IHS Chemical Week
MARKETS

EuroChem launches new phosphate raw material project, outlines strategy

EuroChem (Zug, Switzerland), a leading producer of fertilizers and fertilizer raw materials, today unveiled a new project to invest in a phosphate ore processing facility at Kovdor, on the Kola Peninsula, Russia. The company has also given further details of...

Lotte runs styrene plant at full capacity after maintenance

Lotte Chemical (Seoul) is operating its styrene plant at Daesan, South Korea, at about 100% of capacity after it completed a planned maintenance program earlier this month, a source close to the company says. The plant's turnaround began in March and ended...


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Basic Chemicals

Lotte begins feedstock adjustments for crackers

Lotte Chemical (Seoul) began adjusting feedstocks for its steam crackers at Yeosu and Daesan, South Korea, today as planned, a source close to the company says. The Yeosu cracker will receive about 10% liquefied petroleum gas (LPG) and 90% will remain...

Petrochemicals

China imports more aromatics in March amid tight supply, lower inventories, plant turnarounds

China’s imports of aromatics were mostly higher in March versus February amid market concerns of tight supplies, falling inventories, and plant turnarounds, the latest statistics show. Para-xylene imports in March crossed the 1-million m.t. monthly...

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

Alpek first-quarter net income up over 30% despite lower prices due to higher sales volume

Alpek’s (Monterrey, Mexico) first-quarter net income totaled $48 million, up 32% year-on-year (YOY), according to the latest company's results. Ebitda was up to $137 million from $105 million in the first quarter of last year. Ebitda grew both on annual...

Specialty Chemicals

Arsenal Capital to sell Royal Adhesives to American Securities

Private equity firm Arsenal Capital (New York) has announced it is selling Royal Adhesives and Sealants (South Bend, IN) to American Securities (New York), another private equity firm. Terms of the deal, including financial details, have not been disclosed...

Fine Chemicals/Biotech

Pharma/fine chemicals roundup—28 April 2015

FDA issues warning letter to API plant in China The US FDA issued a warning letter on 6 April to the active pharmaceutical ingredient (API) manufacturing facility of Yunnan Hande Bio-Tech—located at Kunming, China—for violating cGMP. The warning...

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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