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April 14, 2014
Axiall (Atlanta, GA) has restarted a Lake Charles, LA, vinyl chloride monomer (VCM) plant, which was shut down after a fire on 20 December. Axiall also released preliminary first-quarter financial results....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Axiall-completes-VCM-repairs-estimates-50-percent-yoy-decline-in-first-quarter-Ebitda_60292.html
April 11, 2014
Sumitomo has agreed to acquire a minority share in Cepsa Química China (Shanghai), and the resulting company will be a 75-25 joint venture between Cepsa (Madrid) and Sumitomo...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/Sumitomo-buys-stake-in-Cepsa-phenol-project-at-Shanghai_60253.html
April 10, 2014
China's silicone producers are adding capacity more quickly than the market can absorb, increasing the pressure to rationalize production, according to analysts at IHS Chemical....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/silicones/IHS-Rapid-growth-in-silicones-through-2018-but-overcapacity-threatens_60234.html
April 10, 2014
Leading potash producer Uralkali (Berezniki, Russia) says its 2013 net profit dropped 58%, to $666 million on revenue down 20%, to $2.7 billion. Uralkali's Ebitda declined 31% in 2013...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Uralkali-posts-falls-in-2013-earnings-sales-says-performance-improved-after-exit-from-potash-cartel_60244.html
April 7, 2014
LSB Industries (LSB; Oklahoma City, OK) has announced plans to include representatives of activist investor Starboard Value on both its board and a strategic committee to be created later this year. Engine Capital, another activist investor, has expressed approval for the plan and withdrawn its own proposal for changing the board’s composition....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/LSB-Industries-to-make-board-changes-create-committee_60119.html
April 4, 2014
LSB Industries (LSB; Oklahoma City, OK) says subsidiary El Dorado Chemical will not renew an exclusive ammonium nitrate supply agreement with Orica International in order to resume distribution to the mining sector...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/LSB-Industries-to-end-exclusive-sales-of-ammonium-nitrate-to-Orica_60128.html
April 4, 2014
Momentive Performance Materials (MPM; Albany, NY), the silicones and quartz subsidiary of Momentive, is considering a bankruptcy filing as part of negotiations to reduce debt. “As part of this process, a filing under Chapter 11 of the US Bankruptcy Code may provide the most expeditious manner in which to effect a plan of reorganization,” MPM said in a regulatory filing....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/silicones/Momentive-Performance-Materials-considers-bankruptcy-filing_60055.html
April 4, 2014
Celanese is exploring plans to construct a 1.3-million m.t./year methanol production unit at its Bishop, TX site. The company says it is preparing necessary environmental permits for the unit....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Celanese-eyes-second-US-methanol-plant_59938.html
April 4, 2014
Researchers at the Institute of Bioengineering and Nanotechnology (IBN; Singapore) have discovered a new chemical process that can convert adipic acid directly from sugar, IBN...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/adipic_acid/Researchers-discover-process-to-convert-adipic-acid-from-sugar_60114.html
April 4, 2014
Gazprom on Thursday held discussions with Ukraine’s energy group Naftogaz of Ukraine (Kiev) urging the company to settle the accumulated debt for the supply of natural gas...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Gazprom-urges-Ukraine-to-settle-gas-debt-Odessa-stops-fertilizer-output-at-one-plant_60108.html
April 4, 2014
Saudi Arabian Mining Co. (Ma’aden) has announced that the Public Investment Fund has approved a $2-billion loan covering part of its previously announced phosphate project...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Maadens-phosphate-project-gets-loan-approval_60109.html
April 3, 2014
Chevron Phillips Chemical (CPChem; The Woodlands, TX) has broken ground on its US Gulf Coast (USGC) Petrochemicals Project at the Cedar Bayou plant in Baytown, TX....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Chevron-Phillips-Chemical-breaks-ground-on-planned-Cedar-Bayou-cracker_60071.html
April 3, 2014
Petroquímica de Venezuela (Pequiven), Braskem, and construction company Norberto Odebrecht (Salvador, Brazil) will build an ammonia and granulated urea plant at Pequiven's...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Pequiven-Braskem-Odebrecht-to-build-ammonia-production-urea-granulation-plant-in-Venezuela_60049.html
April 3, 2014
Sociedad Química y Minera de Chile (SQM, Santiago) suffered no structural damage to its facilities following the 8.2-magnitude earthquake that shook most of northern Chile and...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/SQM-reports-no-structural-damage-to-its-facilities-from-Chile-earthquake_60048.html
April 3, 2014
Cool Planet Energy Systems (Camarillo, CA) has closed its series-D financing round at the targeted $100 million, the company announced. All of the current strategic and venture...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Cool-Planet-closes-series-D-financing-round-on-target_60045.html
April 3, 2014
Grupa Azoty (Tarnów, Poland) is launching investments in the plastics and fertilizers segments, the company announced. The company will build additional nylon-6 production and...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Grupa-Azoty-announces-expansion-of-nylon-6-production-fertilizer-granulation-capacity_60039.html
April 3, 2014
La Seda de Barcelona's (El Prat de Llobregat, Spain) assets at El Prat and Tarragona, Spain have been acquired by Cristian Lay (Jerez de los Caballeros, Spain), Cristian Lay announced...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene_glycol/Cristian-Lay-acquires-La-Seda-EO-EG-and-PET-assets-in-Spain_60042.html
April 3, 2014
Maire Tecnimont (Rome) says its subsidiary Kinetics Technology has been awarded two contracts by Total Olefins Antwerp for the implementation of its refinery offgas project at Antwerp...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Total-Olefins-Antwerp-awards-feedstock-enhancement-contract-to-Maire-Tecnimont_60044.html
April 2, 2014
Potash fertilizer producer Uralkali’s (Berezniki, Russia), as expected, has elected Sergey Chemezov as chairman. Robert Margetts and Dmitry Mazepin are deputy chairmen...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Uralkali-elects-chairman_59871.html
April 2, 2014
Agrium announced today that it expects its first-quarter earnings per share, to be released on 6 May, to be “just above breakeven.” The company says the slow start to the...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Agrium-first-quarter-earnings-to-be-flat-on-slow-spring-start_60010.html
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