IHS Chemical Week

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November 5, 2015
Uralchem (Moscow), a major fertilizer producer, on Thursday released its production data covering the first nine months of this year. The company produced 4.4 million m.t. of...
November 5, 2015
Trinseo (Berwyn, PA) reports net income of $52 million for the third quarter, up from a $10 million loss in the year-ago period. Sales totaled $1.028 billion, down 21% year-over-year (YOY) on the pass-through of lower raw material costs, says the company. Adjusted earnings of $1.07/share missed the mean analyst estimate of $1.28/share as compiled by Thomson Reuters (New York)....
November 4, 2015
Acetone prices in Asia are under pressure and likely to continue falling as supply continues to outpace demand, IHS Chemical says. Three new Chinese units—Sinopec, FCFC...
November 4, 2015
Versalis, the chemicals subsidiary of ENI (Rome); and KBR, a global technology, engineering, procurement, and construction company, announced on Wednesday that they have agreed on KBR...
November 3, 2015
Mosaic on Tuesday reported third-quarter net earnings down 21% year-on-year (YOY), to $160 million, on sales down 9%, to $2.1 billion. Sales and earnings declined because of lower...
November 3, 2015
Olin reports third-quarter income of $5.9 million, down 77% year-on-year (YOY), on sales of $533.6 million, down 10% YOY. Adjusted earnings of 27 cts/share missed the mean analyst estimate of 32 cts/share compiled by Thomson Reuters (New York). Olin says it may idle or permanently close 250,000–450,000 m.t./year of chlor-alkali capacity. The company plans to provide details in the first quarter of 2016....
November 3, 2015
Westlake Chemical Partners reports third-quarter net income attributable to the partnership of $10.1 million, down from $10.4 million in the second quarter. Net sales of Westlake Chemical OpCo totaled $248.6 million during the quarter, down $251.7 million in the second quarter. Adjusted earnings of 37 cts/share fell short of the mean analyst estimate of 40 cts/share, as compiled by Thomson Reuters (New York)....
November 3, 2015
OCI Partners (Nederland, TX) reports net income for the third quarter of $23 million, up 21% year-over-year (YOY), on revenues of $104 million, up 16% YOY. Earnings of 27 cts/share fell just shy of the mean analyst estimate of 28 cts/share as compiled by Thomson Reuters (New York)....
November 3, 2015
Westlake Chemical (Houston) reports third-quarter net income of $184 million, up 9.5% year-on-year (YOY) on the one-time boost of a lower effective tax rate, which offset the effects of maintenance outages. Sales totaled $1.19 billion, down 5.2% YOY on lower sales prices, partially offset by higher sales volume, the company says....
November 3, 2015
PhosAgro (Moscow) said on Tuesday that it has received a 12-year, €73.4-million ($80.3 million) loan from UniCredit Bank with insurance from the Czech Republic Export Guarantee...
November 3, 2015
OCI (Amsterdam) and CF Industries on Tuesday announced the expiration of the waiting period mandated for the US government antitrust review of proposed transactions under the...
November 3, 2015
Arab Potash Co., (APC; Amman) reports 37% higher net profits, 96 million Jordanian dinars ($135.4 million), at the end of the third quarter compared with the previous year. The company...
November 3, 2015
Heavy rain and flooding forced Chevron Phillips Chemical (CPChem; The Woodlands, TX) to shut down operations at its Cedar Bayou plant in Baytown, TX, on 1 November, according to a filing with the Texas Commission on Environmental Quality. According to a subsequent filing, CPChem expects to complete a site-wide restart on 12 November....
November 2, 2015
Williams says it has signed a long-term agreement to supply propylene from its planned propane dehydrogenation (PDH) plant near Edmonton, AB, to North American Polypropylene (NAPP), which would co-locate a polypropylene plant on the same site....
November 2, 2015
The European styrene monomer barge contract for November has settled at €960/m.t. ($1,059) fob Amsterdam-Rotterdam-Antwerp, down €30/m.t. from the October settlement...
November 2, 2015
Celanese plans to close its vinyl acetate ethylene (VAE) emulsions production units at Meredosia, IL, by 15 December. The company says it will continue to supply North American emulsions customers through its facilities in Enoree, SC, and Boucherville, Quebec....
November 2, 2015
AkzoNobel and Evonik Industries have formed an equally owned production joint venture, Neolyse Ibbenbüren, for a previously announced chlor-alkali project at Ibbenbüren...
November 4, 2015
CB&I on Friday announced that it has been awarded an early-works contract by Lotte Chemical Louisiana to provide construction planning and reviews as well as early works services...
October 30, 2015
An initial toluene contract price settlement in Europe for November at $575/m.t. indicates that for the first time since August, term toluene will price below contractual benzene. But...
October 30, 2015
There has been an initial settlement of Europe's November benzene contract price at $636/m.t. (€582) cif Amsterdam-Rotterdam-Antwerp, up $53/m.t. (€62) from the October...
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