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April 30, 2015
Methanex reports first-quarter net income of $9 million, down 94% year-over-year (YOY) from $145 million. Sales totaled $577 million, down 40% YOY from $968 million. Adjusted earnings of 23 cts/share fell short of the analysts’ consensus estimate of 40 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-earnings-down-on-pricing-and-volume-miss-estimates_69998.html
April 30, 2015
Phosphate fertilizers producer PhosAgro (Moscow) has reported a 57% rise in full-year 2014 Ebitda, to 37.6 billion Russian rubles ($979 million), compared with 2013. Revenues were up...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PhosAgros-2014-Ebitda-revenues-rise_69973.html
April 30, 2015
Westlake Chemical Partners (Westlake Partners; Houston) has acquired approximately 2.7% of additional limited partner interest in Westlake Chemical OpCo (OpCo) for approximately $135...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-Partners-increases-interest-in-cracker-pipeline-affiliate-establishes-credit-facility_69970.html
April 30, 2015
Tessenderlo Kerley International, a Tessenderlo Group (Brussels) subsidiary, plans to build an ammonium thiosulfate plant at Borealis's Grand Quevilly nitrogen fertilizer complex at...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Tessenderlo-to-build-liquid-fertilizer-plant-at-Borealis-site-in-France_69969.html
April 30, 2015
Asia’s benzene and styrene spot prices fell 4% and 1–2%, respectively, on Thursday when compared with price assessments on Friday last week, while other aromatics remained...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Asias-benzene-and-styrene-prices-fall-1-4-percent-on-week-while-other-aromatics-stay-firm_69964.html
April 30, 2015
LyondellBasell told analysts at an investor meeting in New York on 29 April that announced expansion projects have the potential add $1.5 billion in incremental earnings before interest, taxes, depreciation and amortization (Ebitda) once completed in 2019 based on current market economics....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/LyondellBasell-says-projects-will-add-$1-5-billion-in-Ebitda-by-2019_69986.html
April 30, 2015
EuroChem (Zug, Switzerland), a leading producer of fertilizers and fertilizer raw materials, today unveiled a new project to invest in a phosphate ore processing facility at Kovdor, on...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/EuroChem-launches-new-phosphate-raw-material-project-outlines-strategy_69883.html
April 29, 2015
Propylene stocks firmed in the United States during the week ended 24 April, according to data released by the Energy Information Administration today. Nonfuel use propylene stocks...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Propylene-stocks-increase-in-US_69933.html
April 29, 2015
The No. 2 steam cracker of Total's Antwerp olefins subsidiary is still not running, the company has confirmed. Force majeure has been declared for all major products, the company...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Total-confirms-Antwerp-cracker-not-running-declares-force-majeure-across-all-major-products_69928.html
April 29, 2015
Mitsubishi Chemical will shut its phenol plant at Kashima, Japan, in June for a scheduled maintenance program lasting about a month, the company says. The plant has a production...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/Mitsubishi-Chemical-to-shut-phenol-plant-in-June-for-maintenance_69911.html
April 29, 2015
Cepsa (Madrid) plans to have its new phenol plant at Shanghai running at full capacity by May, the company says. It has a design capacity of 250,000 m.t./year of phenol; 150,000...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/Cepsa-expects-new-Chinese-phenol-plant-to-hit-full-output-by-May_69909.html
April 29, 2015
ChevronPhillips Chemical (CPChem) began the start up of the ethylene Unit 33 at its Sweeny, TX, facility on Monday, according to a filing with Texas regulators. Monday's filing with...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/CPChem-begins-start-up-of-Sweeny-ethylene-unit_69908.html
April 29, 2015
The European benzene contract price is expected to move up in May with strength in the domestic spot market propelling the May market above $900 per m.t. cif...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/adipic_acid/European-benzene-contract-price-set-to-increase-by-at-least-$160_69895.html
April 29, 2015
With the US May benzene contract settlement expected to move higher later this week, market participants have not ruled out the possibility of another split settlement. The US benzene...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Sources-not-ruling-out-split-settlement-for-US-benzene-benzene-contract_69893.html
April 28, 2015
Olin reports first-quarter net income of $13.1 million, down 56% year-over-year (YOY) from $29.5 million. Sales fell 10% YOY to $518.0 million. The results included $10.4 million in costs related to the acquisition of Dow Chemical's chlor-alkali and downstream derivatives businesses, mark-to-market adjustments on stock-based compensation expense of $6.9 million, and pretax restructuring charges of $1.2 million....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Olin-earnings-down-56-percent-YOY_69888.html
April 28, 2015
ENI's (Rome) petrochemical subsidiary, Versalis's (Milan) benzene-toluene-xylenes (BTX) unit at Priolo, Italy, is to undergo a planned turnaround starting 30 April and is scheduled to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Versaliss-Priolo-aromatics-unit-to-undergo-planned-turnaround_69890.html
April 28, 2015
As planned, Lotte Chemical (Seoul) began adjusting feedstocks for its steam crackers at Yeosu and Daesan, South Korea, today, a source close to the company says. The Yeosu cracker will...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Lotte-begins-adjusting-feedstocks-for-crackers_69873.html
April 28, 2015
Lotte Chemical (Seoul) is operating its styrene plant at Daesan, South Korea, at about 100% of capacity after it completed a planned maintenance program earlier this month, a source...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Lotte-runs-styrene-plant-at-full-capacity-after-maintenance_69870.html
April 27, 2015
Fertilizer major EuroChem (Zug, Switzerland) today announced the selection of a site at St. John the Baptist Parish for its contemplated Louisiana natural gas-based fertilizer plant...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/EuroChem-selects-site-in-Louisiana-for-ammonia-urea-manufacturing-complex_69861.html
April 27, 2015
Shell Chemicals has completed the front-end engineering design (FEED) study on its previously announced ethane cracker at Monaca, PA, and is expected to make a final investment...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Shell-completes-FEED-on-US-cracker-encouraged-by-progress-in-Iraq_69834.html
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