IHS Chemical Week

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July 24, 2015
ACC reports that US specialty chemical market volumes decreased 0.3% sequentially in June following a sequential fall of 0.4% in May. Volumes are up only 0.1% year-on-year (YOY) on a...
http://www.chemweek.com/regions/north_america/us/ACC-US-specialty-chemicals-market-softens-in-June_72421.html
July 24, 2015
Celanese has named Chris Jenson, currently interim CFO, to its permanent CFO position. Jensen has served as Celanese’s interim CFO since May 2014. He joined Celanese in 2005 and...
http://www.chemweek.com/regions/north_america/us/Celanese-interim-CFO-named-to-permanent-position_72420.html
July 24, 2015
Sensient Technologies (Milwaukee) has reported lower sales and operating income in the second quarter of this year compared with the corresponding period a year ago. Revenue in...
http://www.chemweek.com/regions/north_america/us/Sensient-reports-leap-in-adjusted-income-on-lower-sales-in-second-quarter_72415.html
July 24, 2015
International Flavors & Fragrances (IFF) has announced that Lucas Meyer Cosmetics (Quebec City), a business of Unipex Group (Paris), has accepted IFF’s previously announced...
http://www.chemweek.com/regions/north_america/us/IFF-and-Lucas-Meyer-Cosmetics-agree-to-acquisition-terms_72414.html
July 24, 2015
Lithuanian firm Investimus Foris plans to invest $265 million to convert an idle biofuels refinery in Grant Parish, LA, into ammonia manufacturing facility, company chairman Arunas...
http://www.chemweek.com/regions/north_america/us/Lithuanian-firm-to-convert-Louisiana-biofuels-plant-to-ammonia-production_72409.html
July 23, 2015
Molycorp today said it has received court approval for $130 million in debtor-in-possession (DIP) financing from Oaktree Capital Management (New York). The approval represents a larger...
http://www.chemweek.com/regions/north_america/us/Molycorp-receives-larger-DIP-financing-approval_72398.html
July 23, 2015
Dow Chemical, buoyed by continued margin expansion in its plastics business and cost-cutting measures, grew earnings and topped profit forecasts despite a double-digit decline in...
http://www.chemweek.com/regions/north_america/us/Dow-beats-estimates-continues-to-expand-margins_72396.html
July 23, 2015
3M today reported second-quarter net income that was up 2.6% year-on-year (YOY), at $1.30 billion, on sales down 5.5%, to $7.69 billion. Earnings totaled $2.02/share, slightly ahead of...
http://www.chemweek.com/regions/north_america/us/3M-earnings-rise-despite-sales-decline-industrial-segment-down_72397.html
July 23, 2015
CB&I on Thursday announced the award of a contract valued in excess of $100 million from a major energy company for a Tier 3 clean fuels project. The scope of work at the refinery...
http://www.chemweek.com/regions/north_america/us/CB-and-I-awarded-refinery-contract-in-Louisiana_72391.html
July 22, 2015
Crude inventory in the United States firmed during the week that ended on 17 July, while gasoline inventory dropped, according to data released on Wednesday by the Energy Information Administration (EIA)....
http://www.chemweek.com/regions/north_america/us/US-crude-stocks-firm-while-gasoline-stocks-decline-mid-July_72380.html
July 22, 2015
During the week ended 18 July, chemical railcar traffic in North America increased 1.1% year-on-year (YOY) despite a sequential decline in volume. For all of North America, chemical railcar traffic during the week totaled 41,749 carloads, down 2.8% from the previous week, according to data released on 22 July by the Association of American Railroads....
http://www.chemweek.com/regions/north_america/us/North-America-chemical-rail-traffic-edges-up_72369.html
July 22, 2015
Stepan Wednesday reported second quarter net income down 31% year-on-year (YOY), to $16.9 million, or $1.67/share, on net sales down 10%, to $452.4 million. Adjusted net income totaled...
http://www.chemweek.com/regions/north_america/us/Stepan-falls-short-of-estimates-on-currency-impacts_72367.html
July 22, 2015
Celanese says Kathryn Hill has been elected to its board, effective 21 July. Hill is a former executive advisor and senior v.p./development strategy and operations for Cisco Systems...
http://www.chemweek.com/regions/north_america/us/Former-Cisco-exec-joins-Celanese-board_72364.html
July 22, 2015
Propylene stock movements were mixed in the United States during the week ended 17 July, according to data released today by the Energy Information Administration. Propane/propylene...
http://www.chemweek.com/regions/north_america/us/Propylene-stock-movements-mixed-in-US_72370.html
July 22, 2015
Evonik Industries has inaugurated a business and innovation center in the area of Richmond, VA. The center will combine R&D, marketing, sales, customer service, and various support...
http://www.chemweek.com/regions/north_america/us/Evonik-opens-$15-4-million-business-and-innovation-center-in-Virginia_72351.html
July 22, 2015
The US Coast Guard said late Monday that it was still monitoring air quality and assessing damage and possible impact to the environment after barges collided at mile marker 349 on the...
http://www.chemweek.com/regions/north_america/us/US-Coast-Guard-still-assessing-impact-of-collision-in-Houston-Ship-Channel_72339.html
July 22, 2015
Sasol confirmed that it began planned maintenance over the weekend at its Lake Charles, LA steam cracker. The maintenance is expected to last for 12 days, and has not had any...
http://www.chemweek.com/regions/north_america/us/Sasol-confirms-12-day-planned-maintenance-at-Lake-Charles_72347.html
July 21, 2015
ACC’s Chemical Production Regional Index (CPRI) for the United States, a barometer of industry activity, rose 0.5% sequentially in June, following a 0.1% decline in May and a...
http://www.chemweek.com/regions/north_america/us/ACCs-CPRI-expands-in-June_72338.html
July 20, 2015
Ciner Group (Istanbul) is bulking up its soda ash business with the acquisition of OCI Resources, a master limited partnership that owns a 51% controlling interest in OCI Wyoming. OCI Enterprises (Atlanta), a North American subsidiary of OCI Co. (Seoul), has agreed to sell its 75% stake in OCI Resources to Park Holding, a subsidiary of Ciner Group. Financial terms have not been not disclosed....
http://www.chemweek.com/regions/north_america/us/Turkeys-Ciner-Group-to-acquire-75-percent-stake-in-OCI-Resources_72314.html
July 20, 2015
Celanese continues to develop plans for a second joint venture methanol project with Mitsui & Co., says chairman and CEO Mark Rohr. Celanese already has permits to build at Bishop, TX, but other locations are being considered, and the company is recruiting additional partners, he says....
http://www.chemweek.com/regions/north_america/us/Celanese-considers-alternative-locations-additional-partners-for-second-methanol-project-with-Mitsui_72313.html
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