IHS Chemical Week

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June 26, 2014
H.B. Fuller has announced fiscal second-quarter net income of $20.5 million, or 40 cts/share, down 20.8% year-on-year (YOY), on sales up 4.8%, to $544 million. Adjusted earnings...
http://www.chemweek.com/regions/north_america/us/H-B-Fuller-net-income-falls-despite-sales-increase_62051.html
June 26, 2014
Ashta Chemicals (Ashtabula, OH) says it will invest $60 million to convert its mercury-cell chlor-alkali plant to membrane-cell technology. Ineos Technologies will provide process design services and three Bichlor bipolar electrolyzers....
http://www.chemweek.com/regions/north_america/us/Ashta-Chemicals-to-convert-Ohio-chlor-alkali-plant-to-membrane-cell-process_62021.html
June 25, 2014
EPA today released its final risk assessment for trichloroethylene (TCE)—the first such assessment to be completed as part of the agency’s Toxic Substances Control Act...
http://www.chemweek.com/regions/north_america/us/EPA-issues-final-risk-assessment-for-TCE_62040.html
June 25, 2014
Bayer said today that it has issued two hybrid bonds with a total volume of €3.25 billion ($4.43 billion) as the first step in refinancing the $14.2-billion bridge loan arranged...
http://www.chemweek.com/regions/north_america/us/Bayer-issues-hybrid-capital-of-&euro3-25-billion-to-finance-Merck-and-Co-s-consumer-care-acquisition_62039.html
June 25, 2014
Cytec says it has named Daniel Darazsdi to be the company’s new v.p. and CFO, effective 4 August. Darazsdi replaces David Drillock, who announced his retirement in February...
http://www.chemweek.com/regions/north_america/us/Cytec-names-new-CFO_62035.html
June 25, 2014
Omnova today reported fiscal second-quarter earnings up 17.2% year-on-year (YOY), to $3.4 million, or 7 cts/share, on sales down 1.6%, to $266.4 million. Adjusted earnings from...
http://www.chemweek.com/regions/north_america/us/Omnova-net-income-rises-but-misses-estimates_62018.html
June 25, 2014
Olin says it is refinancing its 8.875% senior bonds due in 2019, using an existing $265-million senior revolving credit facility and a delayed draw-down term loan to pay down the debt...
http://www.chemweek.com/regions/north_america/us/Olin-refinances-debt-rearranges-credit-facilities_62017.html
June 25, 2014
Kraton Performance Polymers’ planned merger with the styrenics block copolymers (SBC) unit of LCY Chemical (Taiwan) may not pay off for two years later than expected, the company said on 24 June. The company’s stock price fell 14% the day of the announcement, losing $3.60/share to close at $21.53/share....
http://www.chemweek.com/regions/north_america/us/Kraton-shares-fall-14-percent-on-weaker-post-merger-earnings-forecast_62008.html
June 24, 2014
Renewable chemical firm P2 science (New Haven, CT) announced today that it has entered into a joint development and commercialization agreement with Symrise covering renewable flavors...
http://www.chemweek.com/regions/north_america/us/P2-Science-signs-joint-development-deal-with-Symrise_62009.html
June 24, 2014
Japan’s Toppan Printing (Tokyo) has announced plans to build a new transparent barrier films production facility in the US state of Georgia. The plant, which will be...
http://www.chemweek.com/regions/north_america/us/Toppan-Printing-to-build-barrier-films-plant-in-US_62006.html
June 24, 2014
MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. Thus, we continue to post a green banner. Consumer Prices up 0.4%; up 2.1% Y/Y Housing Starts...
http://www.chemweek.com/regions/north_america/us/ACCs-economic-outlook-for-the-week-ended-20-June-2014_61993.html
June 24, 2014
Merck KGaA says that its biopharmaceutical division, Merck Serono (Darmstadt, Germany), has signed an agreement with Mersana Therapeutics (Cambridge, MA) to collaboratively develop...
http://www.chemweek.com/regions/north_america/us/Merck-Serono-and-Mersana-to-develop-antibody-drug-conjugates_61984.html
June 24, 2014
Engineering and construction firms SNC-Lavalin Group (Montreal, Canada) and Kentz Corp (St Helier, Jersey, Channel Islands)  have announced an agreement for SNC-Lavalin to buy...
http://www.chemweek.com/regions/north_america/us/SNC-Lavalin-to-buy-Kentz-Corp-for-$2-billion-to-gain-bigger-exposure-to-shale-opportunities_61983.html
June 23, 2014
The Supreme Court today upheld EPA’s authority to regulate greenhouse gases (GHG) from “sources that would need permits based on their emission of conventional...
http://www.chemweek.com/regions/north_america/us/Supreme-Court-upholds-EPA-regulation-of-greenhouse-gases_61982.html
June 23, 2014
A. Schulman has named Bernard Rzepka as its next CEO, effective 1 January 2015. Current chairman and CEO Joseph Gingo will remain chairman after his retirement as CEO on 31...
http://www.chemweek.com/regions/north_america/us/Schulman-names-next-CEO_61968.html
June 23, 2014
Oneok Partners’ (Tulsa, OK) 75,000-bbl/day natural gas liquids fractionator, now under construction at Mont Belvieu, TX, has received a Greenhouse Gas Prevention of Significant Deterioration permit from EPA. Oneok expects to complete the fractionator project, which will cost $525–575 million, during the fourth quarter....
http://www.chemweek.com/regions/north_america/us/Oneok-gets-air-permit-for-$550-million-Mont-Belvieu-NGL-fractionator_61973.html
June 20, 2014
Chevron Phillips Chemical (CPChem; The Woodlands, TX) has broken ground for the construction of two 500,000 m.t./year polyethylene plants at its site in Old Ocean, TX....
http://www.chemweek.com/regions/north_america/us/CPChem-begins-construction-of-polyethylene-plants-at-Old-Ocean-TX_61886.html
June 20, 2014
ExxonMobil Chemical says it has begun constructing second steam cracker at its Baytown, TX, facility and two downstream polyethylene lines at its Mont Belvieu, TX, plastics plant. EPA gave the project a final greenhouse gas Prevention of Significant Deterioration construction permit last month....
http://www.chemweek.com/regions/north_america/us/ExxonMobil-begins-expanding-Baytown-ethylene-PE_61929.html
June 20, 2014
International Flavors & Fragrances (IFF) it has opened a photovoltaic (PV) installation at its Hazlet, NJ, facility. The company says that the installation supports its commitment...
http://www.chemweek.com/regions/north_america/us/IFF-opens-PV-installation-at-NJ-site_61947.html
June 20, 2014
Huntsman announced today that an unplanned manufacturing disruption at its Port Neches, TX propylene oxide (PO) and methyl tert butyl ether (MTBE) facility will reduce its second...
http://www.chemweek.com/regions/north_america/us/Huntsman-reveals-PO-MTBE-disruption-at-Port-Neches_61923.html
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