IHS Chemical Week

The latest chemical industry news

Methanol Holdings (Trinidad) to become partner in Louisiana project

8:38 AM MST | December 19, 2014 | Natasha Alperowicz

G2X Energy (Houston) and Methanol Holdings (Trinidad) Ltd. (MHTL) announced on Thursday that MHTL intends to partner with G2X Energy to construct a previously announced, world-scale methanol-to-gasoline (MTG) production facility at Lake Charles, LA. G2X...

Sabic appoints chemicals executive to CFO

8:19 AM MST | December 19, 2014 | Natasha Alperowicz

Yousef Al Benyan  Sabic, the Mideast’s largest chemicals player and one of the global leading producers, has appointed Yousef Al Benyan as its new CFO, CW has learned. Sources tell CW that Al Benyan will be executive v.p./finance as of 11 January...

Petronas selects LyondellBasell Spherizone and Spheripol PP technology for Rapid project

DuPont files for performance chemicals spinoff

Ineos licenses polypropylene technology to China

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This week

Novozymes: Leading bioinnovation

Novozymes, the leading maker of enzymes globally, has grown solidly in recent years as it expanded into markets in household care, food and beverage, bioenergy, agriculture and feed, and pharma. Now, two new opportunities have the potential to become growth drivers. Demand for the company’s biomass conversion enzymes are forecast to grow now that the first cellulosic ethanol plants are finally coming online. Also, a major bioagriculture partnership with Monsanto holds tremendous potential to unlock value from farmers looking to boost yields
...read more>>


PPG to acquire automotive materials supplier

10:33 AM MST | December 19, 2014 | Vincent Valk

PPG Industries says it has entered into exclusive negotiations to acquire Revocoat (Saint-Just-en-Chaussée, France), a maker of sealants, adhesives, and dampers for the automotive sector, from Axson Group (Chassieu, France), a polymers formulator...


Mittelstand: Germany's constitutional court declares inheritance tax partly 'unconstitutional'

5:40 AM MST | December 19, 2014 | Michael Ravenscroft

Germany’s constitutional court, BVG (Karlsruhe) has declared in a ruling that the exemption rules in the inheritance tax code are in part unconstitutional and has given lawmakers a new deadline, 30 June 2016, to find a remedy. The BVG has, for the third...

news round-up

Chemical industry weekly news roundup, 12 December

US chemical output is set accelerate sharply through the end of the decade, exceeding the growth of the overall US economy, according to ACC’s Year End 2014 Chemical Industry Situation and Outlook, published this week. ACC forecasts a 3.7% US chemical output gain in 2015, up from 2% in 2014, and an even stronger gain of 3.9% for 2016. The forecast puts the US chemical industry on track to break the $1 trillion sales barrier by 2019...


PetroChina subsidiary selects UOP’s hydrogen purification technology for refinery in China

1:19 AM MST | December 19, 2014 | Deepti Ramesh

UOP, a Honeywell subsidiary, says that PetroChina Guangxi Petrochemical Co. (GXPC), a subsidiary of PetroChina, is using UOP process technology to purify hydrogen at a new refining complex at Qinzhou, Guangxi Province, China. With support from UOP’s...


Shell extends Evonik's distribution of GTL hardwaxes to emerging regions

2:56 AM MST | December 17, 2014 | Natasha Alperowicz

Evonik Industries has been appointed by Shell MDS (Malaysia)—the joint venture owner and the operator of the Shell middle distillate synthesis plant in Bintulu, Sarawak—as the new distribution of gas-to-liquid hardwaxes (GTL hardwaxes) in South...


Crude endings

3:06 PM MST | December 18, 2014

A sharp drop in crude prices continues to bring some year-end anxiety in what has been a very strong year for US chemical makers....

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