IHS Chemical Week

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March 28, 2014
The United States will probably gain at least three new ethylene oxide/ethylene glycol facilities by 2018, says Tison Keel, director/ethylene oxide and derivatives at IHS Chemical. Although very little new capacity has been announced, favorable economics and ample feedstock make a strong case for investment, he says....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene_glycol/IHS-WPC-Three-new-EG-plants-in-US-likely-by-2018_59906.html
March 28, 2014
Styrene margins will improve as direct production of propylene oxide (PO) reduces the need for propylene oxide-styrene monomer (POSM) technology, says Peter Feng, sr. director/styrenics and phenolics at IHS Chemical. “It is the development of direct PO that saved the styrene market,” he says....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/IHS-WPC-2014-Styrene-margins-to-improve-with-displacement-of-POSM-technology_59888.html
March 28, 2014
Ineos today announced new milestones in its previously reported £300-million ($499.3 million) survival plan at the company’s Grangemouth complex, in the United Kingdom. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/Ineos-to-close-plants-at-Grangemouth-convert-complex-to-shale-based-feedstock_59879.html
March 28, 2014
Recent additions to ethylene glycol capacity might have kept the global market in rough balance, but serious production issues have limited actual availability, according to Tison Keel, director/ethylene oxide and derivatives at IHS Chemical. The result will be unsustainably high operating rates, tight supply, and high prices, he says....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene_glycol/IHS-WPC-Outages-will-push-EO-EG-operating-rates-into-the-red_59897.html
March 28, 2014
Nizhnekamskneftekhim (NKNK; Nizhnekamsk, Russia), a major producer of petrochemicals, today reported lower earnings and revenues for full-year 2013, citing a slowdown in the global...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/NKNK-reports-lower-earnings-advances-cracker-project_59901.html
March 28, 2014
The Indian government on Thursday approved reducing the potash subsidy for the 2014/15 fiscal year, starting this April, by nearly 20%, to 9,400 Indian rupees/m.t. ($160), which will...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/India-cuts-potash-subsidy-as-prices-decline_59894.html
March 28, 2014
Diminished production of propylene and butadiene as a result of the shift toward lighter feedstocks is a growing challenge for integrated petrochemical producers, says Heidi...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/IHS-WPC-2014-Shale-shift-raises-concerns-for-some-non-ethylene-value-chains_59889.html
March 27, 2014
A wave of on-purpose propylene capacity over the next five years is set to significantly outpace projected demand growth....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/IHS-WPC-2014-Global-propylene-caught-in-supply-currents_59890.html
March 27, 2014
Industrial enterprises in Crimea, until recently part of Ukraine, are expected to improve their competitive advantage through lower natural gas prices, following the transfer of the...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Crimeas-chemical-industry-will-benefit-from-cheap-Russian-gas-but-markets-will-be-disrupted_59874.html
March 27, 2014
Sinofert Holdings, China’s largest fertilizer producer and distributor, today reported lower figures on overcapacity problems of fertilizer industry and a sluggish market. Sales...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Sinofert-earnings-down-on-weak-fertilizer-market_59877.html
March 27, 2014
The cyclicality and volatility of earnings in basic chemicals remains one of the greatest challenges facing the market, said Mark Eramo, v.p./chemical industry insight at IHS Chemical...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/IHS-WPC-2014-Industry-must-balance-push-from-new-supply-against-pull-of-global-demand_59861.html
March 26, 2014
The shale revolution will dramatically affect the global distribution of chemical industry profits, says Dave Witte,senior v.p. of IHS and general manager of IHS Chemical. North America chemical earnings leaped ahead of the global average beginning in 2009, and Witte expects the trend to continue beyond 2018....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/IHS-WPC-2014-Shale-will-shift-global-distribution-of-chemical-earnings_59856.html
March 26, 2014
Maire Tecnimont (Rome) today announced that, through some of its subsidiaries and in association with Archirodon Group,a leading construction contractor, it has signed an agreement...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Tecnimont-signs-agreement-for-offsites-and-utilities-for-Tahrir-project-in-Egypt_59835.html
March 25, 2014
According to Reuters reports, Mosiac says it has laid off 51 of its Canadian potash operation workers because of low prices and weak demand in the potash market. The market has slumped...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Reports-Mosaic-lays-off-51-workers-because-of-potash-market-constraint_59820.html
March 25, 2014
BASF Total Petrochemicals, a 60-40 joint venture between BASF and Total, on Monday announced the start-up of its 10th furnace at its steam cracker facility at Port Arthur, TX. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/BASF-Total-Petrochemicals-commissions-new-cracker-furnace-at-Port-Arthur-TX_59813.html
March 24, 2014
Honeywell is to supply a new integrated control and safety system to Qatar Fuel Additives Co. (Qafac; Doha). The overhaul will help the Mesaieed, Qatar–based complex reduce...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Honeywell-to-help-improve-operations-at-Qafacs-methanol-and-MTBE-plants-in-Qatar_59779.html
March 24, 2014
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) has selected CB&I to carry out front-end engineering and design (FEED) on its previously announced $3.6-billion...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Oman-selects-CB-and-I-for-FEED-and-cracker-technology-Engineers-India-for-project-management_59789.html
March 24, 2014
Uralkali (Berezniki, Russia), a major global producer of potash fertilizers, announced today that the head of Russian state conglomerate Rostec, Sergey Chemezov, has joined Uralkali's...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Uralkali-elects-Putins-ally-to-board-of-directors_59788.html
March 24, 2014
Indian Farmers Fertilizer Cooperative (Iffco; New Delhi) is advancing plans for a previously announced nitrogen fertilizer complex in Canada. Ganotech, the main engineering...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Indian-fertilizer-producer-advances-ammonia-urea-project-in-Canada_59787.html
March 23, 2014
U.S. Trade and Development Agency (USTDA; Washington) says it has awarded a grant to the Nigerian conglomerate Honeywell Group (Lagos) for a project that will assess different product...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/US-funds-study-for-Nigerian-gas-based-petchems-and-fertilizer-projects_59780.html
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