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March 3, 2016
Northwest Innovation Works (NWIW; Kalama, WA), a company owned by Chinese investors, is halting work on a mega-methanol complex at Tacoma, WA, in the US Pacific Northwest. The project...
March 3, 2016
BASF fourth-quarter 2015 Ebitda was down 34% year-on-year (YOY), to €1.89 billion ($2.09 billion), on significantly lower earnings in oil and gas and chemicals. The chemicals segment’s decline is mainly attributable to lower margins in the petrochemicals division, BASF says....
March 3, 2016
Sabic has acquired a majority stake in Fibre Reinforced Thermoplastics BV (Lelystad, Netherlands)....
March 3, 2016
Bayer says that it is targeting mid-single-digit increases in Ebitda before special items and core earnings per share (EPS) for 2016, even taking into account that it will own only 69%...
March 3, 2016
Covestro (Leverkusen), formerly Bayer MaterialScience, has reported its first annual results since gaining independence, with adjusted Ebitda rising 41%, to €1.64 billion ($1.81 billion), in 2015. Sales were up 2.7%, to €12.1 billion, and net income rose 26%, to €343 million. Volumes were 2.6% higher, but price movements had a negative effect of 7.7%. Covestro is proposing its first dividend of €0.70/share....
March 3, 2016
Petronas Chemicals Group (PCG; Kuala Lumpur) reports profits for the fourth quarter of 2015 rose 39% compared with the fourth quarter of 2014, to 791 million ringgit ($188.3 million)...
March 3, 2016
IHS Chemical expects styrene exports from Japan to decline sharply in 2016 because several styrene plants in the country have closed during the past five years, including an Asahi...
February 18, 2016
M&A activity in the chemical industry totalled $65 billion in 2015, up 30% from 2014, according to data compiled by Young & Partners (Y&P; New York). The figure was helped...
February 18, 2016
Versalis (Milan) and Genomatica (San Diego) say that they have advanced to pilot-scale production of biobutadiene (bio-BDE) from fully renewable feedstock. Versalis, an ENI (Rome)...
February 18, 2016
Royal Dutch Shell has completed the £47-billion ($67.2 billion) acquisition of energy company BG Group (Reading, UK). The deal was first announced in April 2015. Shell and BG...
February 18, 2016
Yara International (Oslo) is making several organizational and management changes to improve focus. The announcement was made shortly after the company issued a profit warning....
February 18, 2016
The petrochemical businesses of state-owned energy companies in India report lower sales for their fiscal third quarters, ended 31 December 2015. The companies have also separately inaugurated major investment projects....
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