IHS Chemical Week

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January 29, 2015
David Lumpkins has joined the board of directors of Westlake Chemical Partners’ general partner. Westlake Chemical Partners (Houston) is the master limited partnership formed by Westlake Chemical to operate, acquire and develop ethylene production facilities....
http://www.chemweek.com/regions/north_america/David-Lumpkins-joins-board-of-Westlakes-ethylene-MLP_67334.html
January 29, 2015
Groups are advocating, and governments are considering, changes to recycling policy to increase recycling rates in the US, according to a panel discussion on packaging held yesterday...
http://www.chemweek.com/regions/north_america/ACI-2015-Groups-governments-consider-changes-to-recycling-policies_67340.html
January 29, 2015
Ash Stevens (Riverview, MI), a provider of global contract pharmaceutical drug substance development and active pharmaceutical ingredient (API) manufacturing services, says that FDA...
http://www.chemweek.com/regions/north_america/us/Ash-Stevens-to-manufacture-amotosalen-API-for-Cerus_67310.html
January 29, 2015
Modernization of the Toxic Substances Control Act (TSCA), the chemicals management law in the United States, was a major topic at Wednesday’s ACI issues briefing, held during...
http://www.chemweek.com/regions/north_america/ACI-2015-TSCA-reform-tops-regulatory-agenda_67323.html
January 29, 2015
Sherwin-Williams (SW) today reported fourth-quarter net income up 14.3% year-on-year (YOY), to $132.7 million, on sales up 4.6%, to $2.57 billion. Earnings totaled $1.37/share...
http://www.chemweek.com/regions/north_america/Sherwin-Williams-earnings-rise-but-miss-estimates_67317.html
January 29, 2015
Renewable fuels and chemicals maker Gevo (Englewood, CO) says that the U.S. Supreme Court ruled in its favor and overturned an earlier Federal Circuit Court of Appeals ruling on the...
http://www.chemweek.com/regions/north_america/Gevo-wins-round-in-Butamax-patent-fray_67286.html
January 29, 2015
Umicore (Brussels) says that its precious metals chemistry business unit has appointed a subsidiary of Midas Pharma (Ingelheim, Germany) at Parsippany, NJ, as the exclusive sales agent...
http://www.chemweek.com/regions/north_america/us/Umicores-API-business-appoints-sales-partner-for-North-America_67298.html
January 29, 2015
Mitsui & Co. has signed two time-charter contracts for liquefied natural gas (LNG) ships slated for the Cameron LNG export project in Louisiana, the company announced today. The...
http://www.chemweek.com/regions/north_america/Mitsui-secures-two-more-ships-for-US-LNG-export-project_67292.html
January 29, 2015
Styrene cargoes have been offered from overseas into Asia at more competitive prices than cargoes of Asian product, although concerns over transit time, forward pricing risk, and...
http://www.chemweek.com/regions/north_america/Offers-from-Europe-US-weigh-on-Asias-styrene-markets_67293.html
January 29, 2015
Executives at international cleaning products associations say that harmonizing regulatory and sustainability standards across different countries will be a key focus in 2015. Association executives also pointed to initiatives in individual countries or regions, such as Registration, Evaluation, and Authorisation of Chemicals (Reach) in Europe or education about proper use of cleaning products in Brazil. The executives spoke Tuesday at the global issues briefing at ACI’s annual conference in Orlando, FL....
http://www.chemweek.com/regions/north_america/ACI-2015-Standards-harmonization-key-to-international-agenda_67287.html
January 29, 2015
Cabot reports net sales for the fiscal first quarter ended 31 December 2014 of $812 million, down 10% year-on-year (YOY) from $898 million. Net income totaled $45 million, down 44% YOY from $80 million. Adjusted earnings were 80 cents/share, beating analysts’ consensus of 65 cts/share as compiled by Thomson Reuters (New York). The company says that an 11-ct/share adjustment principally reflected charges associated with a pension settlement and restructuring....
http://www.chemweek.com/regions/north_america/Cabot-income-drops-on-weakness-in-Europe-South-America_67288.html
January 28, 2015
Albemarle today reported a fourth-quarter net loss of $18.5 million, or 24 cts/share, compared with a profit of $155.9 million in the year-ago quarter. Net sales declined 6.4%...
http://www.chemweek.com/regions/north_america/Albemarle-earnings-fall-short-of-estimates-on-lower-sales_67289.html
January 28, 2015
Praxair fourth-quarter earnings dropped on weakness outside of North America and the negative currency effects, and the company’s outlook for 2015 fell below expectations...
http://www.chemweek.com/regions/north_america/Praxair-meets-estimates-but-2015-outlook-disappoints_67275.html
January 28, 2015
As energy and petrochemical prices continue to drop, the United Steelworkers (USW; Pittsburgh)—which represents about 30,000 workers across refineries, pipelines, terminals, and...
http://www.chemweek.com/regions/north_america/US-refinery-operators-union-workers-discuss-labor-agreement-as-energy-markets-continue-slide_67252.html
January 28, 2015
PolyOne (Cleveland) reports fourth-quarter revenue of $869 million, down 6% year-on-year (YOY) from $924 million. The company swung to a net loss of $14 million, versus a profit of $49 million in the year-ago quarter. Special items, the largest of which was the mark-to-market pension adjustment, resulted in a net after-tax charge of $47.5 million, says the company. Adjusted earnings of 36 cents/share were up 38% YOY and beat analysts’ consensus estimate of 34 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/PolyOne-beats-earnings-per-share-estimates_67254.html
January 28, 2015
PotashCorp says that one of its employees — Keith Stormant —died as a result of an incident that occurred at the company’s Swift Creek mine at White Springs, FL on 26...
http://www.chemweek.com/regions/north_america/us/Accident-at-PotashCorp-phosphate-facility-at-White-Springs-kills-one-worker_67258.html
January 28, 2015
Winter Storm Juno in the United States took a more northeastern route than initially forecast, on 26 January and early yesterday, missing refineries and aromatics plants in the...
http://www.chemweek.com/regions/north_america/Winter-Storm-Juno-misses-aromatics-production-in-northeast-US_67251.html
January 28, 2015
Novus International (St. Louis, MO) has awarded a contract to Jacobs Engineering for a previously announced expansion of its methionine capacity on the US Gulf Coast. Jacobs will...
http://www.chemweek.com/regions/north_america/Novus-awards-US-methionine-expansion-contract-to-Jacobs_67269.html
January 28, 2015
Sasol said today that it is formulating a comprehensive plan to conserve cash in response to lower international oil prices. While the detailed actions for Sasol’s plan are being...
http://www.chemweek.com/regions/north_america/Sasol-postpones-plans-for-gas-to-liquids-project-in-Louisiana_67264.html
January 27, 2015
Cytec today reported a fourth-quarter net loss of $29.3 million, or 41 cts/share, compared with a profit of $59.4 million in the year-ago quarter. Sales from continuing operations rose...
http://www.chemweek.com/regions/north_america/Cytec-beats-estimates-but-earnings-hit-by-accounting-adjustment_67253.html
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