IHS Chemical Week

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May 16, 2014
Sabic and security and aerospace company Lockheed Martin (Bethesda, MD) have launched a partnership to explore establishing a new joint venture company in Saudi Arabia to develop...
http://www.chemweek.com/home/top_of_the_news/Sabic-Lockheed-Martin-to-establish-carbon-nanostructure-materials-JV-in-Saudi-Arabia_61100.html
May 15, 2014
Suppliers of chemicals to the personal-care and cosmetics industries were mostly upbeat at this year’s Suppliers’ Day show, held earlier this week at Edison, NJ. Most...
http://www.chemweek.com/home/top_of_the_news/Suppliers-Day-2014-Mood-mostly-upbeat-for-personal-care-industry_61087.html
May 15, 2014
Celanese (Dallas) plans to add a new compounding unit at its Florence, KY, facility. Celanese says the unit, which will support demand for advanced engineered materials products, will be operational in the first quarter of 2015....
http://www.chemweek.com/home/top_of_the_news/Celanese-to-build-compounding-unit-at-Florence-KY_61080.html
May 15, 2014
Israel Chemicals Ltd. (ICL; Tel Aviv) reports a 57% fall in net profits for the first quarter of 2014 compared with the year-ago quarter, to $131 million. First-quarter sales decreased...
http://www.chemweek.com/home/top_of_the_news/ICL-reports-falls-in-profits-sales_61075.html
May 15, 2014
The board of directors of Saudi Arabian Mining Co. (Ma’aden; Riyadh) is seeking to increase the company’s share capital through a rights issue with a total value of 5.6...
http://www.chemweek.com/home/top_of_the_news/Maaden-plans-rights-issue-to-help-fund-investment-projects_61074.html
May 15, 2014
The cost of a previously announced project, which aims to significantly expand the capacity of Petro Rabigh (Rabigh, Saudi Arabia) and introduce new products to its portfolio will cost...
http://www.chemweek.com/home/top_of_the_news/Petro-Rabigh-projects-costs-escalate-to-$8-5-billion_61073.html
May 15, 2014
Merck KGaA today reported a slight increase, to €807 million ($1.1 billion), in first-quarter Ebitda before one-time items compared with €801 million in the first quarter of...
http://www.chemweek.com/home/top_of_the_news/Merck-KGaA-reports-flat-first-quarter-earnings-cautiously-optimistic-for-2014_61072.html
May 15, 2014
DIC (Tokyo) has reported its financial results for its fiscal first quarter, ended 31 March. DIC decided last June to change its fiscal year-end from 31 March to 31 December, and, as a...
http://www.chemweek.com/home/top_of_the_news/DIC-reports-huge-rise-in-profits_61071.html
May 14, 2014
A new, day-zero initiative took place at the Asia Petrochemical Industry Conference (APIC) at Pattaya, Thailand, today at the request of IHS clients. Attended by several hundred...
http://www.chemweek.com/home/top_of_the_news/APIC-2014-Connect-with-IHS_61064.html
May 14, 2014
Ineos today confirmed that the Falkirk Council in the United Kingdom has told the company that its planning application for the construction of an ethane tank at its Grangemouth, UK...
http://www.chemweek.com/home/top_of_the_news/Ineos-receives-planning-permit-to-build-ethane-tank-at-Grangemouth_61062.html
May 14, 2014
Momentive Specialty Chemicals (Columbus, OH) reports a first-quarter loss of $27 million versus a loss of $4 million in the year-ago period. Sales increased 8.5% year-on-year, to $1.29 billion, primarily reflecting increased volumes in Momentive's oilfield, specialty epoxy, North American formaldehyde, and Latin America forest products resins businesses, says the company....
http://www.chemweek.com/home/top_of_the_news/Momentives-sales-increase-but-loss-deepens_61061.html
May 14, 2014
Styron (Berwyn, PA) reports first-quarter income of $17.1 million, compared with a loss of $9.7 million in the year-ago period. Sales totaled $1.36 billion, down 2.3% year-over-year (YOY) on lower selling prices, partly offset by higher volumes and favorable currency impact....
http://www.chemweek.com/home/top_of_the_news/Styron-swings-to-$17-million-profit_61060.html
May 14, 2014
Potash producer K+S (Kassel, Germany) reports a 21% year-on-year (YOY) decrease in first-quarter Ebit, to €219.6 million ($301.6 million), mostly because of lower potash and...
http://www.chemweek.com/home/top_of_the_news/K+Ss-Ebit-down-21-percent-on-lower-potash-and-magnesium-results-says-prices-are-stabilizing_61059.html
May 14, 2014
Borealis reports €102 million ($140.1 million) in net profit for the first quarter, growing about 67% year-on-year (YOY), driven by a better performance by the company's...
http://www.chemweek.com/home/top_of_the_news/Borealiss-net-profit-grows-67-percent-driven-by-polyolefins_61056.html
May 14, 2014
Asahi Kasei says its Asahi Kasei Fibers (AKF; Osaka) subsidiary will invest about ¥5 billion ($49 million) to expand production capacity for polypropylene spunbond nonwoven fabric...
http://www.chemweek.com/home/top_of_the_news/Asahi-Kasei-to-double-spunbond-nonwovens-production-capacity-in-Thailand_61053.html
May 13, 2014
Accenture, a management consulting firm, and Sadara, a joint venture being developed by Saudi Aramco and Dow Chemical, have signed a multi-year agreement under which Accenture will...
http://www.chemweek.com/home/top_of_the_news/Accenture-to-provide-business-and-IT-support-services-to-Sadara_61052.html
May 13, 2014
Sabic announced today that it will launch its first portfolio of renewable polyolefins, certified under the ISCC Plus certification scheme, which involves strict traceability. The...
http://www.chemweek.com/home/top_of_the_news/Sabic-to-launch-renewable-PE-and-PP-production-in-Europe_61051.html
May 13, 2014
Drake & Scull International (D&S; Dubai) has signed an agreement with Carbon Holdings (Cairo) for the Tahrir Petrochemical Corp. (TPC) project under development at Ain Sokhna...
http://www.chemweek.com/home/top_of_the_news/Drake-and-Scull-joins-EPCC-consortium-for-Egypts-Tahrir-Petrochemical-project_61035.html
May 13, 2014
Rentech Nitrogen Partners (Los Angeles) reports net income for the first quarter of $3.1 million, down 79% year-on-year (YOY). Earnings per share totaled 8 cts, well above analysts’ consensus estimate of 0 cts, as compiled by Thomson Reuters. Sales totaled $56.3 million, down 5.5% YOY, since a gain at Rentech’s Pasadena, TX, facility was offset by a decline at its East Dubuque, IL, facility....
http://www.chemweek.com/home/top_of_the_news/Low-prices-drive-down-Rentech-Nitrogens-earnings_61033.html
May 13, 2014
Sabic said today that it has entered the final stages of preliminary studies to assess the economic viability of building a crude oil-to-petrochemicals manufacturing complex in...
http://www.chemweek.com/home/top_of_the_news/Sabic-plans-crude-oil-to-petrochemicals-complex-by-2020_61030.html
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