IHS Chemical Week

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November 4, 2014
Chevron Phillips Chemical (CPChem; The Woodlands, TX) is studying a 10,000-m.t./year expansion of low-viscosity polyalphaolefins (PAO) capacity at its Cedar Bayou plant at Baytown, TX, from 48,000 m.t./year. CPChem says it will seek final project approval in the second quarter of 2015, with project completion targeted for 2016....
http://www.chemweek.com/regions/north_america/us/CPChem-plans-expansion-of-PAO-capacity-at-Cedar-Bayou_65104.html
November 4, 2014
Income benefited primarily from improved olefins and vinyls integrated product margins, the result of higher sales prices for most major products and lower overall feedstock costs. However, unplanned outages at Westlake’s Calvert City and Geismar complexes cut into sales and lowered operating rates, and the acquisition of Vinnolit and the formation of Westlake Partners increased costs....
http://www.chemweek.com/regions/north_america/us/Westlake-income-down-1-percent-beats-analyst-estimate_65101.html
November 4, 2014
IFF today reported third-quarter net earnings up 8% year-on-year (YOY), to $107.4 million, on sales up 4%, to $773.8 million. Earnings totaled $1.32/share, matching analysts’...
http://www.chemweek.com/regions/north_america/us/IFF-earnings-rise-on-solid-fragrances-results_65107.html
November 4, 2014
CB&I said today that it has been awarded a contract renewal valued at more than $48 million by an undisclosed leading manufacturer of synthetic rubber for long-term maintenance...
http://www.chemweek.com/regions/north_america/us/CB-and-I-renews-maintenance-contract-with-synthetic-rubber-producer_65098.html
November 4, 2014
CRACKING US ETHANE: Grangemouth with Dragon shale gas carrier Ineos Olefins & Polymers Europe said today that it has reached an agreement with Evergas to order an additional two...
http://www.chemweek.com/regions/north_america/us/Ineos-orders-two-more-vessels-to-ship-US-ethane-to-its-European-crackers_65089.html
November 3, 2014
Chemtura has closed the sale of its agricultural chemical business to Platform Specialty Products for $1 billion. The deal, announced in April, leaves Chemtura focused on its...
http://www.chemweek.com/regions/north_america/us/Chemtura-closes-agchems-divestiture_65075.html
November 3, 2014
Praxair says it will further expand liquid and gaseous nitrogen supply and storage at the company’s Kirtland, NM industrial gases facilities over the next two years. The...
http://www.chemweek.com/regions/north_america/us/Praxair-plans-New-Mexico-nitrogen-expansion_65073.html
November 3, 2014
Executives at Boardwalk Pipeline Partners (Houston), the new operator of the Evangeline ethylene pipeline—expected to be offstream through this month and possibly into...
http://www.chemweek.com/regions/north_america/us/Boardwalk-Pipeline-Revenue-impact-of-Evangeline-ethylene-pipe-leak-not-material_65059.html
November 3, 2014
Cabot says it has opened a new lignite coal mine that will supply the company's activated carbon production at Marshall, TX. The mine, which is operated by North American Coal (Dallas)...
http://www.chemweek.com/regions/north_america/us/Cabot-opens-new-mine-for-activated-carbon-production-in-Texas_65070.html
November 3, 2014
Several petrochemical plants and refineries in the United States will complete scheduled turnarounds over the next few weeks, and the additional production will enter an already...
http://www.chemweek.com/regions/north_america/us/US-plant-turnarounds-end-amid-long-supplies-declining-prices_65057.html
November 3, 2014
Quaker Chemical announced today that it has acquired Binol, a leading biolubricants producer primarily serving the Nordic region, for 137 million Swedish kronor ($18.9...
http://www.chemweek.com/regions/north_america/us/Quaker-acquires-Nordic-biolubricants-firm_65056.html
November 3, 2014
Ethylene production in the United States totaled 13.7 billion lbs in the third quarter, up 3% from 13.3 billion lbs in the prior quarter, according to the latest production figures...
http://www.chemweek.com/regions/north_america/us/AFPM-US-production-of-ethylene-fell-YOY-in-third-quarter_65055.html
November 3, 2014
Vertellus Specialties (Indianapolis) has acquired Pentagon Chemicals (Halebank, UK), a maker of fine and specialty chemicals for the life science market, in a deal that closed on...
http://www.chemweek.com/regions/north_america/us/Vertellus-acquires-UKs-Pentagon-Chemicals_65053.html
November 3, 2014
Laboratory Corp. of America Holdings (LabCorp; Burlington, NC) and Covance (Princeton, NJ) today announced that they have entered into a definitive agreement for LabCorp to acquire...
http://www.chemweek.com/regions/north_america/us/LabCorp-to-acquire-contract-research-player-Covance-for-$5-6-billion_65051.html
October 31, 2014
Mexico’s Federal Economic Competition Commission (FECC) has approved PPG’s $2.3-billion acquisition of rival paint-maker Comex, clearing the way for the deal to close in...
http://www.chemweek.com/regions/north_america/us/PPG-gains-Mexican-regulatory-approval-for-Comex-acquisition_65040.html
October 31, 2014
PDVSA (Caracas) and Hess Corp. (New York) have reached a tentative agreement to sell their 355,000- bbl/day Hovensa refinery at Saint Croix, US Virgin Islands, to Atlantic Basin...
http://www.chemweek.com/regions/north_america/us/PDVSA-Hess-agree-to-sell-refinery-petchems-site-in-US-Virgin-Islands_65030.html
October 31, 2014
The US Energy Department’s Office of Energy Efficiency and Renewable Energy, Bioenergy Technologies has awarded a grant of up to $2.5 million to NatureWorks (Blair, NE) in...
http://www.chemweek.com/regions/north_america/us/NatureWorks-awarded-$2-5-million-grant-for-biomethane-to-chemicals-R-and-D-collaboration_65029.html
October 31, 2014
Rentech Nitrogen (Los Angeles) has signed a long-term agreement with Tessenderlo Kerley Inc. (TKI; Phoenix), a Tessenderlo Group (Brussels) subsidiary, to supply TKI with ammonia...
http://www.chemweek.com/regions/north_america/us/Rentech-agrees-to-supply-ammonia-to-Tessenderlo-Kerley-for-new-liquid-fertilizer-plant_65023.html
October 31, 2014
Chemtura is launching a “Dutch auction” share buyback offer, with authorization to purchase up to $300 million in shares of common stock at $21.50-$24.50/share. The buyback...
http://www.chemweek.com/regions/north_america/us/Chemtura-launches-"Dutch-auction"-share-buyback_65031.html
October 31, 2014
US EPA today approved a Texas state program to issue greenhouse gas (GHG) permits, eliminating the need for companies to seek air permits from federal regulatory agencies in Texas. The...
http://www.chemweek.com/regions/north_america/us/EPA-approves-Texas-GHG-permitting-program_65028.html
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