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...


Showa Denko builds high-purity hydrogen fluoride plant in China

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

Mitsui & Co. enters into agreement with research center in Japan to develop new production methods for carbon fiber composite materials

2:00 AM MDT | April 21, 2015 | Deepti Ramesh

Mitsui & Co. says that it has entered into a cooperation agreement and an equipment lease agreement with the Innovative Composite Materials Research and Development Center (ICC; Hakusan, Japan) of the Kanazawa Institute of Technology (KIT), to carry out...

Mideast/Africa

Sipchem commissions PBT plant at Al Jubail

1:16 AM MDT | April 21, 2015 | Natasha Alperowicz

Saudi International Petrochemical Co. (Sipchem) today announced the startup of a polybutylene terephthalate (PBT) plant by its affiliate Sipchem Chemical Co. The 63,000 m.t./year facility, located at Al Jubail, Saudi Arabia, started up after undergoing...

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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