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August 10, 2015
K+S (Kassel, Germany) said on Friday that PotashCorp has again sent an unsolicited letter to its management and supervisory boards of K+S proposing a “business combination...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/K+S-shareholders-back-boards-rejection-of-unchanged-PotashCorp-offer_72827.html
August 7, 2015
LSB Industries (Oklahoma City) reports second-quarter earnings per share of 2 cts, well short of analysts’ consensus estimate of the 37 cts/share compiled by Thomson Reuters (New York). The company has also announced that it will implement a set of operational and governance changes....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/LSB-misses-estimates-announces-operational-governance-measures_72830.html
August 7, 2015
Agrium says that its previously announced urea project at the company's Borger, TX, site will be completed at the end of 2016. However, the company says it has canceled related plans...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Agrium-expects-end-2016-completion-of-urea-project-in-Texas-cancels-ammonia-expansion_72826.html
August 7, 2015
Circum Minerals (Bermuda) has announced that the definitive feasibility study for the Danakil potash project in Ethiopia, which would be one of the world’s largest potash...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Circum-Minerals-to-appoint-bank-to-advise-Ethiopian-potash-project_72821.html
August 6, 2015
CF Industries on Thursday said that it has entered a definitive agreement with OCI (Amsterdam) under which CF will combine with OCI’s European and North American operations as...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/CF-and-OCI-merger-will-create-largest-nitrogen-player_72792.html
August 6, 2015
Incitec Pivot (Melbourne, Australia) says construction of an $850 million ammonia plant at Waggaman, LA, is 75% complete. Incitec Pivot expects the 800,000-m.t./year plant, which will be operated by subsidiary Dyno Nobel, to go onstream in the third quarter of 2016....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Incitec-Pivots-Waggaman-LA-ammonia-project-75-percent-complete_72814.html
August 6, 2015
Hengli Petrochemical (Dalian, China) will begin a turnaround of two of the three purified terephthalic acid (PTA) lines at its plant in Dalian starting 6 August. The restart date has...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Hengli-Petrochemical-to-initiate-turnaround-of-two-PTA-lines-at-Dalian-site_72790.html
August 6, 2015
OCI NV has provided further details about the businesses it will not transfer to the new CF, in the merger transaction, which will create the world’s largest nitrogen player. OCI...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/OCI-will-retain-large-portion-of-business-post-CF-transaction_72800.html
August 5, 2015
Sabic has shelved a project to build a world-scale acrylonitrile complex at Al Jubail because of escalating costs, according to press reports. The facility, first announced in 2011...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acrylonitrile/Sabic-and-partners-shelve-acrylonitrile-project_72716.html
August 5, 2015
Huntsman says 12 people were injured by an explosion at its white pigment factory in Uerdingen, Germany, at 2 pm local time on 5 August. Seven of the injured are being treated in a hospital, says the company. Local news reports say a nitrogen tank exploded, collapsing part of a building. There was no fire....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/Explosion-at-Huntsmans-Uerdingen-facility-injures-12_72779.html
August 5, 2015
Propylene stock movements were mixed in the week ended 31 July, according to data released by the Energy Information Administration (EIA). Propane/propylene stocks were at 90.4 million...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Propylene-stock-movements-mixed-in-US-during-final-week-of-July_72767.html
August 5, 2015
Europe's ortho-xylene (o-xylene) contract price has settled for August at €800/m.t. ($869.50), €20/m.t. lower than the July settlement. August's figure marks the first...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/orthoxylene/Europe-o-xylene-contract-settles-lower-for-August_72764.html
August 4, 2015
African Potash (London), the AIM-listed exploration company focused on sub-Saharan potash assets, has entered into a trading agreement with the Common Market for Eastern and Southern...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/African-Potash-signs-landmark-trading-agreement-with-Comesa_72719.html
August 4, 2015
Proposed regulations that would disqualify master limited partnerships (MLPs) based on the steam-cracking of natural gas liquids (NGLs) mistakenly focus on the output of the process, rather than input, according to comments submitted to the IRS by Enterprise Products Partners (Houston)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Enterprise-says-proposed-MLP-regulations-mistakenly-focus-on-products_72744.html
August 4, 2015
Star Refrigeration (Glasgow, UK) has upgraded a 35-year-old refrigeration plant at Sabic’s Wilton, UK, butadiene unit. The project brought Sabic's Wilton petrochemical complex...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/Refrigeration-unit-upgrade-completed-at-Sabic-butadiene-plant-in-UK_72735.html
August 4, 2015
PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest and one of Asia’s largest chemicals players, on Tuesday informed The Stock Exchange of Thailand that it has shut...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/PTTGC-shuts-down-aromatics-complex-for-unscheduled-repairs-and-maintenance_72714.html
August 4, 2015
Europe's styrene barge contract price for August has settled at €1,300/m.t., a decrease of €25 from the July price of €1,325/m.t., pulled lower by the twin-bear factors...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/August-styrene-barge-contract-falls-in-Europe-on-lower-feeds-spot-pressure_72734.html
August 4, 2015
The US July ethylene contract settled at 32.75 cts/lb on 3 August, losing 1 ct/lb from the June contract price of 33.75 cts/lb. The decline comes on the back of continued ample supply...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/US-July-ethylene-contract-declines-for-second-consecutive-month_72712.html
August 4, 2015
Mosaic reports second-quarter net earnings of $390.6 million, 57.2% higher year-on-year, on higher phosphate volumes and potash prices, partially offset by Canadian resource taxes...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Mosaic-tops-estimates-on-higher-phosphate-volumes_72728.html
August 4, 2015
Panca Amara Utama (PAU; Jakarta) has broken ground on an $830-million, 700,000-m.t./year ammonia plant to be built in Luwuk, Central Sulawesi, Indonesia. PAU first announced the project 2012 and planned to bring it onstream in 2014. Startup is currently slated for late 2016....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Panca-Amara-Utama-breaks-ground-on-$830-million-ammonia-plant-in-Indonesia_72710.html
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