IHS Chemical Week

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August 5, 2015
Swan Chemical, a wholly owned subsidiary of specialty chemicals firm Thomas Swan (Consett, UK) says it has acquired Production Systems Inc. (PSI; Akron, OH), a distributor of a range...
http://www.chemweek.com/regions/north_america/Swan-Chemical-acquires-Production-Systems-Inc-_72758.html
August 4, 2015
The company reported adjusted earnings of $79 million, up from $11 million in the year-ago quarter. Earnings improved due to higher margins in the basic chemicals and feedstocks segment, including styrene monomer, styrenic polymers, and polycarbonate. Reported earnings were $1.61/share, 5% above the median analyst estimate as reported by Thomson Reuters....
http://www.chemweek.com/regions/north_america/us/Trinseo-reports-improved-earnings-on-stronger-styrenics-and-polycarbonate-margins_72748.html
August 4, 2015
Renewable chemicals firm BioAmber (Montreal) reports a second-quarter net loss of $14.8 million, compared with a net loss of $14.1 million in the year-ago quarter. Revenues decreased...
http://www.chemweek.com/regions/north_america/BioAmber-widens-loss-expects-Sarnia-plant-to-be-up-and-running-in-the-third-quarter_72747.html
August 4, 2015
Sun Chemical (Parsippany, NJ), a wholly owned subsidiary of DIC (Tokyo), has announced that it has acquired Kingfisher Colours (Reading, UK), a privately owned cosmetics color...
http://www.chemweek.com/regions/north_america/Sun-Chemical-acquires-UK-cosmetics-color-firm_72723.html
August 4, 2015
Westlake Chemical Partners LP (Westlake Partners; Houston) reports second-quarter net income attributable to the partnership of $10.4 million. Earnings of 39 cts per limited partner unit were equal to the analysts’ consensus estimate compiled by Thomson Reuters (New York) Reuters....
http://www.chemweek.com/regions/north_america/us/Westlake-Chemical-Partners-reports-net-income-of-$10-4-million_72733.html
August 4, 2015
Proposed regulations that would disqualify master limited partnerships (MLPs) based on the steam-cracking of natural gas liquids (NGLs) mistakenly focus on the output of the process, rather than input, according to comments submitted to the IRS by Enterprise Products Partners (Houston)....
http://www.chemweek.com/regions/north_america/Enterprise-says-proposed-MLP-regulations-mistakenly-focus-on-products_72744.html
August 4, 2015
Balchem reported second-quarter net earnings of $14.9 million, up 53% year-on-year (YOY). Revenue increased 2% (YOY), to $134.7 million. Reported adjusted earnings of 62 cts/share were...
http://www.chemweek.com/regions/north_america/us/Balchem-earnings-up-53-percent-on-Sensory-Effects-acquisition-and-margin-gains_72746.html
August 4, 2015
Axalta today reported a second-quarter net loss of $25.1 million, compared with a profit of $53.8 million in the year-ago quarter. Sales declined 3.5% year-on-year (YOY), to $1.09...
http://www.chemweek.com/regions/north_america/Axalta-results-hit-by-strong-dollar_72745.html
August 4, 2015
ExxonMobil says it will add flexibility to process light crudes at its Beaumont, TX,  refinery, increasing production capacity by approximately 20,000 bbl/day. The company adds...
http://www.chemweek.com/regions/north_america/ExxonMobil-to-expand-capacity-at-Beaumont-refinery_72732.html
August 4, 2015
Westlake reports second-quarter net income of $205.1 million, up 21.1% year-over-year (YOY), on sales of $1.185 billion, up 18.6% YOY. Strong results in vinyls offset declines in olefins. Earnings per diluted share increased 22% YOY to $1.54, easily beating analysts’ consensus estimate of $1.21/share....
http://www.chemweek.com/regions/north_america/Westlake-income-well-ahead-of-consensus_72729.html
August 4, 2015
The US July ethylene contract settled at 32.75 cts/lb on 3 August, losing 1 ct/lb from the June contract price of 33.75 cts/lb. The decline comes on the back of continued ample supply...
http://www.chemweek.com/regions/north_america/US-July-ethylene-contract-declines-for-second-consecutive-month_72712.html
August 4, 2015
Cabot today reported a fiscal third-quarter net loss of $445 million, or $7.04/share, mostly due to a $482-million asset impairment charge related to the Supreme Court’s recent...
http://www.chemweek.com/regions/north_america/Cabot-swings-to-loss-on-MATS-ruling-charge-lower-sales_72731.html
August 4, 2015
3M and LG Chem have entered into a patent-license agreement to expand further the use of nickel, cobalt, and manganese (NCM) in lithium ion batteries. The balance of power, energy...
http://www.chemweek.com/regions/north_america/3M-LG-Chem-partner-to-expand-use-of-NCM-in-lithium-ion-batteries_72726.html
August 4, 2015
M. Holland Co. (Northbrook, IL) has completed the formation of its new affiliate in Mexico, M. Holland Latinoamérica. The business is a partnership between M. Holland and...
http://www.chemweek.com/regions/north_america/M-Holland-partners-with-Mexican-distributor-to-expand-Latin-American-presence_72722.html
August 3, 2015
Codexis announced today that it has signed a technology and license agreement with Merck worth up to $18 million. The deal grants Merck a non-exclusive license for Codexis’s...
http://www.chemweek.com/regions/north_america/Merck-to-license-Codexis-technology_72672.html
August 3, 2015
Safic-Alcan (Paris), a specialty chemicals distributor, has acquired a 75% stake in ChemSpec (Uniontown, OH). Financial details of the transaction have not been disclosed. ChemSpec is...
http://www.chemweek.com/regions/north_america/Safic-Alcan-acquires-majority-stake-in-US-distributor_72699.html
August 3, 2015
Lanxess said on Monday that effective 1 August, the US legal entity Rhein Chemie has merged into its parent, Lanxess, as an additives business unit. The merger is part of Lanxess's...
http://www.chemweek.com/regions/north_america/Rhein-Chemie-merges-into-Lanxess-as-part-of-groupwide-restructuring_72694.html
August 3, 2015
Renewable Energy Group (REG; Ames, IA) and Imperium Renewables (Seattle) have signed an asset-purchase agreement under which REG would acquire substantially all of Imperium's assets...
http://www.chemweek.com/regions/north_america/REG-to-acquire-Imperium-Renewables_72692.html
August 3, 2015
Dow Chemical today announced that it has completed the previously announced sale of AgroFresh, its postharvest specialty chemical business, to Boulevard Acquisition (New York), a...
http://www.chemweek.com/regions/north_america/us/Dow-completes-divestment-of-AgroFresh_72691.html
August 3, 2015
UN member states have agreed on the draft outcome document of a new sustainable development agenda. The deal provides momentum for a new, universal climate change agreement at a UN...
http://www.chemweek.com/regions/north_america/UN-member-states-agree-on-sustainable-development-goals_72689.html
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