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March 14, 2014
Sinopec says its wholly owned subsidiary, China International United Petroleum & Chemicals (Unipec), has signed a long-term contract to purchase propane from Phillips 66 for use as chemical feedstock. Sinopec has not released details of the contract....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sinopec-signs-propane-export-deal-with-Phillips-66_59598.html
March 14, 2014
Idemitsu Kosan has halted operations at its Tokuyama, Japan refinery-petrochemical site as a result of seismic activity in the area, the company announced today. An earthquake of a...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Idemitsu-shutters-Tokuyama-refinery-petchems-complex-after-earthquake_59594.html
March 14, 2014
LyondellBasell Industries has declared force majeure on vinyl acetate monomer (VAM) production at the company's plant at La Porte, TX, company sources have confirmed. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_acetate/LyondellBasell-declares-force-majeure-on-VAM-at-La-Porte-plant_59595.html
March 14, 2014
Emergency services are assessing the damage caused in yesterday’s explosion at the Omsk rubber plant’s phenol-acetone complex in Russia, local reports say. The facility...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/Explosion-at-Omsk-rubber-plant-damages-phenol-acetone-complex-injures-several-people_59400.html
March 14, 2014
Kronos Worldwide reports net income of $2.9 million for the fourth quarter of 2013, up from a loss of $18.1 million in the year-ago period. Earnings per share totaled 3 cents, below the analysts’ consensus estimate of 6 cents, owing to a $9 million one-time charge related to a labor settlement. Excluding the settlement, earnings were 8 cents/share....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/Kronos-swings-to-profit_59582.html
March 13, 2014
Potash producer K+S (Kassel, Germany) today announced its 2013 results and gave guidance for this year. The company reported an 18.4% decline in earnings before interest and tax (Ebit)...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/K+S-reports-lower-sales-and-earnings-as-global-potash-turmoil-takes-its-toll_59534.html
March 12, 2014
BioNitrogen Holdings (West Plam Beach, FL), a company that creates urea fertilizer from biomass, has reached an agreement to acquire land in Taylor County, FL for urea plant. The...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Florida-company-to-build-biomass-to-urea-fertilizer-plant_59510.html
March 12, 2014
Grizzly Discoveries (Edmonton, AB), a mineral exploration company, announced that it has entered into a memorandum of understanding with an unnamed third party for a proposed...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Canadian-exploration-group-signs-MOU-for-Alberta-potash-project_59509.html
March 12, 2014
KBR announced today that Agrium awarded the company two engineering, procurement and construction (EPC) contracts for a new grassroots urea plant and to increase the ammonia capacity...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Agrium-awards-ammonia-and-urea-plant-contracts-to-KBR_59511.html
March 12, 2014
Advanced Petrochemical Co. (Jubail, Saudi Arabia), today signed a memorandum of understanding with SK Gas (Seoul) to become a joint venture partner in SK Gas’s previously...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Saudi-company-joins-SK-Gas-in-Korean-propane-dehydrogenation-project_59496.html
March 12, 2014
Trinseo, formerly Styron, reports net income for the 2013 fourth quarter of $10.6 million, up from a loss of $507,000 in the year-ago period. Adjusted Ebitda more than doubled, to $109 million, the result of improved styrene production margins and an additional $10 million in 2013 dividends from the Americas Styrenics joint venture....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/TrinseoStyron-swings-to-profit_59475.html
March 12, 2014
Hanwha Chemical (Seoul), a producer of chlor-alkalis, polyethylene and polyvinyl chloride, as well as a major player in the solar energy, is in early stages of assessing the...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Hanwha-Chemical-eyeing-Dows-chlor-alkali-assets-in-North-America_59489.html
March 11, 2014
IC Potash (ICP; Toronto) has completed a feasibility study for its ochoa sulphate of potash (SOP) project at Lea County, NM—effective 9 January. Construction is expected to begin...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/IC-Potash-completes-feasibility-study-of-$1-billion-potash-project_59472.html
March 11, 2014
Rentech Nitrogen has announced its fourth-quarter earnings, ended 31 December 2013, today reporting a net loss and revenues down on a “challenging” quarter, heavily...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Rentech-Nitrogen-reports-lower-results-on-drop-in-nitrogen-prices_59470.html
March 11, 2014
Sibur said today that its Tobolsk-Polymer (Tobolsk, Russia) unit has obtained the European Union’s Registration, Evaluation, Authorization, and Restriction of chemicals (Reach)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Siburs-products-from-Tobolsk-gain-access-to-EU-market-with-Reach-certification_59461.html
March 11, 2014
Ineos and Solvay have added assets at Wilhelmshaven, Germany, and they may have to add assets at Runcorn, UK, to the revised package of divestments submitted to the European Commission...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene_dichloride/Ineos-Solvay-add-assets-in-Germany-and-possibly-UK-to-divestment-package-for-EU-approval-of-chlorvinyls-JV_59471.html
March 10, 2014
An escalation of the political conflict between Russia and Ukraine risks disrupting the production and exports of fertilizers and ammonia from the Black Sea, which could create fears...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/IHS-Russia-Ukraine-standoff-could-disrupt-nitrogen-fertilizer-market_59432.html
March 7, 2014
BP said today that it has completed the previously announced buyout of its partners in Amoco Mitsui PTA Indonesia (AMI; Jakarta). BP says that on 28 February it completed the purchase...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/BP-takes-full-ownership-in-Indonesian-PTA-producer-may-upgrade-plant_59399.html
March 6, 2014
Shin-Etsu (Tokyo) is studying plans to build a US world-scale ethylene plant, executive chairman Chihiro Kanagawa tells CW. Shin-Etsu is the largest US and global maker of PVC and currently purchases all of its US ethylene requirements under long-term contracts....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Shin-Etsu-evaluating-US-ethylene-investment_59392.html
March 6, 2014
The European Commission has, as expected,  opened an in-depth investigation to assess whether the planned acquisition by Huntsman of a number of titanium dioxide (TiO2) assets...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/EU-Commission-opens-in-depth-probe-into-Huntsmans-acquisition-of-Rockwood-titanium-dioxide-assets_59362.html
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