IHS Chemical Week

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November 28, 2014
Europe's December ethylene contract has been confirmed settled at €1010/m.t. del ($1,261.50), down €50/m.t. from November, according to IHS Chemical data.  In addition...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Europes-December-ethylene-and-propylene-contracts-settle-down_65724.html
November 28, 2014
Crude oil production will be maintained at a level of 30 million barrels/day, as was agreed in December 2011, in the interest of restoring market equilibrium, the Organization of the...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/OPEC-Crude-oil-production-to-remain-steady-at-30-million-bblsday_65719.html
November 25, 2014
AkzoNobel has joined forces with SuikerUnie (Dinteloord the Netherlands), Rabobank (Utrecht, the Netherlands), Deloitte, Investment and Development Agency for the Northern Netherlands...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/AkzoNobel-sponsors-study-to-assess-viability-of-producing-chemicals-from-beetroot-sugars_65677.html
November 25, 2014
A report prepared by the International Renewable Energy Agency (Irena; United Arab Emirates), in association with the China National Renewable Energy Centre (CNREC; Beijing), says that...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Report-China-could-double-its-use-of-renewable-energy-by-2030_65678.html
November 24, 2014
Exploitation of shale gas presents an opportunity to secure both raw materials and energy supplies for the chemical industry, says Germany’s chemical industry association VCI...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/VCI-calls-for-rapid-exploration-of-shale-gas-to-determine-potential_65640.html
November 20, 2014
Ratcliffe: UK shale reserves are similar to US Ineos today pledged to invest $1 billion in UK shale gas exploration and appraisal if it wins all the shale gas licenses it has applied...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Ineos-pledges-to-become-the-biggest-UK-shale-player-with-a-$1-billion-investment_65570.html
November 20, 2014
High energy costs and lower R&D spending have eroded the competitiveness of the European Union's chemical industry in export markets during the last two decades, Cefic says. A...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Cefic-study-Costly-energy-lower-R-and-D-spending-have-eroded-EU-chemical-sectors-competitiveness_65566.html
November 18, 2014
Lone Star NGL's board has approved the construction of a 533-mile, 24- and 30-inch pipeline that will carry natural gas liquids (NGLs) from the Permian basin to Mont Belvieu, TX. The company will also convert its 12-inch West Texas NGL pipeline to carry crude oil and condensate....
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Lone-Star-commits-to-$1-5-billion-NGL-condensate-and-crude-pipelines-to-US-Gulf-Coast_65493.html
November 18, 2014
Germany’s small- and medium-sized (SME) companies have accused the federal government of failing to make any progress in the cost of the country's Energiewende, the transition...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Germanys-chemical-SMEs-regard-cost-issue-of-energy-transition-as-unresolved_65503.html
November 17, 2014
Petroleos de Venezuela (PDVSA; Caracas) has restarted its fluid catalytic cracking (FCC) unit at the El Palito, Venezuela refinery, after scheduled maintenance, the company...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/PDVSA-restarts-FCC-unit-at-El-Palito-refinery_65481.html
November 17, 2014
The International Energy Agency (IEA; Paris) says that longer-term signs of stress are emerging in the energy system, and that there is a risk of decision makers being distracted by...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/IEA-World-Energy-Outlook-2014-signs-of-stress-must-not-be-ignored_65480.html
November 17, 2014
Haldor Topsøe announced today that Huineng, a large-scale substitute natural gas (SNG) plant, went on-stream near the city of Ordos, Inner Mongolia in the northern part of...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Huineng-SNG-plant-goes-onstream-transforming-coal-into-clean-energy-in-China_65469.html
November 14, 2014
China will invest $14 billion in Mexico's energy, mining, infrastructure, telecommunications, and tourism sectors after the two countries' governments signed 14 cooperation agreements...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/China-to-invest-$14-billion-in-Mexico-including-$5-billion-in-the-energy-sector_65440.html
November 13, 2014
Trinseo (Berwyn, PA; formerly Styron) reports a third-quarter loss of $10 million, down from a profit of $5 million in the year-ago period. Sales were flat year-over-year (YOY) at $1.3 billion. Higher SSBR volume and a favorable currency effects were offset by lower prices stemming mainly from lower raw material costs, says the company. Adjusted Ebitda declined 14% YOY to $62 million, the result of lower styrene monomer production margins, lower equity affiliate income, partially offset by well-timed raw material purchases, higher solution-polymerized styrene butadiene rubber (S-SBR) sales volume, and currency effects....
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Trinseo-swings-to-loss-on-poor-styrene-margins_65426.html
November 12, 2014
AkzoNobel is working with Enerkem (Montreal) to explore the use of waste streams as a feedstock for producing chemical and to develop waste-to-chemicals facilities. AkzoNobel says it...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/AkzoNobel-and-Dutch-partners-work-with-Enerkem-to-explore-waste-to-chemicals-production_65309.html
November 12, 2014
Enterprise Products Partners and Oiltanking Partners have concluded the agreement that will merge the two companies, under a $6-billion deal announced on 1 October. Each share in Oiltanking will be exchanged for 1.3 shares in Enterprise, a 10.4% premium based on closing prices on 10 November, says Enterprise. Enterprise expects the merger to be completed in early 2015....
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Enterprise-Oiltanking-reach-merger-agreement_65320.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/people_and_business/energy_and_feedstocks/Reports-Vitol-to-invest-$130-million-to-upgrade-Australia-refinery_65290.html
November 10, 2014
Idemitsu Kosan (Tokyo) restarted its 687,000-m.t./year steam cracker at Tokuyama, Japan, this weekend, according to media reports. The cracker was offline since October following an...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Idemitsu-Kosan-restarts-Tokuyama-cracker_65257.html
November 7, 2014
Technip and Biochemtex, majority shareholder in Beta Renewables, which controls the second-generation biotechnology Proesa, announced today that they have signed an alliance agreement...
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Technip-and-Biochemtex-form-bioethanol-plant-alliance_65210.html
November 6, 2014
Sunoco Logistics has concluded open season for the company's $2.5-billion Mariner East 2 pipeline project. The pipeline will carry natural gas liquids (NGLs) from the Marcellus and Utica shale basins to the company’s Marcus Hook, PA complex. The company also says it is developing the addition of an “NGL manufacturing complex” at Marcus Hook that would include a propane dehydrogenation (PDH) plant....
http://www.chemweek.com/people_and_business/energy_and_feedstocks/Sunoco-Logistics-moves-forward-on-Mariner-2-pipeline-plans-propane-dehydro-plant-at-Marcus-Hook_65191.html
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