IHS Chemical Week

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October 9, 2015
WestRock Company (Norcross, GA) has filed with the US Securities and Exchange Commission (SEC; Washington) for the tax-free spin-off of Ingevity, formerly MeadWestvaco’s...
October 9, 2015
The United States has overtaken the Netherlands to become the German chemical industry's most important export destination, according to figures released by German chemical industry...
October 9, 2015
Hovensa (Christiansted, VI) says a US bankruptcy court has approved the company’s choice of Limetree Bay Holdings as a “stalking horse bidder” in the Chapter-11 sale of Hovensa’s assets in the US Virgin Islands, which consist of an oil storage terminal and an idled 500,000-bbl/day refinery....
October 9, 2015
Deinove (Montpellier, France), a biotech company developing processes for producing biofuels and biobased chemicals by using Deinococcus bacteria as host strains, says that Dennis...
October 8, 2015
US imports and exports of benzene were down in August, based on data provided by Global Trade Information Services (GTIS) this week....
October 8, 2015
LyondellBasell's Equistar Chemicals unit has declared force majeure on all polypropylene (PP) products, effective 7 October. The notice comes after the company's Bayport, TX, production facility suffered a power outage on 5 October....
October 8, 2015
Jacobs Engineering says it will adopt a new leadership structure organized around four worldwide lines of business during its fiscal 2016 first quarter, which began 27 September. Gary Mandel, currently executive v.p./operations, will become president/petrochemicals and chemicals....
October 8, 2015
BASF says it will close its sterols production site at Pasadena, TX by the end of this year. Meanwhile, to serve global demand, BASF will increase the sterol extraction capacity at its...
October 8, 2015
Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, today announced that it has completed wave 2 of the transfer of its...
October 7, 2015
Faced with slumping agricultural markets, seed giant Monsanto has announced a restructuring program that includes 2,600 layoffs—approximately 12% of its global workforce—in a quarterly earnings report that includes a wider year-on-year loss and a disappointing forecast for 2016....
October 7, 2015
NextEra Energy Partners (Juno Beach, FL) has completed the previously announced acquisition of NET Midstream (Houston), a privately held developer, owner, and operator of a portfolio...
October 7, 2015
EPA’s plans to strengthen the National Ambient Air Quality Standards (Naaqs) for ground-level ozone to 70 parts per billion, from 75 ppb, has met with industry opposition. ACC...
October 7, 2015

During the week ended 3 October, chemical railcar traffic in North America decreased 1.7% year-over-year (YOY) on declines in the United States and Mexico. For all of North America, chemical railcar traffic during the week totaled 42,849 carloads, up 2.8% from the previous week, according to data released on 07 October by the Association of American Railroads (AAR).


October 7, 2015
Trinseo (Berwyn, PA) has made several leadership changes “to add depth to the executive team” and support governance and succession planning,” says the company. The moves include the creation of a new COO position, which has been filled by Martin Pugh....
October 7, 2015
Platform Specialty Products (West Palm Beach, FL), a blank-check firm that has made several large chemicals acquisitions, says it will use a term-loan commitment help pay for its...
October 6, 2015
Invista says it is restructuring its Orange, TX, site to improve its competitiveness. The company’s plans include shutting down the site’s 215,000-m.t./year adipic acid plant and laying off 75 of the site’s 600 workers....
October 6, 2015
Superior Plus (Toronto) has announced plans to acquire sodium chlorate and chlor-alkali maker Canexus (Calgary, AB) in a deal valued at C$932 million ($714 million) including debt...
October 6, 2015
Buckeye Partners has challenged the terms and procedures under which Hovensa has proposed to sell its idled 500,000-bbl/day refinery in the US Virgin Islands, according to local news reports. Hovensa, a 50-50 joint venture of Hess (New York) and Petróleos de Venezuela SA (PDVSA; Caracas), filed for bankruptcy protection last month, with plans to auction off its assets....
October 6, 2015
Olin (Clayton, MO) says its board of directors has elected four officers since the merger with Dow’s chlorine businesses, which was completed on 5 October. Each of the officers held executive positions within the merged Dow assets....
October 7, 2015
The advent of shale gas and oil in North America has had a hugely positive impact on the world economy, in terms of energy supply and costs, says Daniel Yergin, vice chairman of IHS...
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