IHS Chemical Week

PPG matches estimates as volumes flatline

July 21, 2016 | Vincent Valk

McGARRY: Overall sales volumes consistent YOY. PPG today reported second-quarter net income of $370 million, or $1.37/share, up 10% year-on-year (YOY), on sales down 1%, to $4.1 billion. Adjusted earnings totaled $498 million, or $1.85/share, up 9% and...

Shareholders approve Dow-DuPont merger

July 20, 2016 | Rebecca Coons

Andrew Liveris at the company's 2016 shareholder meeting. Dow Chemical and DuPont announced today that their shareholders have voted to approve the two companies' previously announced merger and planned split into three independent, publicly traded companies...

Acetone remains bullish in Europe, but will that be enough to boost production rates?

July 15, 2016 | David Potter

Europe's acetone market has been enjoying a rare period of strong pricing in recent months thanks to reduced supply. Prices have remained firm during July, but whether this will be enough of a spark to increase operating rates at Europe's phenol-acetone units...

Ineos declares acrylonitrile force majeure at Green Lake plant

July 15, 2016 | Simon Garmston

Ineos Nitriles has declared force majeure on acrylonitrile (ACN) from its Green Lake plant in Port Lavaca, Texas, because the pipeline supplying over 90% of its propylene feedstock has been shut down....

Semicon West 2016: Not business as usual

July 14, 2016 | Rebecca Coons in San Francisco

The mood at Semicon West, currently underway in San Francisco, is mixed, as suppliers to electronics makers grapple with consolidation and flat downstream growth while pushing hard on R&D and collaborations to meet the technological demands of the next...

Bayer sweetens offer to acquire Monsanto

July 14, 2016 | Natasha Alperowicz

Bayer, possibly impelled by Wednesday’s report that BASF and Monsanto are in talks to combine their agricultural chemicals businesses, today announced a slightly sweetened offer to acquire Monsanto. Bayer also said it could provide certainty...

Dow looks to value chain assessments in consumer care

July 11, 2016 | —Vincent Valk

Dow Chemical Co. is undertaking value chain assessments (VCAs) in its consumer-care business with an eye toward educating sales staff and customers about the sustainability of existing products in the home- and personal-care markets. The VCAs are similar to...

Air Liquide sets revenue targets following Airgas acquisition

July 11, 2016 | —Natasha Alperowicz

Air Liquide SA launched on 6 July a transformation strategy covering 2016–20 that targets rising revenue at a compound annual growth rate (CAGR) of 6–8%; annualized efficiency gains of more than €300 million ($332 million); and synergies derived from the acquisition of Airgas, Inc. totaling more than $300 million....

Industry faces uncertainty, volatility after UK Brexit vote

July 11, 2016 | —Ian Young

The chemical industry in the United Kingdom and rest of Europe faces weaker growth prospects and prolonged uncertainty after the UK public voted 52% to 48% in a referendum on 23 June to leave the European Union....

Agrium acquires Cargill's US ag-retail business

July 6, 2016 | Jing Chen

Agrium Inc. has agreed to acquire Cargill’s agricultural-retail business in the United States. The acquisition includes Cargill’s 18 ag-retail locations in Nebraska, South Dakota, Minnesota, Wisconsin, Michigan and Indiana with annual revenues of...

European Union trade officials say negotiations will continue in the wake of the British vote to quit the EU

July 1, 2016 | Michael Ravenscroft

The European Parliament discussed the effect of the British decision to quit the European Union—the so-called Brexit—might have on EU trade policy this week, both in terms of trade deals currently under negotiation and those already in place...

Over 100 Nobel Prize winners slam Greenpeace over GMO opposition

June 30, 2016 | Rebecca Coons

Over 100 Nobel laureates are sharply criticizing Greenpeace for opposing genetically modified organisms (GMO) and accusing the group of misrepresenting the risks, benefits, and impacts of crops improved through biotechnology. “Scientific and...

Chemical execs say sector is able to meet post-Brexit challenges

June 29, 2016 | Ian Young

As the fallout continues from the United Kingdom’s referendum vote to leave the European Union, chemical industry executives say they believe the sector can draw on its underlying strengths and adapt to the uncertain times ahead. The public voted in the...

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