IHS Chemical Week
PEOPLE & BUSINESS

Lower crude prices won't cut off ethylene margins at the peak, Dow says

The sharp drop in crude oil prices has increased near-term volatility, but will not stop ethylene margins from marching toward a peak over the next two years, say Dow officials....

Albemarle earnings beat estimates on strong catalysts results

Albemarle today reported third-quarter net income from continuing operations down 9.6% year-on-year (YOY), to $88 million, or 93 cts/share, on sales up 9%, to $642.4 million. Adjusted earnings, however, rose 5% YOY, to $1.14/share, beating analysts’...


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People/Executives

Total appoints head of refining and chemicals as its new CEO

Total today named Patrick Pouyanné CEO, following the death of Christophe de Margerie, chairman and CEO, in a plane crash at Moscow airport earlier this week. Pouyanné was until today president of refining and chemicals, and a...

Companies

Sipchem Misses Earnings Estimates on Lower Revenues

The Saudi International Petrochemical Co. (Sipchem) reported third quarter net profit of SR84.1 million ($22.4 million), a 54% increase on the third quarter of 2009. The result was lower than consensus estimate of SR128 million and that of Sico Research...

Emerging Companies

Velocys' commercial GTL plant in Oklahoma to go ahead

Velocys (Oxford, UK), a technology innovator for smaller scale gas-to-liquids (GTL), has made the final investment decision and will proceed with construction of a commercial GTL plant using its technology at the East Oak landfill site in Oklahoma, the...

Earnings/Finance

Sabic Reports Big Rise in Net Profit on Increased Sales and Higher Prices

Saudi Basic Industries (Sabic) reported a 46% rise in third quarter net profit to SR5.33 billion ($1.42 billion) compared with the same period in 2009. The net result was 6% higher than in the second quarter of this year. The company's gross income in the...

M&A

AkzoNobel sells stake in Eka Synthomer to partner, exits paper chemicals

AkzoNobel today announced a €5 million ($6.3 million) divestment of its 50% share in Eka Synthomer, to Synthomer. The divestment follows a strategic review of businesses within AkzoNobel’s portfolio. "Following an earlier announcement about...

Reach

Oxathiapiprolin added to ECHA's registry of intentions

The European Chemicals Agency (ECHA; Helsinki) has added oxathiapiprolin to the registry of intentions. Oxathiapiprolin is a member of the piperidinyl thiazole isoxazoline class of fungicides, used for seed treatment, for example, on sunflowers. The proposed...











 
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