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5:35 AM MST | February 9, 2016 | Francinia Protti-Alvarez
Israel Chemicals Ltd.'s (ICL; Tel Aviv) fourth-quarter 2015 net income was $96 million, up from $86 million one year earlier, mainly due to higher prices in the bromine value chain and operational-excellence initiatives. Ebitda totaled $334 million, up more...
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Kuwait Styrene Co. (Kuwait City), a joint venture between Kuwait Aromatics Co. and Dow Chemical and the only producer of styrene in Kuwait, on Tuesday announced a 23% decline in 2015 net profit to $97 million, compared with the year before. Despite a...
Saudi Kayan, a Sabic affiliate, on Monday reported large 2015 losses. Net loss rose to 1.243 billion Saudi riyals ($331.5 million) from a net loss of SR44.7 million in 2014. Operating loss was SR593.5 million compared with an operating profit of SR522.8...
Saudi International Petrochemical Co. (Sipchem; Al Jubail) said on Monday that it has completed the acquisition of Ikarus Petroleum Industries Co.’s (Shouweikh, Kuwait) stake in two of Sipchem’s affiliates: International Acetyl Co. and...
Industries Qatar (IQ; Doha), a conglomerate with interests in petrochemicals, fertilizers, and steel, reported a 30% decline in net profit to 4.4 billion Qatari riyal ($1.21 billion) in the year ended 31 December 2015 citing lower prices across all its...
Office Chérifien des Phosphates (OCP; Casablanca) has inaugurated a fertilizer production unit, named Africa Fertilizer Complex, at Jorf Lasfar, Morocco. OCP invested a total of 5.3 billion Moroccan dirham ($536.8 million) to build the fertilizer...
Advanced Petrochemical Co., a producer of polypropylene, has released its annual financial earnings results. Net profit in 2015 was 5.05% down at 713.03 million Saudi riyals ($190.11 million). Operating profit, however, edged up 1.01% to SR742.52 million...
Haldor Topsoe announced on Thursday that it has signed a contract with Badr-e-Shargh Petrochemical complex covering the license, engineering, proprietary equipment, materials and catalyst for a new methanol plant at Chabahar, Iran. It will be the first plant...
Linde and Mitsui & Co. are planning jointly to invest about $4 billion in petrochemical projects in Iran, according to Marzieh Shahdaie, director/projects at National Petrochemical Co. (Tehran), quoted in a report from the Iranian News Agency (IRNA)...
Sinopec says that, on 21 January, it broke ground on a research center at the Dhahran Techno Valley in Saudi Arabia. The center will focus on application technology research, technology promotion, and training Sinopec’s senior personnel, the company...
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