IHS Chemical Week

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April 27, 2015
Syngenta announced today that it has received US EPA approval for its breakthrough corn herbicide, Acuron. The first sales of the product to US growers will take place this year. In...
http://www.chemweek.com/regions/north_america/us/Syngenta-receives-EPA-approval-for-Acuron-corn-herbicide_69865.html
April 27, 2015
Fertilizer major EuroChem (Zug, Switzerland) today announced the selection of a site at St. John the Baptist Parish for its contemplated Louisiana natural gas-based fertilizer plant...
http://www.chemweek.com/regions/north_america/us/EuroChem-selects-site-in-Louisiana-for-ammonia-urea-manufacturing-complex_69861.html
April 27, 2015
Compass Minerals reports net earnings of $60.6 million for its fiscal first quarter, up 20.7% year-on-year (YOY), on sales down 6.8% YOY, to $393.0 million. “Our salt segment...
http://www.chemweek.com/regions/north_america/us/Compass-Minerals-earnings-jump-21-percent_69859.html
April 27, 2015
Shell Chemicals has completed the front-end engineering design (FEED) study on its previously announced ethane cracker at Monaca, PA, and is expected to make a final investment...
http://www.chemweek.com/regions/north_america/us/Shell-completes-FEED-on-US-cracker-encouraged-by-progress-in-Iraq_69834.html
April 27, 2015
The Institute for Shareholder Services (ISS; Rockville, MD), a proxy advisory firm, is recommending that two Trian nominees, including Trian founder and CEO Nelson Peltz, be elected to...
http://www.chemweek.com/regions/north_america/us/ISS-backs-two-Trian-seats-on-DuPont-board-update_69842.html
April 27, 2015
LSB Industries (Oklahoma City) says it has added five independent directors as part of an agreement with activist investor Starboard Value. LSB will also pursue several other moves as part of the agreement, including separating its chemicals and climate control businesses and possibly restructuring the chemicals business as a master limited partnership. LSB has appointed a new lead independent director and independent board committee to oversee the search for a president of the chemicals business....
http://www.chemweek.com/regions/north_america/us/LSB-satisfies-Starboard-by-adding-directors-pursuing-chemicals-MLP_69841.html
April 27, 2015
Williams Partners says a failed transformer has prevented its expanded Geismar, LA, olefins plant from running at the new full capacity, 1.95 billion lbs/year, but the issue will be corrected in June. The company expects the plant to run at its preexpansion capacity of 1.35 billion lbs/year through May....
http://www.chemweek.com/regions/north_america/us/Williams-Geismar-ethylene-running-well-to-reach-full-production-in-June_69838.html
April 27, 2015
The Biotechnology Industry Organization (BIO; Washington) says that it welcomes the European Commission’s recent decision to approve several genetically modified organisms (GMOs)...
http://www.chemweek.com/regions/north_america/us/BIO-welcomes-European-approval-of-GMOs-but-criticizes-proposal-to-give-European-states-a-greater-say_69832.html
April 27, 2015
LyondellBasell reports first-quarter net income of $1.164 billion, up 23% year-over-year (YOY) from $944 million as increased volumes and margins offset price declines. Sales totaled $8.185 billion, down 26% from $11.135 billion. Earnings of $2.41/share beat the consensus estimate of $2.12/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/us/LyondellBasell-beats-estimates-with-increase-in-net-income_69810.html
April 27, 2015
The US International Trade Commission (USITC) on 23 April has instructed the US Department of Commerce to continue an investigation into imports of polyethylene terephthalate (PET) resin from Canada, China, India, and Oman. DAK Americas, M&G Chemicals, and Nan Ya Plastics requested the investigation on 10 March, charging that dumped imports of PET resin have damaged their business....
http://www.chemweek.com/regions/north_america/us/USITC-votes-to-continue-PET-dumping-investigation_69820.html
April 24, 2015
Minerals Technologies (MTI) today reported net income that more than doubled year-on-year (YOY), to $35.1 million, or $1.01/share, on sales up 85%, to $453.3 million. The large...
http://www.chemweek.com/regions/north_america/us/Minerals-Technologies-earnings-double_69809.html
April 24, 2015
Toyo Engineering (Narashino, Japan) today confirmed that it has been awarded a contract by Shin-Etsu Chemical’s Shintech subsidiary in the United States to construct the...
http://www.chemweek.com/regions/north_america/us/CB-and-I-Toyo-Engineering-confirm-contracts-for-Shin-Etsus-ethane-cracker-project-in-US_69793.html
April 24, 2015
Benzene spot prices have hit the $3.00/gallon mark in the United States for the first time in 2015, following a jump in NYMEX WTI crude futures. The jump also comes alongside stronger...
http://www.chemweek.com/regions/north_america/us/Benzene-hits-$3-00gal-in-US-on-stronger-demand-rising-crude_69718.html
April 24, 2015
LyondellBasell Industries could soon idle its metathesis unit at Channelview, TX, amid declining propylene prices, according to IHS Chemical analysts. The metathesis process consumes...
http://www.chemweek.com/regions/north_america/us/LyondellBasell-may-idle-metathesis-unit-as-propylene-prices-decline_69717.html
April 23, 2015
Dow Chemical reports income for the first quarter of $1.52 billion, up 42% year-over-year (YOY) from $1.07 billion on strong margin and volume gains, particularly in the performance plastics, and performance materials and chemicals, and consumer solutions segments. Sales fell 14% YOY to $12.37 billion lower prices and currency effects. Earnings of 84 cts/share beat the consensus estimate of 76 cts/share compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/us/Dow-sails-by-estimates-on-margin-and-volume-gains-despite-14-percent-sales-drop_69713.html
April 23, 2015
During the week ended 18 April, chemical railcar traffic in North America increased 3.9% year-over-year (YOY) on continued gains in the United States and Canada. Chemical rail traffic in Mexico remains down YOY....
http://www.chemweek.com/regions/north_america/us/North-America-weekly-chemical-rail-traffic-up-3-9-percent-YOY_69716.html
April 23, 2015
Chemours, DuPont’s soon-to-be-independent performance chemicals division, today announced it will issue about $2.5 billion in senior unsecured bonds. Some $2.125 billion of the...
http://www.chemweek.com/regions/north_america/us/Chemours-to-issue-about-$2-5-billion-in-bonds_69715.html
April 23, 2015
Shin-Etsu has made a final decision to build a $1.4-billion ethane cracker at its Plaquemine, LA complex, the company’s first US ethylene investment. Shin-Etsu, the largest...
http://www.chemweek.com/regions/north_america/us/Shin-Etsu-to-proceed-with-plans-for-US-cracker_69700.html
April 23, 2015
Lubrizol says that it will invest about $100 million over the next five years at the company’s Painesville, OH facility to increase production capacity and improve site...
http://www.chemweek.com/regions/north_america/us/Lubrizol-to-invest-$100-million-to-expand-Painesville-facility_69709.html
April 22, 2015
Trian CEO Nelson Peltz told investors yesterday that former LyondellBasell CEO James Gallogly asked to be CEO-designee at DuPont as a condition of joining Trian’s proposed slate of directors at DuPont. Trian is waging a proxy battle to seat four directors at DuPont’s annual meeting in Wilmington, DE on 13 May....
http://www.chemweek.com/regions/north_america/us/Trian-says-Gallogly-pushed-for-CEO-role-at-DuPont_69682.html
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