IHS Chemical Week

The latest chemical industry news

ExxonMobil Chemical earnings up 17% on flat volume

8:40 AM MDT | October 31, 2014 | Robert Westervelt

ExxonMobil posted third-quarter chemical earnings of $1.2 billion, up 17% from same year-ago quarter quarter on stronger commodity margins. Margins increased earnings by $210 million, with improved commodities realizations partly offset by weaker specialties...

Sinopec’s chemicals segment nine-month loss widens

12:10 AM MDT | October 31, 2014 | Deepti Ramesh

Sinopec’s chemicals segment reports an operating loss of 3.51 billion renminbi ($577 million) in the first nine months of 2014 compared with an operating loss of Rmb59 million in the first nine months of 2013. The chemicals segment reports a 1.5% rise...

Former DuPont CEO Holliday to become first American chairman of Royal Dutch Shell

EPA approves Texas GHG permitting program

Mitsubishi Chemical reports rise in profits, sales

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This week

Distributors make oil and gas plays, consolidate market

The distribution market continues to outpace overall chemical industry demand as outsourcing continues to expand...read more>>


PDVSA, Hess agree to sell refinery-petchems site in US Virgin Islands

10:10 AM MDT | October 31, 2014 | Francinia Protti-Alvarez

PDVSA (Caracas) and Hess Corp. (New York) have reached a tentative agreement to sell their 355,000- bbl/day Hovensa refinery at Saint Croix, US Virgin Islands, to Atlantic Basin Refining (ABR), according to a statement by the governor of the US Virgin...


Russia, Ukraine, EU agree on $4.6-billion winter gas-supply deal

6:29 AM MDT | October 31, 2014 | Ian Young

Russia and Ukraine have agreed on a $4.6-billion package covering supplies of natural gas from Russia to Ukraine in winter 2014-15 and settling Ukraine's debts to Russia for past gas supplies. The deal also enables gas supplies from Russia to the European...

news round-up

Chemical industry weekly news roundup, 24 October

Earnings season was in full swing this week as companies continued to report third quarter results. BASF reported a slight increase in third-quarter Ebitda to €2.52 billion ($3.19 billion) compared with €2.49 billion in the year-earlier quarter. Earnings before interest and tax (Ebit) before special items were 8.9% higher at €1.84 billion...


Ube records fall in sales

9:16 AM MDT | October 31, 2014 | Deepti Ramesh

Ube Industries reports no net profits for its fiscal first half ended 30 September, compared with a net profit of ¥6.6 billion ($59 million) in the year-ago period. Sales in the first half of the fiscal year decreased 1%, to ¥307.7 billion. During the...


TCI Sanmar to expand PVC complex in Egypt

4:55 AM MDT | October 31, 2014 | Natasha Alperowicz

TCI Sanmar Chemicals, part of Sanmar Group (Chennai, India), plans to expand its Port Said, Egypt based manufacturing complex, where it has already invested more than $1 billion. The existing complex is designed to produce 275,000 m.t./year of caustic soda...


Results still solid

4:30 PM MDT | October 30, 2014

Producers continue to post solid earnings reports with no indications that crude-fueled destocking will create year-end surprises (p. 6)....

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