IHS Chemical Week

The latest chemical industry news

ExxonMobil Chemical earnings up 17% on flat volume

8:40 AM MDT | October 31, 2014 | Robert Westervelt

ExxonMobil posted third-quarter chemical earnings of $1.2 billion, up 17% from same year-ago quarter quarter on stronger commodity margins. Margins increased earnings by $210 million, with improved commodities realizations partly offset by weaker specialties...

Sinopec’s chemicals segment nine-month loss widens

12:10 AM MDT | October 31, 2014 | Deepti Ramesh

Sinopec’s chemicals segment reports an operating loss of 3.51 billion renminbi ($577 million) in the first nine months of 2014 compared with an operating loss of Rmb59 million in the first nine months of 2013. The chemicals segment reports a 1.5% rise...


Former DuPont CEO Holliday to become first American chairman of Royal Dutch Shell

EPA approves Texas GHG permitting program

Mitsubishi Chemical reports rise in profits, sales

More Top of the News...


Chemical Week 100 anniversary timelineLaunch timeline

This week

Distribution:
Distributors make oil and gas plays, consolidate market

The distribution market continues to outpace overall chemical industry demand as outsourcing continues to expand...read more>>

Americas

PDVSA, Hess agree to sell refinery-petchems site in US Virgin Islands

10:10 AM MDT | October 31, 2014 | Francinia Protti-Alvarez

PDVSA (Caracas) and Hess Corp. (New York) have reached a tentative agreement to sell their 355,000- bbl/day Hovensa refinery at Saint Croix, US Virgin Islands, to Atlantic Basin Refining (ABR), according to a statement by the governor of the US Virgin...

Europe

Russia, Ukraine, EU agree on $4.6-billion winter gas-supply deal

6:29 AM MDT | October 31, 2014 | Ian Young

Russia and Ukraine have agreed on a $4.6-billion package covering supplies of natural gas from Russia to Ukraine in winter 2014-15 and settling Ukraine's debts to Russia for past gas supplies. The deal also enables gas supplies from Russia to the European...

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

Ube records fall in sales

9:16 AM MDT | October 31, 2014 | Deepti Ramesh

Ube Industries reports no net profits for its fiscal first half ended 30 September, compared with a net profit of ¥6.6 billion ($59 million) in the year-ago period. Sales in the first half of the fiscal year decreased 1%, to ¥307.7 billion. During the...

Mideast/Africa

TCI Sanmar to expand PVC complex in Egypt

4:55 AM MDT | October 31, 2014 | Natasha Alperowicz

TCI Sanmar Chemicals, part of Sanmar Group (Chennai, India), plans to expand its Port Said, Egypt based manufacturing complex, where it has already invested more than $1 billion. The existing complex is designed to produce 275,000 m.t./year of caustic soda...

Viewpoint

Results still solid

4:30 PM MDT | October 30, 2014

Producers continue to post solid earnings reports with no indications that crude-fueled destocking will create year-end surprises (p. 6)....











 
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