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November 23, 2016
The desire of project sponsors to use project financing for petrochemicals in developed and emerging markets has persisted despite a consistently challenging environment. The need for...
November 23, 2016
American Chemistry Council’s Chemical Activity Barometer (CAB), an index of activity in the chemical industry, expanded 0.3% in November on a three-month moving average, the eighth...
November 23, 2016
BASF says it has agreed to sell its inorganic specialties business to the private equity group Edgewater Capital Partners (Cleveland, Ohio). The divestment includes the Evans City...
November 23, 2016
Koch Industries will acquire the remaining 55.5% of outstanding shares in privately held Guardian Industries (Auburn Hills, Michigan) it does not already own. Terms of the all-cash...
November 23, 2016
US President-elect Donald Trump has issued a video outlining his policy plans for his first 100 days in office. Trump says that he is going to issue a note of intent to withdraw from...
November 23, 2016
Borealis (Vienna, Austria), a producer of polyolefins, reports third-quarter net profit rose 18%, to €304 million ($324 million), on 6% lower sales, €1.8 billion, and says 2016 will be another good year for the company. In an exclusive interview with CW, Mark Tonkens, chief financial officer (CFO), said lower polyolefin and fertilizer prices were responsible for the drop in sales. Polyolefin volumes were up, he says....
November 23, 2016
Sasol (Johannesburg, South Africa) has completed a propylene expansion project at Secunda, South Africa, and debottlenecked the company’s two existing polypropylene (PP) plants. An...
November 23, 2016
Speakers at the IHS Asia Chemical Conference, held in Singapore 9–11 November, addressed the major trends and challenges in Asia’s petrochemical industry, including from a feedstock and derivative perspective. China remains the key player in the region as a producer and consumer, speakers say....
November 23, 2016
LG Chem says it will invest $100 million to double the capacity of an acrylonitrile-butadiene-styrene (ABS) joint venture (JV) at Huizhou, China, and LG Chem will increase its stake in...
November 23, 2016
Huntsman has announced the appointment of J. Kimo Esplin as executive vice president (vp)/strategy and investment and the promotion of Sean Douglas to executive vp and chief financial...
November 23, 2016
The American Cleaning Institute (ACI) says AFPM vice president/petrochemicals Melissa Hockstad will replace long-standing president and CEO Ernie Rosenberg, effective 1 January 2017...
November 23, 2016
Honeywell has launched Honeywell Research Chemicals, a division that includes several brands and research chemicals businesses acquired from Sigma-Aldrich in December 2015. The unit...
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