IHS Chemical Week

The latest chemical industry news

Cefic cuts 2015 forecast, calls for level playing field on carbon emissions in upcoming ETS reforms

5:46 AM MDT | October 9, 2015 | Natasha Alperowicz in Brussels

Cefic, the European chemical industry association, said on Friday that it was cutting its growth forecast for the European chemicals industry from 1.5% to 1.0% in 2015, and expects only a modest 1.5% growth next year. Cefic president and Solvay CEO...

Cefic 2015: Europe's chemicals growth shows continuing weakness

5:58 AM MDT | October 9, 2015 | Natasha Alperowicz in Brussels

Cefic said in its chemicals trend update on Friday that European chemical output grew just 0.2% during the first seven months of 2015 compared with the same period of 2014, while producer prices fell 4.6% year-on-year (YOY). Sales were down 3.1% during...

Currency effects dent Givaudan's third-quarter sales

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

Jacobs Engineering to restructure around four business lines

More Top of the News...


Dow Chemical:
Transforming an industry leader

Dow Chemical enters a pivotal phase as it nears completion of an $8.5-billion divestiture program and prepares to ramp up operations at new investments in the Mideast and United States...read more>>


WestRock files with SEC for Ingevity spin-off

10:42 AM MDT | October 9, 2015 | Vincent Valk

WestRock Company (Norcross, GA) has filed with the US Securities and Exchange Commission (SEC; Washington) for the tax-free spin-off of Ingevity, formerly MeadWestvaco’s specialty chemicals business. When the spin-off is complete, expected in the...


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...


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...


DuPont under pressure

5:11 AM MDT | October 12, 2015 | —Robert Westervelt

Did DuPont chair and CEO Ellen Kullman win the battle against activist Trian Partners but lose the war?...

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