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November 12, 2014
Technip has entered into a contract to supply its Technip Stone & Webster ethylene technology and process design package for a previously announced grassroots ethane cracker...
http://www.chemweek.com/newsletters/cbd/Technip-to-provide-ethylene-technology_65340.html
November 12, 2014
Petrokemya, a wholly owned Sabic subsidiary, plans to expand its butadiene extraction plant at Jubail, Saudi Arabia. KBR has been awarded a front-end engineering design contract by...
http://www.chemweek.com/newsletters/cbd/Petrokemya-to-expand-capacity_65341.html
November 12, 2014
Industrial gases firm Messer (Bad Soden, Germany) has signed a 25-year contract to supply oxygen and nitrogen to Hoa Phat Steel, Vietnam’s largest steel producer. Messer will build...
http://www.chemweek.com/newsletters/cbd/Messer-to-construct-ASU-in-Vietnam_65342.html
November 12, 2014
Israel Chemicals Ltd. (ICL; Tel Aviv) says its net profits for the third quarter of 2014 more than doubled compared with the year-ago quarter, to $180 million. Third-quarter sales...
http://www.chemweek.com/newsletters/cbd/ICL-reports-huge-rise-in-third-quarter-profits_65331.html
November 12, 2014
Petronas (Kuala Lumpur) has reached an agreement with Phillips 66 Asia, a subsidiary of Phillips 66, to acquire a 47% interest in Malaysian Refining Co. (MRC), which will result in...
http://www.chemweek.com/newsletters/cbd/Petronas-buys-Phillips-66-out-of-Melaka-refinery-for-$635-million_65332.html
November 12, 2014
LyondellBasell Industries will invest about €200 million to modernize its petrochemical site at Berre, France, following the permanent closure of the company's refinery at the same...
http://www.chemweek.com/newsletters/cbd/LyondellBasell-to-invest-200-million-at-Berre-site_65333.html
November 12, 2014
Dow Chemical is raising its quarterly dividend by 14%, to 37 cts/share, and more than doubling the size of its share buyback program, the company says. The share buyback program...
http://www.chemweek.com/newsletters/cbd/Dow-raises-dividend-increases-size-of-share-buyback_65334.html
November 12, 2014
Reports say investment giant Capital Group has upped its stake in PotashCorp to 83.1 million shares—just above 10% of the total, making its ownership double that of any other...
http://www.chemweek.com/newsletters/cbd/Reports-Capital-Group-ups-stake-in-PotashCorp_65335.html
November 12, 2014
AkzoNobel is working with Enerkem (Montreal) to explore the use of waste streams as a feedstock for chemical production and to develop waste-to-chemicals facilities. AkzoNobel says it...
http://www.chemweek.com/newsletters/cbd/AkzoNobel-to-work-with-Enerkem-on-waste-to-chemicals_65336.html
November 12, 2014
OCI Partners (Nederland, TX) reports third-quarter income of $19 million, down 21% year-over-year (YOY) from $24 million. Sales totaled $90 million, down 6% YOY from $96 million. The...
http://www.chemweek.com/newsletters/cbd/OCI-Partners-earnings-down-21-percent-YOY-on-volume-costs_65337.html
November 11, 2014
BASF and Anhui Huaheng Biotechnology (Hefei, China) have signed a letter of intent to do a feasibility study for jointly building and operating a new L-alanine production plant at...
http://www.chemweek.com/newsletters/cbd/BASF-and-Anhui-Huaheng-mull-L-alanine-production-joint-venture-in-China_65297.html
November 11, 2014
Monsanto, Sumitomo Chemical, and Sumitomo’s wholly-owned subsidiary, Valent USA (Walnut Creek, CA), have agreed to extend their strategic partnership in Monsanto’s Roundup Ready...
http://www.chemweek.com/newsletters/cbd/Sumitomo-Chemical-and-Monsanto-extend-crop-protection-collaboration_65298.html
November 11, 2014
Vitol (Rotterdam) is investing about A$150 million ($130 million) at the company's Geelong, Australia refinery, according to Australian media reports. Vitol acquired the refinery from...
http://www.chemweek.com/newsletters/cbd/Reports-Vitol-to-invest-$130-million-to-upgrade-refinery_65299.html
November 11, 2014
Company Today Yesterday Air Products (APD) 134.90 134.53 Airgas (ARG) 114.37 113.70 Albemarle (ALB) 61.99 61.32 Ashland (ASH) 112.62 111.32 Axiall Corp. (AXLL) 42.94 42.29 Cabot (CBT)...
http://www.chemweek.com/newsletters/cbd/Chemical-stock-update_65300.html
November 11, 2014
ACC president Cal Dooley says the midterm elections provide a more favorable policy environment for US chemical makers to carry out US growth and investment plans. Republicans will...
http://www.chemweek.com/newsletters/cbd/ACC-expresses-optimism-on-post-election-TSCA-trade-prospects_65294.html
November 11, 2014
Chevron Phillips Chemical (CPChem; The Woodlands, TX) says it has begun the process of restarting the ethylene plant at its Port Arthur, TX, facility. The company expects the plant to...
http://www.chemweek.com/newsletters/cbd/CPChem-restarts-Port-Arthur-TX-ethylene-plant_65295.html
November 11, 2014
Solvay says it has opened a new facility at Bad Wimpfen, Germany, to produce the synthetic building block 4-ethoxy-1,1,1-trifluoro-3-butene-2-one (ETFBO). Large active ingredient...
http://www.chemweek.com/newsletters/cbd/Solvay-opens-ETFBO-plant-in-Germany_65296.html
November 11, 2014
Ballooning trade deficits and how Latin American can emulate North America’s investment boon with its own shale gas resources dominated discussion at the 34th annual meeting of the...
http://www.chemweek.com/newsletters/cbd/APLA-2014-Capturing-new-feedstock-and-demand-opportunities_65293.html
November 10, 2014
Versalis, the chemicals subsidiary of ENI (Rome), will permanently shut down a complex producing xylenes and ethylbenzene at Sarroch, Italy, following the purchase of some downstream...
http://www.chemweek.com/newsletters/cbd/Versalis-will-launch-major-downsizing-in-Europe_65265.html
November 10, 2014
Dow Chemical says it will appeal a polyurethanes price-fixing class-action judgment to the US Supreme Court. In September, the US Court of Appeals for the Tenth Circuit affirmed a jury...
http://www.chemweek.com/newsletters/cbd/Dow-to-appeal-polyurethanes-decision-to-US-Supreme-Court_65266.html
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