IHS Chemical Week
MARKETS

US non-fuel propylene inventory declines seven straigth weeks to 22-month low

9:08 AM MDT | August 25, 2016 | Brian Balboa

US non-fuel propylene inventory came down for a seventh consecutive week, according to data released by the US Energy Information Administration (EIA). Inventory levels last week were the lowest in nearly two years....

Reports: Hyosung suspends polyketone production at Ulsan on low demand

5:10 AM MDT | August 25, 2016 | Francinia Protti-Alvarez

Hyosung Corp. (Seoul, South Korea) has suspended polyketone production at its plant at Ulsan, South Korea, owing to low demand, according to a report in The Korea Herald. Hyosung completed the 1,000–metric tons per year polyketone plant in 2013 and...

Basic Chemicals

SQM net income flat, revenue up on higher lithium, derivatives sales

August 25, 2016 | Francinia Protti-Alvarez

Sociedad Química y Minera de Chile S.A. (SQM; Santiago) reports $83.1 million in net income for the second quarter, close to the $83.2 million reported one year earlier. Gross margin for the reported period totaled $146.9 million, down 10.75% year over...

Energy and Feedstocks

Gunvor secures $200-million project financing to upgrade Rotterdam refinery

August 25, 2016 | Francinia Protti-Alvarez

Gunvor Petroleum Rotterdam BV, a subsidiary of Gunvor Group Ltd. (Geneva, Switzerland), has secured $200 million in project financing for developing and upgrading the infrastructure of its Europoort refinery in the Port of Rotterdam. Gunvor's existing...

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...

Plastics

Borealis reports lower profit, US ethane shipments delayed by nine months

August 24, 2016 | Natasha Alperowicz

Borealis AG, a producer of polyolefins, base chemicals, and fertilizers, on Wednesday announced 12% lower second-quarter net profit and 10% lower consolidated sales of €309 million ($348.5 million) and €2.2 billion, respectively, still the company's second-best quarterly result after the record 2015....

Renewables

Metabolix sells biopolymer assets to CJ CheilJedang for $10 million

August 23, 2016 | Natasha Alperowicz

Metabolix Inc. (Woburn, Massachusetts) said on Monday that it has entered into a binding letter of intent with CJ CheilJedang Corp. (Seoul, South Korea) for the sale of its biopolymer intellectual property and certain laboratory equipment for $10 million....

Specialty Chemicals

Keystone Aniline acquires UK dye synthesis firm

August 25, 2016 | Ian Young

Keystone Aniline Corp. (Chicago, Illinois) says that it has acquired Colour Synthesis Solutions Ltd. (CSS; Manchester, United Kingdom). Financial terms of the deal have not been disclosed. Keystone says it is "a leader in the global industrial colorant...





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