IHS Chemical Week

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February 3, 2016
During the week ended 30 January, chemical railcar traffic in North America increased 0.2% year-on-year as a gain in the United States offset a decline in Canada. Volume totaled 44,595 carloads, up 8.5% from the previous week, according to data the Association of American Railroads released on 3 February. For the year to date, chemical railcar traffic in North America is flat versus a 15% decrease in all railcar traffic....
February 3, 2016
Renewable Energy Group (REG; Ames, IA) has signed an asset-purchase agreement with Sanimax Energy (DeForest, WI) to acquire Sanimax’s 20-million gal/year nameplate capacity...
February 3, 2016
Dow plans to shut down 20% of its Deer Park, TX, acrylates capacity in response to poor market conditions. The company says it will also optimize turnaround and structural costs and explore co-producer supply agreements....
February 3, 2016
Kraton Performance Polymers has completed the sale of its compounding business to PolyOne for $72 million in cash. In conjunction with the sale, Kraton and PolyOne have entered into a...
February 3, 2016
Olin reports a net loss for the fourth quarter of $59.3 million, down from earnings of $12.8 million in the year-ago period. Sales totaled $1.267 billion, up from $500 million on the acquisition of Dow’s chlorine products business in October 2015. Adjusted earnings of 31 cts/share beat the average analyst estimate of 20 cts/share as compiled by Thomson Reuters (New York)....
February 3, 2016
Chemours is planning the construction of a $178 million plant at Ingleside, TX, for the production of the refrigerant HFO-1234yf, according to documents released by local authorities. Hydrofluoroolefin, HFO-1234yf is the cornerstone of the company’s Opteon line of low global-warming-potential (GWP) fluorocarbons, which Chemours has tapped to generate an additional $100 million in annual adjusted Ebitda by 2017....
February 8, 2016
ExxonMobil reports that its chemical segment turned in fourth-quarter earnings of $963 million, down 21% year-over-year (YOY) from $1.227 billion on declining margins and other effects. Declines in the United States were partially offset by gains abroad....
February 8, 2016
LyondellBasell reports net income for the fourth-quarter of $795 million, up 0.5% year-over-year (YOY) from $791 million. Sales totaled $7.071 billion, down 31.3%. Adjusted earnings of $2.20/share beat the average analyst estimate of $2.14/share as compiled by Thomson Reuters (New York). Lower ethylene margins took a large chunk of the earnings, partly offset by higher polyolefin volumes and margins....
February 5, 2016
Dow Chemical reported adjusted net income before one-time items of $1.1 billion, up 7% on a year-on-year (YOY) basis on strong margin gains in performance plastics and higher volumes in all regions....
February 3, 2016
US fourth-quarter propylene production increased, although inventories decreased, according to data released this week by the American Fuel & Petrochemical Manufacturers (AFPM)....
February 2, 2016
The US January ethylene net transaction contract settled lower for the second consecutive month on Tuesday, coming on the back of strong operating rates, healthy supply and bearish sentiment during January. The January ethylene net transaction (NT) contract price settled at 24.75 cts/lb, down by 1.00 ct/lb from December....
February 2, 2016
Total announced on Tuesday that it has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with Pertamina (Jakarta) for the supply of LNG volumes increasing from...
February 2, 2016
The government of Alberta is seeking to attract petrochemical investment to the province via the government's Petrochemicals Diversification Program. The program is intended to...
February 2, 2016
Dow Chemical has appointed Jim Fitterling to the position of president and COO. Fitterling will continue to report to Dow chairman and CEO Andrew Liveris, who announced today that he would retire from Dow or its successor by the end of second-quarter 2017....
February 10, 2016
Balchem (New Hampton, NY) announced Monday that it has acquired Albion International (Clearfield, UT) for $111.5 million in cash....
February 8, 2016
CHS (Inver Grove Heights, MN) has completed a previously announced $2.8-billion equity investment in a nitrogen subsidiary of CF Industries. Under the agreement, CHS can receive shipments of granular urea up to 1.1 million tons/year and up to 580,000 tons/year of urea and urea ammonium nitrate (UAN) from CF Industries, effective 1 february....
February 1, 2016
Vilmorin (Paris) announced on Monday that it has acquired Genica Research (Dixon, CA), which specializes in research, breeding, production, and distribution of hybrid vegetable seeds...
February 1, 2016
Strong demand and shipping inquiries from Asia have put a strain on cargo space for US petrochemical exports, pushing up freight rates out of the US. The primary driver has been expanding US methanol production capacity, but strong Asian interest in US para-xylene (p-xylene), styrene, ethanol and ethylene dichloride has also  contributed to the pinch. Compounding the problem, two major shippers were unable to move any material during January, according to ship brokers Netco....
February 1, 2016
Huber Engineered Materials (HEM; Atlanta) has completed the acquisition of Albemarle’s Martinswerk business, announced in mid-December. HEM, a division of J.M. Huber Corp. (Edison, NJ), says it has kept Martinswerk’s current management team to ensure a smooth integration of the business, which has been incorporated within Huber’s fire retardant additives (FRA) business unit....
February 1, 2016
Patrick Prevost, president and CEO of Cabot (Boston), continues to recover from a minor stroke he suffered late last year, says the company, and he will not participate Cabot’s first-quarter 2016 earnings call, which is scheduled for Tuesday, 2 February. Prevost took a medical leave of absence beginning in early December....
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