IHS Chemical Week

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March 31, 2015
The Pennsylvania Department of Environmental Protection (DEP; Harrisburg) has announced its intention to issue air permits to Shell Chemicals' planned Appalachian petrochemical complex at Monaca, PA. The DEP will hold a public hearing on 5 May to take comments regarding Shell’s application....
http://www.chemweek.com/regions/north_america/us/Shell-nears-air-permit-for-Appalachian-cracker-project_69066.html
March 31, 2015
Bayer CropScience says that it has divested its Institute Industrial Park at Institute, WV, to Dow Chemical subsidiary Union Carbide, which will assume control of the site in a phased turnover expected to conclude by mid-2016. Financial terms of the transaction, which includes transfer of the land as well as the majority of site assets, have not been disclosed....
http://www.chemweek.com/regions/north_america/us/Bayer-CropScience-divests-Institute-Industrial-Park-to-Union-Carbide_69050.html
March 31, 2015
John Bresland, the former chair of the US Chemical Safety Board (CSB; Washington), now president for Process Safety Risk Assessment LLC, has urged the petrochemical industry to lobby...
http://www.chemweek.com/regions/north_america/us/Bresland-urges-AFPM-to-lobby-for-CSB-board-members-with-industry-experience_69018.html
March 31, 2015
PPG Industries has acquired Flood Australia (Padstow, Australia), a maker of wood stains and paint additives for consumer, commercial, and industrial applications. Financial terms of...
http://www.chemweek.com/regions/north_america/us/PPG-acquires-wood-stain-and-paint-additives-maker-in-Australia_69047.html
March 31, 2015
The ExxonMobil Chemical plant at Beaumont, TX, had a fire overnight that was extinguished early in the morning of 30 March. The fire is suspected to have been caused when vapor...
http://www.chemweek.com/regions/north_america/us/ExxonMobil-extinguishes-fire-at-Texas-propylene-line_69036.html
March 30, 2015
Private equity firm The Carlyle Group (Washington, DC) has announced it is selling 35 million shares in Axalta in a secondary offering. The exact timing and price of the offering have...
http://www.chemweek.com/regions/north_america/us/Carlyle-to-sell-additional-Axalta-shares_69033.html
March 30, 2015
JA Mitsui Leasing (JAML, Tokyo) and The Norinchukin Bank (Tokyo) will acquire a 50% stake in Mitsui Rail Capital (MRC, Chicago), a wholly owned subsidiary of Mitsui & Co, Mitsui...
http://www.chemweek.com/regions/north_america/us/Japanese-firm-and-bank-to-buy-50-percent-stake-in-US-railcar-business_69006.html
March 30, 2015
Momentive Performance Materials (MPM) today reported fourth-quarter net sales of $603 million, down 2% year-on-year (YOY), with segment Ebitda totaling $61 million, up 17%. The company...
http://www.chemweek.com/regions/north_america/us/Momentive-Performance-Materials-Ebitda-rises-after-bankruptcy_69017.html
March 30, 2015
Investment firm Fidelity (Boston) has stepped in to urge a solution to the proxy battle between DuPont and activist hedge fund Trian Fund Management (New York), according to a Reuters...
http://www.chemweek.com/regions/north_america/us/Report-Fidelity-stepping-in-to-resolve-DuPont-proxy-fight_69015.html
March 30, 2015
Teva Pharmaceutical Industries (PetaŠł• Tiqwa, Israel) says that it has entered into a definitive merger agreement with Auspex Pharmaceuticals (La Jolla, CA) under which Teva will...
http://www.chemweek.com/regions/north_america/us/Teva-to-acquire-Auspex-Pharmaceuticals-for-$3-2-billion_69011.html
March 27, 2015
Dow Chemical has definitively agreed to merge most of its chlor-alkali and downstream derivatives business with Olin in a transaction that values the business at $5 billion. The terms...
http://www.chemweek.com/regions/north_america/us/Dow-to-merge-chlor-alkali-and-derivatives-with-Olin-in-deal-valued-at-$5-billion_68979.html
March 27, 2015
Airgas says it is building a new air separation unit (ASU) to produce tonnage oxygen, nitrogen, and argon for a Nucor plant in Tuscaloosa, AL. The ASU will supply Nucor’s plant...
http://www.chemweek.com/regions/north_america/us/Airgas-to-construct-ASU-near-steel-plant-in-Alabama_68984.html
March 27, 2015
Albemarle yesterday said it is raising prices for elemental bromine and bromine derivatives by 30%. The increases will be effective immediately or as soon as contracts permit. Clear...
http://www.chemweek.com/regions/north_america/us/Albemarle-raises-elemental-bromine-prices_68985.html
March 27, 2015
Demand for key basic chemicals has surged since the financial crisis of 2008-2009, but imbalances in supply and demand have emerged that will shape margins through the end of the decade, says Mark Eramo, v.p./global chemical insights at IHS Chemical. Ethylene and vinyls are set to benefit, but methanol could be challenged....
http://www.chemweek.com/regions/north_america/us/IHS-WPC-Basic-chemical-capacity-to-grow-4-percentyear-this-decade_68981.html
March 27, 2015
AbbVie is to invest $30 million to expand one of its manufacturing sites in Puerto Rico. The expansion will add to Puerto Rico’s manufacturing capabilities for...
http://www.chemweek.com/regions/north_america/us/AbbVie-to-invest-in-biopharma-expansion-in-Puerto-Rico_68964.html
March 27, 2015
ChevronPhillips Chemical (CP Chem) began a start-up event from its shutdown Ethylene Unit 33 at its Sweeny, Texas, facility, according to a filing with state regulators on Thursday...
http://www.chemweek.com/regions/north_america/us/CPChem-begins-start-up-at-Texas-ethylene-unit_68949.html
March 26, 2015
H.B. Fuller has reported fiscal first-quarter net income down 34% year-on-year (YOY), to $9.7 million, or 19 cts/share, on net revenue down 3.2%, to $470.7 million. Adjusted earnings...
http://www.chemweek.com/regions/north_america/us/H-B-Fuller-earnings-fall-on-currency-full-year-guidance-reaffirmed_68936.html
March 26, 2015
A consortium comprising CB&I, Chiyoda International, and Zachry Group today announced the award of a contract valued in excess of $2 billion by FLNG Liquefaction 3 (Freeport LNG)...
http://www.chemweek.com/regions/north_america/us/CB-and-I-Chiyoda-and-Zachry-consortium-awarded-contract-for-LNG-liquefaction-and-export-facility_68947.html
March 26, 2015
The European Parliament's committee on Industry, Research and Energy (ITRE) says that the transatlantic trade and investment partnership (TTIP), currently being negotiated between the...
http://www.chemweek.com/regions/north_america/us/TTIP-European-Parliament-committee-calls-for-support-of-SMEs-energy-intensive-sector-access-to-US-markets_68938.html
March 26, 2015
Although China accounts for the world's largest para-xylene (p-xylene) capacity, it will still need to import more than half of this capacity for the foreseeable future, according to...
http://www.chemweek.com/regions/north_america/us/IHS-WPC-2015-China-to-keep-importing-p-xylene-as-production-and-demand-grows_68935.html
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