IHS Chemical Week

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July 29, 2015
Huchems Fine Chemical Corp. (Seoul), a subsidiary of Taekwang Group (Seoul), is investing 1 trillion South Korean won ($864 billion) to build an ammonia  plant in the state of...
July 29, 2015
Europe's benzene price is under pressure in the runup to contract price discussions as a combination of a weaker US market and lower crude numbers have pulled spot prices lower this...
July 29, 2015
Kuwait’s Petrochemical Industries Corp. (PIC; Kuwait City), wholly owned by Kuwait Petroleum Corp., is at an advanced stage of a feasibility study for a petrochemicals and...
July 28, 2015
A tight market may prompt US purified terephthalic acid (PTA) consumers to look at Asia as an alternative for para-xylene (PX), according to IHS Chemical. Discussions have emerged this...
July 28, 2015
LyondellBasell reports net income from continuing operations of $1.3 billion, up 7.8% year-over-year (YOY) as higher volumes and lower feedstock costs more than offset declines in product prices. Sales totaled $9.1 billion, up 11.7% YOY....
July 28, 2015
The recent decline in benzene spot prices in the United States suggests that the August benzene contract will likely settle lower at the end of this week. The expected decline comes...
July 28, 2015
The main aromatics products imported into China dropped hugely in May, data obtained by IHS Chemical show. Total import volumes into China for the month amounted to 1.51 million m.t...
July 28, 2015
Yara  International (Oslo) and BASF broke ground Monday on a previously announced world-scale ammonia plant at the BASF site in Freeport, TX. As part of the project, Yara will...
July 27, 2015
US aromatics prices are on the decline late in late July, following the direction of NYMEX energy futures. Last week, NYMEX Rbob ended on Friday at $182.82 per gallon its lowest level...
July 27, 2015
Jiaxing Petrochemical (Jiaxing City, China) says it has licensed Invista’s P8 process technology for a second purified terephthalic acid (PTA) line at its facility in Jiaxing City....
July 27, 2015
Arab Potash Co.’s (APC; Amman) sales revenues in the first six months were 263.8 million Jordanian dinars ($372.3 million) compared with JD278.2 million in the same period last...
July 27, 2015
Uralchem (Moscow), a leading nitrogen and complex fertilizer producer, on Monday said that its enterprises produced 3 million m.t. in the first six months of this year, 3% more than in...
July 27, 2015
Phillips 66 said on Friday that its Alliance refinery in Louisiana was in process of restarting units impacted by yesterday's power loss. The refinery experienced a brief loss of power...
July 24, 2015
The European Commission has approved CVC Capital Partners' (London) acquisition of a majority stake of Royal DSM's fiber intermediates and composite resins business, including DSM...
July 24, 2015
Mitsubishi Heavy Industries (MHI) and Mitsubishi Corp. said on Friday that they will build a large-scale ammonia and urea fertilizer production plant for Navoiazot, a chemical...
July 24, 2015
Lithuanian firm Investimus Foris plans to invest $265 million to convert an idle biofuels refinery in Grant Parish, LA, into ammonia manufacturing facility, company chairman Arunas...
July 23, 2015
Sinopec has announced its unaudited production data covering the first six months of the year. Ethylene and synthetic resins production were each up 7.3%, to 5,457,000 m.t. and...
July 22, 2015
Alpek’s (Monterrey, Mexico) second-quarter net income more than doubled year-on-year (YOY), to $83 million, driven mainly by an improvement in the company's operating results...
July 22, 2015
Shaoxing Yuandong Petrochemical (Shaoxing, China) has filed for liquidation. The company says it lacks the ability to repay debt due for repayment. The company held a provisional...
July 22, 2015
GS Engineering & Construction (Seoul) has signed a contract with Korea Petrochemical Industry Co. (KPIC; Seoul) to expand a naphtha South Korea, the engineering firm says in a...
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