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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
October 21, 2013
ONGC Petro Additions (Opal; Vadodara, India) expects to bring online its $4-billion petrochemical complex at Dahej, Gujarat State, India, in June or July next year, CW has learned...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Opal-petrochemical-complex-online-in-mid-2014-Aramco-IPIC-possible-partners_56051.html
October 21, 2013
Petro Rabigh (Rabigh, Saudi Arabia) says that on 16 October there was a leak in water pipes connecting with the Rabigh-based ethane cracker, which has led to the suspension of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Petro-Rabigh-suspends-cracker-operation-following-water-leak_56050.html
October 21, 2013
Saudi Arabia Fertilizer Co. (Safco, Al Jubail), citing lower fertilizer prices, today reported a major drop in profits. Net profit in the third quarter was down 36%, to 734 million...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Safco-reports-decline-in-profits-on-lower-fertilizer-sales_56062.html
October 18, 2013
Bayegan (Istanbul) has revived a major propane dehydrogenation (PDH) and polypropylene (PP) project planned in Turkey following the withdrawal earlier this year of joint venture...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Bayegan-revives-$1-billion-Turkish-propane-dehydro-and-PP-project_56033.html
October 18, 2013
Equate (Safat, Kuwait), a joint venture among Petrochemical Industries Co. (PIC), Dow Chemical, Boubyan Petrochemical, and Qurain Petrochemical Industries, has completed a feasibility...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Equate-presents-expansion-plans-to-board-Olefins-III-project-makes-progress_56026.html
October 18, 2013
CF Industries today announced a dividend increase of 150%. The quarterly cash dividend has been increased from 40 cts/share to $1.00/share payable on 29 November to shareholders on...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/CF-Industries-increases-dividend_56012.html
October 17, 2013
DuPont says it has completed the acquisition of sulfuric acid process technology and construction company MECS (St. Louis, MO) from private equity firm American Securities (New York)...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/DuPont-Completes-Acquisition-of-Sulfuric-Acid-Technology-Firm-MECS_31860.html
October 17, 2013
DuPont says the market outlook for titanium dioxide (TiO2) in the second half of 2012 is expected to be strong, despite statements by other TiO2 producers. "Recent comments...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/DuPont-TiO2-Outlook-Strong-Despite-Reports_44797.html
October 17, 2013
Dow Chemical today outlined a strategy for its performance plastics business and gave an update on the company’s major projects in Saudi Arabia and on the US Gulf Coast. Speaking...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/K-2013-Dow-outlines-plastics-strategy-gives-update-on-investments_56001.html
October 17, 2013
Huntsman will begin installing a third ethylene oxide (EO) unit at its Port Neches, TX, site on 22 October. The 120,000-m.t./year unit will increase the site’s EO capacity by 25%, the company says. Huntsman expects the new unit to begin operating in the second quarter of 2015....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene_oxide/Huntsman-to-break-ground-on-Port-Neches-EO-expansion_56000.html
October 17, 2013
Cronus Chemical (Chicago) says it is still considering locations in the United States for a $1.2-billion fertilizer plant as the company evaluates costs and other issues. The urea...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Cronus-Chemical-to-build-$1-2-billion-fertilizer-plant_55985.html
October 16, 2013
TVK (Tiszaújváros, Hungary) has begun construction of a 130,000-m.t./year plant for the recovery of butadiene, parent MOL Group (Budapest) said on 15 October. MOL expects to commission the plant in the second quarter of 2015....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/TVK-begins-construction-of-butadiene-plant-in-Hungary_55976.html
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