IHS Chemical Week

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July 30, 2014
Westlake Chemical Partners (Westlake Partners; Houston), a master limited partnership formed to manage the ethylene production assets of Westlake Chemical, has begun trading on the New York Stock Exchange (NYSE). Shares opened the first day of trading, 30 July, at $30.28....
http://www.chemweek.com/regions/north_america/Westlake-Chemical-Partners-prices-IPO-at-$24share-begins-trading-on-NYSE_62810.html
July 30, 2014
Cargill has completed the acquisition of Mosaic's salt production business at Hersey, MI, Cargill says. Financial terms of the agreement were not disclosed. In November 2013, Mosaic...
http://www.chemweek.com/regions/north_america/Cargill-acquires-Mosaics-salt-production-in-Michigan_62808.html
July 30, 2014
Dow Corning announced its results today for its fiscal second quarter, with marked improvement in silicone sales in most geographies. The company says there was also significant growth...
http://www.chemweek.com/regions/north_america/Dow-Corning-results-up-on-silicone-sales_62807.html
July 30, 2014
Velocys (Oxford, UK), a technology innovator for smaller scale gas-to-liquids (GTL), has made the final investment decision and will proceed with construction of a commercial GTL plant...
http://www.chemweek.com/regions/north_america/Velocys-commercial-GTL-plant-in-Oklahoma-to-go-ahead_62806.html
July 30, 2014
Mosaic says it plans to discontinue production of muriate of potash (MOP) at its Carlsbad, NM facility. The final date of production is expected to be 31 December, according to...
http://www.chemweek.com/regions/north_america/Mosaic-to-end-MOP-production-at-New-Mexico-facility_62667.html
July 30, 2014
Eastman shut down its HCC-4 hydrocracker at Longview, TX, on 28 July after discovering a leak in a process pipe. The pipe is being repaired, and Eastman expects to bring the unit back online later this week. The incident caused no injuries, and the company does not expect it to have any offsite impact....
http://www.chemweek.com/regions/north_america/Eastman-Longview-cracker-down-for-repairs_62778.html
July 30, 2014
NewMarket (Richmond, VA) reports net income for the second quarter of $66.8 million, up 4% year-over-year (YOY), on sales of $620 million, up 6% YOY. Earnings per share of $5.24 beat analysts’ consensus estimate of $5.02....
http://www.chemweek.com/regions/north_america/NewMarkets-profits-up-4-percent-beats-street-estimates_62790.html
July 29, 2014
Chemtura today reported second-quarter earnings up 59% year-on-year (YOY), to $43 million, on sales up 3%, to $609 million. Earnings from continuing operations totaled $30 million, or...
http://www.chemweek.com/regions/north_america/Chemtura-misses-estimates-despite-higher-sales_62791.html
July 29, 2014
Ecolab today reported adjusted net income up 46% year-on-year (YOY), to $311.4 million, on net sales up 7%, to $3.57 billion. Adjusted income totaled $1.03/share, slightly ahead of...
http://www.chemweek.com/regions/north_america/Ecolab-beats-estimates-on-solid-sales-growth-narrows-guidance_62777.html
July 29, 2014
Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, says that Gordon Sangster has agreed to join Codexis as senior v.p. and...
http://www.chemweek.com/regions/north_america/us/Codexis-appoints-new-CFO_62765.html
July 29, 2014
IHS has entered into a partnership agreement with The Chlorine Institute (CI) that will allow IHS to provide worldwide access to CI’s safety and technical publications via IHS content platforms. The content will cover safe production, handling, and packaging; health and the environment; emergency planning and response; and properties of chemicals and analytical techniques. The materials will continue to be available directly from the CI Bookstore....
http://www.chemweek.com/regions/north_america/IHS-to-host-Chlorine-Institute-safety-and-technical-publications_62763.html
July 28, 2014
Eastman Chemical reports net earnings of $292 million, 9.8% higher year-on-year (YOY). Adjusted earnings of $1.92/share were 14.2% higher YOY and beat a $1.84/share consensus of...
http://www.chemweek.com/regions/north_america/Eastman-beats-estimates-reaffirms-2014-outlook_62764.html
July 28, 2014
Isobutanol producer Gevo, Inc (Englewood, CO) reports that it has made progress on implementing side-by-side operational mode (SBS), which produces both ethanol and isobutanol, at...
http://www.chemweek.com/regions/north_america/Gevo-reports-progress-producing-isobutanol-and-ethanol-at-Luverne-site_62760.html
July 28, 2014
Credit ratings agency Standard and Poor’s (S&P; New York) has downgraded the credit rating of coatings and composites maker Reichhold Industries (Durham, NC), to CCC- from...
http://www.chemweek.com/regions/north_america/S-and-P-downgrades-Reichhold-debt-default-a-possibility_62758.html
July 28, 2014
Gail India and Sumitomo, one of Japan’s largest trading groups, on Friday announced the signing of a memorandum of understanding (MOU) covering cooperation in gas procurement and...
http://www.chemweek.com/regions/north_america/Gail-and-Sumitomo-sign-MOU-on-energy-and-petchems-cooperation_62731.html
July 28, 2014
Stepan announced on Friday that it is carrying out front-end engineering design for a $60–70-million chemical production facility in the industrial corridor of Ascension Parish...
http://www.chemweek.com/regions/north_america/Stepan-plans-surfactants-and-polymer-intermediates-plant-in-Louisiana_62730.html
July 28, 2014

Arkema has started up a new, 45,000-m.t./year methyl acrylate plant at at its site at Clear Lake, TX. The new plant is the last piece of a $110-million project to beef up the company’s US acrylics business.

...

http://www.chemweek.com/regions/north_america/Arkema-completes-$110-million-acrylics-project-with-Clear-Lake-methyl-acrylate-plant_62748.html
July 28, 2014
RPM today reported fiscal fourth-quarter net income up 66.4% year-on-year (YOY), to $108.8 million, on sales up 9.1%, to $1.28 billion. On an adjusted basis—excluding some...
http://www.chemweek.com/regions/north_america/RPM-earnings-rise-subsidiary-agrees-to-settle-asbestos-claims_62746.html
July 28, 2014
MACROECONOMIC STATUS Our running tab of positive indicators was 16 out of 20 this week. Thus, we continue to post a green banner. Chemical Activity Barometer (CAB) up 0.4%; up 4.4% Y/Y...
http://www.chemweek.com/regions/north_america/ACCs-economic-outlook-for-the-week-ended-25-July-2014_62747.html
July 28, 2014
Compass Minerals today reported its second-quarter results, posting a loss of $700,000 in earnings, down from a $10.6-million gain year-on-year (YOY). An earnings per share loss of 2...
http://www.chemweek.com/regions/north_america/Compass-Minerals-reports-loss-on-weak-salt_62744.html
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