IHS Chemical Week

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December 12, 2014
Engineering and construction (E&C) firm KBR said on Thursday that it will streamline its operations following a major, strategic review announced in June. The restructuring...
http://www.chemweek.com/regions/north_america/KBR-to-streamline-operations-following-an-in-depth-review_66145.html
December 11, 2014
Virent (Madison, WI) announced today that it has successfully produced para-xylene, toluene, and benzene from renewable resources at demonstration scale.  The company confirms...
http://www.chemweek.com/regions/north_america/Virent-demonstrates-renewable-aromatics-production_66131.html
December 11, 2014
US chemical output is set accelerate sharply through the end of the decade, exceeding the growth of the overall US economy, according to ACC’s Year End 2014 Chemical Industry Situation and Outlook, published today....
http://www.chemweek.com/regions/north_america/us/US-chemical-output-growth-to-hit-3-7-percent-in-2015-ACC-says_66082.html
December 11, 2014
Gas Natural Fenosa (Barcelona) is planning a 1.4-billion Mexican peso ($97 million) investment in 2015 to boost its liquefied petroleum gas (LPG) distribution network in Mexico...
http://www.chemweek.com/regions/north_america/Spanish-gas-firm-to-invest-in-Mexico-LPG-distribution-infrastructure_66085.html
December 11, 2014

Chevron Phillips Chemical (CPChem; The Woodlands, TX) has completed the installation of a tenth furnace to ethylene unit 33 at its Sweeny complex in Old Ocean, TX. The company expects the new furnace to increase Sweeny’s ethylene production capacity by 90,000 m.t./year to a total of 1.95 million m.t./year.

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http://www.chemweek.com/regions/north_america/Chevron-Phillips-completes-Sweeny-ethylene-expansion_66083.html
December 11, 2014
Sherwin-Williams (SW) announced today that it will supply paint to Lowe’s, the US building-supply retailer, under a program called HGTV Home. Products under that brand will be...
http://www.chemweek.com/regions/north_america/Sherwin-Williams-to-supply-paint-to-Lowes-under-new-deal_66097.html
December 11, 2014
US Bankruptcy Court in Delaware has approved the restructuring plan for RPM subsidiary Bondex, a maker of pigments, metal coatings, cleaning products and a variety of construction...
http://www.chemweek.com/regions/north_america/Court-approves-Bondex-restructuring-plan_66086.html
December 11, 2014
Petróleos Mexicanos (Pemex) began upgrade works on the ammonia plant at the company's petrochemical site at Camargo in the state of Chihuahua, northwestern Mexico, this week...
http://www.chemweek.com/regions/north_america/Pemex-begins-upgrade-works-at-idle-ammonia-plant_66081.html
December 10, 2014
Rivertop Renewables (Missoula, MT), a specialty chemicals company, has begun construction on a commercial plant at DanChem Technologies’ (DTI) site at Danville, VA. DTI will...
http://www.chemweek.com/regions/north_america/Renewable-chemical-company-to-build-glucaric-acid-plant_66031.html
December 10, 2014
The US Senate today passed its version of H.R. 4007—The Protecting and Securing Chemical Facilities from Terrorist Attacks Act of 2014, an updated version of the Chemical and...
http://www.chemweek.com/regions/north_america/US-Senate-passes-amended-version-of-CFATS-bill-moves-to-House-for-approval_66063.html
December 10, 2014
Rentech says that D. Hunt Ramsbottom has resigned as president and CEO and also as CEO of the general partner of Rentech Nitrogen Partners “to pursue other opportunities.”...
http://www.chemweek.com/regions/north_america/us/Rentech-CEO-departs_66068.html
December 10, 2014
KMG Chemicals today reported fiscal 2015 first-quarter net income down 12% year-on-year (YOY), to $1.19 million, on sales down 3%, to $90.8 million. Adjusted net income rose 14%, to...
http://www.chemweek.com/regions/north_america/KMG-Chemicals-earnings-decline-on-lower-sales_66067.html
December 10, 2014
DuPont has reached agreement to sell its Neoprene polychloroprene business to Denka Performance Elastomer, a new joint venture company owned 70% by Denki Kagaku Kogyo (Denka; Tokyo) and 30% by Mitsui & Co. Neoprene, the first commercially successful elastomer, was invented by DuPont in 1931....
http://www.chemweek.com/regions/north_america/us/DuPont-to-sell-Neoprene-elastomer-business-to-Denka-Mitsui-JV_66032.html
December 10, 2014
AkzoNobel says a fire at its Battleground facility in La Porte, TX, damaged the building housing its high-purity metallo-organics (HPMO) unit on 9 December. The company has not said whether the fire, which was extinguished within 20 minutes, affected production....
http://www.chemweek.com/regions/north_america/us/AkzoNobel-reports-fire-at-Texas-high-purity-metallo-organics-unit_66034.html
December 10, 2014
Private equity firm The Riverside Co. (New York) says that it has acquired Drex-Chem (Shah Alam, Malaysia), a specialty chemicals distributor. Financial details of the agreement have...
http://www.chemweek.com/regions/north_america/us/Private-equity-firm-acquires-Malaysia-based-chemicals-distributor_66009.html
December 10, 2014
Former Solutia chairman and CEO Jeffry Quinn, currently founder and managing member of Quinpario Partners (New York), will be launching a capital management firm – called...
http://www.chemweek.com/regions/north_america/Quinn-to-launch-capital-management-firm_66037.html
December 10, 2014
BP said today that it expects to incur restructuring charges of $1 billion over the next five quarters. The company is presenting its future strategy and plans in the upstream and gas...
http://www.chemweek.com/regions/north_america/BP-to-incur-$1-billion-charges-reexamine-upstream-investments_66019.html
December 9, 2014
Novus International (St. Charles, MO) says it will expand US methionine feed additive capacity by 120,000 m.t./year by 2020....
http://www.chemweek.com/regions/north_america/us/Novus-plans-US-Gulf-Coast-methionine-expansion_66006.html
December 9, 2014
US production of major plastic resins totaled 6.40 billion lbs during October, a year-on-year (YOY) increase of 1.2%, according to ACC. However, production for the first 10 months dropped 2.5% YOY, to 62.0 billion lbs....
http://www.chemweek.com/regions/north_america/us/ACC-reports-October-increase-in-US-resin-production_65994.html
December 9, 2014
Reichhold Industries (Durham, NC) says that the United States Bankruptcy Court for the District of Delaware has approved bidding procedures for a court-supervised auction of substantially all of its US assets....
http://www.chemweek.com/regions/north_america/us/Bankruptcy-court-approves-auction-of-Reichholds-US-assets_66005.html
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