IHS Chemical Week

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May 5, 2015
ChevronPhillips Chemical (CPChem) has said its Sweeny, TX Ethylene Unit 22 will be returned to service following a planned maintenance turnaround. In a filing with the Texas Commission...
http://www.chemweek.com/regions/north_america/CPChem-Sweeny-ethylene-unit-returns-to-service_70099.html
May 5, 2015
IHS analysts' said Tuesday that they do not expect additional benzene to move from the US to Europe this month, following recent shipments of about 10,000 m.t. that are set to arrive...
http://www.chemweek.com/regions/north_america/Additional-US-benzene-to-Europe-not-expected-after-recent-fixtures_70104.html
May 5, 2015
Bayer CropScience on Tuesday announced a strategic innovation partnership with Flagship Ventures, a leading venture capital and venture-creation firm. The partnership also includes an...
http://www.chemweek.com/regions/north_america/Bayer-CropScience-forms-innovation-partnership-with-venture-capital-firm-Flagship-Ventures_70082.html
May 5, 2015
Balchem today reported first quarter net earnings that nearly doubled year-on-year (YOY), to $15.2 million, on sales up 68.5%, to $144.5 billion. The rise in sales was mostly due to...
http://www.chemweek.com/regions/north_america/Balchem-earnings-soar-due-to-inclusion-of-SensoryEffects_70089.html
May 5, 2015
Boardwalk Pipeline confirmed on Monday that its Evangeline ethylene pipeline has an estimated in-service restart date of 1 July. The early July restart date was in line with market...
http://www.chemweek.com/regions/north_america/Boardwalk-Pipeline-confirms-early-July-restart-for-Evangeline-Pipeline_70075.html
May 5, 2015
The national average price of regular unleaded gasoline has moved higher for 19 consecutive days for a total of 23 cents per gallon, due to higher crude oil costs and a number of...
http://www.chemweek.com/regions/north_america/US-retail-gasoline-prices-up-19-consecutive-days_70061.html
May 4, 2015
Westlake says conversions to cost-advantaged ethane feedstock improved first-quarter margins in the vinyls chain, but the gain was more than offset by lower margins in olefins. The company reports first-quarter net income of $146 million, down 7.6% year-on-year (YOY) from $158 million. Net sales increased 7.4% YOY to $1.104 billion, mainly on the contribution of Vinnolit, the specialty PVC resin business acquired last July. Earnings per share of $1.10 fell short of the analysts’ consensus estimate of $1.18, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/us/Westlake-misses-estimates-as-crude-takes-toll-on-olefin-margins_70057.html
May 4, 2015
PQ has named George Biltz president and CEO, effective 1 May. Biltz succeeds Michael Boyce, who will continue to serve as PQ chairman. PQ is a leading producer of silicates...
http://www.chemweek.com/regions/north_america/us/PQ-confirms-new-CEO_70055.html
May 4, 2015
FMC says it has named former Cheminova CEO Jaime Gomez-Arnau to the post of v.p./agricultural solutions/Europe, Mideast, and Africa. Gomez-Arnau will report to Mark Douglas...
http://www.chemweek.com/regions/north_america/FMC-names-former-Cheminova-CEO-to-v-p-post_70059.html
May 4, 2015
US styrene prices are expected to remain strong throughout June, amid ongoing and upcoming turnarounds, according to IHS Chemical.  Styrene producers have already sold out for May and most of June, and are starting to offer July material....
http://www.chemweek.com/regions/north_america/us/US-styrene-prices-expected-to-stay-strong-through-June_70039.html
May 1, 2015
US olefins sources said on Friday that Boardwalk Pipeline's Evangeline ethylene pipeline would be back online in late June. The Evangeline pipeline, which transports ethylene between...
http://www.chemweek.com/regions/north_america/Evangeline-ethylene-pipeline-to-restart-in-late-June-sources-said_70036.html
May 1, 2015
Petróleos Mexicanos's (Pemex; Mexico City) first-quarter domestic petrochemical sales totaled 7.25 billion Mexican pesos ($478 million), down 4.5% year-on-year (YOY), and...
http://www.chemweek.com/regions/north_america/Pemexs-petrochemical-production-falls-on-planned-and-unplanned-maintenance_70022.html
May 1, 2015
Cambrex (East Rutherford, NJ) reports a more than eightfold increase in net profits for the first quarter of 2015 compared with the first quarter of 2014, to $7.99 million...
http://www.chemweek.com/regions/north_america/us/Cambrex-reports-huge-rise-in-profits_70017.html
May 1, 2015
Wayne Smith. BASF says that Wayne Smith is the new chairman and CEO its North American subsidiary, effective 1 May. He succeeds Hans Engel, who as CFO for BASF, will relocate to the...
http://www.chemweek.com/regions/north_america/us/BASF-appoints-CEONorth-America_70014.html
May 1, 2015
Boulevard Acquisition (New York), a public investment vehicle formed by Avenue Capital, announced today that it has reached a deal to acquire Dow' Chemical's AgroFresh business, a...
http://www.chemweek.com/regions/north_america/Dow-agrees-to-sell-AgroFresh-to-investment-firm-for-$879-million_69975.html
May 1, 2015
Whitmore Manufacturing Company (Rockwall, TX), a subsidiary of investment firm Capital Southwest (Dallas), says it has acquired Strathmore Products (Syracuse, NY) for an undisclosed...
http://www.chemweek.com/regions/north_america/Capital-Southwests-Whitmore-acquires-industrial-coatings-maker_70026.html
May 1, 2015
With the addition of Harwick Standard Distribution (Akron, OH), Lanxess says that its US-based subsidiary Lanxess Corp. (Pittsburgh, PA) has expanded its distribution network for its...
http://www.chemweek.com/regions/north_america/us/Lanxess-signs-distribution-deal-with-Harwick-Standard-for-high-performance-elastomers_70010.html
May 1, 2015
International Flavors & Fragrances (IFF) today completed the acquisition of Ottens Flavors (Philadelphia), a maker of flavors technologies, for an undisclosed sum. The deal was...
http://www.chemweek.com/regions/north_america/IFF-completes-Ottens-Flavors-acquisition_70025.html
May 1, 2015
KMG Chemicals said today it has completed the acquisition of Valves Incorporate of Texas (Val-Tex; Houston), which was announced in early April, for $23.7 million in cash plus 606,875...
http://www.chemweek.com/regions/north_america/KMG-completes-Val-Tex-acquisition_70024.html
May 1, 2015
PolyOne reports first quarter net income of $70.1 million, up 24% year-over-year (YOY) from $56.4 million on double-digit increases in color and engineered materials. Sales totaled $873 million, down 13% YOY. Adjusted earnings of 46 cts/share were up 5% YOY....
http://www.chemweek.com/regions/north_america/us/PolyOne-net-income-up-sales-down-on-destocking_70007.html
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