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July 24, 2014
PotashCorp reported its second quarter results today—showing strong segment results, though, overall trailing behind the same quarter 2013. Net income dropped 26% YOY, to $472...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PotashCorp-earnings-down-YOY-but-above-guidance_62697.html
July 24, 2014
S-Oil (Seoul) today reported improved second-quarter results and outlined investment plans under new increased ownership by Saudi Aramco, including construction of an olefins complex...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/S-Oil-swings-to-profit-to-diversify-portfolio-with-olefins-complex_62689.html
July 23, 2014
Mosaic says it plans to permanently discontinue production of muriate of potash (MOP) at its Carlsbad, NM facility. The final date of production is expected to be 31 December...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Mosaic-to-permanently-halt-MOP-production-at-New-Mexico-facility_62667.html
July 23, 2014
Europe's ethylene producers expect to be able to defend current contract price levels despite a long market balance, as the European industry prepares for the scheduled turnaround of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Europes-ethylene-producers-hope-to-defend-August-prices-despite-oversupply_62662.html
July 23, 2014
OCI Partners (Nederland, TX) says that recent severe thunderstorms in the Gulf Coast area caused a power outage that disrupted methanol and ammonia production at the company's facility near Beaumont, TX, over the past several days. Damage to the production facility was limited, the company says. The methanol unit was down for 3.5 days and the ammonia unit was down for less than one day....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/OCIs-Beaumont-methanol-ammonia-plants-back-up-after-brief-outage_62648.html
July 23, 2014
The Galveston County Economic Alliance announced on Tuesday that Fund Connell USA Energy and Chemical Investment Corp. is exploring plans to build a large methanol production and...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Chinese-group-plans-$4-5-billion-methanol-complex-at-Texas-City_62657.html
July 22, 2014
Tesoro (San Antonio) says it plans to produce petrochemical feedstock in its US west coast refining system. The company intends to gather intermediate feedstock, primarily reformate...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/paraxylene/Tesoro-to-produce-xylene-on-US-West-Coast-for-export-to-Asia_62629.html
July 22, 2014
ZeoGas (Houston), a developer of natural gas-to-gasoline projects, has entered into a license agreement to use ExxonMobil's research and engineering subsidiary’s...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/ZeoGas-to-use-ExxonMobil-methanol-to-gasoline-technology-in-US-Gulf-Coast-project_62627.html
July 22, 2014
The Saudi fertilizer industry leads regional production and is set to usher in a period of strong growth and diversification, according to Abdulwahab Al Sadoun, secretary-general of...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Saudi-Arabian-fertilizer-industry-set-for-growth-and-diversification_62630.html
July 21, 2014
Westlake Chemical Partners (Houston) announced on 21 July the start of its initial public offering of 11.25 million common units, which are to be listed on the New York Stock Exchange as WLKP. The company, a master limited partnership established to operate the ethylene production facilities of Westlake Chemical (Westlake; Houston), aims to be priced at $19–21/unit, about $225 million in total....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-launches-$225-million-IPO-of-ethylene-MLP_62611.html
July 21, 2014
Evonik Industries and AkzoNobel say they have entered into negotiations to build a membrane cell electrolysis production facility at AkzoNobel’s Ibbenbüren, Germany, site...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/AkzoNobel-and-Evonik-join-forces-in-membrane-cell-chlor-alkali-project-in-Germany_62608.html
July 21, 2014
Maire Tecnimont (Rome) today announced it has signed a memorandum of understanding (MOU) with the Fatima Group, a fertilizer player based in Pakistan; and Midwest Fertilizer Corp...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Maire-Tecnimont-signs-MOU-to-build-large-fertilizer-complex-in-the-US_62605.html
July 18, 2014
The Croatian government is selling its 22.82% stake in electrical and transport firm Koncar Elektroindustrija (Zagreb) to help raise funds to recapitalize the country's fertilizer...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Croatia-to-sell-stake-in-electrical-firm-to-raise-funds-for-state-backed-fertilizer-maker_62592.html
July 18, 2014
Yuhuang Chemical (Houston), a newly created subsidiary of Shandong Yuhuang Chemical, will invest $1.85 billion in a world-scale methanol manufacturing complex on the Mississippi River...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Chinese-firm-to-invest-$1-85-billion-in-methanol-complex-in-Louisiana-Air-Liquide-to-provide-technology_62582.html
July 17, 2014
CB&I on Wednesday gave additional details relating to its contracts with Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) for Orpic’s Liwa plastics project...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/mtbe/CB-and-I-outlines-technology-awards-for-Oman-petchem-project_62507.html
July 16, 2014
CF Industries announced today that it has restarted its operating units at its Woodward, OK, nitrogen complex. The company shut down production there on 21 April to address an...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/CF-Industries-resumes-production-at-Oklahoma-nitrogen-complex_62483.html
July 16, 2014
Flint Hills Resources (Wichita, KS) has completed the acquisition of propylene-maker PetroLogistics (Houston, TX). Flint Hills says the $2.1 billion transaction is its largest ever and its first in the chemical space since the purchase of Huntsman’s U.S. commodity chemical business in 2007....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Flint-Hills-completes-$2-1-billion-acquisition-of-PetroLogistics_62481.html
July 16, 2014
Private equity firm SVP Global is preparing to sell vinyls company Vestolit (Marl, Germany) in a deal potentially valued at about €300 million, according to a Reuters report...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene_dichloride/Report-Private-equity-firm-prepares-to-divest-PVC-maker-Vestolit_62477.html
July 16, 2014
Invista said on Monday that it has resolved a lawsuit against a Chinese engineer for misappropriating and infringing on trade secrets relating to a portion of Invista’s purified...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Invista-wins-PTA-intellectual-property-lawsuit-in-Beijing-court_62474.html
July 15, 2014
Koppers Holdings (Pittsburgh, PA) is exploring the consolidation of its North American tar distillation operations, including naphthalene and phthalic anhydride production, at Stickney, IL. The company says it will be applying for the necessary environmental permits, and a decision could be made within several months. If the project goes forward, the new naphthalene plant could start up in early 2016, says Koppers....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/phthalic_anhydride/Koppers-exploring-consolidation-of-North-American-tar-distillation_62471.html
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