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October 29, 2014
Verde Potash (Toronto) has been approved for a 57.5 million Reais ($22.9 million) credit line, to be sourced by Brazil's development bank BNDES (Rio de Janeiro), at a...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Verde-Potash-approved-for-R$57-5-million-credit-facility_64891.html
October 28, 2014
Mississippi Phosphates Corp (Pascagoula, MS), a producer of diammonium phosphate fertilizer (DAP) has filed for Chapter 11 bankruptcy protection. Two affiliates—Ammonia Tank...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Mississippi-DAP-fertilizer-producer-files-for-bankruptcy_64872.html
October 28, 2014
Compass Minerals reports a jump in third-quarter results, with year-on-year (YOY) net earnings rising skyrocketing to $87.9 million from $15.4 million on sales up 30% YOY, to...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Compass-Minerals-results-jump-on-insurance-settlement_64853.html
October 28, 2014
Westlake has held a dedication ceremony to celebrate the expansion of the company's Calvert City, KY, vinyls complex. Westlake spent in excess of $300 million for the project. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-dedicates-ethylene-PVC-expansions-in-Kentucky_64847.html
October 28, 2014
Cronus Chemical (Chicago) has chosen a site in eastern Illinois for the company's previously announced $1.4-billion fertilizer plant and plans to establish its US headquarters in...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Report-Cronus-Chemical-selects-site-in-Illinois-for-$1-4-billion-fertilizer-complex_64848.html
October 27, 2014
Benzene exports out of the European Union have been decreasing during 2014, according to trade data. Exports stood at 107,000 m.t. in the eight months to August compared with 126,000...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Europes-benzene-exports-decline-on-diminished-availability-lighter-feedslates_64810.html
October 27, 2014
Qatar Fertilizer Co. (Qafco; Doha), the world’s largest single site producer of ammonia and urea, has signed a contract with the engineering and technology company NIIK (Moscow)...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Qafco-to-enter-niche-urea-market-with-novel-plant_64809.html
October 27, 2014
Construction of Yacimientos Petroliferos Fiscales Bolivianos's (YPFB; La Paz) fertilizer complex at Bulo Bulo, Bolivia is 48% complete—including construction, basic engineering...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Construction-of-Bolivia-fertilizer-complex-48-percent-complete_64817.html
October 27, 2014
Fertilizers and chemicals producer Grupa Azoty (Tarnów, Poland) is targeting up to 10 overseas acquisitions in an effort to diversify away from the Polish market, says company...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Report-Polands-Grupa-Azoty-plans-overseas-acquisition-spree_64818.html
October 27, 2014
SK Global Chemical and JX Nippon Oil & Energy have inaugurated their joint-venture para-xylene (p-xylene) plant at Ulsan, South Korea. The companies together have invested 936.3...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/SK-Global-Chemical-JX-Nippon-inaugurate-p-xylene-plant-in-Korea_64815.html
October 24, 2014
Weak chlor-alkali demand continues to take a toll on Olin’s quarterly results, but the company expects improvement in the fourth quarter. Olin reports third-quarter net income of $26 million, down 63% year-over-year (YOY) from $70 million. Sales totaled $594 million, down 11% YOY from $671 million. Adjusted earnings per share of 42 cents equaled the analysts’ consensus estimate reported by Thomson Reuters....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Olin-third-quarter-earnings-fall-63-percent-on-continued-weak-chlor-alkali_64790.html
October 24, 2014
Para-xylene (p-xylene) spot prices have come off significantly in Europe this month as p-xylene spot prices have dropped in Asia on the back of a significant fall in energy markets...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/paraxylene/P-xylene-prices-fall-in-Europe-on-the-back-of-softer-Asian-prices-weaker-energy-markets_64788.html
October 24, 2014
Westlake says it will invest over $330 million to expand ethylene capacity at its facility in Lake Charles, LA, by 250 million lbs/year and to make other capital improvements. The company expects to complete the expansion in late 2015 or early 2016....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-plans-$330-million-ethylene-expansion-improvements-at-Lake-Charles_64738.html
October 23, 2014
OxyChem, the chemical segment of Occidental Petroleum, has reported pre-tax earnings for the third quarter of $140 million, down 23% year-on-year from $181 million. The company attributes the decrease to lower caustic soda prices driven by new chlor-alkali capacity, as well as lower overall margins resulting from higher ethylene and natural gas costs....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/OxyChem-third-quarter-earnings-drop-23-percent-on-lower-prices-higher-costs_64717.html
October 23, 2014
As the US market changes specifications for gasoline for the winter season, cheaper year-on-year (YOY) butane prices are likely to push more mixed xylenes (MX) into the chemical...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/mixedxylenes/US-gasoline-spec-changes-lower-Asian-demand-to-soften-aromatics-prices_64754.html
October 23, 2014
PotashCorp today reported third quarter net income of $317 million, down 10% year-over-year (YOY). The company says that although potash and nitrogen performance improved YOY, higher...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PotashCorp-third-quarter-earnings-dip-on-lower-offshore-contributions_64715.html
October 23, 2014
BorsodChem (Kazincbarcika, Hungary) says it has started preparations to replace its 125,000-m.t./year mercury-cell chlor-alkali plant at Kazincbarcika with a membrane-cell plant. The...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/BorsodChem-launches-mercury-cell-chlor-alkali-plant-replacement-project_64699.html
October 23, 2014
PhosAgro (Moscow) today reported an increase in fertilizer output and sales during the first nine months of 2014. Production rose 5.6% to 4.59 million m.t. Sales were up 4.3% to 4.61...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PhosAgro-reports-higher-fertilizer-production-and-sales_64698.html
October 22, 2014
Yara International (Oslo) announced today that it will spend 2.25 billion Norwegian kroner ($350 million) to increase fertilizer capacity at its Porsgrunn, Norway, site. The...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Yara-to-expand-fertilizer-capacity-in-Norway-and-Finland_64658.html
October 22, 2014
UOP, a Honeywell subsidiary, says that Cepsa Chemical Shanghai will use UOP's phenol process to produce phenol and by-product acetone — key building blocks for polycarbonate...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/UOP-technology-selected-for-Cepsa-phenol-project-at-Shanghai_64672.html
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