IHS Chemical Week

The latest chemical industry news

Bayer formally launches polymers unit as Covestro

10:05 AM MDT | September 1, 2015 | Natasha Alperowicz

Bayer MaterialScience has been renamed Covestro as of 1 September. Bayer plans to float Covestro on the stock market by mid-2016 at the latest in order to focus on its life sciences businesses. Bayer says Covestro is legally and economically independent, but...

BP licenses technology for world-scale PTA plant in Oman

8:45 AM MDT | August 31, 2015 | Natasha Alperowicz

BP said on Monday that it has agreed to license its latest-generation purified terephthalic acid (PTA) technology to Oman International Petrochemical Industries Co. (Ompet), a joint venture among Oman Oil Co. (Muscat), LG International Corp (Seoul), and...

Syngenta receives US approval for blockbuster fungicide Solatenol

AkzoNobel to build pilot plant for coating resins in UK

Malaysian firm to close down fertilizer plant on reduced demand

More Top of the News...


Opportunities for the chemical industry despite economic slowdown

The Chinese economy is expected to decelerate further in the near future with the government now focused on moderate but sustainable growth. Chemical multinationals report that their revenues from China have fallen or stagnated. But, chemical investments in the country are continuing partly because the Chinese government’s emphasis on areas such as sustainable urbanization and environmental protection, as well as its multiple infrastructure projects, are expected to provide huge business opportunities for chemical companies...
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Ashland completes technology acquisition from AkzoNobel

11:03 AM MDT | September 1, 2015 | Vincent Valk

Ashland has completed its acquisition of cellular fraction isolation technology, called Zeta Fraction, from AzkoNobel, in a deal that was announced in July. Terms of the transaction, including purchase price, were not disclosed. The technology will be used in...


AMRI collaborates with Slovakia-based Saneca Pharmaceuticals for opium-derived APIs

1:33 AM MDT | September 1, 2015 | Deepti Ramesh

Albany Molecular Research Inc. (AMRI; Albany) says that it will collaborate with Saneca Pharmaceuticals (Hlohovec, Slovakia), focused on developing, manufacturing, and marketing a portfolio of opium-derived active pharmaceutical ingredients (APIs). The...

news round-up

Univar floats as Axiall-Lotte cracker plans resurface, June 19

Univar priced an initial public offering of 35 million shares at $22.00 on 18 June, raising $770 million for the company and selling stockholders. Interest from investors was strong, allowing the company to increase the size of the offering by 75%, to 35 million shares, says Univar CEO Erik Fyrwald.


Sun Pharma completes acquisition of GSK’s opiates business in Australia

12:56 AM MDT | September 1, 2015 | Deepti Ramesh

Sun Pharmaceutical Industries (Mumbai) says that it has completed the previously announced acquisition of GlaxoSmithKline’s opiates business in Australia. The plans for the acquisition were announced in March. This acquisition, with two opiates...


Reports: Indian Oil plans $3-billion petchems complex in Iran

5:08 AM MDT | August 31, 2015 | Natasha Alperowicz

Indian Oil Corp. (New Delhi), India’s second-largest petrochemicals company, behind Reliance Industries, is planning to invest $3 billion in a petrochemicals manufacturing complex in Iran, according to Bloomberg, citing people familiar with the...


China slowdown

5:23 PM MDT | August 27, 2015

Our cover story by Deepti Ramesh features a timely assessment of prospects in China (p. 23). Concern about a slowdown there coupled with dropping energy prices is roiling global capital, resource, and commodity markets (p. 7)....

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