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March 14, 2013
Dow Chemical says it plans to divest up to $1.5 billion worth of businesses over the next 18 months, including its polypropylene licensing and catalysts business and its plastic...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Dow-details-$1-5-billion-divestiture-plan_50507.html
March 14, 2013
LyondellBasell Industries said today that it will add 800 million lbs/year of ethylene capacity at its Corpus Christi, TX, site by late 2015. Company officials also announced plans to add as much as 1.2 billion lbs/year of polyethylene (PE) in the United States by 2016 at an analyst meeting in New York today....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/LyondellBasell-details-ethylene-boost-at-Corpus-Christi-plans-PE-unit_50474.html
March 14, 2013
K+S reported adjusted group fourth-quarter earnings of €131.6 million ($171.1), about 12% lower than the year-ago quarter. At €183.2 million, operating earnings also fell 12%...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/K+S-fourth-quarter-earnings-down-12-percent_50503.html
March 13, 2013
ZeaChem (Lakewood, CO) says it has successfully produced commercial-grade cellulosic chemicals and ethanol at its 250,000-gal/year demonstration biorefinery at Boardman, OR...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetic_acid/ZeaChem-starts-production-of-commercial-grade-cellulosic-chemicals_50471.html
March 12, 2013
Vale said Monday that it had informed the Argentinean government that is suspending work on a potash project at Rio Colorado, Argentina. The company says that the project is not...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Vale-suspends-Rio-Colorado-potash-project-updated_50410.html
March 12, 2013
Vale (Rio de Janeiro) has requested that the Mendoza, Argentina provincial government extend, until the end of this month, a deadline for the presentation of a work plan for...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Report-Vale-secures-extension-to-Argentina-potash-work-plan-denied-$2-billion-tax-break_49650.html
March 11, 2013
Ineos Phenol and Sinopec Yangzi Petrochemical Co. (Sinopec YPC) have today initialled joint venture agreements for the design, build, and future operation of a previously announced...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/Ineos-and-Sinopec-go-ahead-with-$500-million-phenol-acetone-investment-in-China_50408.html
March 8, 2013
The auction of a 12.5% of worth of shares in Rashtriya Chemicals and Fertilisers (RCF; Mumbai) by the Indian government closed today, raising some 3.1 billion Indian rupees...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Reports-Indian-government-sale-of-RCF-stake-oversubscribed_50377.html
March 7, 2013
Polystyrene (PS) prices fell in Europe between January and February, sliding on the back of lower-than-expected demand. But sellers are expecting an increase in the styrene monomer...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/European-PS-producers-bullish-on-prices-despite-weak-end-user-demand_50275.html
March 6, 2013
The Indian government has fixed 8 March 2013 as the date when it will divest a 12.5% stake in Rashtriya Chemicals & Fertilisers (RCF; Mumbai) through an offer for sale (OFS)...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Reports-Indian-government-to-sell-12-5-percent-stake-in-RCF_50278.html
March 6, 2013
A legal dispute has erupted between Klesch Group (Geneva), a special situations investor; and Arkema over Kem One (Lyon, France), the former vinyls business of Arkema, which Klesch...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Klesch-and-Arkema-lock-horns-over-vinyls-producer-Kem-One_50221.html
March 6, 2013
SK Gas (Seoul), South Korea's largest importer and distributor of liquefied petroleum gas (LPG), said today that it has signed a deal with Lummus Technology to use Lummus’s...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/SK-Gas-selects-Lummus-Catofin-technology-for-PDH-plant-in-Korea_50274.html
March 6, 2013
KBR has confirmed that it was selected by ammonia producer Panca Amara Utama (PAU; Jakarta) to provide licensing, engineering services, and proprietary equipment for a new...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/KBR-confirms-contract-for-ammonia-plant-in-Indonesia_50270.html
March 4, 2013
Verde Potash (Toronto) says it has applied for a preliminary environmental permit, or licença prévia (LP), for its Minas Gerais, Brazil, Cerrado Verde potash project to...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Verde-Potash-files-permit-for-Brazilian-potash-project_50227.html
March 4, 2013
Sabic will not be going ahead with plans announced last year to build a $5.3-billion methanol-to-olefins complex in Trinidad and Tobago in a joint venture with Sinopec, Sabic said...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sabic-pulls-out-of-$5-3-billion-methanol-to-olefins-JV-project-in-Trinidad-and-Tobago-Update_50216.html
March 4, 2013
Qatar Chemical and Petrochemical Marketing and Distribution Co. (Muntajat; Doha), a newly created trading firm in Qatar, has taken over exclusive responsibility for the marketing...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Qatar-transfers-Qafcos-marketing-activities-to-new-trading-firm-Muntajat_50215.html
March 1, 2013
Ascend Performance Materials (Houston) is proceeding with plans to build a $1.2-billion propane dehydrogenation (PDH) facility at its Chocolate Bayou complex at Alvin, TX. The PDH unit...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Ascend-plans-$1-2-billion-PDH-plant-at-Chocolate-Bayou_50166.html
March 1, 2013
Mexichem's consolidated fourth-quarter results are in line with the preliminary figures released in mid-February. The company announced additionally a 79-million Mexican peso ($6.18...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Mexichem-consolidated-fourth-quarter-results-show-loss-of-peso79-million_50204.html
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