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November 12, 2014
Reports say investment giant Capital Group has upped its stake in PotashCorp to 83.1 million shares—just above 10% of the total, making its ownership double that of any other...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Reports-Capital-Group-ups-stake-in-PotashCorp_65322.html
November 12, 2014
Indorama Ventures (Bangkok), a major producer of polyester, plans to further back integrate to ethylene production and is in discussions with partners to build a greenfield ethylene...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Indorama-plans-shale-cracker-JV-in-the-US-another-MEG-plant_65314.html
November 12, 2014
LyondellBasell Industries will invest about €200 million to modernize its petrochemical site at Berre, France, following the permanent closure of the company's refinery at the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/LyondellBasell-to-invest-&euro200-million-at-Berre-site_65313.html
November 11, 2014
OCI Partners (Nederland, TX) reports third-quarter income of $19 million, down 21% year-over-year (YOY) from $24 million. Sales totaled $90 million, down 6% YOY from $96 million. The company cites lower ammonia production and lower methanol prices....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/OCI-Partners-earnings-down-21-percent-YOY-on-volume-costs_65301.html
November 11, 2014
Atul, a major base chemicals and derivatives producer in western India, is converting its mercury cell chlor-alkali plant to membrane technology. The company has awarded ThyssenKrupp...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Atul-builds-membrane-cell-chlorine-plant-in-India_65287.html
November 11, 2014
The Israeli cabinet has approved the country's Sheshinski Committee II's recommendations on fiscal and tax policies for Israel's natural resources, the country's ministry of finance...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Israeli-cabinet-approves-recommendations-for-higher-taxes-on-companies-exploiting-natural-resources_65286.html
November 10, 2014
Momentive Specialty Chemicals (MSC) today reported third-quarter Ebitda up 4% year-on-year (YOY), to $125 million, on revenues up 8%, to $1.35 billion. The increases were mostly due to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/formaldehyde/Momentive-Specialty-Chemicals-reports-earnings-increase_65277.html
November 10, 2014
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB; La Paz), has awarded Tecnimont a consulting services contract on YPFB's planned propylene and polypropylene (PP)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Tecnimont-wins-consulting-contract-for-YPFB-propylenePP-project_65255.html
November 10, 2014
Idemitsu Kosan (Tokyo) restarted its 687,000-m.t./year steam cracker at Tokuyama, Japan, this weekend, according to media reports. The cracker was offline since October following an...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Idemitsu-Kosan-restarts-Tokuyama-cracker_65257.html
November 10, 2014
Chevron Phillips Chemical (CPChem; The Woodlands, TX) says it has begun the process of restarting the ethylene plant at its Port Arthur, TX, facility. The company expects the plant to be running at full capacity by the end of the year....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/CPChem-restarts-Port-Arthur-TX-ethylene-plant_65276.html
November 10, 2014
Virent (Madison, WI) and the PlantPET Technology Collaborative (PTC) have announced that they have signed an expression of interest that provides individual members of the PTC an...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/paraxylene/Virent-PlantPET-Technology-Collaborative-sign-expression-of-interest-on-plant-based-p-xylene_65253.html
November 10, 2014
Chinese investors have begun financing two petrochemical projects under construction in Iran. "The letters of credit for two petrochemical units each with a value of €350-400...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Chinese-investors-financing-Iranian-petchem-projects_65244.html
November 10, 2014
Qatar Fertilizer Co. (Qafco; Doha), a leading global producer of ammonia and urea, and the University of Liege in Belgium have signed an agreement for joint research cooperation into...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Qafco-and-University-of-Liege-sign-research-agreement-into-use-of-urea-in-poultry-feed_65247.html
November 10, 2014
The board of directors of PetroChina-Rosneft Orient Petrochemical (Tianjin) Co., a joint venture in which China National Petroleum Corp. (CNPC; Beijing) has 51% and Rosneft the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/paraxylene/CNPC-and-Rosneft-endorse-Tianjin-refinery-and-aromatics-study_65246.html
November 7, 2014
Rentech Nitrogen has announced a third-quarter net loss of $3.1 million compared with a net loss of $22.3 million in the year-ago quarter on revenues down 9.8% year-on-year (YOY), to...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Rentech-Nitrogen-reports-declining-earnings_65227.html
November 7, 2014
Japan's ethylene production dropped to 6.1 million m.t. last year from 7.2. million m.t. in 2007, according to a recent report published by the Ministry of Economy, Trade, and Industry...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Japan-government-seeks-to-align-ethylene-production-with-shrinking-demand_65222.html
November 7, 2014
LSB Industries (Oklahoma City) reports a net loss of $3.8 million for the third quarter versus income of $10.3 million in the year-ago period. Sales of $171 million were down 3% year-o-year (YOY) from $177 million. Diluted earnings totaled a 17-ct loss per share....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/LSB-Industries-reports-$3-8-million-loss-on-maintenance-raw-material-costs_65229.html
November 7, 2014
Shell Chemical is exercising its option to buy a site in Monaca, PA, for a potential world-scale ethylene and derivatives project, according to Horsehead Holding, owner of the site. The deal brings the project, which would include an ethane cracker and polyethylene plants, one step closer to realization. However, Shell has not made a final investment decision....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Shell-to-buy-site-in-Monaca-PA-for-cracker-project_65228.html
November 7, 2014
Caustic soda supply has tightened considerably in northwestern and southern Europe because of production issues plaguing various producers. These issues range from industrial action to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene_dichloride/Caustic-soda-prices-spike-in-Europe-as-production-issues-constrain-supply_65218.html
November 7, 2014
Westlake Chemical is restarting its 263,000-m.t./year styrene plant at Lake Charles, LA, after shuttering the facility more than two months ago due to unfavorable economics. Product...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Westlake-restarting-styrene-plant-on-lower-benzene-prices-tighter-European-market_65232.html
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