IHS Chemical Week

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November 19, 2014
Sociedad Química y Minera de Chile (SQM; Santigo) reported a net income of $66.4 million during the third quarter compared with $138.9 million year-on-year (YOY). However, this...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/SQMs-reports-39-6-percent-Ebitda-margin-in-third-quarter-highest-for-six-quarters_65530.html
November 19, 2014
BASF has completed the sale of its 50% share in Styrolution to its partner, Ineos. Relevant merger control approvals have been granted. Styrolution was founded in October 2011 as a...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/BASF-completes-divestment-of-50-percent-stake-in-Styrolution-to-Ineos_65477.html
November 19, 2014
Uralkali (Berezniki, Russia), the world’s largest producer of potash, has announced the closure of its Solikamsk-2 mine due to flooding. The mine, which analysts estimate...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Uralkali-closes-big-potash-mine-due-to-flooding_65522.html
November 18, 2014
Meghmani Organics (Ahmedabad, India) says that its subsidiary Meghmani Finechem plans to build a caustic potash plant at Dahej in Gujarat State, India, near the company’s...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Meghmani-Organics-to-build-caustic-potash-plant-in-India_65288.html
November 18, 2014
BP announced today that it plans to invest more than $200 million to upgrade its purified terephthalic acid (PTA) plants at Cooper River, SC; and Geel, Belgium. The investments will...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/BP-to-invest-$200-million-at-PTA-plants-in-US-Belgium_65479.html
November 18, 2014
Westlake Chemical Corp. has awarded a contract to Technip for a previously announced ethylene expansion project at Lake Charles, LA. The contract covers detailed engineering and...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-awards-ethylene-expansion-contract-to-Technip_65496.html
November 17, 2014
A fire at Shell’s Norco, LA, refinery on 13 November sparked a rally in ethylene markets late last week. St. Charles Parish Emergency Operations Center reported on 13 November...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Shell-Norco-fire-ignites-spot-ethylene-rally_65474.html
November 14, 2014
Fertilizer producer Grupa Azoty (Tarnów, Poland) posted a net profit of 9 million zlotych in the third quarter of 2014, a big increase from the Zl 200,000 net profit reported by...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Polands-Grupa-Azoty-posts-higher-earnings_65443.html
November 14, 2014
Europe's para-xylene (p-xylene) contract price (ECP) has not yet settled for November despite market chatter about a preliminary agreement. Asia's contract price (ACP) has...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/paraxylene/Europe-p-xylene-November-contract-remains-unsettled_65453.html
November 13, 2014
Brazil's competition authority CADE (Brasilia) has rejected Braskem's proposed acquisition of Solvay's 70.59% stake in chlorvinyls company Solvay Indupa (Buenos Aires). The decision...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Brazil-blocks-Braskems-acquisition-of-Solvay-Indupa-update-adds-Braskem-comment_65343.html
November 13, 2014
M&G Chemicals (Luxembourg), a wholly owned subsidiary of Mossi Ghisolfi Group (Tortona, Italy), has signed an agreement to issue $300 million in new equity to private equity...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Private-equity-firm-TPG-acquires-minority-stake-in-M-and-G-Chemicals-via-capital-increase_65363.html
November 13, 2014
Samsung Total Petrochemicals, a 50-50 joint venture between Samsung and Total, has inaugurated an aromatics expansion at the jv's plant at Daesan, South Korea. The won1.66-trillion...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Samsung-Total-inaugurates-p-xylene-expansion-in-Korea_65361.html
November 13, 2014
BP has extended the force majeure on acetic acid production at the company's Hull-Saltend site in the United Kingdom, through December, the company says. BP will, however, raise its...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetic_acid/BP-extends-acetic-acid-force-majeure-at-UK-site-through-year-end_65357.html
November 13, 2014
Two new liquefied natural gas (LNG) powered sea vessels were launched on Teesside today. Operated by shipowner Anthony Veder, the new ships will carry liquefied ethylene gas from...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/New-vessels-launched-to-ship-Sabics-ethylene-produced-in-the-UK_65311.html
November 13, 2014
Potash producer K+S (Kassel, Germany) today reported a 1.1% increase in third-quarter revenues to €826.9 million ($1.03 billion) with Ebitda advancing 6.5% to €187.0 million...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/K+S-reports-improved-third-quarter-results-upgrades-forecast_65351.html
November 12, 2014
Technip said today that Sasol has awarded it a contract to provide engineering and procurement services for eight Technip proprietary Ultra Selective Conversion furnaces for a...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sasol-awards-ethylene-furnace-contract-to-Technip_65044.html
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
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