IHS Chemical Week

The latest chemical industry news

Reichhold files for bankruptcy, may sell US business to bondholders

4:42 PM MDT | September 30, 2014 | Vincent Valk

Coatings and composites maker Reichhold Industries (Durham, NC) today filed for Chapter 11 bankruptcy protection in US Bankruptcy Court in the District of Delaware. As part of the filing, Reichhold will pursue a sale of its US business, with the...

Showa Denko to stop producing ethyl acetate in Indonesia

7:30 AM MDT | September 30, 2014 | Deepti Ramesh

Showa Denko says it has decided to dissolve its Showa Esterindo Indonesia (Jakarta) joint venture and terminate its production of ethyl acetate in Indonesia as a result of the challenging business environment. Showa Esterindo Indonesia was established in 1997...


Hexcel to invest $250 million in its first carbon fiber plant in France

Enterprise to double natural gas processing capacity in Delaware Basin

LyondellBasell CEO Gallogly to retire in early 2015

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This week

European petrochemicals: Fighting to stay afloat

Europe remains one of the highest-cost production regions for petrochemicals. However, a robust supply of liquefied petroleum gas (LPG) from North America means that nonintegrated ethylene producers with flexible steam crackers have been able to improve their margins...read more>>

Americas

Cabot, Westmoreland Coal to double capacity at Canada activated carbon site

9:56 AM MDT | September 30, 2014 | Vincent Valk

Cabot and Westmoreland Coal (Englewood, CO) say they are doubling capacity of activated carbon, to 70 million pounds, at their jointly owned site at Bienfait, SK. The new capacity will be online in 2016. The facility, which is operated by Westmoreland, is...

Europe

Uralkali to appoint new CFO

12:15 AM MDT | September 30, 2014 | Natasha Alperowicz

Uralkali (Berezniki, Russia), one of the world’s largest potash producers, has announced that Viktor Belyakov has resigned from his position as CFO. Anton Vishanenko will act as the interim CFO until the next board meeting, scheduled for the end of...

news round-up

Chemical industry weekly news roundup, 5 September

Pembina (Calgary, AB) has chosen Portland, OR, as the site for a $500-million, 30,000-bbl/day propane export facility. The company has also agreed to acquire the Vantage pipeline system and Mistral Midstream’s share of the Saskatchewan Ethane Extraction Plant (SEEP) for a total of $650 million. Pembina expects to bring the so-called West Coast Terminal online in early 2018...

Asia/Pacific

Ube to dissolve subsidiary

5:31 AM MDT | September 30, 2014 | Deepti Ramesh

Ube Industries says that it will dissolve a wholly owned subsidiary by the end of March 2015. The business, established in 1950, is involved in the manufacturing, marketing, and installation of panels/boards, corrugated panels, raised flooring, and...

Mideast/Africa

Satorp to start supplying propylene to Advanced in October

1:33 AM MDT | September 30, 2014 | Natasha Alperowicz

Advanced Petrochemical Co. says it will begin receiving propylene from Saudi Aramco Total Refining and Petrochemicals Co. (Satorp; Al Jubail, Saudi Arabia) from 1 October, 2014. Advanced announced in August that it concluded a deal with Satorp to receive...

Viewpoint

Staying alive

4:46 PM MDT | September 25, 2014

Our cover features this week profile the European petrochemical sector as producers prepare for the European Petrochemical Association meeting at Vienna on 4–8 October....











 
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