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April 26, 2013
The catastrophic explosion at a Texas fertilizer facility has raised renewed concerns about plant safety....
http://www.chemweek.com/lab/Texas-fertilizer-disaster-raises-safety-regulatory-concerns_51489.html
April 23, 2013
DuPont expects sequential improvement in industrial demand as the year progresses. “We anticipate improvements in demand in the second half from industrial markets,” says DuPont chair and CEO Ellen Kullman. “This is based on our evaluation of country and regional forecast[s] for general industrial production, auto production, home building and construction, solar module production, and other markets.” Global industrial production was up 1% in the first quarter and “will get to 2.5% for the year, which means an improving economy as we go quarter to quarter,” Kullman adds....
http://www.chemweek.com/lab/DuPont-operating-income-slips-on-weak-titanium-dioxide_51378.html
April 23, 2013
Air Products reports that net income decreased slightly year-on-year (YOY)—down 1.6%, to $290.4 million. Adjusted earnings per share of $1.37/share, up 5.4% YOY, were in line...
http://www.chemweek.com/lab/Air-Products-net-income-declines-1-6-percent_51373.html
April 23, 2013
ACC has released its chemical activity barometer (CAB) for March, showing that the US economy continues to grow slowly. On a 3-month moving average (3MMA) basis, the CAB increased 0.2%...
http://www.chemweek.com/lab/ACCs-chemical-barometer-grows-in-April_51370.html
April 22, 2013
M&G Group (Tortona, Italy) has licensed Alpek’s IntegRex technology for its planned 1.2-million m.t./year purified terephthalic acid (PTA) plant in Corpus Christi, TX, the...
http://www.chemweek.com/lab/Alpek-licenses-PTA-to-M-and-G-project-buys-PET-offtake-rights-for-$350-million_51221.html
April 19, 2013
Albemarle’s first-quarter results fell short of analysts’ estimates as all three of its business units posted double-digit profit declines year-over-year. The company...
http://www.chemweek.com/lab/Albemarle-profits-fall-27-percent-miss-estimates_51260.html
April 18, 2013
Celanese posted first-quarter net income of $142 million, a decline of 26% due mainly to a significant favorable tax benefit in the year-ago quarter. Excluding charges, Celanese says that adjusted Ebit and earnings were significantly higher. Reported adjusted earnings were $1.14/share, up 44% from the year-ago period and well above the consensus estimate of 78 cts. Adjusted Ebit for the quarter totaled $269 million. Sales of $1.6 billion reflected a year-on-year (YOY) decrease of 1.7%....
http://www.chemweek.com/lab/Celanese-adjusted-earnings-up-44-percent-on-margin-expansion_51300.html
April 17, 2013

New applications for adhesives, including in automotive and aerospace, are helping drive growth in the sector as demand in large segments, such as construction, picks up.

...

http://www.chemweek.com/lab/Adhesives-Steady-growth-to-stick-around_51115.html
April 16, 2013
LyondellBasell Industries and Phillips 66 have separately announced plans to add natural gas liquid (NGL) fractionation capacity at sites in Texas. LyondellBasell says TexStar...
http://www.chemweek.com/lab/LyondellBasell-Phillips-66-plan-new-NGL-fractionation-capacity-in-Texas_51139.html
April 16, 2013
Overall US chemical demand growth has been nothing if not consistent, and lackluster, for two years now....
http://www.chemweek.com/lab/US-chemicals-Sideways_51143.html
April 15, 2013
The outlook for first-quarter results has dimmed as weaker-than-expected demand led several companies to issue warnings and industry analysts trimmed quarterly estimates....
http://www.chemweek.com/lab/Trimmed-estimates-early-earnings-turn-sentiment-bearish_51136.html
April 12, 2013
The venture, Three Rivers Midstream, will invest in infrastructure for both wet- and dry-gas handling, including a 200-million cu ft/day cryogenic gas processing plant....
http://www.chemweek.com/lab/Williams-Shell-plan-midstream-JV-for-northwest-Pennsylvania_51153.html
April 10, 2013
Ecolab has closed on its $2.3-billion acquisition of Champion Technologies. Ecolab secured US antitrust approval of the deal earlier this week when it agreed to sell a Champion...
http://www.chemweek.com/lab/Ecolab-closes-on-Champion-purchase_51064.html
April 9, 2013
Ecolab has entered into a consent agreement with the US Department of Justice (DOJ) regarding Ecolab’s previously announced $2.3-billion acquisition of Champion Technologies. The agreement requires Ecolab to divest certain assets and license technology that serves customers in US Gulf of Mexico deepwater drilling to Clariant. Ecolab now expects to close the Champion acquisition by 15 April....
http://www.chemweek.com/lab/Ecolab-to-sell-deepwater-product-line-to-Clariant-to-gain-antitrust-approval-of-Champion-acquisition-updated_51008.html
April 8, 2013
EU chemical output decreased by 1.6% during January compared with the same period in 2012, according to the latest Chemicals Trends Report published by Cefic today. Consumer chemical...
http://www.chemweek.com/lab/EU-chemical-output-down-1-6-percent-in-January_50989.html
April 8, 2013
Dow Chemical chairman and CEO Andrew Liveris offered a provocative thought upon receiving the Society of Chemical Industry American section’s Chemical Industry Medal last week in New York. “I must say, I hope I am one of the last to receive it,” Liveris said. “At least, under its current name.”...
http://www.chemweek.com/lab/Unboxing-chemicals_50535.html
April 8, 2013
Apollo Management says it plans to sell 15 8 million shares, roughly a 24% stake, in amines producer Taminco as part of a planned initial public offering. The offering is being priced...
http://www.chemweek.com/lab/Taminco-seeks-to-raise-$300-million-from-IPO_50991.html
April 5, 2013
A. Schulman announced several management changes, including an agreement with current CEO Joseph Gringo that would extend his employment for up to two years in the event of a...
http://www.chemweek.com/lab/A-Schulman-announces-executive-changes-option-to-extend-CEOs-contract_50948.html
April 3, 2013
Monsanto has raised its full-year outlook to $4.42–4.52/share. The midpoint is 2.7% higher than its previous guidance of $4.30–4.40/share and 20.8% higher than 2012 fiscal-year earnings of $3.70/share, but narrowly misses the $4.57/share street consensus....
http://www.chemweek.com/lab/Monsanto-tops-estimates-raises-2013-earnings-outlook_50919.html
April 3, 2013
If the project is approved, construction would begin in the first half of 2014 with start-up by the second half of 2015....
http://www.chemweek.com/lab/Phillips-66-plans-NGL-fractionator-at-Old-Ocean-TX_50920.html
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