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April 24, 2014
A groundbreaking ceremony has been held for a project that includes an ethane cracker, and polyethylene (PE) and polypropylene (PP) production facilities, at Kiyanly, Turkmenistan...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Groundbreaking-ceremony-held-for-$3-4-billion-petchem-complex-in-Turkmenistan_60487.html
April 24, 2014
Uralchem (Moscow) a leading producer of nitrogen and phosphate fertilizers, reported lower sales and earnings for the whole of 2013 citing difficult market conditions. Net profit was...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Uralchem-reports-lower-sales-and-earnings_60513.html
April 24, 2014
PhosAgro (Moscow) reported higher first-quarter results with fertilizer output up 5.2% and sales 0.6% higher compared with the corresponding period of 2013. Total fertilizer output...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PhosAgro-raises-fertilizer-output-in-first-quarter_60512.html
April 23, 2014
Israel Chemicals Ltd. (ICL; Tel Aviv) said today that ICL Fertilizers’ subsidiary, Cleveland Potash Ltd. (CPL), will expand its polyhalite mining capacity at its Boulby mine in...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/ICL-to-invest-in-major-expansion-of-polyhalite-potash-capacity-in-the-UK_60482.html
April 22, 2014
CF Industries announced that its Woodward, OK, nitrogen complex is currently off-line due to a problem in one of the boilers. All of the plants in the complex have been safely shut...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/CF-Industries-shuts-down-Woodward-OK-nitrogen-complex-because-of-boiler-problem_60462.html
April 22, 2014
ThyssenKrupp's industrial solutions segment announced today that it has been awarded a fertilizer plant contract by Nitrogénmüvek, a Hungarian producer of fertilizers. The...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/ThyssenKrupp-to-supply-fertilizer-plant-to-Hungary_60455.html
April 16, 2014
Indian Farmers Fertiliser Cooperative (Iffco) Canada (Montreal), the Canada arm of an Indian fertilizer distributor, announced today that the government of Quebec has authorized the...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Indian-Farmers-Fertiliser-Co-advances-$1-6-billion-Quebec-urea-complex_60326.html
April 15, 2014
Mosaic agreed to acquire Archer Daniels Midland's (ADM) fertilizer distribution business in Brazil and Paraguay for $350 million. The price assumes the delivery of $150 million in...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Mosaic-acquires-ADMs-fertilizer-distribution-businesses-in-Brazil-and-Paraguay_60315.html
April 15, 2014
Shintech, the US subsidiary of Shin-Etsu Chemical (Tokyo), has applied to the Louisiana Department of Environment Quality for a permit to build a 500,000-m.t./year ethylene plant. The company says it has not chosen a site, but a leading candidate will be land already owned by Shintech....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Shintech-seeks-permit-for-Louisiana-ethylene-plant_60314.html
April 15, 2014
IC Potash (ICP; Toronto) announced today that the Bureau of Land Management (BLM) has authorized ICP to construct and operated a sulphate of potash project, called Ochoa, at Lea...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/IC-Potash-receives-BLM-approval-of-New-Mexico-potash-project_60302.html
April 15, 2014
Belarusan authorities have extended the country's zero export duty on potash until 31 December, according to local press reports. The duty, which previously was €75–85/m.t...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Reports-Belarus-extends-potash-export-subsidy-until-year-end_60301.html
April 15, 2014
Jourdan (Mississauga, ON), Autris (Los Angeles), and Process Research Ortech (PRO; Mississauga) have signed a term-sheet agreement covering the formation of a joint venture to...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Canadian-US-firms-establish-JV-to-develop-on-demand-ammonia-technology_60299.html
April 15, 2014
K+S Potash Canada (Saskatoon, SK), a subsidiary of K+S Group (Kassel, Germany); and Pacific Coast Terminals (PCT; Port Moody, BC) have signed an exclusive, long-term contract for the...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/K+S-signs-long-term-handling-storage-agreement-for-potash-project-in-Canada_60297.html
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
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