IHS Chemical Week

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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
August 5, 2014
Westlake (Houston) reports second-quarter net income of $169.4 million, up 35% year-over-year (YOY), on sales of $998.6 million, up 7% YOY. However, earnings of $1.26/share fell short of the analysts’ consensus estimate of $1.45, as reported by Thomson Reuters....
http://www.chemweek.com/regions/north_america/us/Westlake-reports-record-operating-profits-but-misses-estimates_62987.html
August 5, 2014
Bio2Electric (Princeton, NJ), trading as EcoCatalytic Technologies, has received a three-year, $3.8-million award from the Advanced Research Project Agency-Energy (ARPA-E) to develop a...
http://www.chemweek.com/regions/north_america/us/US-start-up-receives-award-to-develop-catalyst-technology-for-olefin-production-from-natural-gas_62999.html
August 5, 2014
Germany’s chemical trade association VCI (Frankfurt) has pointed out that the country’s chemical industry is not calling for mutual recognition of existing standards for...
http://www.chemweek.com/regions/north_america/us/VCI-No-reduction-in-chemical-safety-standards-through-TTIP_62990.html
August 5, 2014
LSB Industries (Oklahoma City) has awarded a $5.3-million contract to Rockwell Automation to supply process automation systems for a 360,000-m.t/year nitric acid plant and a 375,000-m.t./year ammonia plant that LSB is building at its El Dorado, AR, facility. The nitric acid plant, estimated to cost $120 million, will replace a plant lost in an explosion in 2012. LSB has estimated the cost of the ammonia project, which was announced in 2013, at $250-300 million....
http://www.chemweek.com/regions/north_america/us/LSB-Industries-hires-Rockwell-Automation-for-El-Dorado-projects_62975.html
August 5, 2014
EPA has issued a final greenhouse gas prevention of significant deterioration construction permit for the expansion of OCI Partners' (OCI; Nederland, TX) methanol plant near Beaumont, TX. OCI plans to increase the plant’s methanol capacity by 25%, to 912,000 m.t./year and its ammonia capacity by 15%, to 305,000 m.t./year....
http://www.chemweek.com/regions/north_america/us/OCI-Partners-gets-greenhouse-gas-permit-for-expansion-project_62977.html
August 4, 2014
Private equity firm Clayton, Dubilier & Rice (CD&R; New York) has closed its $1.8-billion acquisition of Ashland’s water technologies business on Friday, renaming the...
http://www.chemweek.com/regions/north_america/us/Ashland-water-technologies-sale-complete-company-renamed-Solenis_62964.html
August 4, 2014
Sensient Technologies announced today that Dick Hobbs, senior v.p. and CFO of the company since 2000, will retire in February 2015. Hobbs, who joined Sensient in 1973, will be replaced...
http://www.chemweek.com/regions/north_america/us/Sensient-Technologies-CFO-to-retire_62963.html
August 4, 2014
IGM Resins (Charlotte, NC), an ultraviolet inks and coatings firm, has acquired Insight High Technology (IHT; Beijing), a maker of photoinitiators, pharma intermediates, and fine...
http://www.chemweek.com/regions/north_america/us/Arsenals-IGM-Resins-buys-Chinese-firm_62962.html
August 4, 2014
DuPont has elected Ulf M. “Mark” Schneider, currently president and CEO of Fresenius SE & Co. (Bad Homburg, Germany), to its board of directors, effective 22 October...
http://www.chemweek.com/regions/north_america/us/DuPont-elects-new-member-to-its-board-of-directors_62946.html
August 4, 2014
Lubrizol says that it has acquired Vesta (Franklin, WI), a contract manufacturer for the global medical device industry. Lubrizol acquired Vesta from RoundTable Healthcare Partners...
http://www.chemweek.com/regions/north_america/us/Lubrizol-acquires-manufacturing-services-company-for-medical-device-industry_62952.html
August 1, 2014
Private equity firm American Securities (New York) has closed the acquisition of specialties maker Emerald Performance Materials (Cuyahoga Fall, OH) from Sun Capital (Boca Raton, FL)...
http://www.chemweek.com/regions/north_america/us/Private-equity-firms-close-Emerald-Performance-Materials-deal_62945.html
August 1, 2014
Leading engineering and construction firm Bechtel has announced the appointment of Brendan Bechtel as president and COO and member of the board of directors of Bechtel Group. He will...
http://www.chemweek.com/regions/north_america/us/Bechtel-appoints-chairmans-son-as-president-and-COO_62932.html
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