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November 1, 2012
Tosoh Corp. plans to increase capacity at its No.3 vinyl chloride monomer (VCM) unit at the Nanyo, Japan complex by 50% to 600,000 m.t./year at a cost of ¥5 billion ($63 million)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Tosoh-to-expand-Nanyo-No-3-vinyl-chloride-monomer-plant-by-50-percent_47413.html
November 1, 2012
TPC Group’s third-quarter net income fell 22% year-on-year (YOY), to $7.3 million, on revenues down 39%, to $511 million. The declines were due to a 28% drop in selling prices...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/TPC-Group-earnings-decline-fall-short-of-estimates-as-butadiene-prices-drop_47411.html
November 1, 2012
Williams Partners has agreed to acquire Williams’ 83.3% stake in a cracker at Geismar, LA, as well as Williams’ refinery-grade propylene splitter for $2.3 billion. Williams...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Williams-Partners-signs-agreement-to-purchase-Williams-Geismar-cracker_47398.html
October 31, 2012
Potash Corp. of Saskatchewan (PotashCorp) says it "acknowledges" a statement made by Israel Corp. (Tel Aviv) to the Tel Aviv Stock Exchange that PotashCorp has held...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PotashCorp-confirms-talks-on-possible-acquisition-of-Israel-Chemicals_47373.html
October 30, 2012
Jacobs Engineering said today that it received a contract from Paradeep Phosphates to provide project management consultancy (PMC) services for its sulfuric acid plant expansion...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Jacobs-awarded-sulfuric-acid-plant-contract-in-India_47351.html
October 30, 2012
The Mining Chemical Industry Holding Corporation Ltd (MICCO) has awarded a lump sum turnkey contract to a consortium of engineering companies to build an ammonium nitrate (AN) plant in...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Vietnam-awards-ammonium-nitrate-plant-contract-to-Toyo-Uhde-consortium_47340.html
October 30, 2012
Saltic (Salalah, Oman) has appointed Hanwha Engineering & Construction to build a $500-million chlor-alkali and ethylene dichloride (EDC) complex at the Salalah free zone in Oman...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene_dichloride/Saltic-picks-Hanwha-for-chlor-alkali-and-EDC-complex-in-Oman_47347.html
October 29, 2012
Petronas Chemicals Group (PCG; Kuala Lumpur) says it plans to exit the vinyls business, closing production plants in Malaysia and divesting a plant in Vietnam. The move reflects PCG's...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Petronas-to-exit-the-vinyls-business-through-plant-closures-divestment_47334.html
October 28, 2012
Petrobras has licensed the Chiyoda Acetica acetic acid technology for a previously announced gas-to-chemicals complex at Linhares in southeast Brazil. The technology was licensed...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetic_acid/Petrobras-to-use-Chiyodas-Acetica-acetic-acid-process-in-gas-to-chemicals-complex_47310.html
October 26, 2012
Technip says it has been awarded the front-end engineering and design (FEED) contract and cracking-furnaces engineering and procurement services by Dow Chemical for the previously...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Technip-awarded-contract-for-Dows-Freeport-ethylene-plant_47275.html
October 26, 2012
Phosphate fertilizer producer PhosAgro (Moscow) says it has signed an agreement with phosphate company Prayon (Engis, Belgium) to cooperate in the further development of innovative...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PhosAgro-to-cooperate-with-Prayon-in-rare-earths-starts-up-urea-complex_47298.html
October 25, 2012
PotashCorp reported a drop in third-quarter earnings—down 22%, to $645 million, or 75 cts/share. Reported adjusted earnings per share of 74 cts/share were lower than analyst...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PotashCorp-reports-drop-in-earnings-sales-due-to-weak-overseas-potash-demand_47229.html
October 25, 2012
Rockwood Holdings reported net income of $61.6 million for its fiscal third quarter, down 23% from the year-ago period, on unfavorable currency translation and a sharp falloff in...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/Rockwood-reports-lower-third-quarter-profits_47225.html
October 25, 2012
Mitsui & Co. (Tokyo) says that it has canceled its basic agreement with Sumitomo Corp. (Tokyo) for the integration of their fertilizer businesses in Japan. The 2 companies...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Mitsui-and-Co-Sumitomo-Corp-abandon-plans-to-merge-fertilizer-businesses_47220.html
October 22, 2012
Agrium said today it will buy back 8.72 million shares, 5.5% of total share’s outstanding, at a price of C$103/share ($104/share). The buyback, which took the form of a...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Agrium-buying-back-8-72-million-shares_47110.html
October 22, 2012
Sichuan Chemical Industry Holding (Chengdu, China) has signed an agreement with Prospect Global Resources (Denver) to purchase at least 500,000 mt/year of potash, or 25% of the...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Prospect-Global-signs-potash-supply-agreement-with-Sichuan-Chemical_47106.html
October 19, 2012
Yara International today reported a 27% drop in third-quarter net income after noncontrolling interests, to 2.62 billion Norwegian krone ($463.4 million). Revenue and other income...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Yara-International-reports-lower-third-quarter-net-income-Qafco-makes-major-contribution_47076.html
October 18, 2012
PPG’s third-quarter net income was up 9% year-on-year (YOY), to $339 million, on strong automotive coatings volumes and price increases. Sales were flat, at $3.85 billion...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/PPG-earnings-rise-9-percent-on-auto-strength-price-increases_47055.html
October 18, 2012
Uhde Inventa-Fischer says it has been awarded a contract by JBF Industries (Mumbai) to build at BP's Geel, Belgium, manufacturing complex, the biggest polyethylene terephthalate (PET)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Uhde-Inventa-Fischer-awarded-contract-for-JBFs-PET-project-in-Belgium-the-biggest-in-Europe_47053.html
October 17, 2012
Potash Corp. of Saskatchewan (PotashCorp) lowered its fiscal fourth-quarter and full-year earnings guidance, citing delays in the settlement of potash supply contracts with Chinese and...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PotashCorp-cuts-earnings-outlook_47026.html
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