IHS Chemical Week

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Displaying 81 - 92 of 1898 stories.
February 5, 2016
LyondellBasell says it has completed the sale of Petroken Petroquimica Ensenada (Petroken; Buenos Aires), a producer of polypropylene, to Grupo Inversor Petroquímica (GIP; Madrid) for $184 million....
February 5, 2016
Maire Tecnimont said on Friday that its subsidiaries Tecnimont and Kinetics Technology have signed an engineering, procurement and construction contract with Socar Polymer (Baku) for...
February 5, 2016
Indian Prime Minister Narendra Modi on Friday officially inaugurated the long-delayed 100 billion Indian rupees ($1.48 billion) Brahmaputra Cracker and Polymer complex at Lepetkata...
February 4, 2016
Americas Styrenics (AmSty; The Woodlands, TX) says it has cut polystyrene prices. Effective 1 February, the transaction price of general-purpose grades of polystyrene (GPPS) has been reduced by 2 cts/lb, and the transaction price of high-impact grades of polystyrene (HIPS) has been reduced by 3 cts/lb....
February 2, 2016
LyondellBasell reports net income for the fourth-quarter of $795 million, up 0.5% year-over-year (YOY) from $791 million. Sales totaled $7.071 billion, down 31.3%. Adjusted earnings of $2.20/share beat the average analyst estimate of $2.14/share as compiled by Thomson Reuters (New York). Lower ethylene margins took a large chunk of the earnings, partly offset by higher polyolefin volumes and margins....
January 29, 2016
State-controlled oil and gas company Ecopetrol (Bogotá) says that its board has approved plans to divest all of its shares in wholly owned polyolefins subsidiary Polipropileno...
January 29, 2016
Westlake Chemical’s (Houston) $2.9-billion bid for Axiall (Atlanta) is low, says analyst Hassan Ahmed of Alembic Global Advisors (New York). Although the $20/share offer represents a premium over 100%, Axiall has been deeply undervalued by the stock market, Ahmed says....
January 29, 2016

Westlake Chemical (Houston) says its $2.9-billion bid to acquire Axiall (Atlanta) has been “summarily rejected” by the Axiall board of directors. The combination would create North America’s second-largest producer of polyvinyl chloride, with 23% of the market’s 8.9 million m.t./year of production capacity. 

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January 29, 2016
Lubrizol has announced the official opening of a chlorinated polyvinyl chloride (CPVC) compounding plant at Dahej, India. The project forms part of Lubrizol's latest investments in its...
January 28, 2016
A fire at one of MOL Petrochemicals’ two steam crackers at Tiszaujvaros, Hungary, on 21 January caused limited damage and no injuries. Production at the plant was halted but the...
January 28, 2016
Sadara, a Saudi Aramco-Dow Chemical joint venture now in the final stages of building a $20-billion petrochemical complex at Jubail, will commission its core unit, a mixed feed cracker...
January 27, 2016
Univation Technologies, a Dow Chemical subsidiary; and Linde’s engineering division announced on Wednesday that they will cooperatively provide performance and cost efficiencies...
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