IHS Chemical Week

TOP STORIES

ACC: US and global chemical demand to accelerate in 2017

11:04 AM MST | December 8, 2016 | Robert Westervelt

US and global chemical output should accelerate in 2017 after subpar gains in 2016, according to ACC’s 2016 Year-end Situation and Outlook. US chemical production excluding pharma is on track to expand 1.6 percent this year, and 3.6 percent in ...

Evonik buys Huber's silica business in $630-million deal

9:06 AM MST | December 9, 2016 | Francinia Protti-Alvarez

Evonik has acquired the silica business of J.M. Huber (Edison, New Jersey) for $630 million. The deal enables Evonik 's silica business to expand in North America and Asia, Evonik says....

VCI: A mixed year for Germany's chemical industry

8:13 AM MST | December 8, 2016 | Michael Ravenscroft

German chemical production rose by 0.5% year over year (YOY) in 2016, but the growth was lower than had been anticipated, according to chemicals trade association VCI (Frankfurt). Excluding pharmaceuticals, production volume was stagnating, VCI sa...

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FEATURES

Albemarle: Betting big on lithium

Albemarle is banking on strong growth in lithium to power growth after notching a top position with the 2015 acquisition of Rockwood Holdings. The company is also aiming for solid growth in catalysts and cash generation in bromine and bromine derivatives such as polymer additives while shifting its organizational culture to position itself as a leading specialty chemical maker... read more »

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Momentive Performance Materials Goes with the Flow and Achieves Best in Class Performance in their Plant

Momentive Performance Materials Inc. (Momentive) is a global leader in silicones, quartz and ceramics, with a 70-year heritage of being first to market with performance applications for major industries that support and improve everyday life. This case study article highlights how supply chain excellence underpins its global manufacturing best practices.

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LATEST NEWS

Americas

PPG announces $190-million restructuring program

11:17 AM MST | December 9, 2016 | Vincent Valk

PPG announced Friday it is initiating a $190-million restructuring program, including cuts in operating, functional, and administrative costs. The cuts are expected to generate $120–130 million/year in savings by 2018, with $40–50 million of that...

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Europe

Benzene reaches yearly high in Europe, Asia in the driving seat

1:16 PM MST | December 8, 2016 | Caroline Fitzgerald

The ongoing surge in Asian benzene prices has prompted benzene to reach yearly highs in Europe, with current-month spot prices hitting $795-820/metric ton today. Mid-August was the last time benzene reached a yearly high in Europe as price levels rose to...

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Same-Day Analysis

One killed, two injured during maintenance of PET line

12:30 PM MST | December 9, 2016

One worker was killed and two others seriously injured on 6 December at DAK Americas’ Columbia site in Gaston, South Carolina, says parent Alpek (Monterrey, Mexico). Alpek did not provide specific details of the incident, which occurred during maintenance...

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Asia

Report: Asahi Glass in talks to acquire Vinythai as flurry of Solvay divestments continues

9:08 AM MST | December 8, 2016 | Francinia Protti-Alvarez

Asahi Glass (Tokyo, Japan) is working on acquiring Solvay's 58.8% stake in Vinythai (Bangkok, Thailand), a polyvinyl chloride (PVC) producer, according to a report from Japanese daily Nikkei. The deal would be valued at between ¥40 billion ($350.8...

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Mid East

Sipchem awards methanol plant enhancement contract to Korean firm

3:10 AM MST | December 9, 2016 | Natasha Alperowicz

Saudi International Petrochemical Co. (Sipchem) has announced that its affiliate, the International Methanol Co. (IMC), has signed a 542.6-million Saudi riyals ($144.7 million) contract with eTec E&C (Seoul, South Korea) to carry out the engineering, procurement, and construction for IMC's efficiency enhancement project....

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September 28-30 / Chicago, IL

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Sep 30 - Oct. 1 | Budapest, Hungary

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