IHS Chemical Week

Regions

North America (11816)

South America (862)

Western Europe (7011)

Eastern Europe (1367)

Middle East (1472)

Africa (357)

Southeast Asia (1237)

North Asia (2033)

China (2252)

India/Pakistan (1297)

Australia/New Zealand (314)


NORTH AMERICA

Mexico's energy reform leads Pemex to restructure operations
Petróleos Mexicanos (Pemex), Mexico's national oil company, says that following the recently announced energy reform, which ends Pemex’s long-held monopoly, it has begun a corporate restructuring. The company plans to keep its profitable...

Axalta files for IPO
Coatings maker Axalta has filed with the US Securities and Exchange Commission (SEC; Washington) for an initial public offering (IPO) of an undetermined value, according to regulatory filings. The filing, which consists of a preliminary prospectus, did not...

DuPont files suit against SunEdison over solar-paste patent
DuPont has filed a patent infringement suit in US court in Delaware alleging that SunEdison has violated the company’s patent on using tellurium in front-side silver solar pastes. The suit also identifies Neo Solar Power (Hsinchu, Taiwan) and Fextronics...

Ineos, Sasol hire KBR for La Porte HDPE project
Gemini HDPE, a manufacturing joint venture between an Ineos US olefins and polymers subsidiary and Sasol, has hired KBR to provide engineering, procurement, and construction services for a planned 470,000-m.t./year high-density polyethylene facility at Ineos's Battleground Manufacturing Complex at La Porte, TX....

OxyChem starts up $49.5-million hydrochloric acid unit at Niagara Falls
OxyChem has successfully started up a new $49.5-million hydrochloric acid unit at its Niagara Falls, NY, chlor-alkali facility....

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SOUTH AMERICA

Report: Billionare Soros more than doubles stake in Argentina's YPF
Billionaire George Soros has more than doubled his stake in Yacimientos Petroliferos Fiscales (YPF; Buenos Aires), purchasing 8.47 million shares during the second quarter, Bloomberg reports. Soros's stake now stands at 3.5% of YPF's American depositary...

DuSolo Fertilizers receives environmental, operating licenses for DANF expansion in Brazil
DuSolo Fertilizers (Vancouver) has received environmental and operating licenses for a direct application natural fertilizer (DANF) processing capacity expansion in the Cerrado region of Brazil, DuSolo says. DuSolo's processing facility includes crushing and...

Report: Braskem could halt two units if naphtha-contract talks with Petrobras fail
Braskem could be forced to halt operations at two of its production units in Brazil in the coming weeks if talks with Petrobras over naphtha-supply pricing do not come to an agreement, according to a report from Brazilian newspaper Folha de S. Paolo. The...

Brazil's chemical trade deficit decreases more than 3%
Brazil's chemical trade deficit amounted to $17.2 billion in the first seven months of the year, down of 3.4% year-on-year (YOY), according to the latest figures published by Abiquim (São Paulo), the country’s chemical industry association. The...

Sirius signs potash offtake agreement with Central American distributor
Sirius Minerals (London), which is developing the world’s largest and highest grade deposit of polyhalite, announced today the signing of an additional binding take-or-pay offtake agreement for polyhalite from the York potash project in the United...

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WESTERN EUROPE

Duo UK to produce mailing bags using Braskem's Green PE
Resin Trade (Burton on Trent, UK), a polymer distribution company, has selected polyethylene (PE) bag manufacturer Duo UK, to be the first UK-based company to produce mailing bags using Green PE, made entirely from sugarcane ethanol.Green PE has been...

Clariant plant in Germany gains RSPO certification
Clariant’s industrial and consumer specialties plant at Gendorf, Germany, has been granted mass balance certification from the Roundtable for Sustainable Palm Oil (RSPO; London), permitting mass balance analysis and sourcing of the plant’s palm...

Lenzing reports lower sales and earnings, speeds up savings plan
Lenzing today reported Ebitda declined 29%, to €91.1 million ($121.9 million), in the first six months of 2014 on 9.1% lower sales of €900.0 million. Ebitda margin declined from 13.7% in the first half of last year to 10.2%. Ebit more than halved...

Novomer appoints distributor for its PPC polyols in Germany
Novomer (Waltham, MA) says it has appointed Nordmann, Rassmann (Hamburg) as its authorized distributor of Converge-branded polypropylene carbonate (PPC) polyols in Germany. The distribution agreement represents Novomer’s initial commercial entry into...

Strong euro dents Vopak's profits
Vopak posted a 15% fall in net profit for the first half of 2014 compared with the corresponding period of last year, to €138 million, on flat sales of €647 million. Ebitda declined 5% year-on-year, to €366 million, and operating profit dropped...

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EASTERN EUROPE

Chinese engineering firm awarded PVC plant contract in Uzbekistan
China CAMS Engineering, (Beijing), a subsidiary of China National Machinery Industry Corp., has been awarded a contract to build a petrochemical complex for Navoiazot (Navoi, Uzbekistan). Navoiazot forms part of Uzkimyosanoat (Tashkent). The $439.8 million...

PhosAgro results benefit from strong global fertilizer demand
PhosAgro (Moscow), a fertilizer major, today reported net profit increased 70% in the first six months of the year, to 8.1 billion Russian rubles ($231 million), on 6% higher sales of R56.7 billion. Ebitda was 17% higher, at R16.2 billion, and Ebitda margin...

PKN Orlen builds on-purpose propylene plant in Poland
PKN Orlen, Poland’s largest petrochemicals player, today announced that it will built an on-purpose propylene production facility at its Plock manufacturing complex. The company awarded the license and engineering design contract to CB&I.   The...

Uralchem subsidiary acquires Ventamonjaks
Uralchem (Moscow), a leading producer of nitrogen and phosphate fertilizers, has acquired a controlling stake in SIA Ventamonjaks, the largest liquid ammonia transhipment terminal in the Baltic Sea. It has an annual capacity of 1 million m.t./year and is...

PhosAgro outlines strategy, ups fertilizer sales, de-emphasizes Indian market
PhosAgro (Moscow), says that its board of directors today reviewed the company’s interim consolidated financial results for the first six months of the year and Andrey Guryev, gave an overview of performance following his first year as CEO. The company...

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MIDDLE EAST

Rabigh II project to merge with Petro Rabigh
Rabigh Refining and Petrochemical Co. (Petro Rabigh; Rabigh, Saudi Arabia), has announced that, after comprehensively assessing phase two of the investment currently under way, the company’s board of directors has approved merging Rabigh II with Petro...

Acquisitions help lift Frutarom's revenues and earnings
Frutarom (Haifa, Israel), a producer of flavors and fragrances, today reported second-quarter net income rose 44.5%, to $25.5 million, on 29% higher sales of $218.1 million. Ebitda was 33.5% higher, at $43.4 million. The flavors segment reports sales of...

Mitsubishi Corp., MHI, and Turkish firm awarded contracts for largest fertilizer plant in Turkmenistan
Mitsubishi Corp. (Tokyo), Mitsubishi Heavy Industries (MHI; Tokyo), and Turkish construction firm Gap Insaat (Istanbul) will build a large-scale fertilizer manufacturing complex for Turkmenhimiya, a state-owned chemical company in Turkmenistan. The fertilizer...

Sahara declares emergency shutdown at polypropylene complex
Sahara Petrochemicals today declared an emergency shutdown at its Al Waha Petrochemical subsidiary at Al Jubail, a producer of propylene and polypropylene (PP). The company cites technical fault in the utilities area, which interrupted production in all of Al...

European traders decline Asian, Mideast bids for toluene
Traders of European toluene were forced to decline enquiries from Mideast and Asia buyers seeking small volumes of toluene this week despite a open arbitrage on paper, IHS Chemical says. These buyers, such as South Korea, which is a net toluene...

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AFRICA

Allana Potash awards FEED contract to Amec
Allana Potash (Toronto) has awarded Amec's Americas arm a contract to complete front-end engineering and design (FEED) work on its 1-million m.t./year Danakhil potash project in Ethiopia as preparatory work in anticipation of the completion of project...

Jinko Solar opens photovoltaic panels plant in South Africa
New York Stock Exchange–listed Jinko Solar (Shanghai), the fourth-largest solar photovoltaic manufacturer in the world, on Tuesday opened a solar photovoltaic module manufacturing plant at Cape Town, the company’s first outside China...

Cameroon approves Etinde energy project
Bowleven (Edinburgh, UK), an Africa-focused oil and gas exploration group, says that the president of Cameroon has signed a formal decree awarding the Etinde exploitation authorization (EA), which gives the company and its joint venture partners, including...

Total sells South African coal mining assets
Total announced today that it has signed an agreement with Exxaro Resources (Pretoria) to sell its 100% stake in Total Coal South Africa (TCSA), its coal-producing affiliate in South Africa, for $472 million. The sale is subject South African authorities'...

Nigeria progresses with large methanol project
Gulf of Guinea Methanol (Lagos) has selected IHS to carry out a bankable feasibility study for its proposed $1.1-billion methanol project planned to be built in the Ogidigben industrial gas park in Nigeria. The park is expected to house several gas-based...

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SOUTHEAST ASIA

Petronas awards more Rapid contracts, Toyo Engineering gets cracker
Petronas (Kuala Lumpur) has announced more contract awards for its $16 billion Refinery and Petrochemical Integrated Development (Rapid) project at Pengerang, Johor State, Malaysia. Total cost of the project, including power plants and utilities, is estimated...

NatureWorks seeking soft loans to establish bioplastics industry in Thailand
The Federation of Thai Industries (FTI; Bangkok) is seeking soft loans from the government to help establish a bioplastics industry in Thailand. The FTI is meeting with the Finance Ministry and other authorities to consider the loans program, which would...

Técnicas Reunidas details Rapid contract in Malaysia
Técnicas Reunidas (Madrid) has detailed its $1.5-billion contract it received from a Petronas (Kuala Lumpur) refinery and cracker subsidiary for the Refinery and Petrochemicals Integrated Development (Rapid) project at Pengerang...

Sinopec Engineering awarded large contract for Rapid project
Sinopec Engineering has received a 4.26-billion ringgit ($1.33 billion) contract from Petronas subsidiary PRPC Refinery and Cracker covering engineering, procurement, construction, and commissioning for one package of the Refinery and Petrochemical Integrated...

Petronas Chemicals reports fall in profits and sales
Petronas Chemicals (Kuala Lumpur) reports a 44.7% fall in profits for the second quarter of 2014 compared with the second quarter of 2013, to 585 million ringgit ($183 million), due to lower sales volumes, lower margins in the company’s olefins and...

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NORTH ASIA

Mitsubishi Corp., MHI, and Turkish firm awarded contracts for largest fertilizer plant in Turkmenistan
Mitsubishi Corp. (Tokyo), Mitsubishi Heavy Industries (MHI; Tokyo), and Turkish construction firm Gap Insaat (Istanbul) will build a large-scale fertilizer manufacturing complex for Turkmenhimiya, a state-owned chemical company in Turkmenistan. The fertilizer...

Hanwha Chemical acquires majority stake in TDI producer KPX
Hanwha Chemical (Seoul) is acquiring a 50.71% stake in KPX Fine Chemical (Yeosu, South Korea) for 42 billion South Korean won ($40.8 million). The transaction is expected to close by 1 October. The remaining shares in KPX are listed on the stock exchange...

Songwon swings to loss
Songwon Industrial (Ulsan, South Korea) reports a net loss of 6.71 billion South Korean won ($6.6 million) for the second quarter of 2014 compared with a net profit of won518 million in the year-ago quarter. Songwon’s second-quarter sales remained...

LCY Chemical ordered to halt polypropylene production at Kaohsiung
LCY Chemical (Taipei), which is being investigated by Taiwanese authorities over its role in the 31 July explosions at Kaohsiung, Taiwan, which killed 30 people and injured more than 300, has been ordered to halt production at its polypropylene (PP) plant...

FMC to distribute soil and plant health product line in Asia
FMC announced today that it has signed an agreement to jointly develop and distribute organic acid soil and plant health products for Actagro (Biola, CA) in Asia. Actagro’s full line of current products will be available to FMC, with the latter company...

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CHINA

AkzoNobel breaks ground on decorative paints facility in China
AkzoNobel today broke ground on its previously announced decorative paints facility at Chengdu, China. Chengdu is the capital of Sichuan Province. The new facility is part of an investment exceeding €50 million ($66.5 million) to build manufacturing...

Kemira and Wilmar terminate AKD joint venture agreement
Kemira and Wilmar International (Singapore) today said that they have decided to terminate their joint venture agreement to produce alkyl ketene dimer (AKD) wax in China. The companies announced on 1 November 2013 that their subsidiaries had agreed to form...

Samsung SDI breaks ground on electric car battery plant in China
Samsung SDI (Seoul) broke ground today on its electric car battery production plant at Xian, China. The new factory will produce 40,000 units of battery cells annually and will begin production by October 2015. The company, in January, signed a memorandum of...

BASF and Chinese research institute cooperate further on reducing emissions
BASF and the Chinese Research Academy of Environmental Sciences (Craes; Beijing) are further cooperating on reducing emissions, BASF says. Craes is the top national nonprofit research institute for environmental protection under China’s Ministry of...

Celanese’s head/transportation relocates to Shanghai to focus on Asian market
Celanese says that Stefan Kutta, global director of the company’s transportation business line, will relocate to the Shanghai headquarters, where he will lead the company’s transportation industry business line with a focus on Asia. “The...

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INDIA/PAKISTAN

Jubilant and Syngenta Sign Pyridines Supply Deal
Jubilant Organosys has signed a multimillion-dollar, long-term agreement to supply pyridines to Syngenta....

Reliance Industries to import US ethane to feed its crackers in India
Reliance Industries (Mumbai) told the Bombay Stock Exchange today that it will source 1.5 million m.t./year of ethane from the United States to feed its crackers in India. The company has executed storage and capacity agreements for liquefaction and export of...

Sika establishes subsidiary in Sri Lanka, builds production units
Sika (Baar, Switzerland) says that it has expanded its presence in Asia/Pacific with a Sri Lanka subsidiary at Colombo. The subsidiary supplies a range of products to the construction industry in the country. The company’s own concrete admixture...

European traders decline Asian, Mideast bids for toluene
Traders of European toluene were forced to decline enquiries from Mideast and Asia buyers seeking small volumes of toluene this week despite a open arbitrage on paper, IHS Chemical says. These buyers, such as South Korea, which is a net toluene...

Indian Oil’s PP project at Paradip to be completed in 2017
Indian Oil (New Delhi) says that its previously announced polypropylene (PP) project at Paradip, India, is expected to be completed in September 2017. The project was approved by the company’s board earlier this year and was originally expected to come...

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AUSTRALIA/NEW ZEALAND

BHP Billiton details spinoff plans
BHP Billiton (Melbourne) today gave more information relating to the spinoff of some of its assets into a new metals and mining company dubbed NewCo. BHP, as previously announced, plans to demerge its aluminum, coal, manganese, nickel and silver mines...

BHP Billiton confirms demerger plans
BHP Billiton (Melbourne) has confirmed that, as part of a plan to simplify its portfolio, it is favoring demerging noncore assets to concentrate on the iron ore, copper, coal, and petroleum assets, as well as potash, which the company is currently developing...

MEO Australia to sell stake in methanol and LNG projects
MEO Australia (Melbourne) announced today that it has put up for sale a stake in its previously reported Tassie Shoal methanol and liquefied natural gas (LNG) projects after receiving expressions of interest from a number of parties in the assets. “The...

Clariant builds masterbatches plant in Australia
Clariant is building a new masterbatches plant in greater Sydney area, the company announced today. The new plant will mainly serve the Australian market with a full range of color and additive masterbatches, technically innovative solutions, and services to...

Orica to spin off or sell chemicals business
Orica (Melbourne) says that its board of directors intends to pursue the separation of the company’s chemicals business, either by demerger or sale. The decision follows a strategic review of the chemicals business. Orica says it has received a number...

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