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January 28, 2015
Shell has signed a deal with Iraq worth $11 billion to build a previously announced petrochemicals complex near Basra, according to Industry Minister Nasser Al Esawi. Esawi told a...
http://www.chemweek.com/newsletters/cbd/Shell-signs-deal-to-build-Iraq-petchems-complex_67278.html
January 28, 2015
Sasol said today that it is formulating a comprehensive plan to conserve cash in response to lower international oil prices. While the detailed actions for Sasol’s plan are being...
http://www.chemweek.com/newsletters/cbd/Sasol-postpones-plans-for-gas-to-liquids-project-in-Louisiana_67279.html
January 28, 2015
Praxair fourth-quarter earnings dropped on weakness outside of North America and the negative currency effects, and the company’s outlook for 2015 fell below expectations. Praxair...
http://www.chemweek.com/newsletters/cbd/Praxair-meets-estimates-but-2015-outlook-disappoints_67280.html
January 28, 2015
PotashCorp says that one of its employees—Keith Stormant—died as a result of an incident that occurred at the company’s Swift Creek mine at White Springs, FL on 26 January. The...
http://www.chemweek.com/newsletters/cbd/Accident-at-PotashCorp-facility-kills-one-worker_67281.html
January 28, 2015
DuPont Fluoropolymer Solutions and Zhonghao Chenguang Chemical Research Institute Co., a subsidiary of ChemChina, have announced that they have formed an equally owned joint venture...
http://www.chemweek.com/newsletters/cbd/DuPont-and-ChemChina-form-fluoroelastomers-joint-venture_67282.html
January 28, 2015
PolyOne (Cleveland) reports fourth-quarter revenue of $869 million, down 6% year-over-year (YOY) from $924 million. The company swung to a net loss of $14 million, versus profit of $49...
http://www.chemweek.com/newsletters/cbd/PolyOne-beats-earnings-per-share-estimates_67283.html
January 28, 2015
Israel Chemicals Ltd. (ICL; Tel Aviv) says that its food specialties business unit has entered into a share purchase agreement to acquire Prolactal (Hartberg, Austria) and its...
http://www.chemweek.com/newsletters/cbd/ICL-to-acquire-Prolactal_67284.html
January 28, 2015
Company Today Yesterday Air Products (APD) 140.73 141.04 Airgas (ARG) 113.40 113.59 Albemarle (ALB) 56.06 56.62 Ashland (ASH) 117.05 120.28 Axiall Corp. (AXLL) 43.29 43.44 Cabot (CBT)...
http://www.chemweek.com/newsletters/cbd/Chemical-stock-update_67285.html
January 27, 2015
ACC's Chemical Activity Barometer (CAB), a leading economic indicator index developed by ACC's economics department, increased 0.2% to 97.7 in January, following a 0.1% decline in...
http://www.chemweek.com/newsletters/cbd/ACCs-leading-indicator-shows-modest-January-gain_67245.html
January 27, 2015
BASF has decided to exit a biobased acrylic acid partnership with Novozymes and Cargill, Novozymes announced today. Novozymes and Cargill have collaborated on the technology since...
http://www.chemweek.com/newsletters/cbd/BASF-exits-biobased-acrylic-acid-collaboration_67246.html
January 27, 2015
Ashland yesterday reported fiscal first-quarter net income from continuing operations down 55% year-on-year (YOY), to $40 million, or 57 cts/share, on sales that were roughly flat at...
http://www.chemweek.com/newsletters/cbd/Ashland-earnings-beat-estimates_67247.html
January 27, 2015
The Swiss National Bank’s (Bern) recent decision to remove the peg between the Swiss franc and the euro—resulting in a rapid strengthening in the Swiss currency’s value—will...
http://www.chemweek.com/newsletters/cbd/Moodys-Removal-of-cap-on-Swiss-franc-will-hurt-Switzerland-based-chemical-firms-earnings_67248.html
January 27, 2015
Sika says that it has agreed to acquire the assets of Duro-Moza (Maputo, Mozambique), a company active in production and sales of specialized mortars and tile adhesives. Financial...
http://www.chemweek.com/newsletters/cbd/Sika-acquires-mortar-and-tile-adhesive-maker-in-Mozambique_67249.html
January 27, 2015
Company Today Yesterday Air Products (APD) 141.04 142.45 Airgas (ARG) 113.59 113.84 Albemarle (ALB) 56.62 56.96 Ashland (ASH) 120.28 117.68 Axiall Corp. (AXLL) 43.44 43.87 Cabot (CBT)...
http://www.chemweek.com/newsletters/cbd/Chemical-stock-update_67250.html
January 27, 2015
DuPont posted stronger fourth-quarter operating income on stronger earnings in agricultural chemicals and performance materials despite a drop in revenue. Reported operating earnings...
http://www.chemweek.com/newsletters/cbd/DuPont-reports-stronger-quarter-warns-currency-will-be-drag-on-2015-earnings_67243.html
January 27, 2015
Winter Storm Juno in the US Northeast could reduce aromatics operations for several producers in the region. The National Weather Service (Silver Spring, MD) issued blizzard warnings...
http://www.chemweek.com/newsletters/cbd/Northeast-US-aromatics-may-see-impact-of-Winter-Storm-Juno_67244.html
January 26, 2015
Ineos today hit out at the United Kingdom’s Environment Audit Committee’s (EAC) call for a moratorium on fracking. EAC is a parliamentary committee comprising members of parliament...
http://www.chemweek.com/newsletters/cbd/Ineos-lambasts-UK-audit-committee-report-calling-for-moratorium-on-fracking_67216.html
January 26, 2015
The battle between the Sika (Baar, Switzerland) management and the company’s controlling shareholders, the Burkard-Schenker family, has taken a new turn, with a statement from the...
http://www.chemweek.com/newsletters/cbd/Sika-board-seeks-to-strip-family-of-power-to-sell-control-of-firm-to-Saint-Gobain_67217.html
January 26, 2015
Mixed xylene (MX) spot prices picked up during the past week in the United States, alongside reduced production, but demand remains weak in domestic as well as overseas markets. Many...
http://www.chemweek.com/newsletters/cbd/Demand-for-mixed-xylenes-exports-from-US-is-still-lackluster_67218.html
January 26, 2015
LG Chem reports net profits declined 38% in the fourth quarter of 2014 compared with the year-ago period, to 109.4 billion South Korean won ($101.0 million). Fourth-quarter sales...
http://www.chemweek.com/newsletters/cbd/LG-Chem-reports-lower-profits_67219.html
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