IHS Chemical Week
PEOPLE & BUSINESS

Sibur starts shipping liquefied petroleum gas to China

Sibur (Moscow) announced today that earlier this month it signed a long-term contract with an undisclosed Chinese customer for regular supplies of liquefied petroleum gas (LPG) to the Chinese market. The product will be shipped by rail from the Nyagan gas...

PetroChina’s chemicals business narrows loss

PetroChina’s refining and chemicals business reports an operating loss of 3.43 billion renminbi ($559 million) in the first half of 2014 compared with an operating loss of Rmb15.86 billion in the first half of 2013. PetroChina’s chemicals business...


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People/Executives

Linde completes major construction on La Porte ASU

Linde says it has completed installation of three coldboxes—the centerpiece of the air separation unit (ASU) currently under construction at La Porte, TX. The ASU is part of an over $250 million investment to build an ASU, gasification train and...

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

Report: Dow puts Angus Chemical and AgroFresh on the block

Dow Chemical has started the process of divesting two of its specialty chemicals subsidiaries, Angus Chemical (Buffalo Grove, IL) and AgroFresh (Philadelphia), which could bring in a combined $2 billion, according to Reuters citing “people familiar with...

Reach

New CLH consultation for the pesticide tefluthrin

The European Chemicals Agency (ECHA; Helsinki) says it has started a 45-day public commenting period on the harmonized classification and labeling (CLH) proposal for the pesticide tefluthrin. The substance is an insecticide mainly used to protect sugar beet...











 
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