IHS Chemical Week

The latest chemical industry news

Sabic restructures portfolio, creates specialties SBU, innovative plastics, performance chemicals to disappear

8:57 AM MDT | October 8, 2015 | Natasha Alperowicz

Sabic on Thursday announced it is undertaking a global transformation aimed at creating a more agile, cost-efficient, and customer-focused organization that meets their needs more effectively. The company’s new structure is expected to be in place by 1...

Monsanto misses estimates, plans layoffs and sugarcane exit

8:37 AM MDT | October 7, 2015 | Rebecca Coons

Faced with slumping agricultural markets, seed giant Monsanto has announced a restructuring program that includes 2,600 layoffs—approximately 12% of its global workforce—in a quarterly earnings report that includes a wider year-on-year loss and a disappointing forecast for 2016....

Jacobs Engineering to restructure around four business lines

LyondellBasell's Equistar declares force majeure on all PP products

US imports, exports of benzene down in August

More Top of the News...


Chemical giant begins a new chapter

Ineos, in its 17 years of existence, has risen to become one of the world’s largest chemical companies. Sales in 2014 were $54 billion, and, together with joint ventures, the company has about 20,000 employees. Ineos was founded and is majority-owned by entrepreneur Jim Ratcliffe...read more>>


Deinove appoints chief business officer, who will focus on North America

11:56 PM MDT | October 8, 2015 | Deepti Ramesh

Deinove (Montpellier, France), a biotech company developing processes for producing biofuels and biobased chemicals by using Deinococcus bacteria as host strains, says that Dennis McGrew joins the company’s executive committee as chief business officer...


Ashland signs distribution deals in Europe

11:41 PM MDT | October 8, 2015 | Deepti Ramesh

Ashland says that its Ashland Performance Materials business unit has appointed Kemi-Intressen (Solna, Sweden), a company of the Nordmann Rassmann (Hamburg, Germany) group, as its new distributor for Denmark, Iceland, Norway, and Sweden. The distribution...

news round-up

Air Products to spin off materials technologies

Air Products plans to spin off its electronics and performance materials segment to shareholders via a tax-free spin-off. The materials technologies segment, which accounts for roughly 20% of Air Products revenue, had 2014 sales of $2.1 billion and adjusted Ebitda of $521 million.


Reports: Saudi Aramco to buy stake in CNPC refinery for over $1 billion

12:57 AM MDT | October 9, 2015 | Deepti Ramesh

Saudi Aramco is in discussions with China National Petroleum Corp. (CNPC; Beijing), the parent of PetroChina, to acquire a stake in one of CNPC’s refineries, as well as retail assets, in a deal that could be worth $1 billion-$1.5 billion, says press...


Oman prequalifies E&C firms to build ammonia plant

11:56 PM MDT | October 7, 2015 | Natasha Alperowicz

Salalah Methanol Co. (SMC) has prequalified eight engineering & construction firms to build a previously announced ammonia plant in the Salalah Free Zone of Oman. The facility will be designed to produce 1,000 m.t./day and use hydrogen purge gas fed from...


Spin it off

8:35 AM MDT | September 28, 2015 | —Robert Westervelt

Air Products and Ashland join the chorus of companies who gone down the tax-free spin-off divestment route ( p. 9). This is obviously not a unique or new option. Eastman Chemical is and Solutia and Arch Chemical were the products of tax-free spins to shareholders....

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