IHS Chemical Week

Closure of ChemChina's $43-billion acquisition of Syngenta delayed to first quarter 2017

October 25, 2016 | Natasha Alperowicz

Syngenta (Basel, Switzerland) said Tuesday the closure of its $43-billion acquisition by ChemChina will extend to the first quarter of next year....

PPG results hurt by currency, Europe weakness

October 20, 2016 | Vincent Valk

PPG today reported a third-quarter net loss from continuing operations of $201 million, compared with a profit of $415 million during the year-ago quarter. The loss was mainly due to a pension charge. Sales rose 2% year-on-year (YOY), to $3.8 billion....

Three killed in explosion at BASF's Ludwigshafen site

October 19, 2016 | Ian Young

BASF has confirmed that a third person died in the explosion and fire at the company's Ludwigshafen, Germany, complex on 17 October. Police divers and divers from the Ludwigshafen and Mannheim, Germany, fire departments found the body....

Overcapacity has hurt urea prices Ammonium chloride is emerging as an opportunity for Chinese producers

October 17, 2016 | Francinia Protti-Alvarez

Ammonia and urea prices have fallen since 2014 while ammonium chloride prices have increased. IHS Chemical cites oversupply in urea markets worldwide, which is pressuring urea prices; competition between China and the Middle East for a share of exports to...

Analysts, early results point to tepid third quarter

October 17, 2016 | Vincent Valk

With third-quarter earnings reports rapidly approaching, analysts and early results indicate another mixed quarter for the industry. Global chemical production showed “no gain or loss on a three-month moving average (3MMA)” during August...

Covestro inaugurates Shanghai polycarbonates plant making site the world's largest producer

October 12, 2016 | Natasha Alperowicz

Covestro, the leading producer of polycarbonates, today inaugurated a major project at its Shanghai, China complex....

SABIC targets feedstock, portfolio shifts to maintain growth

October 10, 2016 | Robert Westervelt

SABIC (Riyadh, Saudi Arabia) is looking to alternate feedstocks and portfolio upgrades as the access to cheap Saudi ethane that fueled its spectacular growth over the past 35 years becomes constrained. The company, the dominant Middle East player and fifth-largest maker of chemicals globally, posted 2015 sales of $37 billion....

Shell signs letter of intent to study petchem projects in Iran

October 10, 2016 | Natasha Alperowicz

In a move that could signal Shell's return to the petrochemical scene in Iran, the company signed a letter of intent on 9 October with National Petrochemical Co. covering cooperation in the energy sector, including petrochemicals....

Cefic 2016: EU chemical industry's share to fall further, companies must innovate

October 7, 2016 | Natasha Alperowicz in Florence

Europe's chemical industry will see further erosion in its share of the world market, according to Cefic....

Cefic elects Clariant CEO as new president

October 7, 2016 | Natasha Alperowicz in Florence

Cefic, at its general assembly in Florence, has elected Hariolf Kottmann, CEO of Clariant, as Cefic's new president....

UK government uses new overriding powers to approve first fracking in northwest England

October 6, 2016 | Natasha Alperowicz

Sajid Javid, UK Secretary of State for Communities and Local Government, in the first use of new government powers taken last year, today overruled a Lancashire County Council ban on fracking for natural gas at a site in northwest England....

South Korean government urges petchem companies to downsize, upgrade due to worldwide supply glut

October 5, 2016 | Sok Peng Chua

PTA, PS, PVC, and SBR have been identified as products facing overcapacity....

Monsanto beats estimates on cost cuts, corn and soybean sales

October 5, 2016 | Rebecca Coons

Adjusted earnings were 7 cts/share, up from a loss of 19 cts/share in the 2015 quarter. Analysts had expected a loss of 3 cts/share, as reported by Thomson Reuters....

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