IHS Chemical Week

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Displaying 81 - 100 of 11994 stories.
May 6, 2015
Axiall reports a first quarter net loss of $10.6 million, up slightly from a loss of $11.6 million in the year-ago period. Sales fell 5% year-over-year (YOY) to $947.6 million on declines in chlorovinyls and aromatics. Adjusted earnings totaled a loss of 5 cts/share, missing the analysts’ consensus estimate of 0 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/us/Axiall-misses-first-quarter-estimates-with-$10-6-million-loss_70119.html
May 6, 2015
OxyChem, the chemical business of Occidental Petroleum, turned in pre-tax core earnings of $139 million in the first quarter, up 2% year-over-year (YOY). Occidental attributes the gain to lower ethylene and natural gas costs, offset primarily by lower caustic soda sales volumes. OxyChem sales fell 18% YOY to $1 billion....
http://www.chemweek.com/regions/north_america/us/OxyChem-earnings-up-2-percent-YOY-on-lower-costs_70124.html
May 6, 2015
Axalta today reported first-quarter net income of $46.7 million, compared with a net loss of $3.7 million in the year-ago quarter, on sales down 5.4% year-on-year (YOY), to $997.5...
http://www.chemweek.com/regions/north_america/us/Axalta-beats-estimates-despite-currency-issues_70120.html
May 6, 2015
Momentive Performance Materials says that Erick Asmussen will become its senior v.p. and CFO on 26 May. As a result of the appointment, Brian Berger will resign the position of interim...
http://www.chemweek.com/regions/north_america/us/Momentive-appoints-new-CFO_70110.html
May 6, 2015
A previously announced petchems project planned in Belmont County, OH, is expected to require a capital expenditure of $5 billion, sources tell CW on the sidelines of the APIC 2015...
http://www.chemweek.com/regions/north_america/us/PTTGC-outlines-Ohio-Indonesian-petchem-projects_70118.html
May 5, 2015
The IRS has issued a proposed ruling that could jeopardize plans to put petrochemical assets into tax-saving master limited partnerships (MLPs). The document specifically states that income derived from a steam cracker would not qualify for MLP status, directly contradicting a ruling issued on 2 July 2012....
http://www.chemweek.com/regions/north_america/us/Proposed-IRS-ruling-threatens-cracker-MLPs_70105.html
May 5, 2015
Abengoa (Seville, Spain) has been selected by Fulcrum BioEnergy (Pleasanton, CA), to build the first biorefinery using gasification technology to convert municipal solid waste into...
http://www.chemweek.com/regions/north_america/us/Fulcrum-awards-engineering-and-construction-contract-to-Abengoa-for-US-biorefinery-project_70090.html
May 5, 2015
Boardwalk Pipeline’s Evangeline ethylene pipeline will remain down for the next couple of months, with an estimated restart date of 1 July. US styrene supply is expected to...
http://www.chemweek.com/regions/north_america/us/US-styrene-to-stay-tight-in-Louisiana-amid-ethylene-pipeline-issues_70100.html
May 5, 2015
ChevronPhillips Chemical (CPChem) has said its Sweeny, TX Ethylene Unit 22 will be returned to service following a planned maintenance turnaround. In a filing with the Texas Commission...
http://www.chemweek.com/regions/north_america/us/CPChem-Sweeny-ethylene-unit-returns-to-service_70099.html
May 5, 2015
IHS analysts' said Tuesday that they do not expect additional benzene to move from the US to Europe this month, following recent shipments of about 10,000 m.t. that are set to arrive...
http://www.chemweek.com/regions/north_america/us/Additional-US-benzene-to-Europe-not-expected-after-recent-fixtures_70104.html
May 5, 2015
Bayer CropScience on Tuesday announced a strategic innovation partnership with Flagship Ventures, a leading venture capital and venture-creation firm. The partnership also includes an...
http://www.chemweek.com/regions/north_america/us/Bayer-CropScience-forms-innovation-partnership-with-venture-capital-firm-Flagship-Ventures_70082.html
May 5, 2015
Balchem today reported first quarter net earnings that nearly doubled year-on-year (YOY), to $15.2 million, on sales up 68.5%, to $144.5 billion. The rise in sales was mostly due to...
http://www.chemweek.com/regions/north_america/us/Balchem-earnings-soar-due-to-inclusion-of-SensoryEffects_70089.html
May 5, 2015
Boardwalk Pipeline confirmed on Monday that its Evangeline ethylene pipeline has an estimated in-service restart date of 1 July. The early July restart date was in line with market...
http://www.chemweek.com/regions/north_america/us/Boardwalk-Pipeline-confirms-early-July-restart-for-Evangeline-Pipeline_70075.html
May 5, 2015
The national average price of regular unleaded gasoline has moved higher for 19 consecutive days for a total of 23 cents per gallon, due to higher crude oil costs and a number of...
http://www.chemweek.com/regions/north_america/us/US-retail-gasoline-prices-up-19-consecutive-days_70061.html
May 4, 2015
Westlake says conversions to cost-advantaged ethane feedstock improved first-quarter margins in the vinyls chain, but the gain was more than offset by lower margins in olefins. The company reports first-quarter net income of $146 million, down 7.6% year-on-year (YOY) from $158 million. Net sales increased 7.4% YOY to $1.104 billion, mainly on the contribution of Vinnolit, the specialty PVC resin business acquired last July. Earnings per share of $1.10 fell short of the analysts’ consensus estimate of $1.18, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/us/Westlake-misses-estimates-as-crude-takes-toll-on-olefin-margins_70057.html
May 4, 2015
PQ has named George Biltz president and CEO, effective 1 May. Biltz succeeds Michael Boyce, who will continue to serve as PQ chairman. PQ is a leading producer of silicates...
http://www.chemweek.com/regions/north_america/us/PQ-confirms-new-CEO_70055.html
May 4, 2015
FMC says it has named former Cheminova CEO Jaime Gomez-Arnau to the post of v.p./agricultural solutions/Europe, Mideast, and Africa. Gomez-Arnau will report to Mark Douglas...
http://www.chemweek.com/regions/north_america/us/FMC-names-former-Cheminova-CEO-to-v-p-post_70059.html
May 4, 2015
US styrene prices are expected to remain strong throughout June, amid ongoing and upcoming turnarounds, according to IHS Chemical.  Styrene producers have already sold out for May and most of June, and are starting to offer July material....
http://www.chemweek.com/regions/north_america/us/US-styrene-prices-expected-to-stay-strong-through-June_70039.html
May 1, 2015
US olefins sources said on Friday that Boardwalk Pipeline's Evangeline ethylene pipeline would be back online in late June. The Evangeline pipeline, which transports ethylene between...
http://www.chemweek.com/regions/north_america/us/Evangeline-ethylene-pipeline-to-restart-in-late-June-sources-said_70036.html
May 1, 2015
Cambrex (East Rutherford, NJ) reports a more than eightfold increase in net profits for the first quarter of 2015 compared with the first quarter of 2014, to $7.99 million...
http://www.chemweek.com/regions/north_america/us/Cambrex-reports-huge-rise-in-profits_70017.html
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