IHS Chemical Week

Yara International makes organizational and management changes to improve focus

8:38 AM MST | February 8, 2016 | Natasha Alperowicz

Yara International (Oslo) announced on Monday that it is making several organizational and management changes to improve strategic focus. The news comes shortly after Yara announced a profit warning. The company is creating a new production segment comprising...

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Indian Prime Minister inaugurates Assam gas cracker complex

Indian Prime Minister Narendra Modi on Friday officially inaugurated the long-delayed 100 billion Indian rupees ($1.48 billion) Brahmaputra Cracker and Polymer complex at Lepetkata, Assam, India. The complex has been in the commissioning phase since last...

OCP inaugurates fertilizer complex in Morocco

Office Chérifien des Phosphates (OCP; Casablanca) has inaugurated a fertilizer production unit, named Africa Fertilizer Complex, at Jorf Lasfar, Morocco. OCP invested a total of 5.3 billion Moroccan dirham ($536.8 million) to build the fertilizer...

Uralchem reports higher fertilizer output in 2015

Uralchem (Moscow), a leading producer of fertilizers focusing on the nitrogen and phosphate sectors, last year increased its total output by 4% to 5.89 million m.t. The nitrogen segment saw production rise by 2% to 4.94 million m.t., including a 6% rise in...

Haldor Topsoe signs methanol plant contract in Iran, opens offices in Tehran

Haldor Topsoe announced on Thursday that it has signed a contract with Badr-e-Shargh Petrochemical complex covering the license, engineering, proprietary equipment, materials and catalyst for a new methanol plant at Chabahar, Iran. It will be the first plant...

Mosaic to cut phosphate production in response to market conditions

Mosaic announced on Wednesday that it will reduce phosphate production in response to current crop nutrient market conditions. The company intends to reduce production by up to 400,000 m.t. by rotating plant shutdowns in the first quarter of...

Styrene turnaround season begins with AmSty unit at Donaldsonville, LA

Turnaround season in the North American styrene market began this week when Americas Styrenics (Amsty) took down a production line at its Donaldsonville, LA, facility for three weeks of planned maintenance. The turnaround is expected to have little impact on the styrene market, as all February contractual material has already been secured by consumers....

Olin reports net loss of $59.3 million, beats estimates

Olin reports a net loss for the fourth quarter of $59.3 million, down from earnings of $12.8 million in the year-ago period. Sales totaled $1.267 billion, up from $500 million on the acquisition of Dow’s chlorine products business in October 2015. Adjusted earnings of 31 cts/share beat the average analyst estimate of 20 cts/share as compiled by Thomson Reuters (New York)....

US fourth-quarter propylene production up, inventory down

US fourth-quarter propylene production increased, although inventories decreased, according to data released this week by the American Fuel & Petrochemical Manufacturers (AFPM)....

US January ethylene contract drops on supply, sentiment

The US January ethylene net transaction contract settled lower for the second consecutive month on Tuesday, coming on the back of strong operating rates, healthy supply and bearish sentiment during January. The January ethylene net transaction (NT) contract price settled at 24.75 cts/lb, down by 1.00 ct/lb from December....

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