IHS Chemical Week

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October 21, 2015
During the week ended 17 October, chemical railcar traffic in North America decreased 0.9% year-over-year (YOY), but the volume year-to-date remains slightly positive, despite a decline in total rail volume. For all of North America, chemical railcar traffic during the week totaled 41,489 carloads, down 0.3% from the previous week, according to data released on 21 October by the Association of American Railroads (AAR)....
October 21, 2015
Stepan reports net income increased 84.7% year-on-year (YOY), to $24.9 million, for its fiscal third quarter, as surfactants operating income nearly doubled YOY. Sales were down 9.6%...
October 20, 2015
A. Schulman today reported fiscal fourth-quarter net income of $21.8 million, up 43.4% year-on-year (YOY), on net sales up 7.4%, to $674.0 million. Adjusted earnings totaled 64...
October 20, 2015
Cabot Corporation (Boston) says it will restructure its operations for an expected cost savings of $50 million in fiscal 2016, which began this month....
October 20, 2015
Wacker Chemie has officially started up a new reactor for vinyl acetate ethylene copolymer (VAE) dispersions at its Calvert City, KY, site. The company has invested around...
October 20, 2015
W. R. Grace says that Naren Srinivasan has been appointed v.p./strategy and corporate development of GCP Applied Technologies, the public company expected to be formed by Grace...
October 21, 2015
Badlands NGLs (Denver) says it has licensed Univation Technologies’ Unipol polyethylene (PE) process for four 600,000-m.t./year production lines, two at a site in North Dakota and two at an unnamed US site. The facilities will produce both linear low-density PE and high-density PE....
October 20, 2015
The US specialty chemicals market contracted 1.0% year-on-year (YOY) in September on a three-month moving average (3MMA), according to the latest issue of ACC's specialty market volume...
October 19, 2015
Celanese (Dallas) reports third-quarter earnings of $151 million, down 40% year-over-year (YOY), on sales of $1.4 billion, down 20% YOY. Adjusted earnings per share of $1.50 were well ahead of the analysts’ consensus estimate of $1.37, as compiled by Thomson Reuters (New York)....
October 19, 2015
Oxea (Dallas) is increasing off-list prices for n-propanol and n-propyl acetate on 1 November. Prices for both products will increase 5 cts/lb in North America and $110/m.t. in South and Central America, as well as Asia, Africa, and the Middle East....
October 19, 2015
Azelis Group, a major, Europe-based specialties distributor, has agreed to acquire Koda Distribution to expand its presence in North America. Koda will be renamed Azelis Americas and...
October 19, 2015
Praxair is upgrading its air separation liquefaction capabilities in Salt Lake City, UT. The process is expected to be completed in the first quarter of 2017. The company will add a...
October 16, 2015
US October propylene contracts settled higher on Friday at an increase of 0.50 cents per pound, as spot prices have inched higher on the back of fundamentals. The October polymer grade (PG) grade contract settled at 30.50 cents per pound, while the chemical grade (CG) contract settled at 29.00 cents per pound....
October 16, 2015
The CEOs of 10 of the world’s largest oil and gas companies, which together provide almost a fifth of all oil and gas production and supply nearly 10% of the world’s...
October 16, 2015
PPG Industries today reported third-quarter net income up 14.9% year-on-year (YOY), to $433 million, or $1.59/share, on net sales down 1.8%, to $3.87 billion. Sales rose 6% in...
October 15, 2015
Celanese says that its 50-50 joint venture with Mitsui & Co., has completed construction of the previously announced methanol production plant at Celanese's integrated chemical...
October 15, 2015
Praxair is increasing the price of carbon dioxide (CO2) by up to 15% to its customers in the United States and Mexico, effective 1 November or as individual contracts permit. The price...
October 15, 2015
Dow has asked local authorities to provide a 10-year tax abatement for a $1 billion ethylene glycol (EG) plant that the company would build at its Freeport, TX, facility for MEGlobal, its EG joint venture with Petrochemical Industries Company of Kuwait....
October 15, 2015
Pilot Chemical, a maker of surfactants and other specialty chemicals, says that CEO Paul Morrisroe is retiring, effective today. He will be replaced as CEO by Pilot Chemical president and COO Pamela R. Butcher....
October 15, 2015
Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, today announced that it completed wave 1 of the transfer of its proprietary...
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