IHS Chemical Week

The latest chemical industry news

LyondellBasell plans worldscale PO/TBA plant for US Gulf Coast

9:40 AM MDT | August 25, 2014 | Clay Boswell

LyondellBasell Industries plans to build a world-scale propylene oxide (PO)/tert-butyl alcohol (TBA) plant on the Texas Gulf Coast, with start-up planned for 2019. PO from the plant will support growing demand for polyurethanes, while TBA and derivatives will supply producers of high-octane gasoline, synthetic rubber, and lubricant additives....

Sinopec’s chemicals business loss widens

8:17 AM MDT | August 26, 2014 | Deepti Ramesh

Sinopec’s chemicals business reports an operating loss of 3.96 billion renminbi ($645 million) in the first six months of 2014 compared with a loss of Rmb409 million in the first six months of 2013 due to fierce competition in the domestic market and...


Lower gas supply to reduce production at Methanex plants in Trinidad

Agrium acquires agricultural biotech firm Agricen

Reliance Industries plans turnaround at its largest cracker

More Top of the News...

This week

Canada:
A better year than expected


Canada’s chemical producers expected 2014 to be a difficult year, but they may have been overly cautious. Although recent earnings reports present a mixed picture, the industry as a whole had a good first half, according to data from the Chemistry Industry Association of Canada (CIAC)....read more>>

Americas

DSM Nutritional Products invests $30 million to expand facility in Canada

1:17 AM MDT | August 27, 2014 | Deepti Ramesh

DSM Nutritional Products says that it will invest at least $30 million to upgrade and expand its omega-3 production facility at Mulgrave, NS. This will build on its earlier investments in the nutritional lipids category through the acquisition of Ocean...

Europe

Turkmengas breaks ground on gas-to-gasoline plant based on novel technology

1:50 AM MDT | August 26, 2014 | Natasha Alperowicz

Haldor Topsoe is providing its novel Topsoe Improved Gasoline Synthesis (Tigas) technology to Turkmengas (Ashgabad) for a natural gas-to-gasoline plant being constructed at Ovadan-Depe, Turkmenistan. The plant will have capacity for 15,500 bbl/day of...

news round-up

Chemical industry weekly news roundup, 22 August

Coatings maker Axalta has filed with the US Securities and Exchange Commission (SEC; Washington) for an initial public offering (IPO) of an undetermined value, according to regulatory filings. The filing, which consists of a preliminary prospectus, did not specify the timing of a potential IPO, or the price or number of shares in the offering. Axalta says it will use and any proceeds from an IPO to pay down debt...

Asia/Pacific

Merck KGaA breaks ground on pharmaceutical facility in China

4:36 AM MDT | August 27, 2014 | Deepti Ramesh

Merck KGaA says that its biopharmaceutical division, Merck Serono (Darmstadt, Germany), today held a groundbreaking ceremony for its previously announced new pharmaceutical manufacturing facility at Nantong, China. The plant is located in the Nantong...

Mideast/Africa

Acquisitions help lift Frutarom's revenues and earnings

2:48 AM MDT | August 20, 2014 | Natasha Alperowicz

Frutarom (Haifa, Israel), a producer of flavors and fragrances, today reported second-quarter net income rose 44.5%, to $25.5 million, on 29% higher sales of $218.1 million. Ebitda was 33.5% higher, at $43.4 million. The flavors segment reports sales of...

Viewpoint

Canada outlook warms up

3:39 PM MDT | August 14, 2014

Our cover story this week assesses conditions in Canada, finding that producers up north have outperformed cautious expectations so far in 2014....











 
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