IHS Chemical Week

The latest chemical industry news

Superior Plus acquires Canexus in deal valued at C$932 million

11:02 AM MDT | October 6, 2015 | Jing Chen with Brian Balboa

Superior Plus (Toronto) has announced plans to acquire sodium chlorate and chlor-alkali maker Canexus (Calgary, AB) in a deal valued at C$932 million ($714 million) including debt. Canexus shareholders will receive 0.153 of a Superior share, a value at...

Invista to shut down Orange, TX, adipic acid plant, lay off 75 workers (Updated)

10:16 AM MDT | October 6, 2015 | Clay Boswell

Invista says it is restructuring its Orange, TX, site to improve its competitiveness. The company’s plans include shutting down the site’s 215,000-m.t./year adipic acid plant and laying off 75 of the site’s 600 workers....

Covestro shares rise 10% on stock market debut

DuPont CEO Kullman to retire

EPCA 2015: Production at Total's Carling cracker ends Monday, decision next year on Qatar debottlenecking

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Chemical giant begins a new chapter

Ineos, in its 17 years of existence, has risen to become one of the world’s largest chemical companies. Sales in 2014 were $54 billion, and, together with joint ventures, the company has about 20,000 employees. Ineos was founded and is majority-owned by entrepreneur Jim Ratcliffe...read more>>


EPA's announcement to strengthen ozone standard met with opposition

2:12 PM MDT | October 6, 2015 | Jing Chen

US EPA’s plans to strengthen the National Ambient Air Quality Standards (NAAQS) for ground-level ozone to 70 parts per billion (ppb), from 75 ppb, has met with industry opposition.  While the EPA says that the new standards, announced 2 October...


Jacobs awarded contract for Nippon Shokubai SAP expansion in Belgium

5:51 AM MDT | October 6, 2015 | Deepti Ramesh

Jacobs Engineering says that it has been awarded a contract by Nippon Shokubai for detailed engineering, procurement, and construction management services for the previously announced expansion of the company’s superabsorbent polymer (SAP) plant and a...

news round-up

Air Products to spin off materials technologies

Air Products plans to spin off its electronics and performance materials segment to shareholders via a tax-free spin-off. The materials technologies segment, which accounts for roughly 20% of Air Products revenue, had 2014 sales of $2.1 billion and adjusted Ebitda of $521 million.


India to reduce emission intensity

2:41 AM MDT | October 5, 2015 | Deepti Ramesh

The Ministry of Environment, Forest and Climate Change (MoEFCC; New Delhi) announced on 2 October that India will reduce its carbon emission intensity of its GDP by 33–35% by 2030 compared with 2005 levels. India will also create a carbon sink of...


Petro Rabigh invites bids for polyether polyols complex, begins lengthy turnaround

1:29 AM MDT | October 5, 2015 | Natasha Alperowicz

Petro Rabigh, a joint venture between Saudi Aramco and Sumitomo Chemical, on Monday is launching a tender for the engineering, material supply, and construction work for three new facilities, which will form part of Petro Rabigh II at Rabigh, Saudi Arabia...


Spin it off

8:35 AM MDT | September 28, 2015 | —Robert Westervelt

Air Products and Ashland join the chorus of companies who gone down the tax-free spin-off divestment route ( p. 9). This is obviously not a unique or new option. Eastman Chemical is and Solutia and Arch Chemical were the products of tax-free spins to shareholders....

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