IHS Chemical Week

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March 24, 2016
US specialty chemicals market volume index slipped 1.5% year-on-year (YOY) in February this year compared with February 2015, on a three-month moving average (3MMA) basis. Laggards continue to be oilfield chemicals, which dropped by 23.9% YOY (also 3MMA basis), followed by mining chemicals, down 13.0% YOY, and foundry chemicals, lower by 6.0%. Gains were notched by electronic chemicals, which climbed 17.3% YOY in February, construction chemicals, 7.8%, and cosmetic chemicals, 7.3%. Of the 28 sectors tracked by ACC, 19 improved in February this year versus a year ago, and 8 declined....
March 22, 2016
MEGlobal (Dubai) has chosen Dow Chemical’s Oyster Creek site at Freeport, TX, for the location of a new world-scale ethylene glycol (EG) facility, which the company expects to bring online in mid-2019. The plant will receive ethylene from Dow’s new Freeport ethane cracker under a long-term supply agreement....
March 21, 2016
Synthomer (Harlow, UK), a leading specialty chemicals company, on Monday announces its acquisition of Hexion Performance Adhesives & Coatings (Hexion PAC) for $226 million, which is being funded from existing cash resources and additional credit facilities. The acquisition is expected to be completed during the summer following regulatory approvals and satisfying other closing conditions....
March 20, 2016
Sherwin-Williams has announced plans to acquire Valspar for approximately $11.3 billion, including debt. At $113/share, the transaction represents a premium of approximately 35% to Valspar’s closing price on 18 March....
March 18, 2016
 Braskem Idesa, the 75-25 joint venture between Braskem and Grupo Idesa, started injecting ethane today at their Etileno XXI cracker project at Coatzacoalcos, Mexico. The jv...
March 17, 2016
China remains industry’s key demand growth driver despite its slowing economy, says Paul Pang, IHS Chemical v.p. “In reality, demand in China is reasonably...
March 17, 2016
Concerns around volatile energy and economic scenarios appears to have caused a collective pause in new chemical industry investment, says Mark Eramo, v.p. with IHS Chemical. That...
March 16, 2016
The outlook for India’s economy remains strong, said Kamal Nanavaty, Reliance Industries’ president of strategy development, on Wednesday. Speaking at IHS Chemical’s...
March 16, 2016
The petrochemical industry must deal with market volatility as the norm and not the exception, says Neil Chapman, president of ExxonMobil Chemical. Speaking today at IHS...
March 16, 2016
Crude oil prices are likely to rise in 2016, but they will remain volatile for years, and when the market settles down, it will be radically unlike the market of 2014, says Jamie Webster, VP Crude Oil Markets at IHS Energy. “Right now everyone is very much focused on when supply will equal demand, when will prices go up,” he says. “Behind all this is an oil market that is completely different.” Webster spoke Wednesday morning at the IHS World Petrochemical Conference 2016....
March 7, 2016
In the light of recent investment announcements it is important to remember that this industry serves a very wide variety of customers in very different end-use industries, each with their own challenges and opportunities....
March 8, 2016
Low oil prices have been a boon for some ethylene producers. By swapping reduced-priced ethane for high-priced naphtha in their ethylene production, many companies have realized savings of more than 50%. But ethylene producers shouldn’t expect bargain petrochemical feedstock prices to continue indefinitely for either ethane-fed steam crackers or naphtha-fed crackers....
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