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March 21, 2013
Weaker demand growth coupled with stronger rates of capacity expansion has dampened the profit outlook for ethylene, particularly for high-cost producers that use heavier feedstocks, says Mark Eramo, v.p./chemical market insights for IHS Chemical....
http://www.chemweek.com/lab/IHS-WPC-Ethylene-profit-outlook-muted-by-weaker-demand-supply-surge-Eramo_50683.html
March 21, 2013
Global GDP growth should stabilize at 2.6% in 2013, says Nariman Behravesh, IHS chief economist. Gradual improvement should push global GDP to an annualized rate of 3.5% by the end of the year. US and Asian economies are leading the way, he adds....
http://www.chemweek.com/lab/IHS-WPC-Economic-and-energy-outlooks-improving_50659.html
March 19, 2013

Shale gas development has granted the US chemical industry a renewed lease on life by driving costs down, pushing margins up, and attracting a flood of capital investment.

...

http://www.chemweek.com/lab/Petrochemicals-Shale-reopens-the-tap-on-US-production_50551.html
March 19, 2013
Enterprise Products Partners (Houston) has announced plans to develop a 270-mile naural gas liquids (NGLs) pipeline on the US Gulf Coast to deliver ethane to petrochemical plants, the...
http://www.chemweek.com/lab/Enterprise-to-develop-US-ethane-pipeline-expands-LPG_50549.html
March 19, 2013
Dow Chemical says it plans to raise as much as $1.5 billion from divestitures over the next 18 months, including sales of its polypropylene licensing and catalysts business and plastic...
http://www.chemweek.com/lab/Dow-Chemical-details-$1-5-billion-divestiture-plan_50546.html
March 19, 2013
LyondellBasell Industries announced plans last week to add 800 million lbs/year of ethylene capacity at its Corpus Christi, TX, site by late 2015 as part of a capital spending ramp-up...
http://www.chemweek.com/lab/LyondellBasell-boosts-US-ethylene-PE-expansion-plans_50545.html
March 19, 2013
A record crowd of more than 1,200 will meet this week at the annual IHS World Petrochemical Conference (WPC), the largest gathering of its kind....
http://www.chemweek.com/lab/IHS-World-Petrochemical-Conference-2013-The-global-renaissance-for-chemicals_50534.html
March 19, 2013
Saudi Aramco (Dhahran, Saudi Arabia), already an upstream oil and gas powerhouse and a major oil refiner in Saudi Arabia and around the globe, is on a mission to extend its leadership...
http://www.chemweek.com/lab/Aramco-A-chemicals-giant-in-waiting_50494.html
March 14, 2013
LyondellBasell Industries said today that it will add 800 million lbs/year of ethylene capacity at its Corpus Christi, TX, site by late 2015. Company officials also announced plans to add as much as 1.2 billion lbs/year of polyethylene (PE) in the United States by 2016 at an analyst meeting in New York today....
http://www.chemweek.com/lab/LyondellBasell-details-ethylene-boost-at-Corpus-Christi-plans-PE-unit_50474.html
March 12, 2013
Chemical sector M&A activity slipped in 2012 as economic uncertainty and a scarcity of available quality assets dragged down volumes despite favorable market conditions. Strong...
http://www.chemweek.com/lab/M-and-A-The-markets-missing-pieces_50369.html
March 11, 2013
Ferro’s stumble through the past few years appears likely to drive it into the hands of A. Schulman, a Cleveland-area rival. Schulman announced a hostile $6.50/share bid last week, valuing Ferro at $885 million (p. 6)....
http://www.chemweek.com/lab/A-Schulman-bids-for-Ferro_50351.html
March 11, 2013
A. Schulman has announced a hostile bid to acquire struggling Ferro for $6.50/share. The offer price represents a 25% premium to Ferro’s closing price on 1 March—the last...
http://www.chemweek.com/lab/Schulman-offers-to-acquire-Ferro-for-$855-million_50223.html
March 8, 2013
AkzoNobel has inaugurated a €90-million ($116.9 million) chemicals plant at Jupiá, Brazil, supplying the Eldorado Brasil cellulose pulp mill, which is the biggest in the...
http://www.chemweek.com/lab/AkzoNobel-inaugurates-chemical-complex-in-Brazil-supplying-the-worlds-biggest-pulp-mill_50316.html
March 6, 2013
Stronger demand for transportation fuels in emerging economies continues to boost prospects for refinery catalyst makers, although concerns about the strength of global economic recovery has injected uncertainty into 2013 forecasts. As suppliers invest to build capacity to serve high-growth markets in Asia, the Mideast, and South America, opportunities to provide innovative products to address heavier crudes in North America have arisen....
http://www.chemweek.com/lab/Refinery-catalysts-Strong-fundamentals-trump-uncertainty_50176.html
March 4, 2013
The International Court of Arbitration of the International Chamber of Commerce (ICC) today released the final award amount, representing interest and costs, in the arbitration case...
http://www.chemweek.com/lab/Kuwait-ordered-to-pay-Dow-close-to-$2-5-billion-in-K-Dow-arbitration-case_50222.html
March 1, 2013
Clariant reported an increase in fourth-quarter profits and pledged to improve its margins further, to become one of the most profitable specialty chemical companies....
http://www.chemweek.com/lab/Reshaped-Clariant-raises-profit-hires-Greenhill-to-sell-assets_50120.html
March 1, 2013
Construction is to begin in the fourth quarter of 2013, with start-up expected in mid-2016....
http://www.chemweek.com/lab/ZEEP-Todd-to-build-$1-3-billion-methanol-plant-in-Louisiana_50146.html
March 1, 2013
Ascend Performance Materials (Houston) is proceeding with plans to build a $1.2-billion propane dehydrogenation (PDH) facility at its Chocolate Bayou complex at Alvin, TX. The PDH unit...
http://www.chemweek.com/lab/Ascend-plans-$1-2-billion-PDH-plant-at-Chocolate-Bayou_50166.html
March 1, 2013
Hanwha Chemical (Seoul) plans to build an ethylene plant in the United States in collaboration with a local shale gas company, Korean reports said today, citing an unnamed source...
http://www.chemweek.com/lab/Hanwha-Chemical-plans-ethylene-plant-in-the-United-States-based-on-shale-gas_49896.html
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