IHS Chemical Week

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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
July 7, 2014
A €50/m.t. ($68) increase in Europe's feedstock ethylene July contract price has set the tone for a targeted polyvinyl chloride (PVC) contract price increase, according to...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Europes-July-ethylene-contract-price-rises-sets-tone-for-PVC-hikes_62268.html
July 7, 2014
Advanced Petrochemical Co. (Advanced; Al Jubail), a producer of polypropylene (PP), reports an increase of 35% in its second-quarter net profit, to 185 million Saudi riyals ($49.3...
http://www.chemweek.com/markets/plastics/polypropylene/Advanced-Petrochemical-reports-higher-second-quarter-profits_62265.html
July 7, 2014
LG International (LGI; Seoul) and its partner Hyundai Engineering & Construction have signed a memorandum of understanding (MOU) with state-owned energy group Turkmengas (Ashgabat)...
http://www.chemweek.com/markets/plastics/polyethylene/LGI-extends-involvement-in-Turkmenistan-projects-will-offtake-products_62262.html
July 3, 2014
Synthos (Oświęcim, Poland) will invest 631.2 million zloty ($207.6 million) across three petrochemical projects at the Special Economic Zone (SEZ) of Krakow, Poland, the SEZ...
http://www.chemweek.com/markets/plastics/polystyrene/Synthos-announces-three-petchem-projects-at-Krakow_62239.html
July 3, 2014
Huntsman Polyurethanes Shanghai, a joint venture between Huntsman and Shanghai Chlor-Alkali Chemical (SCAC), plans to double methylene di-para-phenylene isocyanate (MDI) splitting capacity of its facility in the Shanghai Chemical Industrial Park (SCIP). The expansion, which will begin operation in 2017, will increase the site’s MDI splitting capacity to 480,000 m.t./year, says Huntsman....
http://www.chemweek.com/markets/plastics/methylene_dipara_phenylene_isocyanate/Huntsman-Shanghai-Chlor-alkali-JV-to-double-MDI-splitting-capacity_62220.html
June 30, 2014
Chevron Phillips Chemical (CPChem; The Woodlands, TX) plans to begin a 100,000-m.t./year expansion of  its Cedar Bayou normal alpha-olefins (NAO; also called linear alpha-olefins) plant in Baytown, TX, in July 2015. The company says its board has approved the project, which has already obtained the necessary environmental permit from the Texas Commission on Environmental Quality (TCEQ)....
http://www.chemweek.com/markets/plastics/polyethylene/CPChem-gets-greenlight-for-Cedar-Bayou-normal-alpha-olefins_62158.html
June 30, 2014
JBF Industries (Mumbai) says it has started up its new polyethylene terephthalate (PET) plant at Geel, Belgium. The plant, designed to produce 432,000 m.t./year of PET, is...
http://www.chemweek.com/markets/plastics/pet/JBF-Industries-starts-up-Europes-largest-PET-plant-in-Belgium_62157.html
June 30, 2014
Ineos will acquire BASF’s 50% share in Styrolution (Frankfurt), a joint venture between the companies, for €1.10 billion ($1.47 billion) , the companies said today. The...
http://www.chemweek.com/markets/plastics/polystyrene/Ineos-to-acquire-BASFs-stake-in-Styrolution-for-&euro1-1-billion_62146.html
June 27, 2014
BEWi AS (Hamarvik, Norway), a producer of expandable polystyrene (EPS) insulation and packaging, has merged with EPS producer StyroChem Finland Oy (StyroChem; Porvoo, Finland). Although terms of the deal were not disclosed, Verdane Capital, owner of Styrochem, says it will hold a share of the new company, BEWi Group....
http://www.chemweek.com/markets/plastics/polystyrene/BEWi-StyroChem-Finland-merge-as-BEWi-Group_62139.html
June 27, 2014
The future of Europe's polyolefin value chain lies in making it inclusive of future generations of employees, says Koos van Haasteren, executive v.p. at Sabic Europe. In a keynote...
http://www.chemweek.com/markets/plastics/polyethylene/PEPP-2014-The-future-of-Europes-polyolefin-value-chain-lies-in-sustainability-related-opportunities_62037.html
June 25, 2014
Asia will remain the main demand region for polyolefins, and its share of worldwide polyolefin consumption will exceed 50% by 2020, with China representing well over half of this...
http://www.chemweek.com/markets/plastics/polyethylene/PEPP-2014-Asia-will-continue-to-drive-demand-growth-for-polyolefins_62020.html
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