IHS Chemical Week
MIDEAST/AFRICA

Rabigh II project to merge with Petro Rabigh

2:31 AM MDT | August 21, 2014 | Natasha Alperowicz

Rabigh Refining and Petrochemical Co. (Petro Rabigh; Rabigh, Saudi Arabia), has announced that, after comprehensively assessing phase two of the investment currently under way, the company’s board of directors has approved merging Rabigh II with Petro...


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MORE MIDEAST/AFRICA

Acquisitions help lift Frutarom's revenues and earnings

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...

Mitsubishi Corp., MHI, and Turkish firm awarded contracts for largest fertilizer plant in Turkmenistan

Mitsubishi Corp. (Tokyo), Mitsubishi Heavy Industries (MHI; Tokyo), and Turkish construction firm Gap Insaat (Istanbul) will build a large-scale fertilizer manufacturing complex for Turkmenhimiya, a state-owned chemical company in Turkmenistan. The fertilizer...

Sahara declares emergency shutdown at polypropylene complex

Sahara Petrochemicals today declared an emergency shutdown at its Al Waha Petrochemical subsidiary at Al Jubail, a producer of propylene and polypropylene (PP). The company cites technical fault in the utilities area, which interrupted production in all of Al...

European traders decline Asian, Mideast bids for toluene

Traders of European toluene were forced to decline enquiries from Mideast and Asia buyers seeking small volumes of toluene this week despite a open arbitrage on paper, IHS Chemical says. These buyers, such as South Korea, which is a net toluene...

Allana Potash awards FEED contract to Amec

Allana Potash (Toronto) has awarded Amec's Americas arm a contract to complete front-end engineering and design (FEED) work on its 1-million m.t./year Danakhil potash project in Ethiopia as preparatory work in anticipation of the completion of project...

Shutdowns and lower fertilizer prices reduce earnings at Industries Qatar

Industries Qatar (IQ; Doha), a listed firm that controls some of the country’s major petrochemical, fertilizer, and steel manufacturing companies, reports a decline in earnings as the group continued with major shutdown programs, including warranty...

Chemanol to restart para-formaldehyde plant by year-end

Methanol Chemicals Co. (Ad Dammām, Saudi Arabia) says that it expects to resume operations at its para-formaldehyde manufacturing plant at Al Jubail by the end of fiscal 2014. The facility was taken off-line last month following a fire. The plant, with a...

Adama reports higher sales and earnings, plans New York listing

Adama Agricultural Solutions (Tel Aviv), formerly Makhteshim Agan, on Sunday reported a 23.5% increase in net income and a 9% rise in sales in the second quarter of this year, to $59.4 million and $875.9 million, respectively. Excluding currency effects...

Sipchem restarts methanol plant at Al Jubail

Saudi International Petrochemical Co. (Sipchem) says it has restarted its methanol plant at Al Jubail following an unscheduled stoppage at the plant on 24 July 2012. The company says repair work has been completed on the unit, which restarted production on...

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