IHS Chemical Week

Archives :: Regions :: North America :: Canada

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February 10, 2016
Chemical railcar traffic in North America continues to hold up, despite steep year-over-year (YOY) declines in overall railcar traffic. During the week ended 6 February, chemical railcar traffic totaled 42,563 carloads, according to data released on 10 February by the Association of American Railroads (AAR). Although the figure represented a decline of 4.6% from the previous week and 2.8% YOY, the volume year-to-date declined only 0.6%, versus a 14.0% decrease in all railcar traffic....
February 10, 2016
BioAmber (Montreal) announced today that Mitsui & Co is investing C$25 million ($17.9 million) to increase its stake in their Sarnia, ON production facility from 30% to 40%. Sarnia...
February 9, 2016
Agrium reports its second highest fourth-quarter net income ended 31 December 2015 at $200 million, up nearly 75% year-on-year (YOY), while sales was down 11%, to $2.4 million YOY...
February 9, 2016
BASF has signed an exclusive distribution agreement with Nexeo Solutions (The Woodland, TX), a privately owned chemical distributor, for the distribution of certain specialty...
February 9, 2016
Fluor has announced that the Cutbank Ridge Partnership, a tie-up between Mitsubishi Corp., and Encana Corp. involved in the long-term development of natural gas resources in Northeast...
February 4, 2016
The Trans-Pacific Partnership (TPP), a major free trade agreement between 12 nations based in and around the Pacific Ocean, has been signed by government ministers in Auckland. The...
February 4, 2016
BASF has appointed Marcelo Lu as president BASF Canada effective 1 February 2016. He succeeds Carles Navarro, who now heads BASF in Spain and Portugal. Lu will lead BASF Canada’s...
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 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...
January 28, 2016
PotashCorp reports fiscal fourth-quarter net income down nearly 50% year-on-year (YOY), to $201 million, mostly due to weaker fertilizer prices in late 2015 and lower sales volumes...
January 28, 2016
Methanex (Vancouver) reports net income for the fourth quarter of $11 million, down 92% year-over-year (YOY) from $140 million. Revenue fell 34% YOY to $484 million on a steep decline in methanol prices, the result of falling crude oil values and new production capacity. Adjusted earnings of 16 cts/share, down from 85 cts/share in the year-ago period and just shy of the average analyst estimate of 17 cts/share, as compiled by Thomson Reuters (New York)....
January 27, 2016
During the week ended 23 January, chemical railcar traffic in North America fell 4.4% year-on-year (YOY), to 41,090 carloads, the result of declines across the region, according to data  the Association of American Railroads released on 27 January....
January 21, 2016
Lower selling prices cut deeply into Canadian sales of industrial chemicals in 2015, according to a survey conducted by the Chemistry Industry Association of Canada. However, production volumes held steady, exports reached an all-time high, and although profitability declined, it remained close to the record level of 2014. Survey respondents expect similar results in 2016....
January 21, 2016
AltaGas (Calgary) has signed a sublease and related agreements with Ridley Terminals, laying the groundwork for its proposed 1.2 million m.t./year (41,000 bbl/day) Ridley Island Propane Export Terminal near Prince Rupert, British Columbia. The company estimates the cost of the project at C$400-500 million....
January 20, 2016
During the week ended 16 January, chemical railcar traffic in North America decreased 0.8% year-over-year (YOY) as a decline in Canada offset gains in the United States and Mexico. Chemical railcar traffic during the week totaled 43,730 carloads, down 2.1% from the previous week, according to data released on 20 January by the Association of American Railroads (AAR)....
January 19, 2016
Mosaic has announced several changes to its senior leadership team. Walter Precourt III, the current senior v.p./potash operations, will replace Gary Davis as senior v.p./phosphates...
January 19, 2016
Suncor Energy (Calgary, AB) will acquire all the shares of Canadian Oil Sands (COS; Calgary). The companies agreed on a deal after Suncor upped its takeover offer to C$4.24 billion...
January 19, 2016
PotashCorp says that, against a challenging macroeconomic backdrop, it is indefinitely suspending operations at its Picadilly, NB, potash mining site. The decision, which will affect...
January 15, 2016
Potash Corporation of Saskatchewan (PotashCorp; Saskatoon, SK) announced Friday the retirement of executive v.p. and COO David Delaney, effective 31 January. Delaney, who joined...
January 13, 2016

During the week ended 9 January, chemical railcar traffic in North America increased 4.8% year-over-year (YOY) on gains in the US and Canada. Loadings during the week totaled 44,669 carloads, up 3.2% from the previous week, according to data released on 13 January by the Association of American Railroads (AAR).


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