IHS Chemical Week

Frutarom acquires Florida-based Scandia Citrus

9:39 AM MDT | July 29, 2015 | Deepti Ramesh

Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says that it has acquired Scandia Citrus (Lakeland, FL), which specializes in the R&D, manufacture, and sales of specialty solutions in the field of citrus for global customers in...

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Exclusive: Kuwait CEO confirms petchem plans in Kuwait, talks with OPaL in India

Kuwait’s Petrochemical Industries Corp. (PIC; Kuwait City), wholly owned by Kuwait Petroleum Corp., is at an advanced stage of a feasibility study for a petrochemicals and aromatics project, which will be built alongside a new 650,000-bbl/day refinery...

Arab Potash Co. raises profits, approves expansion

Arab Potash Co.’s (APC; Amman) sales revenues in the first six months were 263.8 million Jordanian dinars ($372.3 million) compared with JD278.2 million in the same period last year. Consolidated profits before tax amounted to JD75.7 million compared...

Sabic's second-quarter profits and sales down, signs agreement to access US shale gas

Sabic on Sunday reported a 4.5% drop in second-quarter profit, to 6.17 billion Saudi riyals ($1.65 billion), citing lower prices. Operating profit was down 7.3%, to SR9.33 billion. Net income for the first six months of this year was down 13%, to SR10.1...

Petro Rabigh's profits rise substantially

Rabigh Refining and Petrochemical Co. (Petro Rabigh), a joint venture between Saudi Aramco and Sumitomo Chemical, on Monday announced a major improvement in second-quarter and half-year profits. Petro Rabigh’s net profits in the second quarter rose to...

Tasnee swings into loss, Sipchem's profits dive

Saudi National Industrialization Co. (Tasnee) on Monday announced a swing into a second-quarter net loss of 107.7 million Saudi riyals ($28.7 million) from a net profit of SR408.3 million in the corresponding quarter of 2014. Operating profit was down from...

Technip signs agreements to modernize oil refineries in Egypt

Technip's Italy arm and the export credit insurance group SACE (Rome) have finalized a previously announced agreement with Middle East Oil Refinery (Midor) to modernize and expand the Midor refinery near Alexandria, Egypt, in the frame of the long-standing...

Sahara profits sink, looking to restructure operations

Sahara Petrochemical’s second-quarter net profit declined to 11.4 million Saudi riyals ($3.04 million) from SR185 million in the year-earlier quarter. The company reports an operating loss of SR10.6 million compared with a SR90.3-million operating...

BASF chairman part of German delegation to discuss return to Iran in postsanctions era

BASF and Linde executives met energy officials in Tehran on Monday to discuss potential investment and transfer of technology, says She’ri Moqaddam, managing director of Iran's National Petrochemical Co. (NPC; Tehran). The companies are part of a large...

GPIC meets production and export targets in first half

Gulf Petrochemical Industries Co. (GPIC; Manama) has met its targets in the first half of this year, the company’s president Abdulrahman Jawahery has announced. The results were particularly significant since the company’s manufacturing complex...

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