IHS Chemical Week
BASIC CHEMICALS

Indian Farmers Fertiliser Co. advances $1.6-billion Quebec urea complex

1:21 PM MDT | April 16, 2014 | Lindsay Frost

Indian Farmers Fertiliser Cooperative (Iffco) Canada (Montreal), the Canada arm of an Indian fertilizer distributor, announced today that the government of Quebec has authorized the company to move forward with the proposed fertilizer plant at...


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Mosaic acquires ADM's fertilizer distribution businesses in Brazil and Paraguay

Mosaic agreed to acquire Archer Daniels Midland's (ADM) fertilizer distribution business in Brazil and Paraguay for $350 million. The price assumes the delivery of $150 million in working capital at closing, the company says. Under the agreement terms, Mosaic...

Shintech seeks permit for Louisiana ethylene plant

Shintech, the US subsidiary of Shin-Etsu Chemical (Tokyo), has applied to the Louisiana Department of Environment Quality for a permit to build a 500,000-m.t./year ethylene plant. The company says it has not chosen a site, but a leading candidate will be land already owned by Shintech....

IC Potash receives BLM approval of New Mexico potash project

IC Potash (ICP; Toronto) announced today that the Bureau of Land Management (BLM) has authorized ICP to construct and operated a sulphate of potash project, called Ochoa, at Lea County, NM.  “We are pleased with the favorable [decision] from the...

Reports: Belarus extends potash export subsidy until year-end

Belarusan authorities have extended the country's zero export duty on potash until 31 December, according to local press reports. The duty, which previously was €75–85/m.t. ($104–118),  was initially reduced to zero for 1 September...

Canadian, US firms establish JV to develop on-demand ammonia technology

Jourdan (Mississauga, ON), Autris (Los Angeles), and Process Research Ortech (PRO; Mississauga) have signed a term-sheet agreement covering the formation of a joint venture to investigate, develop, and commercialize a patentable technology for the production...

K+S signs long-term handling, storage agreement for potash project in Canada

K+S Potash Canada (Saskatoon, SK), a subsidiary of K+S Group (Kassel, Germany); and Pacific Coast Terminals (PCT; Port Moody, BC) have signed an exclusive, long-term contract for the handling and storage of potash produced at K+S Potash Canada’s planned...

Axiall completes VCM repairs, estimates 50% yoy decline in first-quarter Ebitda

Axiall (Atlanta, GA) has restarted a Lake Charles, LA, vinyl chloride monomer (VCM) plant, which was shut down after a fire on 20 December. Axiall also released preliminary first-quarter financial results....

Sumitomo buys stake in Cepsa phenol project at Shanghai

Sumitomo has agreed to acquire a minority share in Cepsa Química China (Shanghai), and the resulting company will be a 75-25 joint venture between Cepsa (Madrid) and Sumitomo, the latter announced today. The agreement will combine Sumitomo's Asian...

IHS: Rapid growth in silicones through 2018, but overcapacity threatens

China's silicone producers are adding capacity more quickly than the market can absorb, increasing the pressure to rationalize production, according to analysts at IHS Chemical....

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