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May 8, 2015
LyondellBasell’s fortunes have reversed dramatically in the past five years. LyondellBasell, hobbled by more than $24 billion in debt after the December 2007 combination of...
May 8, 2015
Syngenta (Basel) on Friday rejected an offer from Monsanto to buy the Swiss-based pesticides and seeds group for just over $45 billion. The company says that the unsolicited offer...
May 6, 2015
A previously announced petchems project planned in Belmont County, OH, is expected to require a capital expenditure of $5 billion, sources tell CW on the sidelines of the APIC 2015...
May 5, 2015
The IRS has issued a proposed ruling that could jeopardize plans to put petrochemical assets into tax-saving master limited partnerships (MLPs). The document specifically states that income derived from a steam cracker would not qualify for MLP status, directly contradicting a ruling issued on 2 July 2012....
April 30, 2015
Wacker Chemie, after performing well in the first quarter, today said it is raising its sales forecast for 2015. The company generated sales of €1.33 billion ($1.49 billion) in...
April 30, 2015
BASF today reported its first-quarter results, beating consensus estimates, and has confirmed its outlook for 2015 of sales slightly increasing with Ebit before special items likely...
April 30, 2015
Air Products reports net income of $290 million for the quarter ended 31 March, up 2% year-on-year (YOY). Earnings gains in the Americas, Asia, and performance material offset the impact of weaker European results and negative currency impacts. Sales of $2.4 billion were down 6% YOY. The company says reported adjusted earnings were $1.55/share, up 17% YOY and line with analyst estimates....
April 28, 2015
Crude oil price swings in recent months, combined with a devalued euro, have created a volatile, but profitable marketplace for Europe’s petrochemical producers, according to...
April 23, 2015
Shin-Etsu has made a final investment decision to proceed with a $1.4-billion ethane cracker at its Plaquemine, LA, complex, the company’s first US ethylene investment. PTT...
April 23, 2015
Dow Chemical has launched its 2025 sustainability goals, which include an industry-first target of incorporating the value of natural capital into project design. Dow aims to generate...
April 23, 2015
Liveris: ‘Geopolitical and economic uncertainty’ expected to continue through 2015. North American diversified chemical companies’ first-quarter earnings beat...
April 22, 2015
Shin-Etsu has made a final decision to build a $1.4-billion ethane cracker at its Plaquemine, LA complex, the company’s first US ethylene investment. Shin-Etsu, the largest...
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