IHS Chemical Week

The latest chemical industry news

Air Products wins contract from Aramco to build world's largest industrial gas complex

10:38 AM MDT | April 20, 2015 | Deepti Ramesh

Air Products says that it has been awarded a contract by Saudi Aramco to build and operate the world’s largest industrial gas complex. The total investment necessary to build the facility is about $2.1 billion, Air Products says....

Sika offers to buy out the family holding to thwart Saint-Gobain's offer

12:48 PM MDT | April 20, 2015 | Natasha Alperowicz

Sika’s board of directors is proposing that the company buy out the Burkhard-Schenker family’s 16.1% stake in Sika to thwart the proposed takeover by France’s Saint-Gobain, according to a Swiss newspaper report. Sika’s chairman, Paul...


Sabic's first-quarter profits, revenues decline on lower selling prices

Industries Qatar reports lower first-quarter net profit and revenue

BASF introduces technology to tackle counterfeit crop protection products in China

More Top of the News...

This week

Japan: Weaker yen, cheaper crude boost results as reforms advance

Japan’s chemical industry had a solid 2014 despite anemic conditions in the country’s overall economy. Large chemical makers gained despite Japan’s GDP declining 0.1%. Industry has offset domestic malaise through stronger exports since...read more>>

Americas

K+S awards additional contract for potash project in Canada

7:28 AM MDT | April 20, 2015 | Francinia Protti-Alvarez

Aecon Group (Toronto) has been awarded a contract by K+S (Kassel, Germany) for additional work on K+S's Legacy potash mining project in Saskatchewan. Work will begin in the second quarter of 2015 and is expected to be completed in the second quarter of 2016...

Europe

CB&I awarded contract to upgrade refinery in Russia

6:29 AM MDT | April 20, 2015 | Natasha Alperowicz

CB&I said today that it has been awarded a contract by NefteGazIndustriya, through project developer Maveg GmbH, to provide engineering and procurement services for the Afipsky Oil Refinery at Krasnodar, Russia. CB&I's project scope includes early...

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

Tosoh acquires in vitro diagnostics company in India

12:12 AM MDT | April 20, 2015 | Deepti Ramesh

Tosoh says that it has acquired in vitro diagnostics company Lilac Medicare (Navi Mumbai, India) in order to strengthen the company’s bioscience business via the growing Indian market. Lilac, which was established in 1997, manufactures and sells...

Mideast/Africa

Israel orders plant closures in Haifa over cancer scare

1:32 AM MDT | April 20, 2015 | Natasha Alperowicz

Israel’s largest refining and petrochemicals group, Oil Refineries Ltd. (ORL; Haifa), a part of Israel Corp., on Sunday was ordered by the mayor of Haifa to close five plants in the Haifa Bay area. This order follows a report showing high cancer rates...

Viewpoint

Asia olefins revamp

4:39 PM MDT | April 16, 2015

Japan’s chemical industry had a solid 2014 despite the anemic conditions in the broader Japanese economy. A weaker yen and cheaper crude, which has improved the relative competitiveness of Japan’s high-cost naphtha-based production, are the reasons for the improved performance (p. 21)....











 
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