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March 9, 2015
Nearly 80% of the Gulf Cooperation Council (GCC) region’s major petrochemical and chemical producers have made innovation strategy a key business priority, indicating that the...
http://www.chemweek.com/home/top_of_the_news/GCC-petrochemical-industry-moving-toward-innovative-strategies-GPCA-survey-finds_68376.html
March 9, 2015
FDA on Friday approved Zarxio (filgrastim), the first biosimilar product to be approved in the United States. Biosimilars are biological products that are approved based upon showing...
http://www.chemweek.com/home/top_of_the_news/FDA-approves-the-first-biosimilar-product-in-the-US_68385.html
March 9, 2015
Wacker Chemie announced today that it is expanding its vinyl acetate-ethylene copolymer (VAE) dispersions production facilities in the United States. The company will add a new reactor...
http://www.chemweek.com/home/top_of_the_news/Wacker-hikes-dispersions-capacity-in-the-US_68383.html
March 9, 2015
Chandra Asri (Jakarta) has confirmed that it is carrying out a preliminary study to develop a minirefinery in 2018, which is expected to ease the company’s reliance on naphtha...
http://www.chemweek.com/home/top_of_the_news/Chandra-Asri-plans-back-integration-project-confirms-maintenance-schedule_68381.html
March 9, 2015
China is expected to be the leading export destination for benzene from South Korean for a third month running in March, data obtained by IHS Chemical show. South Korea sent 27,000...
http://www.chemweek.com/home/top_of_the_news/China-to-lead-Koreas-benzene-export-destinations-for-third-straight-month_68380.html
March 9, 2015
Bayer MaterialScience said today that it is expanding its composite materials business through the acquisition of Thermoplast Composite (TCG; Langenfeld, Germany), a technology leader...
http://www.chemweek.com/home/top_of_the_news/Bayer-MaterialScience-acquires-composite-materials-company_68246.html
March 9, 2015
Huntsman says that it plans to restructure its color pigments business, and that this restructuring includes an expected headcount reduction of 120 positions. The move is part of the...
http://www.chemweek.com/home/top_of_the_news/Huntsman-to-cut-120-jobs-in-color-pigments-business_68329.html
March 9, 2015
Jurong Aromatics Corp. (JAC, Singapore) is preparing to restart its integrated petrochemical plant at Jurong Island, Singapore, having finished maintenance and modification work...
http://www.chemweek.com/home/top_of_the_news/Jurong-Aromatics-prepares-to-restart-production_68378.html
March 9, 2015
Sasol (Johannesburg) today reported its interim financial results covering the six months ended 31 December 2014. Earnings attributable to shareholders rose 54%, to 19.5 billion South...
http://www.chemweek.com/home/top_of_the_news/Sasol-reports-strong-operational-performance_68379.html
March 6, 2015
The European Union’s environment ministers have today agreed to the planned contributions of the European Union and its member states for the new climate protection agreement to...
http://www.chemweek.com/home/top_of_the_news/Europe-agrees-on-climate-protection-goals-for-Paris-conference_68366.html
March 6, 2015
Spot styrene and benzene prices in Asia spiked as much as 12% and 14%, respectively, week-on-week today following the return of market participants in China after their Lunar New Year...
http://www.chemweek.com/home/top_of_the_news/Asia-styrene-benzene-prices-spike-12-14-percent-this-week_68362.html
March 6, 2015
The United Steelworkers (USW; Pittsburgh) union and Royal Dutch Shell have confirmed that they will meet again in Houston on 9 March. Scheduling of the meeting for next week came one...
http://www.chemweek.com/home/top_of_the_news/USW-strike-Day-33-USW-and-Shell-to-meet-on-Monday_68355.html
March 6, 2015
OCI NV (Amsterdam) has confirmed that the previously announced demerger of its fertilizers and chemicals business from the construction activities is expected to take place through a...
http://www.chemweek.com/home/top_of_the_news/OCI-confirms-demerger-details-of-fertilizers-and-chemicals-from-engineering-and-construction_68361.html
March 6, 2015
Precious metals recycling company Asahi Holdings (Tokyo) says that on 5 March, it completed the previously announced acquisition of Johnson Matthey’s gold and silver refining...
http://www.chemweek.com/home/top_of_the_news/Asahi-Holdings-completes-purchase-of-Johnson-Mattheys-gold-and-silver-refining-business_68358.html
March 5, 2015
Petrobras has confirmed that it plans to divest about $13.7 billion of assets in 2015-16. The planned divestments are a revision of Petrobras's previous plan—announced in...
http://www.chemweek.com/home/top_of_the_news/Petrobras-raises-divestment-target-to-$13-7-billion_68341.html
March 5, 2015
Trinseo reports a net loss for the fourth quarter of $30 million, down from a net profit of $11 million in the year-ago quarter, largely the result of inventory revaluation driven by declining crude oil prices. Sales totaled $1.12 billion, down 10% year-over-year (YOY) from $1.24 billion on lower raw material costs and currency effects. Adjusted earnings came to a loss of 48 cents/share, below analysts’ consensus estimate of a 13-cts/share loss....
http://www.chemweek.com/home/top_of_the_news/Trinseo-swings-to-loss-on-inventory-revaluation-misses-estimates_68342.html
March 5, 2015
CB&I today announced an award of a $60 million contract by JGSK JV, a joint venture between JGC Corp., GS E&C and SK E&C. The project scope includes the engineering...
http://www.chemweek.com/home/top_of_the_news/CB-and-I-awarded-storage-tank-contract-in-Kuwait_68340.html
March 5, 2015
Uralkali (Berezniki, Russia), one of the world’s largest potash producers, today published its audited financial results for the full year ended 31 December 2014. Production was...
http://www.chemweek.com/home/top_of_the_news/Uralkali-reports-higher-production-in-2014-speeds-up-development-of-additional-potash-deposits_68337.html
March 5, 2015
With an industry strike at 14 refineries and chemical plants across the United States still in place, elevated discussions on a national level between the United Steelworkers (USW...
http://www.chemweek.com/home/top_of_the_news/USW-strike-Day-32-National-level-discussions-end-without-agreement-in-place_68325.html
March 5, 2015
Arkema today reported its fourth-quarter and full-year 2014 results and provided guidance for 2015. Fourth quarter Ebitda, characterized by year-end seasonality, was flat at €162...
http://www.chemweek.com/home/top_of_the_news/Arkema-reports-lower-sales-and-profits-confirms-mid-and-long-term-targets_68330.html
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