IHS Chemical Week

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October 27, 2015
Private equity firm Arsenal Capital has named former Citadel Plastics CEO Michael Huff as its twelfth operating partner. Huff was CEO of Citadel Plastics for five years until the...
http://www.chemweek.com/regions/north_america/us/Arsenal-names-former-Citadel-Plastics-CEO-as-operating-partner_74709.html
October 27, 2015
DuPont results continue to be battered by currency headwinds, slumping agricultural markets, and weakness in emerging markets and oil and gas. Cost cuts, however, helped the company...
http://www.chemweek.com/regions/north_america/us/DuPont-profits-fall-46-percent-interim-CEO-taking-fresh-look-at-cost-structure-capital-allocation_74693.html
October 27, 2015
NewMarket (Richmond, VA) reports third-quarter net income of $62 million, up 9% year-over-year (YOY), on revenues of $536 million, down 9% YOY. Adjusted earnings of $5.25/share were well ahead of the analysts’ consensus estimate of $4.54/share....
http://www.chemweek.com/regions/north_america/us/NewMarket-income-up-9-percent-YOY-beats-estimates_74708.html
October 27, 2015
PolyOne has reported net income up 36% year-on-year (YOY), to $44.5 million, or 50 cts/share, on sales down 12%, to $841.6 million. Adjusted earnings rose 10% YOY, to 54 cts/share...
http://www.chemweek.com/regions/north_america/us/PolyOne-beats-estimates-despite-lower-sales_74692.html
October 27, 2015
Airgas reports  net income of $98 million for the quarter ended 30 September, down 0.2% year-on-year (YOY), citing challenges in the energy and chemical and manufacturing and...
http://www.chemweek.com/regions/north_america/us/Airgas-beats-estimates-net-income-down_74688.html
October 27, 2015
DuPont's cellulosic ethanol facility at Nevada, IA, is on track to open on 30 October. The facility is expected to produce about 30 million gal/year of cellulosic ethanol using corn...
http://www.chemweek.com/regions/north_america/us/DuPont-to-commission-cellulosic-ethanol-biorefinery-this-week_74685.html
October 27, 2015
Hexion says that George Knight has been appointed as executive v.p. and CFO of the company, effective 1 January 2016. He will succeed William Carter, who will retire at the end of...
http://www.chemweek.com/regions/north_america/us/Hexion-appoints-new-CFO_74675.html
October 27, 2015
Huntsman reports net income of $55 million for the third quarter, down 71% year-over-year (YOY), on revenues of $2.638 billion, down 9% YOY. Adjusted earnings of 47 cts/share, beating the analysts’ consensus estimate of 41 cts/share as compiled by Thomson Reuters (New York). Sales and earnings declined in all segments, mainly on currency effects, but also lower volumes in advanced materials, textile effects, and pigments & additives....
http://www.chemweek.com/regions/north_america/us/Huntsman-reports-income-down-71-percent-beats-estimates_74694.html
October 27, 2015
Green Plains Inc. (Omaha, NE) today announced that it has acquired an idled ethanol production facility at Hopewell, VA  from Future Fuels (Clayton, MS).  Operating at full...
http://www.chemweek.com/regions/north_america/us/Green-Plains-buys-Missouri-ethanol-plant_74665.html
October 27, 2015
Platform Specialty Products (West Palm Beach, FL) says that Daniel Leever, its president, vice chairman, and CEO, will retire as soon as “a suitable successor has been...
http://www.chemweek.com/regions/north_america/us/Platform-Specialty-Products-CEO-to-step-down-update_74649.html
October 26, 2015
Ineos Oligomers has asked the Texas Commission on Environmental Quality (TCEQ) for permission to build a planned 350,000 m.t./year linear alpha-olefins (LAO) plant at parent Ineos’s Chocolate Bayou works in Alvin, TX. Other locations are still under consideration, however....
http://www.chemweek.com/regions/north_america/us/Ineos-seeks-permit-to-build-350000-m-t-year-LAO-plant-at-Chocolate-Bayou-facility_74663.html
October 26, 2015
Air Products says it is spending $350–400 million to build a steam methane reformer (SMR), to produce hydrogen and carbon monoxide at Baytown, TX. The facility will be connected...
http://www.chemweek.com/regions/north_america/us/Air-Products-to-build-hydrogen-facility-in-Texas_74650.html
October 23, 2015
Elevance Renewable Sciences (Woodbridge, IL) says it has named Tony Parnell, formerly v.p./global supply chain at Albemarle, CEO effective today. He replaces founding chief executive...
http://www.chemweek.com/regions/north_america/us/Elevance-appoints-Albemarle-exec-CEO_74645.html
October 23, 2015
LyondellBasell Industries reports third-quarter net income of $1.186 billion, down 6% year-over-year (YOY), on sales of $8.334 billion, down 31% YOY. Adjusted earnings of $2.80/share were well ahead of the mean analysts’ estimate of $2.57, as compiled by Thomson Reuters (New York). Analysts attributed the beat to higher ethylene margins resulting from lower ethylene costs....
http://www.chemweek.com/regions/north_america/us/LyondellBasell-beats-estimates-as-income-drops-6-percent_74632.html
October 23, 2015
Norfolk Southern Corp. (Norfolk, VA) says that its rail-operating subsidiaries will no longer accept shipments of poisonous-inhalation-hazard (PIH) commodities, effective 1 December...
http://www.chemweek.com/regions/north_america/us/Norfolk-Southern-to-halt-shipments-of-hazardous-chemicals-pending-installation-of-safety-technology_74643.html
October 23, 2015
Calgon Carbon today has announced changes to its leadership and reporting structure, effective 1 January 2016. The company will be organized in two reporting segments: advanced...
http://www.chemweek.com/regions/north_america/us/Calgon-Carbon-shuffles-leadership-segments_74642.html
October 23, 2015
Minerals Technologies (MTI) has reported third-quarter net income down 21% year-on-year (YOY), to $29.2 million, on net sales down 17%, to $451.0 million. Results were hit by the...
http://www.chemweek.com/regions/north_america/us/MTI-net-income-falls-on-soft-demand-strong-dollar_74633.html
October 23, 2015
Private equity firm Edgewater Capital (Cleveland) says it is acquiring ChemQuest (Pasadena, TX), a blender and distributor in the oilfield, ag, and industrial chemicals sectors, for an...
http://www.chemweek.com/regions/north_america/us/Edgewater-Capital-to-acquire-Texas-distributor_74631.html
October 23, 2015
Pallas Nitrogen Texas (Dallas) says that it has completed "significant development, permitting, and engineering" on a project to build an ammonia plant at Pasadena, TX...
http://www.chemweek.com/regions/north_america/us/Private-firm-builds-ammonia-plant-at-Air-Products-site-in-Texas-Air-Products-will-supply-hydrogen_74630.html
October 23, 2015
Syngas Energy Holdings (Houston) plans to build a $360-million, 500,000-m.t./year methanol plant in St. James Parish, LA, according to a press release issued by Louisiana Economic Development (LED). Assuming permits are granted, Syngas Energy expects to begin construction in the second quarter of 2016, with start up to come at the end of 2018. The plant would be expanded to 700,000 m.t./year in a later phase....
http://www.chemweek.com/regions/north_america/us/Syngas-Energy-plans-to-build-500000-m-t-year-methanol-plant-in-St-James-Parish-LA_74589.html
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