IHS Chemical Week

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April 1, 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...
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...
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...
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...
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...
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...
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....
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....
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....
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...
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....
February 24, 2015
Alpek (Monterrey, Mexico) reported a net loss of $25 million during the fourth quarter of 2014 compared with a $9-million loss in the fourth quarter of 2013. The quarterly loss...
February 17, 2015
Sibur announced today that the first foundations have been laid on ZapSibNeftekhim, the company’s biggest investment project being built at Tobolsk, Russia. The ceremony was...
February 17, 2015
Japan has extended the period of its antidumping investigation into toluene diisocyanate (TDI) originating from China by four months, until 13 June, Japan's ministries of economy...
February 13, 2015
Advanced Petrochemical (Al Jubail) plans to shut its propylene and polypropylene (PP) plants at Al Jubail for three weeks of planned maintenance starting on 1 March, the company says...
February 10, 2015
The Loyal Group plans to shut its six expandable polystyrene (EPS) plants in China from 14 February for at least two weeks, a source close to the company said Tuesday. Citing weak EPS...
February 10, 2015
Lanxess is said to be in separate talks with Nizhnekamskneftekhim (NKNK; Nizhnekamsk, Russia) and Saudi Aramco to sell a minority stake in its rubber business, according to a Reuters...
February 9, 2015
M&G Chemicals (Luxembourg) is pushing ahead with its purified terephthalic acid-polyethylene terephthalate (PTA-PET) project at Corpus Christi, TX, and the company plans to start...
February 4, 2015
Styrolution, the styrenics subsidiary of Ineos, said today that it has launched a pilot styrene-butadiene copolymer (SBC) plant at Antwerp. The new plant will produce all of...
February 3, 2015

LyondellBasell’s fourth-quarter earnings have beaten the analysts’ consensus estimate by 15%, with lower feedstock costs more than making up for lower product prices. However, the company expects lower crude oil prices to pressure margins in the year ahead. Fourth-quarter earnings from continuing operations totaled $796 million, down 32% year-over-year (YOY) from $1.177 billion. Sales totaled $10.29 billion, down 8% YOY from $11.138 billion. The quarter included a $715 million non-cash, pre-tax charge for the impact of a lower-of-cost-or-market (LCM) inventory adjustment.


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