IHS Chemical Week

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January 25, 2016
Flint Hills Resources said in a filing with state regulators on Saturday, 23 January, that it was restarting a light olefins unit (LOU) at its Port Arthur, TX, facility following an upset on 22 January. The filing, published by the Texas Commission on Environmental Quality (TCEQ), said the upset caused the LOU to shut down....
January 25, 2016
ExxonMobil confirmed on Monday that flaring at its Beaumont, TX, facility will continue as the company works toward normal operations over the coming days. The company did not say when it aims to complete the process.  A spokesperson said the company expects to continue meeting contractual commitments....
January 25, 2016
US retail gasoline prices have spent 25 consecutive days below $2/gal, but they could head lower still as reduced seasonal demand and falling crude oil costs combine to send pump prices to the lowest mark in six years, according to US automotive organization AAA.  In its Daily Fuel Gauge Report, AAA said Monday's average price of $1.83/gal was the cheapest since January 2009, and retail averages have fallen for 69 of the past 80 days for a total savings of 40 cts/gal....
January 25, 2016
Mossi Ghisolfi Group's (M&G; Tortona, Italy) chemicals arm, headquartered in Luxembourg, says it will increase the initial capacity of a previously announced, integrated...
January 22, 2016
US ethylene spot prices began Friday on the rise, following a power failure at ExxonMobil's Beaumont, TX, facility during the afternoon of Thursday, 21 January. The company says that the refinery and chemical plant operations at Beaumont are in a safe-park mode, and the company will work to restore normal operations over the coming days....
February 1, 2016
ACC’s specialty chemicals market volume index was down 2.7% in December 2015 compared with the year-ago month but fell only 0.3% year-to-date (YTD) in 2015 versus one year ago, both figures on a three-month moving average (3MMA). The index slipped 0.1% in December versus the earlier month, following a fall of 0.7% in November (both 3MMA)....
January 22, 2016
Celanese reports a net loss of $301 million for the fourth quarter of 2015, down from a loss of $85 million during the year-ago quarter on a flurry of one-time expenses. Revenues fell 14.4% year-over-year to $1.334 billion. Firm pricing and falling raw material costs in materials solutions helped offset weak pricing in the acetyl chain, lifting the adjusted Ebit margin to 19.2%, a fourth-quarter record. Adjusted earnings per share of $1.25 aligned with the average analyst estimate of $1.24, as reported by Thomson Reuters (New York)....
January 22, 2016
PPG Industries on Thursday reported fourth-quarter 2015 net income more than doubled year-on-year (YOY), to $314 million, because of a charge in the year-ago quarter and rising...
January 21, 2016
Celanese is adding nylons  -6 and -6,6 to its portfolio of engineered materials using technology developed in-house, the company says. Some grades of nylon will be immediately available, while others will enter the market during the third quarter....
January 21, 2016
US crude and gasoline inventory grew during the week that ended 15 January, according to data released by the Energy Information Administration (EIA) on 21 January. The jump in crude inventory has pushed NYMEX WTI prices lower this week, putting downward pressure on the US aromatics market....
January 21, 2016
Gelest (Morrisville, PA), a producer and supplier of specialty organosilicon compounds and silicones, says it has launched a silicone elastomer that can stretch more than 5,000% before...
January 21, 2016
The America sections of The Society of Chemical Industry (SCI) will award the 2016 SCI Chemical Industry Medal to James Gallogly, retired CEO of LyondellBasell Industries and a current...
January 21, 2016
US ethylene spot prices hit another seven-year low on Wednesday, amid bearish market sentiment, healthy supply, and limited storage. Ethylene traded on Tuesday at 15.50 cts/lb. The record low for ethylene since IHS Chemical began tracking daily ethylene spot trades in 2002 was 15.25 cts/lb in December 2008....
January 21, 2016
Altanahas announced that it is investing $3.5 million in Melior Innovations (Houston). Melior specializes in the development of high-performance materials, such as specialty ceramics...
January 21, 2016
Albany Molecular Research Inc. (AMRI; Albany, NY) says that Dawn Von Rohr will join AMRI as senior v.p./active pharmaceutical ingredient (API) business, effective 25 January. Von Rohr...
January 21, 2016
Increased demand for diesel and more stringent sulfur regulations continue to fuel strong increases US refinery demand for hydrogen and merchant suppliers, mainly industrial gas...
January 20, 2016
An investment firm has proposed that Ashland sell its specialty ingredients business and restructure Valvoline to create a master limited partnership (MLP), according to a Reuters...
January 20, 2016
Biobased aromatics technology firm Anellotech (Pearl River, NY) says it has selected Trecora Resources subsidiary South Hampton Resources (SHR) as its operating partner and site host...
January 20, 2016
Altivia (Houston) has added capacity for the production of chloroacetyl chloride at its La Porte, TX, site by continuous phosgenation. Chloroacetyl chloride, a feedstock for the production of pharmaceuticals and agrochemicals, is now available in bulk from the La Porte facility, the company says....
January 20, 2016
W.R. Grace said today it expects full-year 2015 sales to total $3.05 billion, with 2015 sales for GCP Applied Technologies to total $1.42 billion. GCP is Grace’s former...
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