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June 10, 2014
Sibur (Moscow), Russia’s largest petrochemicals producer, today reported a 263% increase in first-quarter profit, to 56.8 billion Russian rubles ($1.65 billion), on 21% higher...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sibur-reports-big-increase-in-first-quarter-results-new-PP-plant-contributes_61641.html
June 9, 2014
The 11th International Petrochemical Forum (IPC), a two-day event that began at Tehran on Saturday, attracted 50 foreign and 330 Iranian companies, local news agencies report. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Iran-to-double-petrochemical-capacity-say-officials-at-industry-conference_61615.html
June 9, 2014
Sasol and Ineos have committed to a 50-50 joint venture to produce bimodal high-density polyethylene (HDPE) at Ineos’s Battleground Manufacturing Complex in LaPorte, TX. The jv will construct a 470,000-m.t./year HDPE plant, which is expected to begin operation in 2016....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sasol-and-Ineos-go-forward-on-Texas-HDPE-joint-venture_61626.html
June 9, 2014
GlyEco (Phoenix) has begun servicing its polyester by-products supply agreement with an unspecified, large, multinational polyester fiber producer, the company announced today...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene_glycol/GlyEco-servicing-by-products-supply-agreement-with-polyester-fiber-multinational_61622.html
June 9, 2014
The Ministry of Commerce (Mofcom; Beijing) has extended China’s antidumping measures for acetone imported from Japan, Singapore, South Korea, and Taiwan for a further five years...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/China-extends-antidumping-measures-on-acetone-from-Japan-Singapore-South-Korea-and-Taiwan_61617.html
June 6, 2014
Trinseo, formerly Styron, today launched an initial public offering, aiming to raise $170–190 million through the sale of 10 million common shares. The company has also applied...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Trinseo-launches-$180-million-IPO_61481.html
June 5, 2014
The explosion that occurred in the evening of 3 June at Shell Chemicals' Moerdijk, Netherlands, site has caused styrene prices to rise and is expected to result in more balanced...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Moerdijk-explosion-drives-up-styrene-spot-prices-in-Europe_61583.html
June 5, 2014
The Competition Tribunal of South Africa today imposed a combined 534-million South African rand ($49.9 million) penalty for excessive pricing of propylene and polypropylene...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/South-Africa-penalizes-Sasol-$50-million-for-overcharging-for-propylene-PP_61578.html
June 4, 2014
Bowleven (Edinburgh, UK), an Africa-focused oil and gas exploration group, has announced that an important milestone has been reached in the exploitation of the Etinde gasfield...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Cameroon-reaches-important-milestone-in-fertilizer-and-LNG-projects_61550.html
June 3, 2014
A groundbreaking ceremony was held last month for the world’s first methanol-ammonia plant using Haldor Topsoe's integrated methanol and ammonia production (IMAP) technology. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Haldor-Topsoe-provides-technology-for-worlds-first-IMAP-methanol-ammonia-plant-in-Russia_61504.html
June 3, 2014
Linde and BASF announced today that they intend to cooperate in developing and licensing processes for on-purpose production of linear butenes and butadiene. BASF has developed process...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/Linde-and-BASF-join-forces-to-develop-on-purpose-butadiene-production-technology_61503.html
June 3, 2014
Marubeni is interested in taking over a potash project at Rio Colorado, Argentina that was previously being developed by Vale (Rio de Janeiro), according to a report from Argentine...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Report-Marubeni-eyes-Argentinas-Rio-Colorado-potash-project_61509.html
June 2, 2014
Gevo (Englewood, CO) says it is selling para-xylene (p-xylene) derived from its renewable isobutanol to Toray Industries. Toray expects to produce polyester fibers, yarns, and...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/paraxylene/Gevo-ships-biobased-p-xylene-to-Toray_61474.html
June 2, 2014
Uralchem (Moscow), a leading fertilizer producer, reports a 21% decline in first-quarter operating profit, to 5.27 billion Russian rubles ($150.9 million), on 7% lower sales, R19.4...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Uralchem-reports-lower-earnings-and-revenues_61473.html
June 2, 2014
Ineos announced today that, following clearance from the European Commission, it has completed the acquisition of the Sasol's solvents assets in Germany and the associated production...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/isopropyl_alcohol/Ineos-completes-acquisition-of-Sasols-solvents-business-in-Germany_61469.html
June 2, 2014
Rashtriya Chemicals and Fertilizers (RCF; Mumbai) has shelved plans to build a $1-billion fertilizer complex in Ghana because it could not secure gas supplies for the project, Indian...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Rashtriya-Chemicals-and-Fertilizers-drops-plans-to-build-fertilizer-complex-in-Ghana_61466.html
May 31, 2014
Brass Fertilizer Co. (Victoria Island, Nigeria) and a Danish consortium led by Haldor Topsøe, have announced the signing of an agreement to design and construct a $3.5-billion...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Brass-Fertilizer-signs-contract-to-build-large-urea-and-methanol-complex-in-Nigeria_61461.html
May 30, 2014
Mexico's federal electricity commission CFE (Mexico City) and Gas y Petroquímica de Occidente (GOP), a subsidiary of ProMan (Wollerau, Switzerland), signed an agreement for the...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Mexicos-federal-electricity-commission-to-supply-natural-gas-to-fertilizer-plant_61447.html
May 30, 2014
The State Bank for Foreign Economic Affairs of Turkmenistan has signed a 10-year loan agreement with the Japan Bank for International Cooperation and the South Korea Export-Import...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Turkmenistan-signs-loan-agreement-for-petchems-project_61448.html
May 29, 2014
Mosaic announced today that its president and CEO James Prokopanko is taking a medical leave of absence for surgery to treat his previously disclosed cancer. The company announced in...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Mosaic-CEO-takes-medical-leave-interim-CEO-and-new-CFO-named_61428.html
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