IHS Chemical Week

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March 31, 2014
China’s polypropylene (PP) demand represents 33% of worldwide demand, far ahead of North America and Western Europe, each a distant joint second at 14%, IHS Chemical says...
http://www.chemweek.com/markets/plastics/polypropylene/IHS-WPC-2014-China-is-still-a-net-PP-importer-but-it-continues-working-toward-self-sufficiency_59932.html
March 28, 2014
Nizhnekamskneftekhim (NKNK; Nizhnekamsk, Russia), a major producer of petrochemicals, today reported lower earnings and revenues for full-year 2013, citing a slowdown in the global...
http://www.chemweek.com/markets/plastics/polyethylene/NKNK-reports-lower-earnings-advances-cracker-project_59901.html
March 26, 2014
Maire Tecnimont (Rome) today announced that, through some of its subsidiaries and in association with Archirodon Group,a leading construction contractor, it has signed an agreement...
http://www.chemweek.com/markets/plastics/polyethylene/Tecnimont-signs-agreement-for-offsites-and-utilities-for-Tahrir-project-in-Egypt_59835.html
March 24, 2014
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) has selected CB&I to carry out front-end engineering and design (FEED) on its previously announced $3.6-billion...
http://www.chemweek.com/markets/plastics/polyethylene/Oman-selects-CB-and-I-for-FEED-and-cracker-technology-Engineers-India-for-project-management_59789.html
March 20, 2014
Trinseo, formerly Styron, filed for an initial public offering worth up to $200 million today, nearly three years after the company filed for a $400 million that never commenced...
http://www.chemweek.com/markets/plastics/polystyrene/Trinseo-refiles-for-IPO_59621.html
March 14, 2014
Eight manufacturers of expanded polystyrene (EPS), participating in the hexabromocyclododecane (HBCDD) consortium, have successfully submitted an application for authorization to the...
http://www.chemweek.com/markets/plastics/polystyrene/EPS-producers-submit-Reach-authorization-dossier-for-HBCDD_59597.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/plastics/polystyrene/TrinseoStyron-swings-to-profit_59475.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/plastics/polypropylene/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/plastics/polyvinyl_chloride/Ineos-Solvay-add-assets-in-Germany-and-possibly-UK-to-divestment-package-for-EU-approval-of-chlorvinyls-JV_59471.html
March 11, 2014
Members of the European Parliament (MEPs) have voted in favor of legislation to reduce the consumption of plastic carrier bags in the European Union. The parliament’s environment...
http://www.chemweek.com/markets/plastics/polyethylene/Plastic-bags-EU-countries-to-reduce-usage-by-80-percent-by-2019_59469.html
March 6, 2014
Polyvinyl chloride (PVC) producers in Europe continue to struggle to maintain margins. The PVC market is currently balanced, so PVC prices are expected to remain relatively flat...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/PVC-prices-under-pressure-in-Europe-as-ethylene-declines-in-March_59376.html
March 4, 2014
Novamont (Novara, Italy) has acquired a 78% stake in Mater-Biopolymer (Patrica, Italy), a unit of the Mossi & Ghisolfi (M&G; Tortona, Italy) group, Novamont announced...
http://www.chemweek.com/markets/plastics/pet/Novamont-buys-majority-of-PET-biobased-polyester-company-from-M-and-G_59296.html
March 3, 2014
Saudi International Petrochemical Co. (Sipchem; Al Khobar) today announced that it is commencing initial startup of cable insulation polymers plant owned by its affiliate, Gulf...
http://www.chemweek.com/markets/plastics/polyethylene/Sipchem-begins-startup-of-cable-polymers-plant-in-Saudi-Arabia_59267.html
March 1, 2014
Equate Petrochemical Co. (Equate; Kuwait City), a joint venture between Petrochemical Industries Co., Dow and the local Boubyan Petrochemical Co., and Qurain Petrochemical Industries...
http://www.chemweek.com/markets/plastics/polyethylene/Equate-reports-record-results-aims-to-become-more-global_59248.html
February 28, 2014
Solvay and Ineos say they have offered the European Commission a revised remedy package, consisting of substantial asset divestments, to secure the commission's approval for the...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Solvay-Ineos-sweeten-divestment-package-offered-to-secure-EU-Commission-approval-for-chlorvinyls-JV_59224.html
February 27, 2014
Styrolution (Frankfurt), the global leading producer of styrenics jointly owned by BASF and Ineos, today announced record profits for 2013. Ebitda before special items for the...
http://www.chemweek.com/markets/plastics/polystyrene/Styrolution-posts-record-profit-on-strong-styrene-PS-margins-optimistic-for-2014_59151.html
February 27, 2014
Octal Chemicals (Muscat) has selected West Chester, OH as the site of the company's first polyethylene terephthalate (PET) manufacturing plant in North America, says real estate...
http://www.chemweek.com/markets/plastics/pet/Omans-Octal-selects-site-in-US-for-reusable-PET-plant_59144.html
February 27, 2014
The Dalian Commodities Exchange (DCE; Dalian, China) polypropylene (PP) futures contract will commence trading on 28 February, the same day as the Dubai Gold & Commodities Exchange...
http://www.chemweek.com/markets/plastics/polypropylene/DCE-to-launch-PP-futures-contract-on-28-February_59117.html
February 25, 2014
Styrolution, the equally owned styrenics joint venture of BASF and Ineos, announced today that it plans to rationalize polystyrene (PS) capacity in North America. Styrolution also...
http://www.chemweek.com/markets/plastics/polystyrene/Styrolution-to-mothball-PS-plant-in-the-US-strengthen-specialties_59077.html
February 25, 2014
Braskem has revised the price of its stock tender offer to minority shareholders of polyvinyl chloride (PVC) manufacturer Solvay Indupa (Buenos Aires) to 2.40 Argentinian pesos/share...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Braskem-raises-offer-for-Indupa-listed-shares-by-78-percent_59070.html
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