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October 30, 2013
Rextac (Odessa, TX), a manufacturer of polypropylene (PP)-based adhesives, plans to build an integrated propane dehydrogenation (PDH)-PP facility adjacent to its petrochemical complex at Odessa, the company announced on 29 October....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Rextac-to-build-integrated-propane-dehydro-polypropylene-facility-in-Texas_56298.html
October 29, 2013
Honeywell announced today that it will establish a new manufacturing campus at Zhangjiagang, China, to support growing demand in Asia for energy technology and advanced materials...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Honeywell-to-build-PDH-catalyst-plant-in-China_56277.html
October 29, 2013
Sirius Minerals, a potash development company, announced today that it has signed two new memoranda of understanding (MOUs) with customers in China for the offtake of a combined 1...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Sirius-Minerals-signs-more-potash-offtake-deals-with-Chinese-customers_56275.html
October 29, 2013
The European Chemicals Agency (ECHA; Helsinki) has invited interested parties to comment on a new proposal for harmonized classification and labeling on methanol. The public...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/ECHA-launches-consultation-on-proposed-revision-of-classification-and-labeling-of-methanol_56288.html
October 29, 2013
Olin on 28 October reported third-quarter net income of $69.7 million, more than twice the year-earlier figure. Sales for the quarter totaled $670.7, up 15%. Earnings increased 15% to 86 cts/diluted share, handily beating the consensus estimate of 67 cts....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Olin-earnings-more-than-double-on-Winchester-gains_56267.html
October 29, 2013
Compass Minerals, on 28 October, reported results for the third quarter—showing strength in its salt segment, but weakness in its specialty fertilizer business. Net income grew...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Compass-Minerals-reports-higher-sales-on-strong-salt-business_56265.html
October 29, 2013
Rentech Nitrogen announced today that it is updating its outlook for the remainder of 2013 and 2014—which will be detailed further when it releases its earnings on 7 November...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Rentech-Nitrogen-updates-guidance-reflecting-lower-prices-and-volume_56248.html
October 28, 2013
CF Industries (Deerfield, IL) announced today that it is selling its phosphates mining and manufacturing business to Mosaic for $1.4 billion in cash—which includes $200 million...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Mosaic-acquires-CF-Industries-phosphates-business-for-$1-4-billion_56246.html
October 28, 2013
LSB Industries (Oklahoma City) has shut down its Pryor, OK, facility for unplanned maintenance. The Pryor facility manufactures ammonia, urea, nitric acid, and urea-ammonium nitrate solution (UAN)....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/LSB-Industries-shuts-Pryor-facility-for-mainentance_56219.html
October 27, 2013
DuPont announced today that it will divest its $7-billion performance chemicals segment through a tax-free spin-off to shareholders. DuPont announced in late July that it was...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/DuPont-to-spin-off-performance-chemicals_56183.html
October 25, 2013
Belarusian Potash Co. (BPC; Minsk) says it has signed a three-year agreement to supply "quite important volumes" of potash to fertilizer supplier and distributor Sinofert...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Belarus-signs-potash-supply-deal-with-China_56233.html
October 25, 2013
Grupa Azoty (Tarnów, Poland) is interested in buying Anwil's (Włocławek, Poland) fertilizer assets, according to local financial paper Puls Biznesu. Talks are being held...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Reports-Grupa-Azoty-mulling-fertilizer-acquisitions_56148.html
October 24, 2013
PotashCorp’s third quarter earnings took a dive, the company reported, mainly due to weak prices for nutrients, lower potash sales volumes and market uncertainty following the...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PotashCorp-reports-earnings-drop-on-weak-markets-lower-prices_56149.html
October 24, 2013
PetroLogistics (Houston) reported net income for the third quarter of $55.1 million, up from $600,000 in the year-ago period, for a distribution of 45 cts/share. Sales totaled $198.4 million, up 27% from $156.1 million....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/PetroLogistics-reports-third-quarter-income-of-$55-1-million-on-sales-of-$198-4-million_56135.html
October 24, 2013
Partners in Nghi Son Refinery & Petrochemical (NSRP) joint venture announced today that they held a ground breaking ceremony on Wednesday in the presence of high-ranking officials...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Vietnam-refinery-and-petchems-joint-venture-holds-ground-breaking-ceremony_56141.html
October 23, 2013
Alexandr Lukashenko, president of Belarus told Russian journalists at today’s press briefing that the charges against the CEO of potash major Uralkali (Berezniki, Russia)...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Uralkali-CEO-charged-with-embezzlement-says-president-of-Belarus_55891.html
October 23, 2013
Methanex (Vancouver) on 22 October announced plans to sell a 10% equity share in Egyptian Methanex Methanol Company (EMethanex) to Arab Petroleum Investments Corp. (Apicorp; Dammam, Saudi Arabia) for $110 million. The deal, which is expected to close later this year, will increase Apicorp’s share of the joint venture to 17%, while Methanex will retain just over 50%....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-to-sell-10-percent-share-of-Egyptian-jv-to-Apicorp-for-$110-million_56100.html
October 23, 2013
Eastman Chemical and Johnson Matthey Davy Technologies Limited (JM Davy) have developed advanced proprietary technology for the production of ethylene glycol from synthesis gas-based...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene_glycol/Eastman-develops-new-EG-production-technology_56088.html
October 22, 2013
Argex Titanium (Montreal) has signed a letter of intent with “one of the world’s largest chemical distribution companies” to distribute up to 25,000 m.t./year of...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/Argex-Titanium-signs-TiO2-distribution-agreement_56098.html
October 21, 2013
Iran is looking to export more methanol capacity from its complexes, Petrochemical Commercial Co. (PCC; Tehran) says. PCC’s director, Ali Tahouri, tells CW that Iran’s main...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Iran-stepping-up-methanol-exports_56053.html
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