IHS Chemical Week

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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
February 25, 2014
Dow Building Solutions, a subsidiary of Dow Chemical, has completed converting its three styrofoam extruded polystyrene (XPS) plants in Japan to new polymeric flame-retardant (FR)...
http://www.chemweek.com/markets/plastics/polystyrene/Dow-completes-conversion-of-styrofoam-XPS-plants-in-Japan-to-new-polymeric-flame-retardant-technology_59068.html
February 20, 2014
Axiall reported fourth-quarter net income of $57 million, up 78% year-over-year (YOY). Net sales of $1.1 billion for the quarter were up 44% YOY. The company attributes the gains primarily to the merger with PPG’s chemical’s business. Adjusted earnings of 88 cts/share beat the analysts’ consensus estimate of 67 cts/share....
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Axiall-fourth-quarter-net-income-up-78-percent-to-$57-million_58947.html
February 18, 2014
The privatization of insolvent chemicals and petrochemicals producer Oltchim (Ramnicu Valcea, Romania) has been delayed by almost two months, the company says. The deadline for the...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Oltchim-privatization-delayed_58867.html
February 14, 2014
Alpek, a subsidiary of Alfa (San Pedro Garza García, Mexico), posted net losses of $1 million for the last quarter of 2013, according to the group's results released this week...
http://www.chemweek.com/markets/plastics/pet/Alpek-swings-to-a-net-loss-in-fourth-quarter_58824.html
February 13, 2014
Europe's polyethylene (PE) producers are likely to try a rollover of monthly contract prices in February following a decrease in the Western European February ethylene contract price...
http://www.chemweek.com/markets/plastics/polyethylene/Europes-PE-prices-lose-support-from-ethylene-in-February_58800.html
February 9, 2014
Octal Petrochemicals, a major producer of polyethylene terephthalate (PET) bottle resin at Salalah, Oman, has announced plans to set up a $20-million project in Saudi Arabia to...
http://www.chemweek.com/markets/plastics/pet/Octal-to-invest-in-downstream-facility-in-Saudi-Arabia_58688.html
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