IHS Chemical Week

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August 7, 2014
Koppers Holdings (Pittsburgh, PA) says lower volumes and prices reduced both sales and income for the second quarter. Net income totaled $1.6 million, down 89% year-over-year (YOY) from $14.7 million, while sales totaled $356.8 million, a 4% YOY decline. Adjusted earnings totaled $8.1 million, or 39 cts/share, down 44% YOY and short of the analysts’ consensus estimate of 61 cts/share....
http://www.chemweek.com/regions/north_america/us/Koppers-income-drops-89-percent-YOY-on-volume-prices_63053.html
August 7, 2014
Tronox has reported its second quarter results, posting a narrower adjusted net loss of less than $100,000, compared to an adjusted net loss of $15 million year-over-year (YOY)...
http://www.chemweek.com/regions/north_america/us/Tronox-posts-narrower-loss_63052.html
August 7, 2014
Kraton Performance Polymers today announced that on 6 August, its board of directors withdrew its prior recommendation that Kraton's stockholders approve the merger with the styrenic...
http://www.chemweek.com/regions/north_america/us/Kraton-decides-against-merger-with-LCY-Chemicals-SBC-business_63051.html
August 7, 2014
Borealis announced today that it has signed a 10-year agreement with Antero Resources (Denver, CO) to supply ethane from the United States for its flexible steam cracker at...
http://www.chemweek.com/regions/north_america/us/Borealis-to-import-ethane-from-the-US-to-feed-ethylene-plant-in-Sweden_63046.html
August 7, 2014
Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, reports a net loss of $8.47 million in the second quarter of 2014 compared...
http://www.chemweek.com/regions/north_america/us/Codexis-narrows-loss_63040.html
August 6, 2014
Trinseo (Berwyn, PA) reports a second-quarter net loss of $45 million, down from a loss of $28 million in the year-ago period. Revenues declined 2% year-over-year (YOY) to $1.3 billion. Adjusted earnings of 28 cts/share were shy of the analysts’ consensus estimate of 31 cts/share, as compiled by Thomson Reuters....
http://www.chemweek.com/regions/north_america/us/Trinseo-reports-second-quarter-loss-of-$45-million_63038.html
August 6, 2014
OCI Resources (OCIR; Atlanta, GA) says second-quarter income and sales increased year-over-year (YOY) as higher prices and lower costs offset the effects of a production outage. Earnings of 51 cts/share were well ahead of the analysts’ consensus estimate of 45 cts/share, as compiled by Thomson Reuters....
http://www.chemweek.com/regions/north_america/us/OCI-Resources-beats-estimates-boosts-income-27-percent-YOY_63036.html
August 6, 2014
Rockwood Holdings today reported second-quarter net income from continuing operations up 32.7% year-on-year (YOY), to $34.1 million, or 47 cts/share, on sales up 4.1%, to $362.3...
http://www.chemweek.com/regions/north_america/us/Rockwood-beats-estimates_63025.html
August 6, 2014
Biofuels Power Corp. (BPC; Houston) has signed a letter of intent with ThyssenKrupp Industrial Solutions Africa (Sunninghill, South Africa) and US-based Liberty GTL to build a...
http://www.chemweek.com/regions/north_america/us/Biofuels-Power-Corp-ThyssenKrupp-to-build-GTL-pilot-plant-in-Texas_63023.html
August 6, 2014
Platform Specialty Products (Miami), formed by the acquisition of specialty chemical maker MacDermid, has agreed to acquire crop protection chemicals maker Agriphar (Ougree, Belgium)...
http://www.chemweek.com/regions/north_america/us/Platform-Specialty-acquires-European-crop-protection-chemicals-maker-Agriphar-for-$400-million_63021.html
August 6, 2014
Platform Specialty Products (Miami), formed by the acquisition of MacDermid, posted a narrower net loss of $400,000 in the second quarter compared with a loss of $5.9 million in the...
http://www.chemweek.com/regions/north_america/us/Platform-Specialty-Products-reports-income-gain-flat-sales_63020.html
August 6, 2014
A Koch Industries nitrogen subsidiary will begin work on a $1.3-billion expansion of its nitrogen fertilizer plant at Enid, OK, in mid-September, the company has announced. The company...
http://www.chemweek.com/regions/north_america/us/Koch-to-start-expansion-work-at-Oklahoma-nitrogen-fertilizer-plant-in-mid-September_63018.html
August 6, 2014

HallStar (Chicago) has acquired the Florasolvs natural esters product line of specialty ingredients from FloraTech (Chandler, AZ), a maker of botanically derived ingredients.

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http://www.chemweek.com/regions/north_america/us/HallStar-acquires-natural-esters-personal-care-line_63017.html
August 6, 2014
Idemitsu said on Tuesday that AltaGas Idemitsu Joint Venture (AIJVLP)—a 50-50 joint venture between Idemitsu Kosan and AltaGas—and Petrogas Energy, owned two thirds by...
http://www.chemweek.com/regions/north_america/us/Idemitsu-begins-LPG-exports-from-US-terminal-for-petrochemical-feedstock_63009.html
August 6, 2014
Axiall (Atlanta) says that weakness in chlor-alkali and an unplanned outage in vinyl chloride monomer (VCM) pushed second-quarter net income down 62% year-over-year (YOY), to $27.2 million, and that sales fell 3% YOY, to $1.237 billion. Adjusted earnings of 48 cts/share fell just short of analysts’ consensus estimate of 50 cts/share, as compiled by Thomson Reuters....
http://www.chemweek.com/regions/north_america/us/Axiall-reports-second-quarter-income-down-62-percent_63003.html
August 5, 2014
EPA has granted greenhouse gas prevention of significant deterioration (GHG-PSD) permits to Formosa Plastics Corp. (FPC) for the construction of a 1.6-million m.t./year ethane cracker, a 660,000-m.t./year propane dehydrogenation (PDH) unit, and a 570,000-m.t./year low-density polyethylene plant at its Point Comfort, TX, site....
http://www.chemweek.com/regions/north_america/us/EPA-grants-permits-to-Formosas-ethylene-propylene-and-polyethylene-projects_63002.html
August 5, 2014
Ashland has agreed to an accelerated share buyback worth $750 million, in which the company will repurchase common stock from Deutsche Bank and JP Morgan. The agreement extends through...
http://www.chemweek.com/regions/north_america/us/Ashland-agrees-to-$750-million-accelerated-share-buyback_63000.html
August 5, 2014
Linde says it has been awarded a $4.3-million grant by the California Energy Commission (CEC) to construct retail hydrogen fueling stations in Northern California. The stations will be...
http://www.chemweek.com/regions/north_america/us/Linde-receives-grant-to-build-more-hydrogen-refueling-stations-in-California_62989.html
August 5, 2014
International Flavors and Fragrances (IFF; New York) today reported second-quarter net income of $110.2 million, up 8% year-over-year (YOY). Reported earningsof $1.35/share in line...
http://www.chemweek.com/regions/north_america/us/IFF-sales-and-earnings-up_62988.html
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