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November 10, 2015
Uzbekneftegaz (Tashkent), the state-owned energy company, is studying plans to build an aromatics complex in Uzbekistan. The company and Samsung Engineering have signed a memorandum of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Samsung-Engineering-signs-MOU-for-aromatics-complex-in-Uzbekistan_75124.html
November 10, 2015
Kronos (Dallas) reports a third-quarter net loss of $11.8 million, down from a profit of $31.9 million in the year-ago period. Net sales fell 19% year-over-year (YOY) to $336.5 million. The 10-cts/share loss missed the mean analyst estimate of a 9 cts/share gain as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/Kronos-swings-to-net-loss-misses-estimates_75148.html
November 10, 2015
LSB Industries (Oklahoma City, OK) has reported third-quarter results for its chemical business, which turned in an operating loss of $55 million during the quarter, versus an operating loss of $5.6 million in the year-ago period. Sales declined 15% year-over-year (YOY) to $80.6 million. The company also provided an update on the expansion of its El Dorado facility....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/LSB-says-chemical-results-drop-YOY-El-Dorado-expansion-nearly-complete_75144.html
November 10, 2015
MOL (Budapest) has inaugurated a previously announced butadiene facility at Tiszaújváros, Hungary, the company announced today. The plant is expected to improve the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/MOL-inaugurates-butadiene-facility-Europes-butadiene-producers-face-softening-demand_75134.html
November 10, 2015
SNC-Lavalin has been awarded an engineering, procurement and construction management (EPCM) contract by Yara International, through its subsidiary Yara Dallol, for a greenfield potash...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Yara-awards-contract-for-Ethiopian-potash-project_75131.html
November 9, 2015
Altivia Petrochemicals (Houston) said on Friday that it has completed the acquisition of the Haverhill Chemical (Houston) assets, which produce phenol, acetone, alpha-Methylstyrene (AMS) and bisphenol-A (BPA). The completion of the acquisition comes after a US bankruptcy court approved the sale earlier in the week....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/Altivia-completes-Haverhill-acquisition-product-to-ship-this-month_75115.html
November 9, 2015
Enterprise Products Partners (Houston) has obtained another long-term contract for the export of ethane from its Morgan’s Point, TX, terminal, now under construction. With this latest deal, nearly 90% of the terminal’s 200,000 bbl/day operating capacity has been committed, says the company....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Enterprise-has-contracted-90-percent-of-Morgans-Point-TX-ethane-terminal_75114.html
November 9, 2015
Oxiteno (São Paolo) intends to build a $113 million, 170,000 m.t./year ethoxylation unit at its site in Pasadena, TX, more than doubling the original planned capacity. The company hopes to begin construction by the second quarter of 2016, with start-up to come in the fourth quarter of 2017. João Parolín, CEO, says the investment is part of a long-term plan to turn the Pasadena site into a large, integrated production facility capable of supplying the range of Oxiteno’s technology to the North American market....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene_oxide/Oxiteno-to-build-$113-million-170000-m-t-year-ethoxylation-plant-at-Pasadena-TX_75113.html
November 9, 2015
Ineos Europe, ExxonMobil Chemical and Shell Chemicals Europe on Monday announced a long-term sale and purchase agreement to secure ethane from US shale gas for the Fife ethylene plant...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Ineos-to-supply-ethane-from-US-to-ExxonMobils-Mossmorran-UK-cracker_75097.html
November 13, 2015
Ineos plans to restart an idled 100,000-m.t./year acrylonitrile line at its Green Lake, TX, facility, despite difficult market conditions. The company says the move will increase the site’s nameplate acrylonitrile capacity to 540,000 m.t./year....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acrylonitrile/Ineos-to-restart-idled-100000-m-t-year-ACN-line-at-Green-Lake-TX_75066.html
November 6, 2015
Borealis's 610,000-m.t./year steam cracker at Stenungsund, Sweden, is scheduled to restart this weekend after delays following a planned maintenance turnaround, Borealis has confirmed...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Borealis-Stenungsund-cracker-restart-imminent-Europes-ethylene-market-still-has-some-length_75067.html
November 5, 2015
Tronox (Stamford, CT) reports a net loss for the third-quarter of $54 million, versus a loss of $90 million in the year-ago quarter. Net sales totaled $575 million, up 34% year-over-year (YOY). Adjusted earnings came to a loss of 46 cts/share, short of the mean analyst estimate of a 12-ct/share loss, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/Tronox-misses-on-a-third-quarter-net-loss-of-$54-million_74997.html
November 5, 2015
Uralchem (Moscow), a major fertilizer producer, on Thursday released its production data covering the first nine months of this year. The company produced 4.4 million m.t. of...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Uralchem-raises-fertilizer-production-in-first-nine-months_74988.html
November 5, 2015
Trinseo (Berwyn, PA) reports net income of $52 million for the third quarter, up from a $10 million loss in the year-ago period. Sales totaled $1.028 billion, down 21% year-over-year (YOY) on the pass-through of lower raw material costs, says the company. Adjusted earnings of $1.07/share missed the mean analyst estimate of $1.28/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Trinseo-swings-to-$52-million-profit-misses-estimates_74979.html
November 4, 2015
Acetone prices in Asia are under pressure and likely to continue falling as supply continues to outpace demand, IHS Chemical says. Three new Chinese units—Sinopec, FCFC...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/Acetone-prices-in-Asia-likely-to-continue-falling-as-supply-outpaces-demand_74957.html
November 4, 2015
Versalis, the chemicals subsidiary of ENI (Rome); and KBR, a global technology, engineering, procurement, and construction company, announced on Wednesday that they have agreed on KBR...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylbenzene/Versalis-and-KBR-enter-ethylbenzene-and-styrene-technology-agreement_74956.html
November 3, 2015
Mosaic on Tuesday reported third-quarter net earnings down 21% year-on-year (YOY), to $160 million, on sales down 9%, to $2.1 billion. Sales and earnings declined because of lower...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Mosaic-earnings-down-on-lower-volumes-prices_74935.html
November 3, 2015
Olin reports third-quarter income of $5.9 million, down 77% year-on-year (YOY), on sales of $533.6 million, down 10% YOY. Adjusted earnings of 27 cts/share missed the mean analyst estimate of 32 cts/share compiled by Thomson Reuters (New York). Olin says it may idle or permanently close 250,000–450,000 m.t./year of chlor-alkali capacity. The company plans to provide details in the first quarter of 2016....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Olin-says-earnings-down-77-percent-plans-to-rationalize-chlor-alkali_74933.html
November 3, 2015
Westlake Chemical Partners reports third-quarter net income attributable to the partnership of $10.1 million, down from $10.4 million in the second quarter. Net sales of Westlake Chemical OpCo totaled $248.6 million during the quarter, down $251.7 million in the second quarter. Adjusted earnings of 37 cts/share fell short of the mean analyst estimate of 40 cts/share, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-Chemical-Partners-income-down-3-percent_74929.html
November 3, 2015
OCI Partners (Nederland, TX) reports net income for the third quarter of $23 million, up 21% year-over-year (YOY), on revenues of $104 million, up 16% YOY. Earnings of 27 cts/share fell just shy of the mean analyst estimate of 28 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/OCI-Partners-net-income-up-21-percent-YOY-revenues-up-16-percent_74938.html
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