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August 12, 2014
Industries Qatar (IQ; Doha), a listed firm that controls some of the country’s major petrochemical, fertilizer, and steel manufacturing companies, reports a decline in earnings...
http://www.chemweek.com/markets/plastics/polyethylene/Shutdowns-and-lower-fertilizer-prices-reduce-earnings-at-Industries-Qatar_63124.html
August 12, 2014
LCY Chemical (Taipei), which is being investigated by Taiwanese authorities over its role in the 31 July explosions at Kaohsiung, Taiwan, which killed 30 people and injured more than...
http://www.chemweek.com/markets/plastics/polypropylene/LCY-Chemical-ordered-to-halt-polypropylene-production-at-Kaohsiung_63121.html
August 11, 2014
BP says that a fire has resulted in the shutdown of one of its one of the purified terephthalic acid (PTA) production units at its Cooper River site in Charleston, SC. The...
http://www.chemweek.com/markets/plastics/pet/BPs-Cooper-River-PTA-unit-suffers-fire_63114.html
August 8, 2014
Mexichem (Tlalnepantla, Mexico) has agreed to acquire Vestolit (Marl, Germany), Europe’s sixth-largest manufacturer of polyvinyl chloride (PVC), from private equity firm...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Mexichem-acquires-PVC-producer-Vestolit-for-&euro219-million_62985.html
August 6, 2014
Trinseo (Berwyn, PA) reports a second-quarter net loss of $45 million, down from a loss of $28 million in the year-ago period. Revenues declined 2% year-over-year (YOY) to $1.3 billion. Adjusted earnings of 28 cts/share were shy of the analysts’ consensus estimate of 31 cts/share, as compiled by Thomson Reuters....
http://www.chemweek.com/markets/plastics/polystyrene/Trinseo-reports-second-quarter-loss-of-$45-million_63038.html
August 5, 2014
EPA has granted greenhouse gas prevention of significant deterioration (GHG-PSD) permits to Formosa Plastics Corp. (FPC) for the construction of a 1.6-million m.t./year ethane cracker, a 660,000-m.t./year propane dehydrogenation (PDH) unit, and a 570,000-m.t./year low-density polyethylene plant at its Point Comfort, TX, site....
http://www.chemweek.com/markets/plastics/polyethylene/EPA-grants-permits-to-Formosas-ethylene-propylene-and-polyethylene-projects_63002.html
August 5, 2014
Westlake (Houston) reports second-quarter net income of $169.4 million, up 35% year-over-year (YOY), on sales of $998.6 million, up 7% YOY. However, earnings of $1.26/share fell short of the analysts’ consensus estimate of $1.45, as reported by Thomson Reuters....
http://www.chemweek.com/markets/plastics/polyethylene/Westlake-reports-record-operating-profits-but-misses-estimates_62987.html
August 4, 2014
Saudi International Petrochemical Co. (Sipchem; Al Khubar) announced today that its International Polymers Co. (IPC) affiliate has begun trial runs of its the ethylene vinyl acetates...
http://www.chemweek.com/markets/plastics/polyethylene/Sipchem-and-Hanwha-begin-trial-runs-at-EVA-LDPE-plant-at-Al-Jubail_62948.html
August 4, 2014
RusVinyl, an equally owned joint venture between Sibur (Moscow) and SolVin, on 3 August began test batch production of polyvinyl chloride (PVC), Sibur announced today. Solvay holds a...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/RusVinyl-begins-producing-PVC-in-Russia_62961.html
August 1, 2014
Ineos's compounds subsidiary and Doeflex Compounding (Swindon, UK) have received unconditional clearance from the European Commission to combine the companies' polyvinyl chloride (PVC)...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Ineos-Doeflex-receive-European-Commission-approval-to-combine-their-PVC-compounding-businesses_62935.html
July 31, 2014
Westlake Chemical has closed the previously announced €490-million ($656.5 million) acquisition of polyvinyl chloride (PVC) manufacturer Vinnolit Holdings (Ismaning, Germany) and...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Westlake-closes-&euro490-million-Vinnolit-acquisition_62856.html
July 30, 2014
 Selenis (Portalegre, Portugal) a subsidiary of Control PET (Santo Tirso, Portugal) has acquired Artenius Italia, the last remaining polyethylene terephthalate (PET) ...
http://www.chemweek.com/markets/plastics/pet/Portuguese-firm-acquires-La-Sedas-PET-assets-in-Italy_62804.html
July 24, 2014
M&G Chemicals (Luxembourg) says that an Italian court has confirmed a ruling against Invista, declaring void the Italian counterpart of its patent for polyethylene terephthalate (PET) barrier resin for bottles....
http://www.chemweek.com/markets/plastics/pet/Italian-court-nullifies-Invistas-barrier-patent-says-M-and-G_62699.html
July 24, 2014
ENI (Rome) announced today that its chemicals production subsidiary Versalis (Milan) has signed a cooperation agreement with CB&I under which CB&I will market and provide...
http://www.chemweek.com/markets/plastics/polyethylene/CB-and-I-to-market-Versaliss-LDPE-and-EVA-technologies-in-North-America_62692.html
July 24, 2014
S-Oil (Seoul) today reported improved second-quarter results and outlined investment plans under new increased ownership by Saudi Aramco, including construction of an olefins complex...
http://www.chemweek.com/markets/plastics/polypropylene/S-Oil-swings-to-profit-to-diversify-portfolio-with-olefins-complex_62689.html
July 22, 2014
CB&I and Clariant announced today that their previously announced Ziegler-Natta (ZN) polypropylene (PP) catalyst production plant in Louisville, KY is on schedule to begin...
http://www.chemweek.com/markets/plastics/polypropylene/CB-and-I-and-Clariant-to-commission-PP-catalyst-plant-at-Louisville-next-year_62626.html
July 16, 2014
Alpek (San Pedro Garza García, Mexico), a subsidiary of Grupo Alfa (Monterrey, Mexico), has revised down its Ebitda guidance for 2014 from $570 million to $500 million, the...
http://www.chemweek.com/markets/plastics/pet/Alpek-cuts-2014-Ebitda-guidance-by-$70-million_62480.html
July 16, 2014
Private equity firm SVP Global is preparing to sell vinyls company Vestolit (Marl, Germany) in a deal potentially valued at about €300 million, according to a Reuters report...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Report-Private-equity-firm-prepares-to-divest-PVC-maker-Vestolit_62477.html
July 15, 2014
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) has awarded several technology provision contracts for its previously announced, $3.6-billion Liwa plastics...
http://www.chemweek.com/markets/plastics/polyethylene/Oman-awards-technology-contracts-for-$3-6-billion-petchem-project_62456.html
July 14, 2014
Nizhnekamskneftekhim (NKNK; Nizhnekamsk, Russia), a leading producer of petrochemicals, announced today that it has started producing a new grade of polypropylene (PP) as part of an...
http://www.chemweek.com/markets/plastics/polypropylene/Nizhnekamsk-starts-producing-new-PP-grade_62440.html
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