IHS Chemical Week

The latest chemical industry news

Borealis and Agrifos to form JV for ammonia production project in US

2:53 AM MDT | May 21, 2015 | Deepti Ramesh

Borealis says that it has reached a preliminary agreement with Agrifos Partners (Miami Beach, FL), a project development company, to jointly develop a world-scale ammonia project through its Gulf Coast Ammonia (GCA) unit. GCA was formed by Agrifos Partners to...

Monsanto confirms plans to divest Syngenta's seeds business to gain takeover approval

3:07 AM MDT | May 21, 2015 | Natasha Alperowicz

Monsanto confirmed on Wednesday that it is working toward acquiring Syngenta, and its plans includes divesting all of Syngenta’s seeds and traits business, which had sales of $3.2 billion in 2014, to gain antitrust approval. Earlier this month...

Linde signs up to second phase of international CO2 research project

Japan's April production of aromatics falls from March

American GTL advances shale gas-to-liquids project, shortlists site

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This week

New CEO charts steady course

LyondellBasell’s fortunes have reversed dramatically in the past five years. LyondellBasell, hobbled by more than $24 billion in debt after the December 2007 combination of Basell and Lyondell, filed for bankruptcy in January 2009 as demand and margins...read more>>

IHS Chemical Week most read stories


Peltz won north of 40% of vote in DuPont board fight

4:26 PM MDT | May 20, 2015 | Vincent Valk

Trian Fund Management (New York) founder and CEO Nelson Peltz won about 43% of the vote in last week’s DuPont board election, according to preliminary results released yesterday. The results do not include shares voted with Trian’s proxy card, so...


Wacker opens silicones service laboratory in Moscow

5:51 AM MDT | May 21, 2015 | Natasha Alperowicz

Wacker on Thursday opened a new service laboratory in Moscow. The facility was opened by executive board member Auguste Willems and Christian Hartel, head of Wacker silicones in the presence of several customers. The facility will serve as a test lab for...

news round-up

Assessing crude's impact on Q4, January 23

Chemical industry financial analysts expect North American chemical companies to report solid fourth-quarter earnings, driven by lower raw material costs and solid demand, but the outlook for 2015 will be cautious. In research notes, the analysts cite a range of factors driving industry performance, but the recent collapse of crude oil pricing stands out. A majority of US chemical makers report are set to report fourth-quarter earnings over the next two weeks. ...


Toray to acquire remaining shares in former Woongjin Chemical for $112 million

12:50 AM MDT | May 22, 2015 | Deepti Ramesh

Toray Industries says that its wholly owned subsidiary Toray Advanced Materials Korea (TAK; Seoul) has launched another tender offer to acquire the remaining shares in Toray Chemical Korea (Seoul), formerly Woongjin Chemical. The total purchase price to...


Frutarom reports record first-quarter results, confirms targets

1:21 AM MDT | May 20, 2015 | Natasha Alperowicz

Flavors and fine ingredients firm Frutarom (Herzliya, Israel) on Wednesday reported a substantial rise in first-quarter sales and earnings, following a spree of acquisitions, including six this year. Sales were 7.8% higher year-on-year (YOY) at $194.2 million...


DuPont, Trian showdown

4:14 PM MDT | May 7, 2015

Trian’s bid to gain representation on DuPont’s board heads to a conclusion at the company’s annual meeting in Wilmington, DE, on 13 May (p. 7). DuPont seems to have lost some momentum in recent weeks as three proxy advisory firms, which guide decisions by pension funds and some other institutional investors, have endorsed Trian founder and CEO Nelson Peltz’s bid for a seat at DuPont....

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