IHS Chemical Week

The latest chemical industry news

IHS WPC 2015: Petchem margins to remain high in new oil environment

5:49 PM MDT | March 25, 2015 | Clay Boswell

Basic chemicals generated record earnings last year, but low crude oil prices have transformed the outlook for 2015 and beyond, according to Dave Witte, sr. v.p. and general manager at IHS Chemical. Supply curves have flattened, feedslates are heavier, and costs have dropped, reducing the competitive advantage of low-cost producers, he explains. The result is that margins have migrated downstream to consumers and away from feed-advantaged geographies and assets, he says....

IHS WPC 2015: ExxonMobil sees US petrochemical advantage as durable

6:45 PM MDT | March 25, 2015 | Robert Westervelt

“Changing oil prices have not changed the fact that shale production technologies have unlocked an abundant long-term supply of natural gas in the region,” says Matt Aguiar, senior v.p. at ExxonMobil Chemical. “US gas production has grown by 45% over the past six years. The nation has a nearly 100-year natural gas supply, and it’s still growing.”...

Evonik to invest €4 billion in R&D over next decade

Solvay hikes US hydrogen peroxide capacity to meet pulp and paper, electronics demand

BASF to expand effect pigments capacity in Germany

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>>


H.B. Fuller earnings fall on currency, full-year guidance reaffirmed

9:33 AM MDT | March 26, 2015 | Vincent Valk

H.B. Fuller has reported fiscal first-quarter net income down 34% year-on-year (YOY), to $9.7 million, or 19 cts/share, on net revenue down 3.2%, to $470.7 million. Adjusted earnings fell 39% YOY, to 30 cts/share. Revenues fell largely because of negative...


Reports: Evonik mulls acquiring Clariant

6:53 AM MDT | March 26, 2015 | Deepti Ramesh

Evonik Industries is considering acquiring Clariant in a deal valued at approximately 7.3 billion Swiss francs ($7.59 billion), the Financial Times reports, citing people familiar with the matter. When contacted by CW, Evonik said it does not comment on...

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. ...


Momentive appoints Langjin as distributor of GE construction sealants in China

12:05 AM MDT | March 26, 2015 | Deepti Ramesh

Momentive Performance Materials has appointed Langjin Silicones as the master distributor of GE construction sealants in China. Momentive is the exclusive licensee of GE sealants around the world. This master distributor relationship will enable greater...


Sahara to carry out turnaround at Al Waha; Samapco plans chlor-alkali, EDC maintenance

7:09 AM MDT | March 25, 2015 | Natasha Alperowicz

Sahara Petrochemicals Co. said today that it will carry out scheduled maintenance at its Al Waha propylene and polypropylene (PP) facility at Al Jubail. The turnaround will begin on 1 April and last 30 days. The financial impact will depend on the expected...


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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