IHS Chemical Week

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July 13, 2016
Citing “challenging” market conditions, The Mosaic Company (Plymouth, Minnesota) says it will idle its potash mine at Colonsay, Saskatchewan, for the rest of 2016. Mosaic says it will suspend current turnaround activities and temporarily lay off 330 employees....
July 13, 2016
Gas-to-chemicals firm Siluria Technologies Inc. (San Francisco, California) says it has closed a series-E funding round, raising $45 million with investments from both new and existing...
July 13, 2016
Jurong Aromatics Corp. (JAC; Singapore) will start feeding condensate into its splitter on 14 July, and its products are expected to return to the spot market in August, market sources...
July 13, 2016
Copenor (Camaçari, Brazil), a subsidiary of Metanor (Camaçari), will stop producing methanol at its Camaçari, plant indefinitely from 18 July 2016. The decision...
July 13, 2016
Based on a preliminary review of the unaudited consolidated management accounts, Sinofert Holdings Ltd, the largest fertilizer company in China, expects a loss for the six months ended...
July 13, 2016

US nonfuel-use propylene inventory fell last week, according to data released by the Energy Information Administration (EIA) on Wednesday. It was the first decline in domestic inventory since the week of 10 June.

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July 13, 2016
The ample toluene inventory in the US could drive spot prices down between now and August, if the energy market does not see a significant rebound, according to IHS Chemical. US toluene inventories have been building since February amid yearly lows in NYMEX WTI crude prices....
July 13, 2016
National Bank of Kuwait (NBK; Kuwait City) has provided a $280-million loan to The Kuwait Styrene Co. (TKSC). The loan will be used for general business purposes, the bank says. TKSC...
July 12, 2016
Zeon Corp. (Tokyo) has expanded production of styrene-isoprene-styrene (SIS) functional polymers at its Mizushima, Japan, plant. The expanded facilities were built for about...
July 12, 2016
Iran’s methanol exports reached a six-month high of 395,824 metric tons in June, up 175,131 metric tons or 79% month-on-month, according to the latest IHS Chemical data. Total...
July 12, 2016
Iran’s ethylene glycol (EG) exports hit an all-time high of 91,444 metric tons in June, according to the latest data from IHS Chemical. For the first half of 2016, Iran’s...
July 12, 2016
International Finance Corp. (IFC; Washington, DC), part of the World Bank Group, has approved a $73.5-million loan for developing a multipurpose terminal at the Onne Port complex near...
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