IHS Chemical Week

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January 6, 2015
Tsutomu Tannowa, president and CEO of Mitsui Chemicals, in a New Year’s message, says that the company is targeting operating profits of ¥60.0 billion ($505.7 million) in...
http://www.chemweek.com/regions/north_asia/japan/Mitsui-Chemicals-targets-operating-profits-of-¥100-billion-in-2020_66576.html
January 6, 2015
Yeochun NCC (YNCC; Seoul) has been feeding 10% liquefied petroleum gas (LPG) into the company's No. 1 naphtha cracker at Yeosu, South Korea, since 1 January, a source close to the...
http://www.chemweek.com/regions/north_asia/korea/Yeochun-NCCs-No-1-cracker-starts-using-10-percent-LPG_66570.html
January 5, 2015
Nippon Shokubai, in a New Year’s message to its employees on 5 January, said that it will make a final decision this year about investments to expand the production capacity of...
http://www.chemweek.com/regions/north_asia/japan/Nippon-Shokubai-to-make-final-decision-on-SAP-expansion_66550.html
December 31, 2014
Asian aromatics prices have lost much of their value in 2014, falling toward the end of December to about half of their levels one year ago, IHS Chemical data show. Prices have fallen...
http://www.chemweek.com/regions/north_asia/taiwan/Aromatics-prices-have-fallen-by-half-in-Asia-during-2014_66509.html
December 30, 2014
Hitoshi Ochi. Mitsubishi Chemical Holdings has named Hitoshi Ochi as president and CEO, effective 1 April 2015. Mitsubishi Chemical Holdings is the parent of Mitsubishi Chemical. Ochi...
http://www.chemweek.com/regions/north_asia/japan/Mitsubishi-Chemical-Holdings-names-next-CEO_66475.html
December 30, 2014
Formosa Petrochemical Corp. (FPC) plans to cut production runs at its three steam crackers at Mailiao, Taiwan, by 10% at the beginning of January, a source close to the company said...
http://www.chemweek.com/regions/north_asia/taiwan/Formosa-Petrochemical-to-cut-cracker-runs-by-10-percent-from-January_66490.html
December 29, 2014
Lotte Chemical (Seoul) plans to shut its Daesan, South Korea, steam cracker between October 2015 and November 2015 for regular maintenance, a source close to the company said today...
http://www.chemweek.com/regions/north_asia/korea/Lotte-Chemical-to-shut-Daesan-cracker-in-October-2015-for-maintenance_66472.html
December 24, 2014
Kuraray has unveiled a medium-term management plan covering the next three years. Kuraray is targeting sales of ¥650 billion ($5.4 billion) and operating profits of ¥90 billion...
http://www.chemweek.com/regions/north_asia/japan/Kuraray-announces-business-plan-to-invest-$1-6-billion-in-three-years_66452.html
December 24, 2014
Nippon Shokubai says that it will establish a new wholly owned subsidiary called Nippon Shokubai Korea at Seongnam, South Korea on 1 April 2015. Nippon Shokubai Korea will mainly be...
http://www.chemweek.com/regions/north_asia/korea/Nippon-Shokubai-to-establish-subsidiary-in-South-Korea_66442.html
December 22, 2014
Mitsui Chemicals and SKC (Seoul) plan to merge their polyurethane (PU) raw material businesses into a joint venture by 1 April 2015. Mitsui president and CEO Tsutomu Tannowa and SKC...
http://www.chemweek.com/regions/north_asia/korea/Mitsui-Chemicals-SKC-to-merge-polyurethane-material-businesses_66382.html
December 22, 2014
The Vietnamese government has given final approval for energy company PTT’s (Bangkok) previously announced fully integrated refinery and petrochemical complex in Vietnam, say...
http://www.chemweek.com/regions/north_asia/Reports-Vietnam-government-gives-final-approval-for-PTTs-$22-billion-refinery-and-petrochemical-complex_66394.html
December 19, 2014
Mitsui Chemicals plans to shut its olefins conversion unit (OCU) at Osaka temporarily from the middle of January because of weaker propylene prices, the company said today. The...
http://www.chemweek.com/regions/north_asia/japan/Mitsui-Chemicals-to-idle-olefins-conversion-unit-next-month-because-of-weak-propylene-prices_66348.html
December 18, 2014
Styrene inventories in eastern China have dipped 4% this week, compared with last week, industry sources say. The inventory tally is estimated at 148,000 m.t., down about 7,000 m.t. or...
http://www.chemweek.com/regions/north_asia/Styrene-stocks-in-eastern-China-fall-4-percent-against-last-week_66286.html
December 18, 2014
Teijin says that it will open a second production line in South Korea for Lielsort, an innovative separator for lithium ion secondary batteries (LIBs). Operations will begin on 24...
http://www.chemweek.com/regions/north_asia/korea/Teijin-to-open-second-production-line-for-separators-for-lithium-ion-secondary-batteries_66283.html
December 17, 2014
JSR (Tokyo) says that it has agreed with Taiwanese chemical company Chang Chun Petrochemical (Taipei) to establish a joint venture to manufacture display materials at Changshu, China...
http://www.chemweek.com/regions/north_asia/taiwan/JSR-and-Chang-Chun-Petrochemical-to-establish-JV-to-manufacture-display-materials-in-China_66236.html
December 16, 2014
Dow Chemical will supply quantum dot material to LG Electronics, which is launching a new range of high-tech TVs in early 2015. Dow is building a quantum dot factory in South Korea...
http://www.chemweek.com/regions/north_asia/korea/LG-Electronics-and-Dow-link-in-quantum-dot-TV-project_66204.html
December 16, 2014
South Korea exported 126,232 m.t. of styrene in November, down 4.0%, from 131,765 m.t., in October, the latest Korea Customs Service data show. The fall mostly reflects a lack of...
http://www.chemweek.com/regions/north_asia/korea/South-Koreas-November-styrene-exports-dip-4-0-percent-from-October_66199.html
December 15, 2014
The United Nations climate summit in Lima closed with the basis for a new, global climate change agreement to be finally agreed in Paris in Dec 2015, and to enter into force in 2020...
http://www.chemweek.com/regions/north_asia/japan/Lima-climate-change-conference-mixed-response-from-politicians-industry-and-environmentalists_66177.html
December 12, 2014
IHS has cut its crude oil forecast sharply with the latest dated Brent projections lowered by about $22/bbl in 2015 and $11/bbl in 2016, according to IHS December Global Crude Oil...
http://www.chemweek.com/regions/north_asia/IHS-cuts-2015-crude-oil-price-forecast-sharply_66035.html
December 11, 2014
Kuraray has decided to enter the acrylic film market with Parapure, a recently developed product. Parapure, which was created through the application of the company’s...
http://www.chemweek.com/regions/north_asia/japan/Kuraray-develops-new-acrylic-film_66073.html
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