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January 22, 2014
Sirius Minerals said today that it signed a take or pay deal with a US company for the offtake of at least 500,000 m.t./year of polyhalite from its York, UK, potash project. The deal...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Sirius-signs-potash-offtake-deal-with-US-company_58147.html
January 21, 2014
Hedge fund Third Point LLC (New York) said this morning that it has taken a stake in Dow Chemical and urged management to evaluate a spinoff of its petrochemical operations....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Hedge-fund-Third-Point-calls-for-Dow-to-consider-spin-off-of-petrochemicals_58157.html
January 21, 2014
Agrium announced fourth-quarter 2013 earnings projections today, saying operating earnings are expected to be at the bottom of a previously announced range of 80 cts–$1.25/share...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Agrium-lowers-fourth-quarter-2013-projections-on-weak-wholesale-sales_58152.html
January 21, 2014
In an open letter shareholders on 21 January, Jack Golsen, chairman of the board and CEO of LSB Industries, defended the company’s business strategy against the criticism of shareholder Engine Capital. The letter comes days after the resignation of four members of LSB’s board, a move meant to block Engine Capital from forcing major changes in the company’s strategy, according to a report by Forbes....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/LSB-counters-move-by-activist-shareholder-to-force-change-in-strategy_58156.html
January 21, 2014
UOP, a Honeywell subsidiary, has announced that its C4 Oleflex process has been selected by Shandong Huachao Chemical Co. (Dongming, China) to produce isobutylene, a key ingredient for...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Honeywell-dehydrogenation-processes-selected-for-isobutylene-propylene-projects-in-China_58155.html
January 20, 2014
Type your caption here. The Chinese government set lower export tariffs for key fertilizer products urea and diammonium phosphate (DAP), effective 1 January, the Ministry of Finance...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/China-lowers-tariff-on-fertilizer-products-to-boost-exports_58126.html
January 20, 2014
Uralkali (Berezniki, Russia) says that its Uralkali Trading subsidiary has reached an agreement on potash deliveries to China in the first half of 2014 at $305/m.t. cfr. The price...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Uralkali-export-contract-to-China-confirms-slide-in-potash-prices_58125.html
January 20, 2014
Production has started at  Petroquímica de Venezuela's (Pequiven; Valencia, Venezuela) new 1,800-m.t./day ammonia plant at the Morón petrochemical complex in...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Pequiven-starts-up-ammonia-plant_58123.html
January 20, 2014
Industries Qatar (IQ; Doha) on Sunday announced a tentative shutdown schedule for its manufacturing facilities during the first quarter. IQ’s shutdown timetable in the first...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Industries-Qatar-plans-lengthy-plant-closures-in-first-quarter_58118.html
January 20, 2014
Tecnimont (Milan), the main operating company of Maire Tecnimont, has signed engineering contracts with EuroChem (Moscow), Russia’s largest fertilizer producer. The agreements...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Tecnimont-awarded-contracts-for-two-fertilizer-plants-in-Russia_58117.html
January 17, 2014
Borealis is among the three remaining bidders to acquire a stake of up to 75% in state-owned fertilizer producer Petrokemija (Kutina, Croatia), Croatian press reports say. The other...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Reports-Borealis-among-bidders-to-acquire-Croatia-fertilizer-producer_58096.html
January 17, 2014
Nova Chemicals marked the introduction of ethane from the Marcellus shale region to its Corunna, ON steam cracker with a ceremony held on 16 January. "This is a critical component to our Nova 2020 growth strategy of capitalizing on new feedstock sources to meet our current needs and expanding customer demands,” says CEO Randy Woelfel. Nova began feeding Marcellus ethane to the Corunna cracker in December....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Nova-marks-introduction-of-Marcellus-ethane-to-Corunna-cracker_58038.html
January 17, 2014
The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim; Oslo) has indicted one Yara employee as a result of its...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Yara-employees-indicted-in-possible-corruption-case_58088.html
January 17, 2014
Alpek (San Pedro Garza García, Mexico), a subsidiary of Grupo Alfa (Monterrey, Mexico), and United Petrochemical Co. (UPC; Moscow), a subsidiary of Sistema (Moscow), the largest...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Alpek-and-United-Petrochemical-form-RusPETF-joint-venture_58087.html
January 17, 2014
Petroleos Mexicanos (Pemex) has announced the acquisition of Agro Nitrogenados’ urea manufacturing asset, which it plans to reactivate and revamp. The company says it will spend...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Pemex-to-spend-$475-million-on-urea-plant-in-Mexico_58085.html
January 16, 2014
Tianjin Bohua Petrochemical (Tianjin, China) has started production its previously announced propane dehydrogenation (PDH) unit at Tianjin, China. The 600,000-m.t./year is the first...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Chinas-first-PDH-plant-starts-production_58036.html
January 16, 2014
Formosa Plastics is planning to invest in a new ethylene plant in Louisiana using shale gas feedstock, according to local reports citing Formosa Plastics’ chairman Lee...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Formosa-Plastics-plans-to-build-ethylene-plant-in-Louisiana_57973.html
January 16, 2014
Sasol today commissioned its new ethylene purification facility at Sasolburg. The company’s CEO, David Constable; and the South African minister of trade and industry, Rob...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sasols-new-ethylene-splitter-will-lead-to-PE-capacity-hike_57946.html
January 16, 2014
Mosaic says it has received approval from the Department of Justice (DOJ) under its Hart-Scott-Rodina Antitrust Improvement Act for the $1.4-billion acquisition of CF Industries'...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Mosaic-receives-approval-from-Department-of-Justice-for-phosphates-acquisition_57996.html
January 16, 2014
PhosAgro (Moscow) announced today that its subsidiary PhosAgro Cherepovets has signed a $440.6-million loan agreement with Japanese banks to fund construction of a previously announced...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PhosAgro-secures-loan-to-fund-ammonia-project-in-Russia_58002.html
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