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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...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Mosaic-earnings-down-on-lower-volumes-prices_74935.html
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....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Olin-says-earnings-down-77-percent-plans-to-rationalize-chlor-alkali_74933.html
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)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-Chemical-Partners-income-down-3-percent_74929.html
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)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/OCI-Partners-net-income-up-21-percent-YOY-revenues-up-16-percent_74938.html
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....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-earnings-up-9-5-percent-YOY-on-tax-rate-sales-down-5-2-percent_74928.html
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...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PhosAgro-secures-loan-for-urea-plant_74923.html
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...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/US-antitrust-authorities-do-not-object-CF-Industries-and-OCI-merger_74913.html
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...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Arab-Potash-raises-profits-outlines-investment-plans_74912.html
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....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/CPChem-sitewide-outage-at-Cedar-Bayou-Update_74908.html
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....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Williams-agrees-to-supply-propylene-from-Edmonton-PDH-to-co-located-PP-plant_74907.html
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