IHS Chemical Week
BASIC CHEMICALS

Williams postpones Geismar restart to add safety equipment

1:53 PM MDT | July 31, 2014 | Clay Boswell

Williams has pushed back restarting its Geismar, LA, cracker to September in order to install safety-related equipment, the company says in its second-quarter earnings release. Williams aims to begin ethylene production and sales in October....


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Methanex earnings fall short of estimates on pricing and production

Methanex reports year-on-year gains in second-quarter sales and income, but production constraints and weak pricing left adjusted earnings, at 94 cts/share, short of the analysts’ consensus estimate of $1.01/share compiled by Thomson Reuters....

Mosaic earnings down, CEO to return from medical leave

Mosaic today reported its results for the second quarter, with net income of $248 million down 73% year-over-year (YOY) with earnings per share of 64 cts/share below analyst estimates of 74 cts/share, according to Thomson Reuters (New York). Notable items...

Agrium potash mine down on mechanical failure

Agrium announced that its potash mine at Vanscoy, Saskatchewan experienced a mechanical failure on its main hoist system. As a result, production has been shut down. Due to the outage, the company says it will bring forward the planned turnaround to tie-in...

Vale's fertilizer revenue down 18%

Vale's (Rio de Janeiro) gross operating revenue from its fertilizer operations totaled $661 million in the second quarter, down about 18% year-on-year (YOY), and net revenue amounted to $614 million, more than 19% lower YOY. Adjusted Ebitda increased to $72...

Westlake closes €490-million Vinnolit acquisition

Westlake Chemical has closed the previously announced €490-million ($656.5 million) acquisition of polyvinyl chloride (PVC) manufacturer Vinnolit Holdings (Ismaning, Germany) and its subsidiary companies, from private equity firm Advent International...

Braskem-Idesa appoints new commercial director for Ethylene XXI project

Braskem-Idesa, the joint venture implementing the Ethylene XXI project in Mexico, says it has appointed Jorge Barreda Vázquez as its new commercial director effective 1 August. Barreda will be in charge of strengthening business strategy, as well as...

Intrepid Potash reports earnings drop, CFO resigns

Intrepid Potash today announced its second quarter results, as well as the resigning of its current CFO Dave Honeyfield—effective 29 August. Honeyfield is resigning in order to pursue an opportunity with a newly formed company in the oil and gas...

BHP Billiton signs opportunities agreement with three Saskatchewan First Nations on Jansen potash project

BHP Billiton (Melbourne, Australia Signing ceremony, Opportunities Agreement, (L-R) Kawacatoose First Nation Chief Darin Poorman, Day Star First Nation Chief Lloyd Buffalo, Alex Archila president/potash asset at BHP Billiton and Muskowekwan First...

Westlake Chemical Partners prices IPO at $24/share, begins trading on NYSE

Westlake Chemical Partners (Westlake Partners; Houston), a master limited partnership formed to manage the ethylene production assets of Westlake Chemical, has begun trading on the New York Stock Exchange (NYSE). Shares opened the first day of trading, 30 July, at $30.28....

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