IHS Chemical Week

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July 31, 2014
Vale's (Rio de Janeiro) gross operating revenue from its fertilizer operations totaled $661 million in the second quarter, down about 18% year-on-year (YOY), and net revenue amounted...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Vales-fertilizer-revenue-down-18-percent_62871.html
July 31, 2014
Westlake Chemical has closed the previously announced €490-million ($656.5 million) acquisition of polyvinyl chloride (PVC) manufacturer Vinnolit Holdings (Ismaning, Germany) and...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Westlake-closes-&euro490-million-Vinnolit-acquisition_62856.html
July 31, 2014
Braskem-Idesa, the joint venture implementing the Ethylene XXI project in Mexico, says it has appointed Jorge Barreda Vázquez as its new commercial director effective 1 August...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Braskem-Idesa-appoints-new-commercial-director-for-Ethylene-XXI-project_62855.html
July 30, 2014
Intrepid Potash today announced its second quarter results, as well as the resigning of its current CFO Dave Honeyfield—effective 29 August. Honeyfield is resigning in order to...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Intrepid-Potash-reports-earnings-drop-CFO-resigns_62832.html
July 30, 2014
Westlake Chemical Partners (Westlake Partners; Houston), a master limited partnership formed to manage the ethylene production assets of Westlake Chemical, has begun trading on the New York Stock Exchange (NYSE). Shares opened the first day of trading, 30 July, at $30.28....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-Chemical-Partners-prices-IPO-at-$24share-begins-trading-on-NYSE_62810.html
July 30, 2014
Cargill has completed the acquisition of Mosaic's salt production business at Hersey, MI, Cargill says. Financial terms of the agreement were not disclosed. In November 2013, Mosaic...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Cargill-acquires-Mosaics-salt-production-in-Michigan_62808.html
July 30, 2014
Mosaic says it plans to discontinue production of muriate of potash (MOP) at its Carlsbad, NM facility. The final date of production is expected to be 31 December, according to...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Mosaic-to-end-MOP-production-at-New-Mexico-facility_62667.html
July 30, 2014
Eastman shut down its HCC-4 hydrocracker at Longview, TX, on 28 July after discovering a leak in a process pipe. The pipe is being repaired, and Eastman expects to bring the unit back online later this week. The incident caused no injuries, and the company does not expect it to have any offsite impact....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Eastman-Longview-cracker-down-for-repairs_62778.html
July 29, 2014
IHS has entered into a partnership agreement with The Chlorine Institute (CI) that will allow IHS to provide worldwide access to CI’s safety and technical publications via IHS content platforms. The content will cover safe production, handling, and packaging; health and the environment; emergency planning and response; and properties of chemicals and analytical techniques. The materials will continue to be available directly from the CI Bookstore....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/IHS-to-host-Chlorine-Institute-safety-and-technical-publications_62763.html
July 28, 2014
Compass Minerals today reported its second-quarter results, posting a loss of $700,000 in earnings, down from a $10.6-million gain year-on-year (YOY). An earnings per share loss of 2...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Compass-Minerals-reports-loss-on-weak-salt_62744.html
July 25, 2014
PhosAgro (Moscow), a leading fertilizer producer, says production and sales in the first half of this year rose 3.4% and 3.9%, respectively. Production reached 3.08 million m.t. and...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PhosAgro-reports-higher-production-on-strong-fertilizer-demand_62715.html
July 25, 2014
Olin (Clayton, MO) reports a 16% year-over-year (YOY) decline in second-quarter income, the result of weak results in the chlor-alkali segment. Sales declined across the board. However, earnings of 46 cts/share beat the analysts’ consensus estimate of 45 cts/share, as reported by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Olin-earnings-down-on-weak-chlor-alkali_62710.html
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
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 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
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