IHS Chemical Week
MARKETS

Acron completes expansion of technical ammonium nitrate plant

2:53 AM MDT | June 29, 2016 | Natasha Alperowicz

Acron (Veliky Novgorod, Russia), a major producer of fertilizers, has completed expanding a technical ammonium nitrate (AN) plant at its Veliky Novgorod complex. The facility makes AN containing magnesium hydroxide. The expansion, a two-stage project...

Evonik to acquire Canada-based pharma CDMO Transferra Nanosciences

12:09 AM MDT | June 29, 2016 | Deepti Ramesh

Evonik Industries says it agreed on 21 June to acquire the business and assets of Transferra Nanosciences Inc. (Burnaby, Canada), formerly known as Northern Lipids Inc. Transferra is a contract development and manufacturing organization (CDMO) that provides...

Basic Chemicals

Asia's styrene price surge may be short-lived as outlook for derivatives stays bearish

June 28, 2016 | Sok Peng Chua

Styrene in Asia has regained top spot in the world market, pricing in at a $45.50/metric ton premium over Europe-sourced styrene today, IHS Chemical data show. Prices continued rising on speculative buying and short covering, with a July-arrival cargo traded...

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Energy and Feedstocks

Shell, Gazprom sign deal for Baltic LNG plant, targeting exports to Europe

June 17, 2016 | Natasha Alperowicz

Shell and Gazprom have signed a memorandum of understanding to explore the prospects of building a liquefied natural gas (LNG) plant with a capacity of 10 million m.t./year at Ust-Luga, in the Leningrad Region, Russia. Gazprom has been seeking a partner to...

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Industrial Gases

Linde to Acquire Sri Lankan Gases Firm

October 19, 2010 | Deepti Ramesh

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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Plastics

Rosneft signs petchem deals with ChemChina, Sinopec

June 27, 2016 | Natasha Alperowicz

Rosneft (Moscow), Russia’s largest oil company, has signed separate deals with China National Chemical Corp. (ChemChina) and China Petrochemical Corp. (Sinopec) on the construction of two petrochemical projects in Russia. The deals were announced on 25...

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Renewables

BIOX, World Energy form JV to acquire and operate biodiesel refinery in Texas

June 28, 2016 | Francinia Protti-Alvarez

BIOX Corporation (Hamilton, Ontario) and World Energy (Boston, Massachusetts) have formed a 50-50 joint venture (JV) to acquire and operate a 90-million US gallon biodiesel facility that will start up soon at Houston, Texas, BIOX has announced.  Each...

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Specialty Chemicals

Omnova beats estimates as earnings rise on higher margins

June 29, 2016 | Vincent Valk

Omnova today reported fiscal second-quarter earnings up 85% year-on-year (YOY), to $7.2 million, on down 8.3%, to $202.0 million. Higher margins drove the earnings increase – profitability was up in both the performance chemicals and engineered services...

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