IHS Chemical Week

The latest chemical industry news

Albemarle, Rockwood courtship played out over 2 years

12:04 PM MDT | August 28, 2014 | Robert Westervelt

Four other specialty chemical makers had also expressed interest in all or part of Rockwood in recent months, according to a regulatory filing....

PTT Global Chemical raises stake in Vencorex PU JV with Perstorp

9:23 AM MDT | August 29, 2014 | Natasha Alperowicz

PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest petrochemicals producer, has confirmed CW’s exclusive report that it is raising the stake in Vencorex, its polyurethanes (PU) joint venture with Perstorp (Perstorp, Sweden). PTTGC announced...


Odebrecht's Ascent cracker project negotiates remediation agreement with WVDEP

Evonik sells remaining stake in energy group Steag

IHS: Global methanol demand to rise 80% by 2023, China to drive demand

More Top of the News...

This week

China still roars:
Double-digit chemical industry growth spurs more investments


China continues to drive growth in the worldwide chemical industry despite the country’s slower economy and the resurgence of the United States as a destination for petrochemical investments based on the shale gas revolution...read more>>

Americas

Petronas, YPF to develop uncoventional hydrocarbons in Argentina

10:10 AM MDT | August 29, 2014 | Francinia Protti-Alvarez

Petronas (Kuala Lumpur) and Yacimientos Petroliferos Fiscales (YPF; Buenos Aires) have signed an agreement covering the development of unconventional hydrocarbons in Neuquén Province, Argentina, YPF says. The project requires a total investment of $550...

Europe

AkzoNobel simplifies structure of performance coatings business

2:18 AM MDT | August 29, 2014 | Natasha Alperowicz

AkzoNobel has announced plans to simplify the structure of its performance coatings business. The new structure, which will become fully operational in January 2015, will reduce the number of global management layers. The business will be managed through...

news round-up

Chemical industry weekly news roundup, 29 August

Albemarle’s $6.2-billion acquisition of Rockwood Holdings was the result of an off-and-on 24-month courtship, according to a joint registration statement filed on Thursday by Albemarle and Rockwood. Discussions accelerated quickly in May and June as Rockwood M&A adviser Lazard pressed for bids and former Rockwood chairman and CEO Seifi Ghasemi prepared to retire from Rockwood...

Asia/Pacific

Keyuan Petrochemicals widens loss in second quarter

6:38 AM MDT | August 28, 2014 | Deepti Ramesh

Keyuan Petrochemicals (Ningbo, China) reports a net loss of about $1 million for the quarter ended 30 June compared with a net loss of $500,000 in the year-ago quarter due to a foreign exchange loss of $1.7 million as a result of the depreciation of the...

Mideast/Africa

Albemarle and ICL to form polymeric flame retardants JV

4:16 AM MDT | August 29, 2014 | Deepti Ramesh

Albemarle and Israel Chemicals Ltd. (ICL; Tel Aviv) today announced that they have entered into an agreement to establish a manufacturing joint venture to produce ICL's FR-122P polymeric flame retardant and Albemarle's GreenCrest polymeric flame retardant...

Viewpoint

China continues growing

4:39 PM MDT | August 28, 2014

China continues to drive demand growth in the worldwide chemical industry despite moderating GDP (p. 21). China’s chemical demand is still growing at a double-digit rate, pushing chemical companies inside and outside China to strive to capture that growth with more investments in the country....











 
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