Celanese and Mitsui & Co. have agreed to form a 50-50 joint venture for a previously announced project to produce methanol at Celanese's integrated chemical plant at Clear Lake, TX. Celanese announced last June that it will build a methanol...
Chemical revenues and operating earnings were up again in 2011 as industry recovery continued. BASF claimed the top spot for the sixth straight year in CW’s Billion-Dollar Club, our ranking of companies by chemical revenues. ExxonMobil claims the second...
Japan's chemical makers are hoping that their strong commitment to innovation and new aggressive government stimulus will recharge growth....
Strategic positioning and innovation are key components of maintaining high margins and profitability for specialty chemicals. Companies with strong research and innovation capabilities, close customer relationships, and a fine-grained view of markets and products will stay ahead of the curve, producers and analysts say....
ACC today launched a new Responsible Care product safety code, requiring member companies to implement 11 management practices to evaluate and continuously improve product safety performance....
A fire at an ethylene purification unit at Formosa Plastics’ complex at Point Comfort, TX yesterday, injured 14 people. Eight of the injured have been treated and released as of Friday morning, according to a company spokesperson.
The fire occurred in an ethylene purification area near the site’s “PE 1” high-density polyethylene (HDPE) production unit. ...
The company says it is considering the sale of its $350-million/year peroxygens business, a leading producer of hydrogen peroxide and persulfates....
Weaker demand growth coupled with higher rates of capacity expansion has dampened the profit outlook for ethylene, particularly for high-cost producers that use heavier feedstocks, said Mark Eramo, v.p./chemical market insights for IHS Chemical. Eramo was speaking at the IHS Chemical World Petrochemical Conference (WPC), at Houston late last month....
New opportunities based on the surge in unconventional oil and gas production in the United States as well as other developments in the energy market have divided the global petrochemical industry into haves and have-nots, according to Gary Adams, chief advisor at IHS Chemical....
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