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August 12, 2014
Methanol Chemicals Co. (Ad Dammām, Saudi Arabia) says that it expects to resume operations at its para-formaldehyde manufacturing plant at Al Jubail by the end of fiscal 2014. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/formaldehyde/Chemanol-to-restart-para-formaldehyde-plant-by-year-end_63122.html
August 11, 2014
Saudi International Petrochemical Co. (Sipchem) says it has restarted its methanol plant at Al Jubail following an unscheduled stoppage at the plant on 24 July 2012. The company says...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Sipchem-restarts-methanol-plant-at-Al-Jubail_63098.html
August 11, 2014
LG International (Seoul) plans to invest in a large petrochemical complex in the Bintuni industrial area, West Papua, Indonesia, The Jakarta Post reports. On Friday following a meeting...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/LG-International-plans-methanol-complex-in-Indonesia_63101.html
August 8, 2014
Brahmaputra Valley Fertilizer Corp. Ltd. (BVFCL; Namrup, India) has partnered with Oil India and the Assam state government to construct a previously announced ammonia-urea complex at...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/India-advances-nitrogen-fertilizer-plans-in-Assam_63082.html
August 8, 2014
Exports of potash from Russia rose 52.9% in the first six months of the year, according to the country's Federal Customs Service. The country exported 4.76 million m.t. in the period...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Russian-fertilizer-exports-rise-in-first-six-months_63081.html
August 8, 2014
Rentech Nitrogen posted second-quarter operating income of $23.2 million, down 31% year-over-year (YOY). Operating income excludes the impact of the expected impairment of goodwill...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Rentech-Nitrogen-reports-lower-results-on-Pasadena-plant-weakness_63073.html
August 8, 2014
Kronos Worldwide (Dallas) reports second-quarter income of $33.1 million, reversing a year-ago loss of $33.9 million. Sales declined 8% year-over-year (YOY), to $443.5 million, the result of lower prices and volumes, the company says. Earnings per share totaled 29 cts....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/Kronos-swings-to-$33-million-profit-on-lower-costs_63072.html
August 7, 2014
Agrium reports net earnings of $625 million for the second quarter, down 15% year-over-year (YOY) with earnings per share of $4.34/share surpassing analyst estimates of $4.11/share, as...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Agrium-posts-strong-results-on-improved-retail-business_63054.html
August 7, 2014
CF Industries says net earnings of $312.6 million for the second quarter were down 37% year-over-year (YOY) on sales of $1.5 billion down 12% YOY. Earnings per share of $6.10/share...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/CF-Industries-sales-earnings-down_63055.html
August 7, 2014
Tronox has reported its second quarter results, posting a narrower adjusted net loss of less than $100,000, compared to an adjusted net loss of $15 million year-over-year (YOY)...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/Tronox-posts-narrower-loss_63052.html
August 7, 2014
Israel Chemicals’ (ICL; Tel Aviv) board of directors on Wednesday reiterated the company’s decision to freeze $750 million of new and previously approved investment in...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/ICL-to-freeze-investments-in-Israel-in-protest-at-proposed-new-taxes-on-natural-resources_63045.html
August 6, 2014
Trinseo (Berwyn, PA) reports a second-quarter net loss of $45 million, down from a loss of $28 million in the year-ago period. Revenues declined 2% year-over-year (YOY) to $1.3 billion. Adjusted earnings of 28 cts/share were shy of the analysts’ consensus estimate of 31 cts/share, as compiled by Thomson Reuters....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Trinseo-reports-second-quarter-loss-of-$45-million_63038.html
August 6, 2014
OCI Resources (OCIR; Atlanta, GA) says second-quarter income and sales increased year-over-year (YOY) as higher prices and lower costs offset the effects of a production outage. Earnings of 51 cts/share were well ahead of the analysts’ consensus estimate of 45 cts/share, as compiled by Thomson Reuters....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/OCI-Resources-beats-estimates-boosts-income-27-percent-YOY_63036.html
August 6, 2014
A Koch Industries nitrogen subsidiary will begin work on a $1.3-billion expansion of its nitrogen fertilizer plant at Enid, OK, in mid-September, the company has announced. The company...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Koch-to-start-expansion-work-at-Oklahoma-nitrogen-fertilizer-plant-in-mid-September_63018.html
August 6, 2014
Belaruskali (Soligorsk, Belarus) says it raised exports of potassium chloride in the first six months of the year by 46.8%, to 4.81 million m.t. The company’s output in the...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Belaruskali-increases-export-of-potash-in-first-six-months_63013.html
August 6, 2014
Sirius Minerals says it has decided to close the Sydney office to fully focus on the York potash project in the United Kingdom. Most executive roles in the company, which were...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Sirius-Minerals-to-close-Sydney-office-to-concentrate-on-UK-project_63014.html
August 6, 2014
Axiall (Atlanta) says that weakness in chlor-alkali and an unplanned outage in vinyl chloride monomer (VCM) pushed second-quarter net income down 62% year-over-year (YOY), to $27.2 million, and that sales fell 3% YOY, to $1.237 billion. Adjusted earnings of 48 cts/share fell just short of analysts’ consensus estimate of 50 cts/share, as compiled by Thomson Reuters....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Axiall-reports-second-quarter-income-down-62-percent_63003.html
August 5, 2014
EPA has granted greenhouse gas prevention of significant deterioration (GHG-PSD) permits to Formosa Plastics Corp. (FPC) for the construction of a 1.6-million m.t./year ethane cracker, a 660,000-m.t./year propane dehydrogenation (PDH) unit, and a 570,000-m.t./year low-density polyethylene plant at its Point Comfort, TX, site....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/EPA-grants-permits-to-Formosas-ethylene-propylene-and-polyethylene-projects_63002.html
August 5, 2014
Dow has lost about 100,000 m.t. of ethylene production from its Fort Saskatchewan, AB, ethane cracker because of an unplanned outage on 22 July, the company says....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Unplanned-outage-at-Ft-Saskatchewan-costs-Dow-100000-m-t-of-ethylene_63001.html
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