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BASIC CHEMICALS

Olin earnings down on weak chlor-alkali

7:28 AM MDT | July 25, 2014 | Clay Boswell

Olin (Clayton, MO) reports a 16% year-over-year (YOY) decline in second-quarter income, the result of weak results in the chlor-alkali segment. Sales declined across the board. However, earnings of 46 cts/share beat the analysts’ consensus estimate of 45 cts/share, as reported by Thomson Reuters (New York)....


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MORE BASIC CHEMICALS

PhosAgro reports higher production on strong fertilizer demand

PhosAgro (Moscow), a leading fertilizer producer, says production and sales in the first half of this year rose 3.4% and 3.9%, respectively. Production reached 3.083 million m.t. and sales 3.081 million m.t. Phosphate fertilizers production increased 3.2% to...

PotashCorp earnings down YOY, but above guidance

PotashCorp reported its second quarter results today—showing strong segment results, though, overall trailing behind the same quarter 2013. Net income dropped 26% YOY, to $472 million with earnings per share of 56 cts/share rising above analyst...

S-Oil swings to profit, to diversify portfolio with olefins complex

S-Oil (Seoul) today reported improved second-quarter results and outlined investment plans under new increased ownership by Saudi Aramco, including construction of an olefins complex. S-Oil’s second-quarter net income reached 67.9 billion South Korean...

Mosaic to permanently halt MOP production at New Mexico facility

Mosaic says it plans to permanently discontinue production of muriate of potash (MOP) at its Carlsbad, NM facility. The final date of production is expected to be 31 December, according to regulatory filings. “The decision is based on the quality of the...

Europe's ethylene producers hope to defend August prices despite oversupply

Europe's ethylene producers expect to be able to defend current contract price levels despite a long market balance, as the European industry prepares for the scheduled turnaround of several production units during the summer months and into the fall...

OCI's Beaumont methanol, ammonia plants back up after brief outage

OCI Partners (Nederland, TX) says that recent severe thunderstorms in the Gulf Coast area caused a power outage that disrupted methanol and ammonia production at the company's facility near Beaumont, TX, over the past several days. Damage to the production facility was limited, the company says. The methanol unit was down for 3.5 days and the ammonia unit was down for less than one day....

Chinese group plans $4.5-billion methanol complex at Texas City

The Galveston County Economic Alliance announced on Tuesday that Fund Connell USA Energy and Chemical Investment Corp. is exploring plans to build a large methanol production and export facility at Shoal Point, Texas City. The announcement was made by the...

Tesoro to produce xylene on US West Coast for export to Asia

Tesoro (San Antonio) says it plans to produce petrochemical feedstock in its US west coast refining system. The company intends to gather intermediate feedstock, primarily reformate, from its West Coast refining system for xylene extraction at Anacortes, WA...

ZeoGas to use ExxonMobil methanol-to-gasoline technology in US Gulf Coast project

ZeoGas (Houston), a developer of natural gas-to-gasoline projects, has entered into a license agreement to use ExxonMobil's research and engineering subsidiary’s methanol-to-gasoline (MTG) technology in the development of a natural gas–to-gasoline...

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