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February 20, 2014
Axiall reported fourth-quarter net income of $57 million, up 78% year-over-year (YOY). Net sales of $1.1 billion for the quarter were up 44% YOY. The company attributes the gains primarily to the merger with PPG’s chemical’s business. Adjusted earnings of 88 cts/share beat the analysts’ consensus estimate of 67 cts/share....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Axiall-fourth-quarter-net-income-up-78-percent-to-$57-million_58947.html
February 20, 2014
Mitsui OSK Lines (MOL; Tokyo) says it has received a new building charter contract for two methanol carriers from Atlantic Methanol Production Co. (AMPCO; Equatorial Guinea), based on...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Mitsui-OSK-to-build-two-methanol-carriers-for-charter-to-Atlantic-Methanol_58940.html
February 20, 2014
  The Arab Potash Co. (APC; Amman) and the Jordan Bromine Co. (JBC) have signed an agreement with Noble Energy Co. (Houston, TX) to import 2 billion cubic meter of natural gas for...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Arab-Potash-and-Jordan-Bromine-sign-deal-with-US-firm-to-import-gas-from-Israel_58938.html
February 19, 2014
CF Industries’ CFO Dennis Kelleher said in the company’s fourth-quarter earnings call that early indications suggest that placement of existing assets in a master limited...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/CF-Industries-dissuaded-on-MLP-talks-CFO-says_58929.html
February 19, 2014
Westlake Chemical (Houston) held a dedication ceremony for its new Geismar, LA, chlor-alkali plant on 19 February....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Westlake-dedicates-Geismar-chlor-alkali-facility_58926.html
February 19, 2014
Ningbo Fortune Petrochemical (Ningbo, China) has selected UOP's C3 Oleflex process technology to convert propane to propylene via propane dehydrogenation. Ningbo Fortune will employ the technology in a 600,000-m.t./year propylene plant that is expected to start up in 2016....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Ningbo-Fortune-licenses-UOPs-Oleflex-propylene-technology_58902.html
February 19, 2014
K+S says it has made further progress with the construction of a new potash plant in Canada, the Legacy project. The first cavern for extracting potash brine solution was recently...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/K+S-makes-progress-with-Legacy-potash-project-in-Canada_58897.html
February 19, 2014
Verde Potash (Toronto), a Brazilian fertilizer development company, said on Tuesday that the Brazilian government will help fund the construction of its previously announced...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Verde-Potash-secures-financing-for-Cerrado-Verde-project-in-Brazil_58894.html
February 18, 2014
Terra Nitrogen LP reported fourth quarter net earnings of $113.6 million, down 24% year-over-year (YOY) on sales down 17%, to $168 million. The company says results for the...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Terra-Nitrogen-reports-weak-quarter-on-price-slump_58889.html
February 18, 2014
Weak fertilizer prices pushed CF Industries’ earnings lower in the fourth quarter, with the company reporting net income of $325.8 million, down 30% year-over-year (YOY)...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/CF-Industries-earnings-slump-on-weak-fertilizer-market_58888.html
February 18, 2014
The privatization of insolvent chemicals and petrochemicals producer Oltchim (Ramnicu Valcea, Romania) has been delayed by almost two months, the company says. The deadline for the...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Oltchim-privatization-delayed_58867.html
February 18, 2014
Mosaic announced on 14 February that it had entered into a share-repurchase agreement with “certain Cargill family trusts” to buy about 8.2 million shares of Class A stock...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Mosaic-buys-back-8-2-million-shares-from-Cargill-trusts_58847.html
February 17, 2014
Technip has been awarded a contract by Kazanorgsintez to provide technology and services for a grassroots furnace to be installed at the Kazan petrochemical complex in Russia, Technip...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Technip-awarded-ethylene-furnace-contract-in-Russia_58851.html
February 14, 2014
Exports of potash fertilizers from Russia in 2013 were down both in volume and value terms, according to the Federal Customs Service (Moscow). Export volumes were down 29.6% on the...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Value-of-Russian-potash-exports-declines-40-percent-in-2013_58825.html
February 14, 2014
Axiall (Atlanta) expects to resume operations at its PHH vinyl chloride monomer (VCM) manufacturing facility in Lake Charles, LA, near the end of the first quarter, the company announce on 6 February....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Axiall-aims-to-restart-Lake-Charles-VCM-before-second-quarter_58601.html
February 14, 2014
A percentage of Rentech Inc. shareholders, partially made up of investment firm members Engaged Capital and Lone Star Value Management calling themselves Concerned Rentech Shareholders...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Rentech-shareholders-urge-changes-reiterate-director-nominations_58815.html
February 14, 2014
Mitsui OSK Lines (MOL; Tokyo) announced today that it has signed a contract with Methanol Holdings (Trinidad) to build and charter four methanol carriers. The new contract will play an...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Mitsui-OSK-to-build-four-carriers-for-charter-to-Methanol-Holdings-Trinidad_58819.html
February 14, 2014
Alpek, a subsidiary of Alfa (San Pedro Garza García, Mexico), posted net losses of $1 million for the last quarter of 2013, according to the group's results released this week...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/caprolactam/Alpek-swings-to-a-net-loss-in-fourth-quarter_58824.html
February 13, 2014
PhosAgro (Moscow), a leading fertilizer producer, announced today the election of a new board of directors. The move follows Maxim Volkov resigning as CEO in the middle of last...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PhosAgro-elects-new-board-of-directors_58796.html
February 13, 2014
Phillips 66 Partners (Houston), a new master limited partnership, has made its first asset acquisition, the $700 million purchase of the Gold Product Pipeline System and two newly constructed propylene-storage spheres from Phillips 66....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Phillips-66-Partners-acquires-pipeline-system-and-storage-for-$700-million_58806.html
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