IHS Chemical Week

The latest chemical industry news

Report: Fidelity stepping in to resolve DuPont proxy fight

10:54 AM MDT | March 30, 2015 | Vincent Valk

Investment firm Fidelity (Boston) has stepped in to urge a solution to the proxy battle between DuPont and activist hedge fund Trian Fund Management (New York), according to a Reuters report. Trian disclosed in an SEC filing last week that it had been...

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...

DSM completes acquisition of Chinese vitamin C producer Aland

LG Chem to invest $100 million to expand TFT-LCD polarizer production in China

GPCA appoints Adnoc's director of petrochemicals as new chairman

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>>


Carlyle to sell additional Axalta shares

3:26 PM MDT | March 30, 2015 | Vincent Valk

Private equity firm The Carlyle Group (Washington, DC) has announced it is selling 35 million shares in Axalta in a secondary offering. The exact timing and price of the offering have not been disclosed. Carlyle currently owns about 74.1% of Axalta, and will...


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. ...


Sumitomo Chemical to integrate agricultural chemicals and biorational businesses

2:35 AM MDT | March 31, 2015 | Deepti Ramesh

Sumitomo Chemical today announced that it will integrate its agricultural chemicals business with the company’s biorational business operations, effective 1 April, in order to strengthen its global crop protection business. Until now, the group’s...


Sipchem preparing to startup PBT complex

12:49 AM MDT | March 31, 2015 | Natasha Alperowicz

Saudi International Petrochemical Co. (Sipchem), following an announcement end of last year about its plan to commission some of the process units within the polybutylene terephthalate (PBT) complex, operated by affiliate Sipchem Chemicals Co. at Al Jubail...


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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