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October 15, 2015
While ag and crop nutrient markets may be distressed in 2015, investment management and research firm Bernstein Research predicts that the demand weakness for potash may be temporary...
http://www.chemweek.com/home/top_of_the_news/Bernstein-predicts-Mosaic-PotashCorp-to-outperform-despite-softer-markets_74382.html
October 13, 2015
Ineos said Tuesday that it expects ethylene unit #2 at its Chocolate Bayou facility in Alvin, TX, to be back online within the next couple of weeks, following an outage in mid-September....
http://www.chemweek.com/home/top_of_the_news/Ineos-expects-to-restart-Chocolate-Bayou-ethylene-unit-in-2-3-weeks_74372.html
October 13, 2015
Merck KGaA (Darmstadt, Germany) on Tuesday said that its board has appointed Stefan Oschmann as the new chairman of the executive board and CEO. The appointment will take effect with...
http://www.chemweek.com/home/top_of_the_news/Merck-KGaA-names-new-CEO_74369.html
October 13, 2015
Fluor announced on Tuesday that its joint venture team was selected by Kuwait National Petroleum Co. (KNPC) as the preferred bidder for two engineering, procurement, and construction...
http://www.chemweek.com/home/top_of_the_news/Fluor-confirms-$2-6-billion-refinery-award-in-Kuwait_74368.html
October 13, 2015
Jubail Chemical Industries Co. (Jana), an affiliate of Nama Chemicals (Al Jubail), has signed a five-year agreement with Huntsman covering the marketing of epoxy resins from...
http://www.chemweek.com/home/top_of_the_news/Huntsman-to-market-Jubail-Chemical-Industries-epoxy-resins-in-Europe_74366.html
October 20, 2015
Following Sabic’s recent announcement that it will restructure its portfolio as of the beginning of next year, the company has announced the leadership of the individual...
http://www.chemweek.com/home/top_of_the_news/Sabic-names-executive-SBU-leadership-following-portfolio-shuffle_74342.html
October 16, 2015
Northwest Innovation Works (NWIW; Kalama, WA), a company owned by Chinese investors, has significantly scaled up its investment and planned methanol capacity in the US Pacific...
http://www.chemweek.com/home/top_of_the_news/Northwest-Innovation-Works-to-invest-$7-billion-in-eight-methanol-plants-in-US_74339.html
October 13, 2015
FMC today cut its fourth-quarter and full-year 2015 adjusted earnings guidance, to 38 cts/share and $2.35-$2.45/share, due to a “rapid devaluation the Brazilian real,” the...
http://www.chemweek.com/home/top_of_the_news/FMC-cuts-guidance-on-Brazil-currency-devaluation_74361.html
October 12, 2015
Air Liquide says it has signed a new long-term contract with Yan’an Energy and Chemical Co. (Yan’an, China), a subsidiary of Yanchang Petroleum Group, one of the four...
http://www.chemweek.com/home/top_of_the_news/Air-Liquide-to-build-ASUs-in-China_74341.html
October 12, 2015
Saudi Aramco is considering constructing a $20-billion refining and petrochemical complex at Yanbu, Saudi Arabia, according to Reuters, citing industry sources familiar with the...
http://www.chemweek.com/home/top_of_the_news/Reports-Saudi-Aramco-plans-$20-billion-refinery-and-petrochemical-complex-at-Yanbu_74346.html
October 12, 2015
Ethylene XXI, the 75-25 joint venture project between Braskem and Idesa at Coatzacoalcos, Mexico, will be completed by end of November, with full capacity expected to be reached next...
http://www.chemweek.com/home/top_of_the_news/Ethylene-XXI-project-onstream-by-end-November-half-the-output-to-be-sold-in-Mexico_74340.html
October 12, 2015
Adama Agricultural Solutions has been granted Australian regulatory approval to market Nimitz, a novel, nonfumigant nematicide. Australia is the third country to grant registration...
http://www.chemweek.com/home/top_of_the_news/Adama-receives-Australian-approval-for-Nimitz-nematicide_74338.html
October 12, 2015
Ineos announced on Sunday that it has agreed to purchase all of the UK North Sea gas fields owned by DEA, the German oil and gas firm owned by Russian billionaire Mikhail...
http://www.chemweek.com/home/top_of_the_news/Ineos-to-acquire-Fridman-groups-UK-North-Sea-gas-fields-boosting-upstream-business-feedstock-integration_74336.html
October 12, 2015
Cefic, the European chemical industry association, said on Friday that it was cutting its growth forecast for the European chemicals industry from 1.5% to 1.0% in 2015, and expects...
http://www.chemweek.com/home/top_of_the_news/Cefic-cuts-2015-forecast-calls-for-level-playing-field-on-carbon-emissions-in-upcoming-ETS-reforms_74318.html
October 9, 2015
Flavors and fragrances market leader Givaudan (Vernier, Switzerland) has announced that its sales slipped 0.9% in the third quarter compared with the corresponding period of last year...
http://www.chemweek.com/home/top_of_the_news/Currency-effects-dent-Givaudans-third-quarter-sales_74324.html
October 9, 2015
Cefic said in its chemicals trend update on Friday that European chemical output grew just 0.2% during the first seven months of 2015 compared with the same period of 2014, while...
http://www.chemweek.com/home/top_of_the_news/Cefic-2015-Europes-chemicals-growth-shows-continuing-weakness_74323.html
October 9, 2015
Air Products will launch three hydrogen fueling stations in int the Los Angeles area this month. The three stations are coming onstream and the company is in the process of adding six...
http://www.chemweek.com/home/top_of_the_news/Air-Products-launching-three-California-hydrogen-fueling-stations_74250.html
October 9, 2015
Hovensa (Christiansted, VI) says a US bankruptcy court has approved the company’s choice of Limetree Bay Holdings as a “stalking horse bidder” in the Chapter-11 sale of Hovensa’s assets in the US Virgin Islands, which consist of an oil storage terminal and an idled 500,000-bbl/day refinery....
http://www.chemweek.com/home/top_of_the_news/Court-allows-Hovensa-to-name-Limetree-Bay-as-stalking-horse-bidder-in-bankruptcy-sale_74289.html
October 8, 2015
US imports and exports of benzene were down in August, based on data provided by Global Trade Information Services (GTIS) this week....
http://www.chemweek.com/home/top_of_the_news/US-imports-exports-of-benzene-down-in-August_74280.html
October 8, 2015
LyondellBasell's Equistar Chemicals unit has declared force majeure on all polypropylene (PP) products, effective 7 October. The notice comes after the company's Bayport, TX, production facility suffered a power outage on 5 October....
http://www.chemweek.com/home/top_of_the_news/LyondellBasells-Equistar-declares-force-majeure-on-all-PP-products_74281.html
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