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December 2, 2014

Williams Partners expects its expanded Geismar plant to begin producing ethylene for sale this month, says John Dearborn, senior v.p./NGL and petchem services.

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http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Williams-Geismar-plant-to-produce-ethylene-for-sale-this-month_65778.html
December 1, 2014
Rosneft (Moscow) says it has agreed to acquire Total's 16.67% stake in refinery and petrochemicals company PCK Raffinerie (Schwedt, Germany). The deal was signed in Sochi, Russia by...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Rosneft-to-buy-Totals-stake-in-refinery-aromatics-complex-in-Germany_65760.html
December 1, 2014
Five Indian companies, led by state-owned mining group NMDC (Hyderabad), have formed a consortium to acquire a 30% stake in a potash project currently being developed by Acron (Velikiy...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Indian-firms-form-consortium-to-acquire-stake-in-potash-project-in-Russia_65735.html
December 1, 2014
Yara International (Oslo) announced today that it has obtained regulatory approvals to acquire a 60% stake in Galvani Indústria, Comércio e Serviços (São...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Yara-completes-acquisition-of-majority-stake-in-Brazilian-fertilizer-company-Galvani_65747.html
December 1, 2014
Huntsman says it will cut 900 jobs in its titanium dioxide (TiO2) pigments and additives segment as part of a restructuring effort that is expected to generate savings of $130...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/Huntsman-to-cut-900-jobs-in-TiO2-and-addtives-segment_65744.html
November 28, 2014
European styrene monomer contract prices for December look set to fall by well over €100/m.t. ($125) based on raw material moves, but following a strong margin gain for producers...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Bearish-sentiment-dominates-December-styrene-contract-price-talks_65729.html
November 28, 2014
Discussions for the December contract price for toluene in Europe are said to be starting but with an even more difficult backdrop than usual. The illiquid nature of the European spot...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/toluene/Europes-toluene-December-contract-discussions-start-against-difficult-backdrop_65728.html
November 28, 2014
Europe's December ethylene contract has been confirmed settled at €1010/m.t. del ($1,261.50), down €50/m.t. from November, according to IHS Chemical data.  In addition...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Europes-December-ethylene-and-propylene-contracts-settle-down_65724.html
November 28, 2014
Brazil has lowered import duties on para-xylene (p-xylene) from 4% to 0%, the Foreign Trade Chamber (Camex; Brasilia) announced. The duty reduction is applicable for 80,000 m.t. of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/paraxylene/Brazil-lowers-import-duties-on-p-xylene-for-six-months-effective-1-December_65718.html
November 26, 2014
Global Bioenergies (Paris) says it has successfully produced renewable butadiene by direct fermentation of glucose at lab scale. The company says it is the first to achieve the synthesis of biobased butadiene without any chemical steps....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/Global-Bioenergies-to-scale-up-butadiene-production-by-direct-fermentation-of-glucose_65698.html
November 25, 2014
PhosAgro (Moscow) announced today that it that it has signed a contract for the supply of potassium chloride (KCl) for 2015 from Belaruskali (Solihorsk, Belarus). “This contract...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PhosAgro-signs-potash-supply-contract-with-Belaruskali_65660.html
November 21, 2014
Petkim (Aliaga, Turkey) has completed a $144-million ethylene capacity expansion at its Aliaga site, the company has announced. The facility’s output capacity has increased by...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Petkim-completes-ethylene-expansion-at-Turkish-site_65625.html
November 21, 2014
FMC Corp has sought out the services of Bank of American and Goldman Sachs to assist with the sale of its alkali chemicals unit, which could amount to $1.5 billion, according to a...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Report-FMC-mandates-Bank-of-America-and-Goldman-Sachs-with-sale-of-alkali-chemicals-unit_65623.html
November 21, 2014
Canpotex (Saskatoon, SK) has signed separate sales agreements with two Indian firms –Coromandel International Ltd. (CIL; Secunderabad, India) and Tata Chemicals Ltd. (TCL...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Canpotex-signs-separate-potash-sales-agreements-with-two-Indian-firms_65621.html
November 20, 2014
Fertilizer production has begun at the expanded Petroquimica de Venezuela (Pequiven; Valencia, Venezuela) Hugo Chavez Petrochemical Complex—formerly known as Morón...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Pequiven-starts-production-at-expanded-fertilizer-plant-in-Venezuela_65567.html
November 19, 2014
Sociedad Química y Minera de Chile (SQM; Santigo) reported a net income of $66.4 million during the third quarter compared with $138.9 million year-on-year (YOY). However, this...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/SQMs-reports-39-6-percent-Ebitda-margin-in-third-quarter-highest-for-six-quarters_65530.html
November 19, 2014
BASF has completed the sale of its 50% share in Styrolution to its partner, Ineos. Relevant merger control approvals have been granted. Styrolution was founded in October 2011 as a...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/BASF-completes-divestment-of-50-percent-stake-in-Styrolution-to-Ineos_65477.html
November 19, 2014
Uralkali (Berezniki, Russia), the world’s largest producer of potash, has announced the closure of its Solikamsk-2 mine due to flooding. The mine, which analysts estimate...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Uralkali-closes-big-potash-mine-due-to-flooding_65522.html
November 18, 2014
Meghmani Organics (Ahmedabad, India) says that its subsidiary Meghmani Finechem plans to build a caustic potash plant at Dahej in Gujarat State, India, near the company’s...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Meghmani-Organics-to-build-caustic-potash-plant-in-India_65288.html
November 18, 2014
BP announced today that it plans to invest more than $200 million to upgrade its purified terephthalic acid (PTA) plants at Cooper River, SC; and Geel, Belgium. The investments will...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/BP-to-invest-$200-million-at-PTA-plants-in-US-Belgium_65479.html
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