IHS Chemical Week

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November 4, 2015
CB&I on Friday announced that it has been awarded an early-works contract by Lotte Chemical Louisiana to provide construction planning and reviews as well as early works services...
November 2, 2015
The future looks good for North America’s polyolefin producers, according to analysts who spoke this week at the IHS Global Plastics Summit in Chicago....
October 30, 2015
TPG Capital Management (Fort Worth, TX) is mulling a sale or initial public offering of Nexeo Solutions (Woodlands, TX), according to media reports. The potential deal has been valued...
October 30, 2015

Enterprise Products Partners is considering an expansion of the 270-mile Aegis ethane pipeline, which serves ethylene producers on the US Gulf Coast. The company says it will conduct a binding open commitment period during November to gauge shipper support.


October 30, 2015

ExxonMobil says its chemicals segment turned in earnings of $1.2 billion during the third quarter, up 2% year-over-year (YOY). Higher margins increased earnings by $210 million, largely on lower feedstock costs, but the gain was entirely offset by a range of other items, mainly unfavorable currency exchange effects. Volume mix effects increased earnings by $30 million. Third-quarter prime product sales of 6.1 million m.t. fell 167,000 m.t. YOY, mainly outside the United States.


October 30, 2015
Potash Corporation of Saskatchewan (PotashCorp; Saskatoon, SK) reports net income for the third quarter of $282 million, down 11% year-over-year (YOY), on revenues of $1.529 billion, down 7% YOY. Adjusted earnings of 37 cts/share fell just shy of the analysts’ consensus estimate of 38 cts/share as compiled by Thomson Reuters (New York)....
October 29, 2015
Eastman Chemical reports net earnings 21.7% higher year-on-year (YOY), to $258 million. Adjusted earnings were 2.6% lower YOY, to $1.84/share, meeting the analysts’ consensus...
October 29, 2015
Chevron has shifted the roles of two top executives,  effective 1 January 2016. Michael Wirth, currently executive v.p./downstream and chemicals, will become executive...
October 29, 2015
Praxair today reported third-quarter net income down 16% year-on-year (YOY), to $401 million, on sales down 15%, to $2.69 billion. Adjusted earnings, which excluded a restructuring...
October 29, 2015
Methanex reports third-quarter net income of $78 million, up 50% year-over-year (YOY), on revenues of $527 million, down 29% YOY. Adjusted earnings of 26 cts/share missed the analysts’ consensus estimate of 37 cts/share. "Our third quarter adjusted net income reflects lower average realized methanol pricing compared to the second quarter of 2015,” says John Floren, president and CEO....
October 29, 2015
Sherwin-Williams (SW) today reported third-quarter net income up 14.8% year-on-year (YOY), to $374.5 million, on sales that were roughly flat, at $3.15 billion. Earnings totaled...
October 29, 2015
Air Products reported adjusted net income of $397 million for its fiscal fourth quarter ended 30 September, up 11% versus year-on-year (YOY). Reported earnings of $1.82/share were up 10% YOY and 2 cts above analyst estimates as reported by Thomson Reuters (New York). Sales of $2.5 billion decreased 9% YOY on unfavorable currency impacts and lower energy pass-through costs. Overall volumes were unchanged YOY as industrial gases Asia and the liquified natural gas (LNG) equipment business grew while materials technologies and Americas industrial gases volumes were lower....
October 29, 2015
BASF says it is planning to start production of diethylhexyl terephthalate Palatinol DOTP in North America in 2017 by investing in dedicated production facilities at Pasadena, TX. The...
October 29, 2015
Cytec Industries says that it has acquired a stake in privately held Penso Holdings (Coventry, UK), an engineering services, vehicle conversion, and composite part manufacturing...
October 28, 2015
Westlake Chemical Partners (Houston) has declared a distribution of 29.94 cts/share, an increase of 2.89% over the second-quarter distribution. The distribution is the fifth since the company’s initial public offering closed on 4 August, 2014....
October 28, 2015
Lubricants maker Quaker Chemical has reported net income down 8.3% year-on-year (YOY), to $14.4 million, or $1.08/share, on net sales down 5%, to $189.2 million. Results declined...
October 28, 2015
FMC swung to a third-quarter loss of $2.4 million, compared with net income of $56 million in the year-ago quarter, due to the strong dollar and weakness in agriculture. Adjusted...
October 28, 2015
Air Products announced today it has signed a long-term helium supply contract with RasGas, to offtake helium from RasGas’ under-construction Helium 3 facility, which will come...
October 28, 2015
Grupo Kuo (Mexico City) sales revenue from its synthetic rubber and plastics business totaled 2.52 billion Mexican pesos ($152.2 million) down slightly from the peso2.53 billion...
October 28, 2015
Samsung Engineering has been awarded an early-works contract by Lotte Chemical (Seoul) for a standalone 700,000-m.t./year ethylene glycol (EG) plant to be built alongside a steam...
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