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November 6, 2015
Brazil's chemical sector had its worst third quarter in nine years, with negative trends in production volume, domestic sales, and national demand indices, according to Abiquim...
http://www.chemweek.com/sections/business_finance/usa_americas/Brazilian-industry-reports-worst-third-quarter-in-nine-years_75013.html
November 6, 2015
Braskem says that it has extended a contract for supplying naphtha from Petrobras for 45 days, until 15 December. Braskem and Petrobras have been attempting since 2013 to agree to a...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-Petrobras-extend-naphtha-agreement-by-45-days_75014.html
November 6, 2015
TPG Capital Management (Fort Worth, TX) is mulling a sale or initial public offering of Nexeo Solutions (Woodlands, TX), according to media reports. The potential deal has been valued...
http://www.chemweek.com/sections/business_finance/usa_americas/Reports-TPG-mulls-sale-or-IPO-for-Nexeo_75015.html
November 6, 2015
DuPont plans to merge its packaging and industrial polymers business unit with performance polymers and combine protection technologies and building innovations. The consolidated...
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-to-consolidate-business-lines-within-polymers-and-safety_75026.html
November 6, 2015
Renewable oils firm Solazyme (South San Francisco, CA) and Bunge (White Plains, NY) have expanded their joint venture to include food ingredients. The ingredients will be produced at a...
http://www.chemweek.com/sections/business_finance/usa_americas/Solazyme-and-Bunge-expand-algae-oils-venture-into-food_75027.html
November 6, 2015
Earnings reported by commodity producers last week suggest that profitability during the third quarter turned on a race lower between product prices and feedstock costs. Chemours...
http://www.chemweek.com/sections/business_finance/usa_americas/Feedstock-costs-product-prices-set-commodity-earnings_75048.html
November 6, 2015
North American specialty chemical producers mostly beat analyst expectations last week, despite falling earnings and sales. The impact of the strong US dollar and weak energy markets...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialties-firms-beat-estimates-despite-earnings-declines_75050.html
November 6, 2015
Fertilizer producers generally posted weaker results in the third quarter, as sluggish demand for potash has slashed volumes, leading to higher production costs. Fertilizer prices have...
http://www.chemweek.com/sections/business_finance/usa_americas/Fertilizer-earnings-mixed-on-weak-potash-demand_75051.html
November 6, 2015
Celanese plans to close its vinyl acetate ethylene (VAE) emulsions production units at Meredosia, IL, by 15 December. The company will supply North American emulsions customers through...
http://www.chemweek.com/sections/business_finance/usa_americas/Celanese-to-close-Meredosia-vinyl-acetate-ethylene-plant_75052.html
November 6, 2015
Williams has signed a long-term agreement to supply propylene from its planned propane dehydrogenation (PDH) plant near Edmonton, AB, to North American Polypropylene (NAPP), which...
http://www.chemweek.com/sections/business_finance/usa_americas/Williams-Edmonton-PDH-to-supply-co-located-PP-plant_75053.html
November 2, 2015
Third-quarter results of diversified and commodity chemical producers indicate that difficult market conditions prevailed. DuPont continued to struggle with currency headwinds...
http://www.chemweek.com/sections/business_finance/usa_americas/Challenging-quarter-for-commodities-diversifieds_74832.html
November 2, 2015
DuPont interim chair and CEO Ed Breen says the company is prepared to do a deal in agriculture as a cyclical downturn in seeds and crop protection chemicals has other ag majors, including Dow Chemical and Monsanto, looking for opportunities to consolidate....
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-considers-ag-deal-as-majors-mull-consolidation_74847.html
October 30, 2015
Air Products says it is spending $350–400 million to build a steam methane reformer (SMR) to produce hydrogen and carbon monoxide at Baytown, TX. The facility will be connected...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Products-to-build-Texas-hydrogen-facility-signs-helium-supply-deal_74834.html
October 30, 2015
Calgon Carbon has announced changes to its leadership and reporting structure, effective 1 January 2016. The company will be organized in two reporting segments: advanced materials...
http://www.chemweek.com/sections/business_finance/usa_americas/Calgon-Carbon-shuffles-leadership-segments_74835.html
October 30, 2015
North American industrial gases firms report third-quarter earnings that mostly declined year-on-year (YOY) since weakness in the manufacturing sector and negative currency impacts dragged down results. However, companies beat Wall Street expectations, as volumes to less-cylical end markets, such as food, beverage and health care, grew....
http://www.chemweek.com/sections/business_finance/usa_americas/Gases-results-mostly-down-on-manufacturing-demand_74836.html
October 30, 2015
ACC’s global chemical regional production index (global CPRI) showed positive growth as the global economy ended the third quarter. The Global CPRI rose 0.3% on a three-month moving...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-global-chemical-production-index-shows-growth-in-third-quarter_74843.html
October 30, 2015
Most specialty chemical producers grew earnings and beat analysts’ expectations at the end of October despite lower sales. The strong US dollar and weakness in China and some...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialties-results-hold-up-despite-difficulties_74844.html
October 30, 2015
Styrolution has suspended developing an acrylonitrile butadiene styrene (ABS) joint venture with Braskem, citing current market conditions in Brazil and the rest of South America...
http://www.chemweek.com/sections/business_finance/usa_americas/Styrolution-puts-ABS-JV-with-Braskem-on-hold_74845.html
October 30, 2015
Elevance Renewable Sciences (Woodbridge, IL) has named Tony Parnell, formerly a sales and supply chain executive at Albemarle, CEO effective 23 October. He replaces founding chief...
http://www.chemweek.com/sections/business_finance/usa_americas/Elevance-appoints-former-Albemarle-exec-as-CEO_74846.html
October 30, 2015
The US Senate has joined the House of Representatives in passing legislation that gives railroads three more years to implement positive train control (PTC). The bill still awaited the...
http://www.chemweek.com/sections/business_finance/usa_americas/US-Congress-approves-extension-of-PTC-deadline_74848.html
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