IHS Chemical Week

The latest chemical industry news

Grupa Azoty to invest $450 million to build propane dehydrogenation plant in Poland

4:10 AM MDT | March 27, 2015 | Deepti Ramesh

Chemical company Grupa Azoty (Tarnów, Poland) says that it will invest 1.7 billion zlotych ($450 million) to build a propane dehydrogenation (PDH) plant near its existing facilities at Police, Poland. The investment is the largest in the company's...

IHS WPC 2015: ExxonMobil sees US petrochemical advantage as durable

6:45 PM MDT | March 25, 2015 | Robert Westervelt

“Changing oil prices have not changed the fact that shale production technologies have unlocked an abundant long-term supply of natural gas in the region,” says Matt Aguiar, senior v.p. at ExxonMobil Chemical. “US gas production has grown by 45% over the past six years. The nation has a nearly 100-year natural gas supply, and it’s still growing.”...


Russian petchems producer NKNK reports higher sales and earnings

Merck KGaA vice chairman to become new chairman?

Chevron to sell stake in Caltex Australia

More Top of the News...

This week

Petrochemicals: Falling crude prices complicate capital plans

North America’s natural gas and natural gas liquids (NGLs) remain cost advantaged, but with oil prices at half their previous level, the returns expected for some projects may not be as compelling or reliable as once thought. Add to these considerations the ongoing resource crunch created by so much construction, and incentive is growing to postpone final investment decisions or even cancel projects...read more>>

Americas

ICL to acquire remaining shares in Allana Potash

3:09 AM MDT | March 27, 2015 | Deepti Ramesh

Israel Chemicals Ltd. (ICL; Tel Aviv) today announced that it has entered into an agreement with Allana Potash (Toronto), a potash mining company whose shares are traded on the Toronto Stock Exchange, to acquire all the common shares of Allana. ICL currently...

Europe

Haldor Topsoe and Ferrostaal form joint venture

5:06 AM MDT | March 27, 2015 | Deepti Ramesh

Haldor Topsoe and construction and engineering firm Ferrostaal (Essen, Germany) today announced the establishment of Ferrostaal Topsoe Projects (Essen), a new equally owned joint venture that will develop, finance and execute major industrial projects in the...

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. ...

Asia/Pacific

Sika acquires Australian tile adhesives firm

1:07 AM MDT | March 27, 2015 | Deepti Ramesh

Sika (Baar, Switzerland) says that it has agreed to acquire Construction Technologies Australia (CTA; Crestmead), one of the leading suppliers of tile adhesives and associated mortar products in Australia. Financial details of the deal were not disclosed. CTA...

Mideast/Africa

Sipchem to halt production of acetic acid for plant turnaround

2:19 AM MDT | March 27, 2015 | Natasha Alperowicz

 Saudi International Petrochemical Co. (Sipchem) says it intends to stop production at its Al Jubail acetic acid plant to carry out regular maintenance. The facility will stop production on 1 April 2015 for 26 days during which time the company will...

Viewpoint

Petrochemical outlook

5:54 PM MDT | March 19, 2015

Global petrochemical makers are still sorting through a correction in energy markets. As CW’s cover story shows, North America’s natural gas and natural gas liquids (NGLs) remain strongly advantaged, but with oil prices at half their previous level, the returns expected for some projects may not be as compelling or reliable as they once were (p. 19)....











 
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