IHS Chemical Week

The latest chemical industry news

BASF raises third-quarter sales and earnings, unlikely to achieve 2015 targets

1:53 AM MDT | October 24, 2014 | Natasha Alperowicz

BASF today 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...

LyondellBasell third-quarter income up 48% YOY on Americas olefins and polyolefins

10:00 AM MDT | October 24, 2014 | Clay Boswell

LyondellBasell reports third-quarter net income of $1.257 billion, up 48% year-over-year (YOY) from $851 million. Sales totaled $12.066 billion, an 8% YOY increase from $11.152 billion. At $2.45, diluted earnings per share were well ahead of the analysts’ consensus estimate of $2.29 reported by Thomson Reuters....


Air Liquide's revenue boosted by growth in emerging markets

European leaders set ambitious climate, energy targets for 2030

EPA proposes to remove 72 chemicals from approved pesticide inert ingredient list

More Top of the News...


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This week

Latin America:
Are energy, legal, and financial reforms enough to satisfy the petrochemical industry’s needs?

Latin America offers distinct opportunities to the petrochemical industry. Energy reforms and legal and financial changes being introduced or planned in the leading economies—although at differing stages of development—form a key part of a framework that would guarantee access to competitively priced raw materials....read more>>

Americas

DuPont names executive v.p.'s, chief innovation offier to retire

9:25 AM MDT | October 24, 2014 | Lindsay Frost

DuPont has named James Collins and Matthew Trerotola as executive v.p.'s  and members of the company’s office of the chief executive, effective 1 December. The company has also announced that Thomas Connelly, executive v.p. and chief innovation officer, will retire at year end....

Europe

VCI: 'Highly ambitious' climate targets will result in weaker growth, reduced competitiveness

6:33 AM MDT | October 24, 2014 | Michael Ravenscroft

Germany’s chemical industry trade association VCI (Frankfurt) says that the target of a 40% reduction in greenhouse gas emissions agreed by European leaders is “highly ambitious.” The target will particularly effect emissions trading, which...

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...

Asia/Pacific

Petchems output soars in Singapore

8:32 AM MDT | October 24, 2014 | Ian Young

Output of petrochemicals in Singapore increased 12.8% in September compared with the same month last year, according to preliminary figures released today by the Singapore government via the Singapore Economic Development Board (EDB). The increase is partly...

Mideast/Africa

Petro Rabigh raises profits

5:50 AM MDT | October 23, 2014 | Natasha Alperowicz

Rabigh Refining and Petrochemical Co. (Petro Rabigh), a joint venture between Saudi Aramco and Sumitomo Chemical, has announced a major increase in profits for the third quarter and the first nine months of the year. Net profit in the third quarter rose to...

Viewpoint

No crude awakening

3:26 PM MDT | October 23, 2014

While a sharp drop in crude oil prices has increased near-term volatility, severe inventory destocking does not seem at hand....











 
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