IHS Chemical Week

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February 20, 2015
Propylene inventories were up slightly in the United States for the week ended 13 February, according to data released by the US Energy Information Administration. Domestic inventories...
http://www.chemweek.com/regions/north_america/Propylene-stocks-up-in-US_67931.html
February 20, 2015
US prompt benzene spot prices have again dropped below the $2.00/gallon mark this week on the back of ample supply, weak demand, declining crude futures, and the potential for imports...
http://www.chemweek.com/regions/north_america/Benzene-prices-fall-back-below-$2-00gallon-in-US-on-weak-fundamentals_67933.html
February 20, 2015
Axiall reports a net loss of $13.8 million for the fourth quarter, a sharp drop year-over-year (YOY) from $57 million. Net sales were flat YOY at $1.1 billion. Adjusted earnings per share of 19 cts beat the mean analysts’ estimate of 16 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/Axiall-swings-to-loss-but-beats-estimates_67912.html
February 19, 2015
Calgon Carbon has reported fourth quarter net income up 10% year-on-year (YOY), to $12.1 million, on sales up 5.7%, to $140.6 million. The activated carbon segment, which constitutes...
http://www.chemweek.com/regions/north_america/Calgon-Carbon-earnings-rise-on-strong-activated-carbon-sales_67901.html
February 19, 2015
Yara International and BASF today announced that they have agreed to build a previously announced world-scale ammonia plant at BASF’s site at Freeport, TX. The two companies, in...
http://www.chemweek.com/regions/north_america/us/BASF-Yara-confirm-plans-to-invest-$600-million-to-build-ammonia-plant-at-Freeport_67885.html
February 19, 2015
Huntsman reports a loss of $38 million for the fourth quarter of 2014, down 190% year-over-year (YOY) from profit of $41 million on lower earnings from the pigment and additives division. Sales for the quarter totaled $2.95 billion, up 9% YOY from $2.70 billion. Adjusted diluted income of 33 cts/share missed the mean analysts’ estimate of 37 cts/share compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/us/Huntsman-swings-to-$38-million-loss-misses-estimates_67862.html
February 19, 2015
PolyOne says that it is expanding capacity for its OnForce LFT long-fiber specialty thermoplastics, in response to growing customer demand for metal replacement. A new, dedicated...
http://www.chemweek.com/regions/north_america/us/PolyOne-expands-capacity-for-long-fiber-specialty-thermoplastics_67884.html
February 18, 2015
US specialty chemical market volumes fell 0.5% on a sequential basis in January, following gains of 0.3% and 0.6%, respectively, in November and December, according to ACC. The drop...
http://www.chemweek.com/regions/north_america/ACC-Specialties-market-volumes-decline-in-January_67881.html
February 18, 2015
Tesoro's (San Antonio) board has approved two complementary investments—a mixed xylenes project and a naphtha isomerization project—at the company's Anacortes, WA...
http://www.chemweek.com/regions/north_america/Tesoros-board-approves-mixed-xylenes-project-at-Anacortes_67855.html
February 18, 2015
Innospec has reported net income down 3.0% year-on-year (YOY), to $27.9 million, or $1.11/share, on sales up 20%, to $290.7 million. Ebitda rose 28% YOY, to $49.5 million, while...
http://www.chemweek.com/regions/north_america/Innospec-net-income-declines-despite-higher-sales_67865.html
February 18, 2015
BP said today it has starting training additional replacement workers to supplement the current workforce that has been filling in for striking United Steelworkers (USW) employees. The...
http://www.chemweek.com/regions/north_america/BP-training-replacement-workers-during-USW-strike_67880.html
February 18, 2015
Specialty chemical maker MacDermid has named Scott Benson president, effective 20 February. Benson will have responsibility for all of MacDmermid’s operations, including the...
http://www.chemweek.com/regions/north_america/MacDermid-names-new-president_67878.html
February 18, 2015
Stepan today reported net income down 42% year-on-year (YOY), to $6.2 million, or 27 cts/share, on sales down 4%, to $454.2 million. Adjusted net income totaled $8.8 million, or 38...
http://www.chemweek.com/regions/north_america/Stepan-misses-estimates-on-weak-surfactants-results_67864.html
February 18, 2015
CF Industries reports a drop in fourth-quarter profits as higher selling prices were offset by lower volumes and higher natural gas costs. Net earnings fell 26.8% year-on-year (YOY)...
http://www.chemweek.com/regions/north_america/CF-profits-fall-on-higher-natural-gas-prices_67861.html
February 18, 2015
Automobile organization AAA (Heathrow, FL) says that the US average price for regular unleaded gasoline has increased every day since 27 January for a total of 22 cents/gallon over 22...
http://www.chemweek.com/regions/north_america/US-retail-gasoline-prices-up-for-third-consecutive-week_67846.html
February 17, 2015
The United Steelworkers (USW; Pittsburgh) union says that it will meet with Royal Dutch Shell again tomorrow regarding a new three-year labor contract agreement. USW is still seeking...
http://www.chemweek.com/regions/north_america/Strike-continues-as-USW-Shell-to-meet-on-18-February_67845.html
February 17, 2015
Matheson (Basking Ridge, NJ), a subsidiary of industrial gases company Taiyo Nippon Sanso (Tokyo), says that its newly constructed air separation unit (ASU) at Mesa, AZ, is now fully...
http://www.chemweek.com/regions/north_america/us/Matheson-starts-up-ASU-in-Arizona_67806.html
February 17, 2015
Blank-check firm Platform Specialty Products (Miami) today closed the acquisition of agchems company Arysta LifeScience (Dublin) from private equity firm Permira (London) for $3.51...
http://www.chemweek.com/regions/north_america/Platform-closes-Arysta-LifeScience-acquisition_67837.html
February 17, 2015
Rentech Nitrogen Partners’ board says it has retained Morgan Stanley (New York), an investment bank, in an effort to consider “strategic alternatives” for the...
http://www.chemweek.com/regions/north_america/Rentech-Nitrogen-retains-bank-to-explore-strategic-alternatives_67835.html
February 17, 2015
DuPont today sent a letter to investors criticizing activist hedge fund Trian Fund Management (New York) and reiterating its argument in favor of management’s strategy. The...
http://www.chemweek.com/regions/north_america/DuPont-slams-Trian-in-investor-letter_67834.html
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