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July 9, 2015

Dow Chemical confirms reports that it has requested the closure of a stretch of State Highway 332 near its Oyster Creek site at Freeport, TX, following a process upset that resulted in the release of trace amounts of hydrocarbons.

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http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Dow-requests-road-closure-at-Freeport-TX-facility-after-trace-leak-from-process-upset_72045.html
July 9, 2015
CB&I on Thursday announced Carbon Holdings awarding it a contract for the license and basic engineering design of an ethylbenzene and styrene plant to be built at Ain Sokhna...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylbenzene/Egypt-awards-contract-to-CB-and-I-for-large-ethylbenzene-styrene-plant_72042.html
July 9, 2015
Nizhnekamskneftekhim (NKNK; Nizhnekamsk, Russia), a leading Russian producer of petrochemicals and part of the local TAIF Group (Kazan), has decided to divide its planned $9-billion...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Russian-petchems-firm-NKNK-splits-$9-billion-cracker-project-into-two-phases_72038.html
July 8, 2015
An unplanned shutdown has forced Shell to declared a force majeure on styrene monomer at Scotford, AB, where the company operates a refinery. Problems at the site mean that Shell...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Shell-declares-force-majeure-on-styrene-from-Canadian-site_72016.html
July 8, 2015

G2X Energy hopes to begin building its Lake Charles, LA, methanol project, Big Lake Fuels, by the end of 2015. The company says it has received all necessary state and federal permits.

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http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/G2X-Energy-aims-to-begin-construction-of-Lake-Charles-methanol-plant-by-year-end_72014.html
July 8, 2015
BASF says it will begin increasing the price for caprolactam and nylon-6 polymer by 10 cts/lb in North America, effective 15 July or as contracts allow. Effective 1 August or as...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/caprolactam/BASF-to-raise-prices-of-caprolactam-nylon-6-and-styrene-butadiene-polymers-in-North-America_71999.html
July 7, 2015
Leading potash producer Uralkali (Berezniki, Russia) on Tuesday announced its production results for the second quarter and first half of this year. Uralkali produced 3.0 million m.t...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Uralkali-reports-decline-in-output-of-potash-in-second-quarter-and-first-half_71975.html
July 7, 2015
Oman has asked engineering companies to submit proposals for a previously announced, world-scale acetic acid project, planned at Duqm, Oman, by a joint venture between Oman Oil Co. and...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetic_acid/Oman-progresses-with-Duqm-acetic-acid-project_71974.html
July 7, 2015
Koppers International (Pittsburgh; Koppers) says its majority-owned jv Koppers Jiangsu Carbon Chemical Co. (KJCC; Jiangsu, China) has restructured a soft-pitch supply agreement with C-Chem Jiangsu Needle Coke Co. (CJNC; Jiangsu, China) for a one-time payment of $30 million. CJNC’s facility have not begun operations as planned, and KJCC has had to sell its product into “a challenging domestic market” since July 2014, Koppers explains....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/phthalic_anhydride/Koppers-revises-supply-agreement-with-C-Chem-for-$30-million_71982.html
July 7, 2015
Orica on Tuesday said that, in response to challenging market conditions, it is adjusting its ammonium nitrate operation at the Yarwun site in Gladstone, Australia. “While we...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Orica-to-reduce-ammonium-nitrate-capacity-because-of-oversupply_71964.html
July 6, 2015
Western Potash Corp (Vancouver) said on Monday that Beijing Tairui Innovation Capital Management has agreed to make a strategic equity investment of C$80 million ($63.2 million) in...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Chinese-private-equity-firm-makes-offer-to-buy-majority-stake-in-Western-Potash_71957.html
July 6, 2015
Olin has received all the foreign regulatory approvals required to close its pending merger of certain Dow Chemical chlor-alkali and derivative assets with Olin. The transaction, still...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Dow-Olin-chlor-alkali-merger-receives-overseas-regulatory-approvals_71942.html
July 6, 2015
Paul D. Carrico has retired as Axiall president, CEO, and member of the board, effective immediately, the company says. Timothy Mann, Jr., will serve as interim president and CEO until a successor is found. “The Axiall board has an active search process under way to select the next CEO to strengthen the company’s financial performance and drive enhanced shareholder value,” the company says in a statement....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_acetate/Carrico-leaves-Axiall-after-string-of-disappointing-quarters_71944.html
July 6, 2015
Mitsui O.S.K. Lines (MOL; Tokyo) has ordered methanol carriers from Minaminippon Shipbuilding Co. (Usuki, Japan). The carriers will be equipped with the world’s first...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Mitsui-O-S-K-Lines-orders-dual-fueled-methanol-carriers_71889.html
July 5, 2015
Brahmaputra Cracker and Polymer (BCPL) has begun the commissioning of its long-delayed Assam cracker project at Lepetkata, India. Three units—the gas sweetening unit, the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Assam-gas-cracker-project-in-commissioning-phase_71883.html
July 3, 2015
Europe's toluene contract prices for July have been settled within a range of $780-785/m.t., marking an increase of $5-10/m.t. on the June agreements. Not all market participants have...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/toluene/Europe-toluene-contract-prices-for-July-settle-higher_71879.html
July 3, 2015
BP has officially commissioned the third phase of a previously announced purified terephthalic acid (PTA) project at the company's BP Zhuhai Chemical affiliate at Zhuhai, China, BP...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/BP-commissions-worlds-largest-PTA-line-at-JV-site-in-China_71877.html
July 3, 2015
PotashCorp, responding to K+S’s (Kassel, Germany) rejection on Thursday of its unsolicited proposal to acquire K+S for €41/share ($45.50), valuing the bid at €7.84...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PotashCorp-confident-K+S-concerns-can-be-addressed_71866.html
July 2, 2015
The US June ethylene contract settled at 33.75 cents/lb late yesterday, losing 0.75 cts/lb from the May contract price of 34.50 cts/lb. The decline reflects low feedstock costs and...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/US-June-ethylene-contract-settles-lower_71850.html
July 2, 2015
An initial July contract settlement for ortho-xylene (o-xylene) was reached today in Europe at €820/m.t. This is an increase of €10/m.t. over the June settlement of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/orthoxylene/Initial-Europe-o-xylene-contract-price-for-July-settles-higher_71847.html
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