IHS Chemical Week

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January 6, 2012
Marubeni (Tokyo) says it has entered into an agreement with energy company Hunt Oil (Dallas, TX), to acquire a 35% stake in the Eagle Ford shale oil and gas play covering about 52,000...
January 5, 2012
A propylene oxide (PO) plant operated by SCG-Dow Group, a joint venture between Dow and Siam Cement at Map Ta Phut, Thailand, has commenced full production. The world-scale facility...
January 5, 2012
BASF has invested $30 million in Renmatix, a Philadelphia-based start-up with cellulosic sugar technology BASF says could help it broaden its use of renewable raw materials and improve...
January 4, 2012
DuPont says it will collaborate with NexSteppe (Malibu, CA) to develop sweet sorghum and high-biomass sorghum hybrids suitable for use as renewable feedstock. Under the terms of the...
January 4, 2012
Sinopec says it will enter the U.S. shale market by buying a one-third interest in Devon Energy’s (Oklahoma City, OK) assets in several shale plays. Sinopec will acquire about...
January 3, 2012
Enterprise Products Partners says it has received sufficient transportation commitments to support development of its 1,230-mile pipeline from the Marcellus/Utica Shale areas of...
January 3, 2012
Total says its subsidiary Total Exploration & Production USA (Total E&P) has entered into a joint venture with Chesapeake Exploration to acquire a 25% share in...
January 2, 2012
West Virginia Governor Earl Ray Tomblin has signed into law a bill detailing permit requirements for horizontal drilling in West Virginia, including in the Marcellus Shale. The law...
January 2, 2012
EPA has partially granted a petition from environmental groups asking the agency develop rules requiring makers of chemicals used in hydraulic fracturing fluids to submit existing...
December 27, 2011
EPA has partially granted a petition from environmental groups asking the agency develop rules requiring makers of chemicals used in hydraulic fracturing fluids to submit existing...
December 27, 2011
Petrobras says it has purchased an 80% stake in Companhia de Desenvolvimento de Plantas Utilidades (CPDU) for R$20 million ($10.8 million). CPDU will provide steam power, water and...
December 27, 2011
Enterprise Products Partners has agreed to sell 22.8 million common units of pipeline operator Energy Transfer Equity (ETE), roughly 10% of ETE's shares outstanding, to an undisclosed...
December 21, 2011
DSM Venturing, DSM’s venture capital arm, has acquired a stake in NanoHoldings (Rowayton, CT), a company specializing in breakthrough nanotechnology discoveries in the field of...
December 20, 2011
Neste Oil (Helsinki) announced the construction of a pilot plant to produce microbial oil based on waste, at Porvoo, Finland. The pilot plant will be the first designed to produce...
December 19, 2011
Who would have thought twenty years ago that a humdrum chemical like ethanol would become the focus of major new commercial activity in ways not even imagined at that time....
December 19, 2011
DuPont and the New Jersey Department of Environmental Protection (NJDEP) have agreed DuPont will pay a $725,000 fine and update hazardous materials handling procedures at a facility...
December 13, 2011

Reduced rates of capacity expansion and continued demand growth in “high-velocity” economies, led by China, should drive petrochemical makers to peak profits over the next few years, according to analysts with IHS Chemical.


December 12, 2011
Equate Petrochemical (Safat, Kuwait) is actively seeking acquisitions outside the Middle East and may be close to a deal before the end of the year, company officials say. "Our strategy is to look for M&A opportunities in the line of our existing products," says Hamad Al-Terkait, Equate CEO....
December 9, 2011
EPA says its draft analysis of groundwater in Pavillion, WY indicates there has been migration of certain chemicals from hydraulic fracturing operations that resulted in concentrations...
December 7, 2011
The successful increase of shale gas production has dramatically transformed the outlook for both U.S. energy supplies and the petrochemical industry, according to a new study by IHS Global Insight. Chemicals production in particular stands to benefit from an extended period of low natural gas prices, as it uses natural gas as a fuel source and feedstock, the report says....
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