IHS Chemical Week
MARKETS

Airgas to construct ASU near steel plant in Alabama

Airgas says it is building a new air separation unit (ASU) to produce tonnage oxygen, nitrogen, and argon for a Nucor plant in Tuscaloosa, AL. The ASU will supply Nucor’s plant via pipeline. It will come onstream in spring 2017 and will also supply...

Shiseido to set up innovation center at Yokohama

Shiseido (Tokyo), a leading cosmetics player, said today that it will establish a new research facility at Yokohama, Japan. On 26 March, the city granted Shiseido permission to acquire land for the new center in the Yokohama Minato Mirai 21 District. The...


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Basic Chemicals

Sipchem to halt production of acetic acid for plant turnaround

Saudi International Petrochemical Co. (Sipchem) says it intends to stop production at its Al Jubail acetic acid plant to carry out regular maintenance. The facility will stop production on 1 April for 26 days, during which the company will work to improve...

Petrochemicals

South Korea's first-quarter benzene exports spike 75% YOY

South Korea’s benzene exports for the first three months of 2015 are expected have surged more than 75% surge year-on-year, data obtained by IHS Chemical show. Over 1–26 March, the country transported more than 190,000 m.t. of benzene. When added...

Inorganic Chemicals

Incitec Pivot to Offtake Entire Urea Output From Perdaman Project

Incitec Pivot (Melbourne), a leading global nitrogen-based chemicals producer, has signed an agreement with Perdaman Chemicals and Fertilizers (Perth, Australia) to offtake the entire output of urea from Perdaman's previously announced Collie urea plant in...

Plastics

BASF declares force majeure on contracts related to Lupranate products

BASF has declared force majeure on contracts and related agreements pertaining to its Lupranate brand of monomeric diphenylmethane diisocyanate–based products, effective 23 March, a company spokesman says. “The action was necessary due to...

Specialty Chemicals

H.B. Fuller earnings fall on currency, full-year guidance reaffirmed

H.B. Fuller has reported fiscal first-quarter net income down 34% year-on-year (YOY), to $9.7 million, or 19 cts/share, on net revenue down 3.2%, to $470.7 million. Adjusted earnings fell 39% YOY, to 30 cts/share. Revenues fell largely because of negative...

Fine Chemicals/Biotech

AbbVie to invest in biopharma expansion in Puerto Rico

AbbVie is to invest $30 million to expand one of its manufacturing sites in Puerto Rico. The expansion will add to Puerto Rico’s manufacturing capabilities for biotechnology and is expected to create up to 100 jobs over the next two years...

Industrial Gases

Linde to Acquire Sri Lankan Gases Firm

Linde says it has offered to acquire all the shares in privately-held Ceylon Oxygen (Colombo, Sri Lanka), and that the offer has been accepted by the major shareholder, Europium, in respect of 95.4% of the shares in Ceylon Oxygen. Ceylon Oxygen, which was...











 
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