IHS Chemical Week

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November 9, 2014
Advent International and Avista Capital Partners, two leading private equity firms with a strong healthcare focus, said on Friday that they have entered into a definitive agreement to...
http://www.chemweek.com/regions/north_america/us/UCB-divests-US-generics-business-Kremers-Urban-to-private-equity-firms-for-$1-5-billion_65242.html
November 7, 2014
Rentech Nitrogen has announced a third-quarter net loss of $3.1 million compared with a net loss of $22.3 million in the year-ago quarter on revenues down 9.8% year-on-year (YOY), to...
http://www.chemweek.com/regions/north_america/us/Rentech-Nitrogen-reports-declining-earnings_65227.html
November 7, 2014
Following formal approval by the ACC board of directors, Peter Cella, CEO of Chevron Phillips Chemical (CPChem), will become ACC's newest board officer, effective 1 January 2015, ACC...
http://www.chemweek.com/regions/north_america/us/CPChem-CEO-appointed-ACC-board-officer_65225.html
November 7, 2014
Koppers Holdings, a  producer of carbon compounds, chemicals, and treated wood products and services for the aluminum, railroad, specialty chemical, utility, rubber, concrete...
http://www.chemweek.com/regions/north_america/us/Koppers-names-new-CEO_65224.html
November 7, 2014
Flint Hills Resources (Wichita, KS) plans to close its 85,000-m.t./year Marysville, MI, polypropylene (PP) plant in July 2015. Production will be shifted to the company's Longview, TX, facility, which has two PP plants totaling over 300,000 m.t./year of capacity....
http://www.chemweek.com/regions/north_america/us/Flint-Hills-to-close-Marysville-MI-polypropylene-plant-in-July-Updated_65231.html
November 7, 2014
Appvion (Appleton, WI) says it has launched the first thermal receipt paper using vitamin C. Thermal paper is a paper coated with a reactive layer that changes color when exposed to...
http://www.chemweek.com/regions/north_america/us/Appvion-launches-thermal-paper-using-vitamin-C-rather-than-BPA_65220.html
November 7, 2014
LSB Industries (Oklahoma City) reports a net loss of $3.8 million for the third quarter versus income of $10.3 million in the year-ago period. Sales of $171 million were down 3% year-o-year (YOY) from $177 million. Diluted earnings totaled a 17-ct loss per share....
http://www.chemweek.com/regions/north_america/us/LSB-Industries-reports-$3-8-million-loss-on-maintenance-raw-material-costs_65229.html
November 7, 2014
Shell Chemical is exercising its option to buy a site in Monaca, PA, for a potential world-scale ethylene and derivatives project, according to Horsehead Holding, owner of the site. The deal brings the project, which would include an ethane cracker and polyethylene plants, one step closer to realization. However, Shell has not made a final investment decision....
http://www.chemweek.com/regions/north_america/us/Shell-to-buy-site-in-Monaca-PA-for-cracker-project_65228.html
November 7, 2014
Westlake Chemical is restarting its 263,000-m.t./year styrene plant at Lake Charles, LA, after shuttering the facility more than two months ago due to unfavorable economics. Product...
http://www.chemweek.com/regions/north_america/us/Westlake-restarting-styrene-plant-on-lower-benzene-prices-tighter-European-market_65232.html
November 6, 2014
Momentive Specialty Chemicals (MSC) says it is building two new formaldehyde plants, both in the US state of Louisiana. Investment in the new plants will total $66 million, with...
http://www.chemweek.com/regions/north_america/us/Momentive-to-build-formaldehyde-plants-in-Louisiana_65207.html
November 6, 2014
Koppers Holdings (Pittsburgh) reports a third-quarter net loss of $2.7 million, versus income of $19.1 million in the year-ago quarter. Sales totaled $440 million, up 11% year-over-year (YOY) from $395 million. Adjusted earnings per share of 60 cents fell short of analysts’ consensus estimate of 66 cts/share compiled by Thomson Reuters....
http://www.chemweek.com/regions/north_america/us/Koppers-reports-loss-of-$2-7-million_65193.html
November 6, 2014
Taminco today reported net income that rose nearly fivefold year-on-year (YOY), to $29 million, or 43 cts/share, on sales up 22%, to $369 million. Earnings easily beat analysts’...
http://www.chemweek.com/regions/north_america/us/Taminco-beats-estimates-on-higher-sales_65194.html
November 6, 2014
Sunoco Logistics has concluded open season for the company's $2.5-billion Mariner East 2 pipeline project. The pipeline will carry natural gas liquids (NGLs) from the Marcellus and Utica shale basins to the company’s Marcus Hook, PA complex. The company also says it is developing the addition of an “NGL manufacturing complex” at Marcus Hook that would include a propane dehydrogenation (PDH) plant....
http://www.chemweek.com/regions/north_america/us/Sunoco-Logistics-moves-forward-on-Mariner-2-pipeline-plans-propane-dehydro-plant-at-Marcus-Hook_65191.html
November 6, 2014
Tronox today reported its third quarter results, indicating weakness in the titanium slag market. The company reported a net loss of $93 million, down from a net loss of $49 million in...
http://www.chemweek.com/regions/north_america/us/Tronox-reports-net-loss-on-weak-titanium-slag-market_65192.html
November 6, 2014
Appalachian Biofuels (Russell County, VA) will invest $3.5 million to establish its headquarters and an enzymatic biodiesel production facility in Russell County. Appalachian Biofuels...
http://www.chemweek.com/regions/north_america/us/Start-up-to-invest-$3-5-million-for-enzymatic-biodiesel-project-in-Virginia_65182.html
November 5, 2014
Juan Luciano. Archer Daniels Midland (ADM; Chicago) says that Juan Luciano has been named the company’s next CEO, effective 1 January 2015. Luciano will succeed Patricia Woertz...
http://www.chemweek.com/regions/north_america/us/ADM-appoints-new-CEO_65163.html
November 5, 2014
Kinder Morgan has bought two Jones Act tankers from Crowley Maritime for about $270 million. The deal brings Kinder Morgan’s tanker fleet to seven vessels....
http://www.chemweek.com/regions/north_america/us/Kinder-Morgan-buys-two-more-Jones-Act-tankers-for-$270-million_65154.html
November 5, 2014
Ashland today reported fiscal fourth-quarter net loss of $26 million, compared with a profit of $336 million in the year-ago quarter, on sales up 5% year-on-year, to $1.5 billion...
http://www.chemweek.com/regions/north_america/us/Ashland-beats-estimates-on-solid-specialties-Valvoline-results_65160.html
November 5, 2014
CF Industries today reported its third quarter results, indicating an increase in nitrogen revenues and higher costs. Net income of $130.9 million dropped 44% year-over-year (YOY) with...
http://www.chemweek.com/regions/north_america/us/CF-Industries-reports-44-percent-net-income-drop_65158.html
November 5, 2014
Axiall (Atlanta) says lower electrochemical unit values and higher ethylene costs cut into third-quarter volume gains. Net income totaled $44.5 million, up 6% year-on-year (YOY) from $39.0 million. Net sales also increased 6% YOY, to $1.27 billion, from $1.20 billion. Adjusted earnings per share of 72 cts were well ahead of analysts’ consensus estimate of 60 cts, compiled by Thomson Reuters....
http://www.chemweek.com/regions/north_america/us/Axiall-increases-income-6-percent-beats-estimates_65139.html
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