IHS Chemical Week

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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
July 11, 2014
The European Patent Office's (EPO; Munich) appeals board revoked on 8 July Invista's patent related to polythethylene terephthalate (PET) barrier resin for bottles, according to...
http://www.chemweek.com/markets/plastics/pet/Europe-revokes-Invista-PET-barrier-resin-patent-following-dispute-with-M-and-G_62421.html
July 10, 2014
CW has learned that PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest chemicals company, is seeking to buy its partner Perstorp out of their polyurethanes (PUs) joint...
http://www.chemweek.com/markets/plastics/toluene_diisocyanate/PTT-Global-Chemical-to-buy-Perstorp-out-of-Vencorex-PUs-JV_62389.html
July 9, 2014
Oman Oil Refineries and Petroleum Industries Co., (Orpic; Muscat) on Tuesday held a workshop for engineering, procurement, and construction (EPC) contractors to brief them on the...
http://www.chemweek.com/markets/plastics/polyethylene/Oman-to-invite-bids-for-$3-6-billion-petrochemical-project_62361.html
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