IHS Chemical Week

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March 27, 2015
Asahi Kasei Chemicals plans to set up a new subsidiary in Mexico over June to carry out sales and technical support of plastic compounds, the company says today. The tentatively named...
http://www.chemweek.com/markets/plastics/polypropylene/Asahi-Kasei-to-set-up-new-Mexican-subsidiary-to-promote-plastic-compounds_68950.html
March 26, 2015
BASF has declared force majeure on contracts and related agreements pertaining to its Lupranate brand of monomeric diphenylmethane diisocyanate–based products, effective 23...
http://www.chemweek.com/markets/plastics/toluene_diisocyanate/BASF-declares-force-majeure-on-contracts-related-to-Lupranate-products_68912.html
March 25, 2015
Inodorama Ventures (Bangkok) is negotiating to buy Cepsa’s (Madrid) polyester manufacturing facilities at San Roque, Spain, according to Bloomberg, citing people familiar with...
http://www.chemweek.com/markets/plastics/pet/Reports-Indorama-Ventures-eyeing-Cepsas-PTA-PET-assets-in-Spain_68887.html
March 25, 2015
Sahara Petrochemicals Co. said today that it will carry out scheduled maintenance at its Al Waha propylene and polypropylene (PP) facility at Al Jubail. The turnaround will begin on 1...
http://www.chemweek.com/markets/plastics/polypropylene/Sahara-to-carry-out-turnaround-at-Al-Waha-Samapco-plans-chlor-alkali-EDC-maintenance_68885.html
March 25, 2015
Asahi Glass (Tokyo) says that its subsidiary Phu My Plastics & Chemicals (PMPC) located in the Cai Mep industrial zone in Ba Ria-Vung Tau Province, Vietnam, will increase...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Asahi-Glass-to-increase-PVC-production-capacity-in-Vietnam_68868.html
March 24, 2015
Polyethylene (PE) prices are likely to remain at healthy levels as a result of sustained demand according to Dow Chemical. Converters had refrained from restocking in the first months...
http://www.chemweek.com/markets/plastics/polyethylene/NPE2015-Dow-says-2015-PE-prices-will-be-supported-by-supply-constraints-demand-to-remain-healthy_68857.html
March 23, 2015
Advanced Petrochemical Co. said today that it has completed the scheduled maintenance of its propylene and polypropylene plants, which began on 1 March, and resumed operations at the...
http://www.chemweek.com/markets/plastics/polypropylene/Advanced-completes-turnaround-at-Al-Jubail-plants_68817.html
March 23, 2015
The president of Dangote Group (Lagos), Aliko Dangote, has announced that the company will increase its Lagos-based refinery project’s throughput to 650, 000 bbl/day, according...
http://www.chemweek.com/markets/plastics/polyethylene/Reports-Nigeria-raises-capacity-of-refinery-petchems-project_68809.html
March 23, 2015
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) has awarded a three-year technical services agreement contract to Amec Foster Wheeler for the former’s Mina Al...
http://www.chemweek.com/markets/plastics/polypropylene/Orpic-award-3-year-services-contract-to-Amec-Foster-Wheeler_68807.html
March 22, 2015
Egyptian Ethylene and Derivatives Co. (Ethydco) plans to commission its $1.9 billion petrochemical complex at Alexandria by the end of this year, according to Sherif Ismail...
http://www.chemweek.com/markets/plastics/polyethylene/Egypt-to-commission-petchem-complex-end-of-this-year_68798.html
March 19, 2015
Ineos and Solvay said today that they have reached an agreement with International Chemical Investors Group (ICIG; Luxembourg) to acquire the assets being divested by Ineos. This...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Ineos-to-sell-assets-to-ICIG-as-part-of-EU-rule-on-the-proposed-formation-of-vinyls-jv-with-Solvay_68690.html
March 18, 2015
Indorama Ventures (Bangkok) said today that it would acquire a 94.91% stake in Bangkok Polyester via Indorama's subsidiary, Indorama Petrochem. Bangkok Polyester operates a...
http://www.chemweek.com/markets/plastics/pet/Indorama-to-acquire-PET-producer-Bangkok-Polyester_68650.html
March 12, 2015
Saudi Kayan, a Sabic affiliate, said today that it had to extend its steam cracker maintenance period by an additional 10 days after discovering a technical fault. The company...
http://www.chemweek.com/markets/plastics/polyethylene/Kayan-extends-maintenance-at-Jubail-halts-PE-production_68471.html
March 9, 2015
The South Korean government has approved the Hanwha Group’s 1.6-trillion South Korean won ($1.45 billion) acquisition of Samsung General Chemicals subject to certain pricing...
http://www.chemweek.com/markets/plastics/polyethylene/Korea-approves-Hanwha-Samsung-deal-subject-to-EVA-pricing-conditions_68377.html
March 6, 2015
Japan’s imports of synthetic rubber in January 2015 were higher versus December 2014, the Rubber Trade Association of Japan said today.   Overall imports of solid...
http://www.chemweek.com/markets/plastics/synthetic_rubber/Japans-synthetic-rubber-imports-rise-in-January_68360.html
March 5, 2015
Trinseo reports a net loss for the fourth quarter of $30 million, down from a net profit of $11 million in the year-ago quarter, largely the result of inventory revaluation driven by declining crude oil prices. Sales totaled $1.12 billion, down 10% year-over-year (YOY) from $1.24 billion on lower raw material costs and currency effects. Adjusted earnings came to a loss of 48 cents/share, below analysts’ consensus estimate of a 13-cts/share loss....
http://www.chemweek.com/markets/plastics/polystyrene/Trinseo-swings-to-loss-on-inventory-revaluation-misses-estimates_68342.html
March 4, 2015
Ineos plans to integrate the Americas business activities of Ineos ABS into Styrolution by the end of 2015. The marketing, sales, customer service, supply chain, procurement, R&D, human resources, and manufacturing functions of the two businesses will be merged, says Ineos....
http://www.chemweek.com/markets/plastics/polystyrene/Ineos-to-integrate-Ineos-ABS-Styrolution-in-the-Americas-by-year-end_68304.html
March 2, 2015
Wood Group (Houston) says it is providing detailed engineering, procurement, and fabrication services for the process control systems required by ExxonMobil Chemical’s multibillion-dollar expansion project at ExxonMobil's Baytown and Mont Belvieu plants near Houston....
http://www.chemweek.com/markets/plastics/polyethylene/Wood-Group-awarded-process-controls-contract-for-ExxonMobil-ethylene-PE-project_68233.html
February 27, 2015
Petrochemicals Malaysia restarted its polystyrene (PS) plant at Pasir Gudang, Johor, on 21 January after completing a prolonged shutdown maintenance program which began in early...
http://www.chemweek.com/markets/plastics/polystyrene/Petrochemicals-Malaysia-restarts-high-impact-polystyrene-plant_68178.html
February 25, 2015
Westlake reports net income for the fourth quarter of $183 million, up 7% year-over-year (YOY) from $171 million on the advantage of converting from propane to ethane feedstock. Net sales increased 19% YOY to $1.1 billion, mainly on the contribution of Vinnolit Holdings, which Westlake acquired in the third quarter. Earnings of $1.37/share were just shy of the analysts’ consensus of $1.38/share reported by Thomson Reuters (New York) owing to the 3 cnt/share impairment of an equity investment....
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Westlake-net-income-up-7-percent-on-feedstock-costs_68045.html
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