chemweek.com/home/top_of_the_news/IHS-Energy-Vantage-pipeline-to-support-hydrocarbon-recovery-at-Bakken-Shale_64572.html
October 16, 2014
“Although we identified very significant operational and structural synergies, we were ultimately unable to agree on terms of a transaction that met the requirements of all our respective shareholders,” says Tony Will, CF president and CEO....
http://www.chemweek.com/home/top_of_the_news/CF-and-Yara-end-merger-talks_64570.html
October 16, 2014
The company cut full-year guidance, citing weakness in aerospace and additives....
http://www.chemweek.com/home/top_of_the_news/Cytec-net-income-jumps-22-percent_64568.html
October 16, 2014
PPG Industries today reported stronger third-quarter net income, with growth across most business segments and regions. Net income of $377 million grew 84% year-on-year (YOY) on sales up 4% YOY, to $3.9 billion. Adjusted earnings per share of $2.82/share were above analyst estimates of $2.75/share, as reported by Thomson Reuters (New York). Adjusted net income, excluding nonrecurring items, was $394 million, up 17% YOY....
http://www.chemweek.com/home/top_of_the_news/PPG-reports-adjusted-earnings-up-17-percent_64557.html
October 16, 2014
Borealis said today that it has secured financing for its investment in R&D into plastic materials at several of its facilities. The KfW IPEX-Bank loan of €75 million ($95.7...
http://www.chemweek.com/home/top_of_the_news/Borealis-secures-financing-for-R-and-D-into-plastic-materials_64555.html
October 16, 2014
BASF has appointed Gerry Podesta as the senior v.p./dispersions and pigments, North America effective 1 November. Podesta succeeds Derek Fairclough, who will lead BASF’s...
http://www.chemweek.com/home/top_of_the_news/BASF-appoints-senior-v-p-leads-in-North-America_64554.html
October 16, 2014
Kemira is making a multimillion-euro investment to expand its process and functional chemicals lines at San Giorgio, Italy. Production is scheduled to start at the beginning of 2015...
http://www.chemweek.com/home/top_of_the_news/Kemira-invests-in-functional-chemicals-in-Italy_64552.html
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