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September 3, 2015
Formosa Petrochemical (Taipei) says it is evaluating a $9.4-billion petrochemical complex in St. James Parish, Louisiana that would include two new crackers. A final investment...
http://www.chemweek.com/lab/Formosa-eyes-two-more-crackers-as-part-of-$9-4-billion-Louisiana-project_73430.html
September 1, 2015
Chemours has set a fourth-quarter dividend of 3 cts/share, roughly 95% below the 55-ct/share third-quarter dividend assigned by DuPont. This is the first dividend declared by Chemours...
http://www.chemweek.com/lab/Chemours-cuts-dividend-by-95-percent_73376.html
August 31, 2015
Monsanto dropped plans to acquire Syngenta after its latest offer was rejected. A deal would have combined the world’s largest seeds company, Monsanto, with the world’s...
http://www.chemweek.com/lab/Monsanto-drops-Syngenta-bid-agchems-reshuffle-possible_73284.html
August 31, 2015
The permanent lifting of sanctions against Iran could boost Iran's methanol capacity by 10 million m.t./year by 2025, according to a new report by IHS Chemical. Iran currently produces...
http://www.chemweek.com/lab/IHS-Chemical-Irans-methanol-capacity-could-soar-if-sanctions-are-lifted_73308.html
August 20, 2015
Chemours will close its Edgemoor, DE, titanium dioxide (TiO2) plant by the end of September. The company also plans to shut a TiO2 line at its New Johnsonville, TN, site. The closures will eliminate roughly 150,000 m.t./year of TiO2 capacity as the company nears completing a 200,000-m.t./year unit at Altamira, Mexico....
http://www.chemweek.com/lab/Chemours-to-close-Edgemoor-DE-titanium-dioxide-plant_73099.html
August 24, 2015
If crude oil prices do not recover within five years, the second wave of new ethane crackers in North America will likely be postponed to 2025, tightening ethylene supply and boosting the profitability of naphtha-based producers in Europe and Asia, according to a new study by IHS Chemical, Crude Oil Turmoil and the Global Impact on Petrochemicals—Special Report....
http://www.chemweek.com/lab/IHS-Chemical-Slow-oil-recovery-would-postpone-second-US-wave-of-ethane-crackers_73082.html
October 14, 2015
Chemours has started a review that could lead to the company selling its chemical solutions segment excluding the cyanide business....
http://www.chemweek.com/lab/Chemours-considers-selling-chemical-solutions-segment_72953.html
August 24, 2015
Ninety-five people, including 85 firefighters, are missing following the massive explosions on Wednesday night at a warehouse storing hazardous chemicals at Tianjin, China, the...
http://www.chemweek.com/lab/Tianjin-95-people-missing-death-toll-rises-to-112_73007.html
August 14, 2015
The State Council, China's cabinet, on Friday issued an emergency notice asking governments at all levels in the country to strengthen the safety management of hazardous chemicals and...
http://www.chemweek.com/lab/China-to-examine-handling-of-hazardous-chemicals-following-Tianjin-explosions-death-toll-rises_72989.html
August 14, 2015
The impact of this week's surprise devaluation of the Chinese currency, the yuan, varies between companies selling to China or buying from China. For China's petrochemical industry...
http://www.chemweek.com/lab/Yuan-devaluation-Chinas-petchem-industry-faces-feedstock-cost-hike-overseas-exporters-braced-for-softer-demand_72995.html
August 6, 2015
CF Industries on Thursday said that it has entered a definitive agreement with OCI (Amsterdam) under which CF will combine with OCI’s European and North American operations as...
http://www.chemweek.com/lab/CF-and-OCI-merger-will-create-largest-nitrogen-player_72792.html
August 6, 2015
Chemours has started a strategic review that could lead to sale of its chemical solutions segment excluding the cyanide business. The review was announced as part of a restructuring program that targets annualized cost savings of $350 million and incremental Ebitda improvement of $450 million by 2017. Chemours also said today its quarterly dividend going forward would be “significantly less” than the $100-million declared when the company was still part of DuPont....
http://www.chemweek.com/lab/Chemours-considers-sale-of-most-of-chemical-solutions-business_72803.html
August 6, 2015
Ciner Group (Istanbul) is preparing to leap into the top tier of soda ash producers. The company currently ranks outside the world top 10, but massive capital investment plans and the acquisition of OCI Resources (Atlanta) could propel Ciner into the number-two position by 2018, says Marguerite Morrin, senior director at IHS Chemical....
http://www.chemweek.com/lab/Ciner-buys-OCI-Resources-building-leadership-in-natural-soda-ash_72623.html
July 31, 2015
Solvay has reached a definitive agreement to acquire Cytec Industries (Woodland Park, NJ) for $6.4 billion, including debt, in a bid to acquire a leading position in high-growth aerospace and automotive materials, the company says....
http://www.chemweek.com/lab/Solvay-to-acquire-Cytec-Industries-for-$6-4-billion_72625.html
July 31, 2015
The strong US dollar hit earnings of North American specialty chemical manufacturers, with many companies reporting year-on-year (YOY) declines in earnings and sales—and falling...
http://www.chemweek.com/lab/Strong-dollar-drags-down-specialty-results_72622.html
July 31, 2015
Second-quarter financial results show US commodity and diversified chemical producers benefiting from a recovering domestic market but challenged abroad by the strong US dollar. Dow...
http://www.chemweek.com/lab/Currency-domestic-recovery-shape-diversified-earnings_72595.html
July 29, 2015
Univar posted a second-quarter net loss of $12.4 million due mainly to expenses related to the company’s initial public offering and debt repayment. The negative impact on a...
http://www.chemweek.com/lab/Univar-posts-loss-on-IPO-expense-currency-impacts_72524.html
July 29, 2015
Solvay says that it has signed a definitive agreement to acquire Cytec Industries (Woodland Park, NJ) for $75.25/share in cash, or a total of $5.5 billion. The transaction price per...
http://www.chemweek.com/lab/Solvay-to-acquire-Cytec-for-$6-4-billion_72499.html
July 28, 2015
LyondellBasell reports net income from continuing operations of $1.3 billion, up 7.8% year-over-year (YOY) as higher volumes and lower feedstock costs more than offset declines in product prices. Sales totaled $9.1 billion, up 11.7% YOY....
http://www.chemweek.com/lab/LyondellBasell-income-up-beats-analyst-consensus_72480.html
July 28, 2015
DuPont’s second-quarter results fell sharply on negative currency impacts, continued weakness in performance chemicals—a business it spun out to shareholders on 1...
http://www.chemweek.com/lab/DuPont-cuts-outlook-on-ag-slowdown_72478.html
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