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March 1, 2013
Hanwha Chemical (Seoul) plans to build an ethylene plant in the United States in collaboration with a local shale gas company, according to Korean press reports, citing an unnamed...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Hanwha-eyes-US-ethylene-plant-based-on-low-cost-shale_50173.html
March 1, 2013
Oiltanking Grindrod Calulo (Durban, South Africa), an Oiltanking (Hamburg) subsidiary, has entered into an agreement to acquire the business of Grindrod Tank Terminals, a division of...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Oiltanking-acquires-two-terminals-in-South-Africa-secures-licenses-for-chemicals_50201.html
March 1, 2013
Net income for the fourth quarter 2012 totaled $95.3 million, or $1.42 per diluted share, compared to net income of $26.4 million, or $0.40 per diluted share, in the year-ago period....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-earnings-soar-on-shale-advantage_49940.html
March 1, 2013
Fourth-quarter 2012 profit totaled $57 million on revenue of $1.104 billion, versus profit of $77 million on revenue of $1.102 billion in the year-ago period....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Nova-earnings-down-on-falling-ethylene-prices_50200.html
March 1, 2013
TPC Group’s (TPC; Houston) board has approved capital spending for the next phase of engineering for a planned on-purpose butadiene unit, the company said. TPC expects...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/TPC-gets-green-light-for-on-purpose-butadiene-production-plans_50175.html
March 1, 2013
Fertilizer makers say earnings, and demand, are set to recover in early 2013, and an early spring application season indicates signs of an uptick—particularly for nitrogen and...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Fertilizer-outlook-mixed-as-nitrogen-grows-potash-slumps_50174.html
March 1, 2013
Oversupply and tepid demand for titanium dioxide (TiO2) has sent prices and profits lower, but analysts expect prices to stabilize in early 2013 as demand improves from the spring...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/TiO2-slump-hurts-results-but-prices-may-stabilize-soon_50170.html
March 1, 2013
Unusually weak demand for coproduct phenol has tightened acetone supply in the United States and Europe, sending prices upward, say analysts at IHS Chemical. Acetone prices for small...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/Acetone-prices-in-Europe-and-US-rise-on-tight-supply-weak-phenol_50145.html
March 1, 2013
Oversupply and sluggish demand will continue to impact the price of acrylonitrile butadiene styrene (ABS) in Europe throughout 2013 with changes mostly dictated by feedstock prices, a...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acrylonitrile/European-ABS-prices-to-stagnate-in-2013-on-poor-demand-oversupply_50133.html
March 1, 2013
Borealis, one of the largest European manufacturers of polyolefins, achieved a 72% rise in fourth-quarter 2012 net profit, driven in part by the company’s growing presence in the European fertilizer sector, in which it continues to expand through acquisition....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Fertilizer-business-will-stabilize-Borealiss-revenue-stream_50121.html
March 1, 2013
Stamicarbon (Sittard, Netherlands), the licensing subsidiary of Maire Tecnimont (Milan), has signed two contracts with Jiangsu Linggu Chemical Industry Co. for a new urea complex to be...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Chinese-firm-selects-Stamicarbon-urea-process-for-plant-at-Yixing_50184.html
March 1, 2013
India will need to allow fertilizer producers to raise urea prices to farmers or provide additional funding, following a decision to cut fertilizer subsidy in the 2013–14 budget...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Indias-cut-in-fertilizer-subsidy-may-lead-to-higher-urea-prices_50183.html
February 28, 2013
Cristal announced it is increasing prices, effective 1 April, on anatase and rutile titanium dioxide (TiO2) products in North America, Europe, the Mideast, Africa, Latin America, and...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/Cristal-increases-titanium-dioxide-prices_50118.html
February 28, 2013
Toyo Engineering (Narashino, Japan) says that it has been awarded a contract to build an ammonia plant for Panca Amara Utama (PAU; Jakarta), a subsidiary of Surya Esa Perkasa (SEP...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Toyo-Engineering-awarded-contract-for-ammonia-project-in-Indonesia_50106.html
February 27, 2013
Ascend Performance Materials (Houston) is proceeding with plans to build a $1.2-billion propane dehydrogenation (PDH) facility in at its Alvin, TX, site. The PDH unit will use propane...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Ascend-plans-$1-2-billion-on-purpose-propylene-plant-at-Alvin-TX-site_50088.html
February 27, 2013
Pacific Potash (Vancouver) says it has negotiated new terms to its previously announced option and joint venture agreement, dated 16 May 2012,  with Western Potash (Vancouver) for...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Pacific-Potash-acquires-100-percent-rights-in-the-Amazonas-Basin-Potash-property_50086.html
February 27, 2013
Highfield Resources (West Perth, Australia) has confirmed an exploration target for its Pintano Potash project in Spain's Ebro Basin, the company announced today. Highfield's...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Highfield-Resources-confirms-exploration-target-for-one-of-its-three-Spanish-potash-projects_50084.html
February 26, 2013
TPC expects engineering design optimization for the project to be complete by the end of the third quarter of 2013, with start-up to come in 2016....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/TPC-gets-green-light-for-on-purpose-butadiene_50065.html
February 26, 2013
Borealis, one the largest European manufacturers of polyolefins, saw its fourth-quarter net profit rise by 72%, driven in part by the company's growing presence in the European...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Borealis-looks-to-its-expanding-fertilizer-business-to-create-a-more-stable-revenue-stream_50060.html
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