IHS Chemical Week

The latest chemical industry news

Dow to merge chlor-alkali and derivatives with Olin in deal valued at $5 billion

1:37 PM MDT | March 27, 2015 | Deepti Ramesh

Dow Chemical has definitively agreed to merge most of its chlor-alkali and downstream derivatives business with Olin in a transaction that values the business at $5 billion. The terms of the agreement call for Dow to separate its US Gulf Coast chlor-alkali...

IHS WPC: Basic chemical capacity to grow 4%/year this decade

8:31 AM MDT | March 27, 2015 | Clay Boswell

Demand for key basic chemicals has surged since the financial crisis of 2008-2009, but imbalances in supply and demand have emerged that will shape margins through the end of the decade, says Mark Eramo, v.p./global chemical insights at IHS Chemical. Ethylene and vinyls are set to benefit, but methanol could be challenged....


Chemical industry workers in Germany to get 2.8% pay rise

PetroChina’s chemicals business loss narrows

Grupa Azoty to invest $450 million to build PDH plant in Poland

More Top of the News...

This week

Petrochemicals: Falling crude prices complicate capital plans

North America’s natural gas and natural gas liquids (NGLs) remain cost advantaged, but with oil prices at half their previous level, the returns expected for some projects may not be as compelling or reliable as once thought. Add to these considerations the ongoing resource crunch created by so much construction, and incentive is growing to postpone final investment decisions or even cancel projects...read more>>

Americas

Airgas to construct ASU near steel plant in Alabama

10:12 AM MDT | March 27, 2015 | Vincent Valk

Airgas says it is building a new air separation unit (ASU) to produce tonnage oxygen, nitrogen, and argon for a Nucor plant in Tuscaloosa, AL. The ASU will supply Nucor’s plant via pipeline. It will come onstream in spring 2017 and will also supply...

Europe

BASF appoints new president of oil & gas and Wintershall subsidiary

2:19 PM MDT | March 27, 2015 | Natasha Alperowicz

BASF said today that Mario Mehren, member of the board of executive directors of Wintershall (Kassel, Germany) responsible for exploration & production/Russia, North Africa and South America, has been named president of BASF’s oil & gas division...

news round-up

Assessing crude's impact on Q4, January 23

Chemical industry financial analysts expect North American chemical companies to report solid fourth-quarter earnings, driven by lower raw material costs and solid demand, but the outlook for 2015 will be cautious. In research notes, the analysts cite a range of factors driving industry performance, but the recent collapse of crude oil pricing stands out. A majority of US chemical makers report are set to report fourth-quarter earnings over the next two weeks. ...

Asia/Pacific

Sika acquires Australian tile adhesives firm

1:07 AM MDT | March 27, 2015 | Deepti Ramesh

Sika (Baar, Switzerland) says that it has agreed to acquire Construction Technologies Australia (CTA; Crestmead), one of the leading suppliers of tile adhesives and associated mortar products in Australia. Financial details of the deal have not been...

Mideast/Africa

Sipchem to halt production of acetic acid for plant turnaround

2:19 AM MDT | March 27, 2015 | Natasha Alperowicz

Saudi International Petrochemical Co. (Sipchem) says it intends to stop production at its Al Jubail acetic acid plant to carry out regular maintenance. The facility will stop production on 1 April for 26 days, during which the company will work to improve...

Viewpoint

Petrochemical outlook

5:54 PM MDT | March 19, 2015

Global petrochemical makers are still sorting through a correction in energy markets. As CW’s cover story shows, North America’s natural gas and natural gas liquids (NGLs) remain strongly advantaged, but with oil prices at half their previous level, the returns expected for some projects may not be as compelling or reliable as they once were (p. 19)....











 
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