IHS Chemical Week

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May 6, 2014
Bayer announced today that it has agreed to acquire the consumer-care business of pharmaceutical company Merck & Co. (Whitehouse Station, NJ), for $14.2 billion in cash. Bayer, at...
http://www.chemweek.com/regions/north_america/us/Bayer-to-acquire-consumer-care-business-of-Merck-and-Co-for-$14-2-billion_60812.html
May 6, 2014
A new methane-to-ethylene process developed by Siluria Technologies appears to be both technologically and economically viable, and it could improve the relative cost position of ethylene producers in Europe and Asia, say analysts at IHS....
http://www.chemweek.com/regions/north_america/IHS-Model-shows-strong-economics-for-Silurias-methane-to-ethylene-process_60784.html
May 5, 2014
Renewable chemical firm P2 science (New Haven, CT) announced today that it has entered into chemical technology partnership with Milan-based process engineering firm Desmet Ballestra...
http://www.chemweek.com/regions/north_america/P2-inks-renewable-chemicals-partnership-with-Desmet-Ballestra_60795.html
May 5, 2014
Koppers Holdings today reported net income down 80% year-on-year (YOY), to $2.2 million, or 11 cts/share, on sales down 11%, to $331.4 million. Adjusted earnings totaled $6.6 million...
http://www.chemweek.com/regions/north_america/Koppers-earnings-plummet-on-weak-carbon-materials-results_60785.html
May 5, 2014
Platform Specialty Products today reported a first-quarter net loss of $5.9 million compared with income of $15.3 million in the year-ago quarter, on sales up 1% year-on-year (YOY), to...
http://www.chemweek.com/regions/north_america/Platform-Specialty-Products-reports-loss_60782.html
May 5, 2014
Idemitsu Kosan and Mitsui & Co. have decided not to proceed with their proposed, equally owned, linear alpha olefins joint venture project in the United States. The companies...
http://www.chemweek.com/regions/north_america/Idemitsu-Kosan-and-Mitsui-and-Co-cancel-plans-for-US-alpha-olefins-project_60777.html
May 2, 2014
From a supply and demand standpoint, there will be no fundamental change to the US ethylene system as a result of Westlake Chemical’s move to carve out its ethylene assets into a Master Limited Partnership (MLP)....
http://www.chemweek.com/regions/north_america/us/INSIGHT-Westlake-ethylene-MLP-leverages-tax-advantages-and-frees-capital-for-investment_60711.html
May 2, 2014
Activist hedge fund Third Point, led by Daniel Loeb, has called on Dow Chemical to provide greater detail on its petrochemical operations, arguing that the segment is “underearning” by at least $2.5 billion/year. Third Point says in a 1 May letter to investors that the earnings gap is the result of the “result of a strategy focused more on selling downstream products than on maximizing profits.”...
http://www.chemweek.com/regions/north_america/us/Hedge-fund-Third-Point-sharpens-criticism-of-Dows-petchem-strategy_60770.html
May 2, 2014
Niagara Fiber, which is owned by private equity firm Arsenal Capital (New York), has announced it will acquire Allied Blending & Ingredients (ABI; Keokuk, IA), a maker of fiber and...
http://www.chemweek.com/regions/north_america/Arsenals-Niagara-Fiber-acquires-Allied-Blending_60768.html
May 2, 2014

Phillips 66 (Houston) reports that its chemical segment, comprising a 50% share in Chevron Phillips Chemical, turned in first-quarter earnings of $316 million, up 20% year-on-year.

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http://www.chemweek.com/regions/north_america/Phillips-66-chemical-earnings-up-20-percent-YOY-on-improved-benzene-margins_60767.html
May 2, 2014
Sun Pharma (Mumbai), India’s major pharmaceuticals player, said today that it is closing its Detroit manufacturing plant as part of a consolidation. The company has not said how...
http://www.chemweek.com/regions/north_america/Sun-Pharma-to-close-Detroit-plant_60764.html
May 2, 2014
LyondellBasell Industries has received a key permit required in the company's ethylene expansion program, the company announced today. The investments are expected to provide an...
http://www.chemweek.com/regions/north_america/LyondellBasell-gets-permit-for-ethylene-expansion-at-Corpus-Christi_60762.html
May 2, 2014
Cambrex (East Rutherford, NJ) reports a 91.2% fall in net profits for the first quarter of 2014 compared with the year-ago period, to $982,000. First-quarter sales decreased 11.2%, to...
http://www.chemweek.com/regions/north_america/us/Cambrex-reports-huge-fall-in-profits_60760.html
May 2, 2014
Stepan says that Scott Behrens has been appointed v.p. and general manager/surfactants, effective 5 September. Behrens will succeed John Venegoni, who will retire on the same day...
http://www.chemweek.com/regions/north_america/us/Stepan-appoints-new-v-p-and-general-managersurfactants_60755.html
May 2, 2014
BASF today reported a 2% rise in first quarter net income to €1.48 billion ($2.05 billion) on 1.1% lower sales of €19.5 billion. Earnings before interest and tax (Ebit)...
http://www.chemweek.com/regions/north_america/BASF-plans-methane-to-propylene-investment-in-the-US-reports-higher-income_60752.html
May 1, 2014
TPC Group (Houston) says its board has approved funds to proceed with the engineering of a third production unit for highly reactive polyisobutylenes. The  capacity will address increased demand spurred by changes in lubricating oil standards....
http://www.chemweek.com/regions/north_america/TPC-moves-forward-on-design-of-third-polyisobutylene-unit_60751.html
May 1, 2014
Williams is considering the construction of a second ethane cracker at its Geismar, LA, facility. The company currently envisions a greenfield project in which joint-venture partners would build associated derivative capacity....
http://www.chemweek.com/regions/north_america/Williams-looks-at-joint-venture-ethane-cracker-for-Geismar_60747.html
May 1, 2014
Nova Chemicals reports first quarter profit of $245 million, up 32% year-over-year (YOY) on gains in the olefins/polyolefins business unit. Sales totaled $1.38 billion, up 10% YOY....
http://www.chemweek.com/regions/north_america/Nova-Chemicals-profits-up-32-percent-on-polyethylene-earnings_60729.html
May 1, 2014
Nova Chemicals CEO Randy Woelfel has left the company after failing to reach agreement on a contract extension, a company official says....
http://www.chemweek.com/regions/north_america/us/Nova-Chemicals-CEO-exits-after-failing-to-reach-agreement-on-contract_60746.html
May 1, 2014
Enterprise Products Partners (Houston) reports record first-quarter net income of $807 million, up 6.9% year-over-year (YOY) on gains in services related to natural gas, offset by petrochemicals and services related to crude oil and refined products. Sales totaled $12.9 billion, up 13.4% YOY....
http://www.chemweek.com/regions/north_america/Enterprise-earnings-up-6-9-percent-on-gains-from-new-assets_60732.html
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