IHS Chemical Week

The latest chemical industry news

LyondellBasell CEO Gallogly to retire in early 2015

4:10 PM MDT | September 29, 2014 | Robert Westervelt

LyondellBasell’s supervisory board has formed a committee to choose Gallogly’s successor...

Showa Denko to stop producing ethyl acetate in Indonesia

7:30 AM MDT | September 30, 2014 | Deepti Ramesh

Showa Denko says it has decided to dissolve its Showa Esterindo Indonesia (Jakarta) joint venture and terminate its production of ethyl acetate in Indonesia as a result of the challenging business environment. Showa Esterindo Indonesia was established in 1997...


Consort Medical to acquire Aesica for $372 million

Hexcel to invest $250 million in its first carbon fiber plant in France

Brenntag acquires food ingredients distributor in Italy

More Top of the News...


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This week

European petrochemicals: Fighting to stay afloat

Europe remains one of the highest-cost production regions for petrochemicals. However, a robust supply of liquefied petroleum gas (LPG) from North America means that nonintegrated ethylene producers with flexible steam crackers have been able to improve their margins...read more>>

Americas

Frutarom acquires flavors and natural colors business of Montana SA in Chile and Peru

5:10 AM MDT | September 30, 2014 | Deepti Ramesh

Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says it will acquire the flavors and natural food colors division of Peruvian company Montana SA (Lima) for a cash payment of $28.5 million and the assumption of debt to the amount of...

Europe

Uralkali to appoint new CFO

12:15 AM MDT | September 30, 2014 | Natasha Alperowicz

Uralkali (Berezniki, Russia), one of the world’s largest potash producers, has announced that Viktor Belyakov has resigned from his position as CFO. Anton Vishanenko will act as the interim CFO until the next board meeting, scheduled for the end of...

news round-up

Chemical industry weekly news roundup, 5 September

Pembina (Calgary, AB) has chosen Portland, OR, as the site for a $500-million, 30,000-bbl/day propane export facility. The company has also agreed to acquire the Vantage pipeline system and Mistral Midstream’s share of the Saskatchewan Ethane Extraction Plant (SEEP) for a total of $650 million. Pembina expects to bring the so-called West Coast Terminal online in early 2018...

Asia/Pacific

Ube to dissolve Ube Board subsidiary

5:31 AM MDT | September 30, 2014 | Deepti Ramesh

Ube Industries says that it will dissolve its wholly owned Ube Board (Ube City, Japan) subsidiary by the end of March 2015. Ube Board, which was established in 1950 as Ube Slate Industries, is involved in the manufacturing, marketing, and installation of...

Mideast/Africa

Satorp to start supplying propylene to Advanced in October

1:33 AM MDT | September 30, 2014 | Natasha Alperowicz

Advanced Petrochemical Co. says it will begin receiving propylene from Saudi Aramco Total Refining and Petrochemicals Co. (Satorp; Al Jubail, Saudi Arabia) from 1 October, 2014. Advanced announced in August that it concluded a deal with Satorp to receive...

Viewpoint

Staying alive

4:46 PM MDT | September 25, 2014

Our cover features this week profile the European petrochemical sector as producers prepare for the European Petrochemical Association meeting at Vienna on 4–8 October....











 
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