IHS Chemical Week

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January 6, 2016
US aromatics continued to see downward pressure from falling energy prices as near-month crude futures on Wednesday fell to an 11-year low. The decline was mostly due to continued...
January 6, 2016
Flooding along the Mississippi River has begun to delay petrochemical traffic as the surge nears Mississippi and Louisiana....
January 6, 2016
 Velocys, a gas-to-liquids (GTL) that turns natural gas or biomass into premium products such as diesel, jet fuel, waxes and base oils, has appointed David Pummell as CEO...
January 6, 2016
Ferro announced on 5 January that it has acquired privately held Ferer Dis Ticaret Ve Kimyasallar Anonim Sirketi (Istanbul) for about $9.0 million in cash, on a cash-free and debt-free...
January 6, 2016
During the week ended 2 January, chemical railcar traffic in North America totaled 40,999 carloads, up 13.2% from the previous week, but down 0.5% year-over-year (YOY) on declines in Canada....
January 6, 2016
BP has agreed to sell its aromatics complex in Decatur, AL, to Indorama Ventures (Bangkok). Financial details of the transaction have not been disclosed. The complex can produce 1...
January 6, 2016
Ecolab says it has deconsolidated its Venezuelan operations for accounting purposes, starting in the fourth quarter of 2015. The action will be reflected on Ecolab’s 2015 balance...
January 6, 2016
Monsanto and Novozymes say they are planning to launch a jointly developed corn inoculant in 2017 after US field trials showed the seed coating increased yields by an average of 4...
January 6, 2016
Platform Specialty Products (West Palm Beach, FL) has named Diego Lopez Casanello president of its agricultural solutions business, effective 1 February. Casanello joins Platform from...
January 5, 2016
Brian Redmond Altivia’s aromatics business subsidiary has hired Brian Redmond as president. He will be responsible for operations, marketing, finance, and administration at the...
January 5, 2016
Vencorex’s site in Freeport, TX, has completed expaning its waterborne range of products, offering its customers the company’s complete range of derivatives. The expansion...
January 5, 2016
Hexcel (Stamford, CT) announced Tuesday that it now fully owns composites reinforcements maker Formax UK (Leicester, UK). Hexcel purchased a 50% interest in Formax in December...
January 5, 2016
IHS Chemical estimates that at least 170,000 m.t. of benzene were shipped from South Korea to the United States during December 2015, including 20,000–30,000 m.t. of delayed...
January 5, 2016
Nippon Shokubai on Tuesday announced that it changed the name of its wholly owned Houston-based subsidiary, NA Industries, to Nippon Shokubai America Industries Inc. (NAII) on 1...
January 4, 2016
Albemarle (Baton Rouge, LA) announced Monday that it has completed the previously announced sale of its Tribotecc metal sulfides business to Treibacher Industrie (Althofen, Austria)...
January 4, 2016
Private equity firm American Securities’ (New York) Royal Adhesives & Sealants has acquired Adhesive Systems (Frankfort, IL), an engineered adhesives maker, for an...
January 4, 2016
Praxair announced Monday the merger of its two packaged gas joint ventures, Praxair Distribution Southeast (PDSE) and nexAir (Memphis, TN). nexAir is expected to grow to $200...
January 4, 2016
Torrential rains in the Midwestern United States last week have lifted the Mississippi River to levels not seen in over 20 years. Flooding in the Lower Mississippi Valley is expected to continue into mid-to-late January, potentially affecting regional refineries and terminals...
January 4, 2016
PolyOne Corporation has promoted Joel Rathbun to senior v.p./M&A, after having served as v.p. of the same division when he joined the company in 2011. Most recently, Rathburn spent...
January 4, 2016
The US January benzene contract was confirmed on Monday to have settled at $2.12 per gallon, effective 1 January, a decline of 18 cts/gal from December and the first monthly decline in three months....
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