IHS Chemical Week

TOP STORIES

Aramco seeks to reduce stake in Indonesia refinery, petchem upgrade

4:00 AM MDT | August 26, 2016 | Sok Peng Chua

Saudi Arabian Oil Co. (Saudi Aramco) may want to reduce its stake in proposed upgrades to a refinery at Cilacap, Indonesia, including eventual increases in petrochemical capacity, IHS Energy understands. Saudi Aramco, under a joint agreement with sta...

Petchem earnings overtake energy profits for first time in Sibur's history

4:56 AM MDT | August 26, 2016 | Natasha Alperowicz

Sibur Holding (Moscow, Russia), an integrated gas-processing and petrochemicals company, on Friday published its results covering the first half of 2016....

Texas commission concludes Eastman-Westlake pipeline dispute, reduces allowed tariff rate

11:01 AM MDT | August 25, 2016 | Clay Boswell

The Texas Railroad Commission ruled on 24 August that Westlake Chemical Corp. cannot charge Eastman Chemical Co. a market-based price for using a common-carrier ethylene pipeline between Longview and Mont Belvieu, Texas, putting to rest a three-year-...

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FEATURES

ChemChina: The meteoric rise of a major Chinese chemicals player

China National Chemical Corp. (ChemChina; Beijing), China’s fastest-growing chemicals firm, has embarked on a massive expansion and restructuring plan, dubbed 3+1, which will shift the company’s focus to material science, life science, and advanced manufacturing
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LATEST NEWS

Americas

Berry Plastics to acquire AEP Industries

9:17 AM MDT | August 25, 2016 | Jing Chen

Berry Plastics Group Inc. (Evansville, Indiana) has agreed to acquire AEP Industries Inc. (Montvale, New Jersey) in a deal worth about $765 million including debt. Under the merger agreement, each AEP shareholder will elect to receive either $110 in cash or...

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Europe

Lanxess to double capacity of membranes plant at Bitterfeld

3:35 AM MDT | August 26, 2016 | Michael Ravenscroft in Bitterfeld

Lanxess membrane plant at Bitterfeld On the occasion of the five-year anniversary of the reverse-osmosis (RO) membrane plant at Bitterfeld-Wolfen, Germany, Lanxess AG has announced that it is to double production capacity in 2017. The expansion will create up...

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Same-Day Analysis

Petchem earnings overtake energy profits for first time in Sibur's history

11:38 AM MDT | August 26, 2016

Sibur Holding (Moscow, Russia) has profit for the first half of 2016 increased three-fold year-on-year (YOY), to 63.3 billion Russian rubles ($976.4 million). EBITDA rose 1.2%, to 65.4 billion rubles with petrochemicals recording a 36.8% rise YOY, to 39.6...

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Asia

JX Nippon, SK global chemical nominate September p-xylene contract price at $850

12:09 AM MDT | August 26, 2016 | Sok Peng Chua

Para-xylene (p-xylene) producers JX Nippon Oil & Energy Corp. (Tokyo, Japan) and SK global chemical Co. Ltd. (Seoul, South Korea) have separately nominated their September Asia contract price at $850 per metric ton CFR, sources close to the negotiation...

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Mid East

Sipchem's carbon monoxide plant resumes production

7:02 AM MDT | August 22, 2016 | Natasha Alperowicz

Saudi International Petrochemical Co. said Monday technical issues involving its carbon monoxide plant at Al-Jubail, Saudi Arabia, have been resolved and production is back to normal....

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