IHS Chemical Week

Regions

North America (12678)

South America (949)

Western Europe (7741)

Eastern Europe (1489)

Middle East (1608)

Africa (389)

Southeast Asia (1351)

North Asia (2265)

China (2389)

India/Pakistan (1403)

Australia/New Zealand (339)


NORTH AMERICA

Weekly chemical rail traffic in North America down 1.4% YOY
During the week ended 21 February, chemical railcar traffic in North America fell year-over-year (YOY) on declines in the United States, according to data released on 25 February by the Association of American Railroads (AAR)....

ACC highlights recent conclusions on BPA: "FDA and EFSA assessments clearly state that BPA is safe"
ACC today began a communications campaign to highlight recent conclusions from the European Food Safety Authority (EFSA; Parma, Italy) and the US FDA regarding the safety of bisphenol A (BPA). The council says that it “believes that it is important to...

Ecolab appoints new board member
Ecolab says that its board of directors has appointed Tracy McKibben to the Ecolab board. McKibben is founder and president of MAC Energy Advisors, a consulting company that assists clients on alternative energy and clean technology investments, and strategic...

Some US east coast refineries restart after cold weather
Market sources say that units at multiple US east coast refineries have restarted after operational issues this week and late last week due to cold regional temperatures.   Philadelphia Energy Solutions' (PES) refinery at Philadelphia had a crude unit...

Ecolab earnings match estimates on higher sales
Ecolab today reported fourth-quarter net income up 17% year-on-year (YOY), to $335.5 million, on net sales up 3%, to $3.68 billion. Adjusted earnings totaled $1.20/share, matching analysts’ consensus estimate, as reported by Thomson Reuters (New York)...

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SOUTH AMERICA

Oxiteno Ebitda drops in fourth quarter
Oxiteno, the chemicals business of Ultrapar (São Paulo), posted a 98 million reais ($34 million) Ebitda during the last quarter of 2014 down 9% year-on-year (YOY), according to Ultrapar's latest results. The drop was mainly due to the reduction in the...

Report: Petrobras mulls $3-billion asset sale
Petrobras has hired JP Morgan Chase to run $3 billion worth of asset sales planned for this year, according to a Reuters report citing two sources with direct knowledge.  Petrobras and JPMorgan reportedly declined to comment. The significant fall in...

Peru's government reaffirms commitment to developing petchems hub
Peru’s ministry of energy and mining has reaffirmed the commitment of the government to develop a petrochemical complex in the southern part of the country, the ministry announced today. A  technical study by IHS–available to interested...

Bolivia's YPFB fertilizer project 64% complete
The construction of Yacimientos Petroliferos Fiscales Bolivianos' (YPFB; La Paz) previously announced fertilizer complex at Bulo Bulo, Bolivia, is advancing and is 64.4% complete, says Guillermo Achá Morales, president of YPFB. Samsung Engineering, the...

Braskem board yet to approve 2015 budget, future of Comperj petchems project uncertain
Braskem has not yet approved its 2015 investment budget, and the company's board has decided to take a couple of extra months to refine it because of the volatility in energy markets earlier this year, Carlos Fadigas, CEO of Braskem, said during a recent...

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WESTERN EUROPE

ACC highlights recent conclusions on BPA: "FDA and EFSA assessments clearly state that BPA is safe"
ACC today began a communications campaign to highlight recent conclusions from the European Food Safety Authority (EFSA; Parma, Italy) and the US FDA regarding the safety of bisphenol A (BPA). The council says that it “believes that it is important to...

Cefic: EU chemical growth "stagnant in 2014"
Chemical output in European rose by a paltry 0.3% in 2014, compared with the previous year, according to the latest Cefic Chemicals Trends Report. European chemical sales clawed back to peak levels achieved in 2008, but were 5.3% below the peak level...

Mixed responses to reform of European emissions trading system
The European Union’s emissions trading system (EU ETS) allows businesses to purchase permits for carbon dioxide emissions. The current glut of allowances on the market has caused the price of permits to drop to €7–€8 ($8–9) per...

Sika reports record year 2014, sales grow 8% to $5.9 billion, Ebit leaps 21%
Sika (Baar, Switzerland), today reported that its sales rose to 5.57 billion Swiss francs ($5.9 billion) in full-year 2014, an increase of 13% in local currencies, or 8.3% in reporting currency, compared with the previous year. Sales reached record levels in...

Evonik signs distribution deal with MedPalett for natural berry extract
Evonik Industries says that it has signed a distribution agreement with MedPalett (Sandnes, Norway), a wholly owned subsidiary of life sciences company Biolink Group (Sandnes), under which Evonik will distribute Medpalett’s MP865, a nutritional...

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EASTERN EUROPE

TVK posts big profit gains, prepares to start up new butadiene unit
Olefins and derivatives producer TVK (Tiszaújváros, Hungary) posted big year-on-year (YOY) increases in earnings for the fourth quarter of 2014. Net profit soared to almost 15 billion forints from Ft414 million in the corresponding period of...

Uralchem’s fertilizer terminal in Latvia ships 2 million m.t. of products
Uralchem (Moscow), a producer of fertilizers, says that its fertilizer terminal at Riga, Latvia, has shipped 2 million m.t. of products since starting up in February 2014. The terminal has already transshipped to 106 vessels of various tonnages. Having its...

Haldor Topsoe confirms signing of contract for ammonia plant in Slovakia
Haldor Topsoe has confirmed that it has signed contracts with Technip and chemical company Duslo (Sal’a, Slovakia) for an ammonia plant that will be constructed adjacent to Duslo’s existing fertilizer complex at Sal’a, a town 65 kilometers...

Technip awarded contract for ammonia plant in Slovakia
Technip says chemical company Duslo (Sal’a, Slovakia) has awarded it a contract on lump-sum, turnkey basis to develop the engineering, procurement, and construction of a new ammonia production unit to be built in the company’s existing fertilizer...

Petkim restarts expanded PTA plant
Petkim (Aliaga, Turkey) is restarting its newly expanded purified terephthalic acid (PTA) unit at Aliaga. The project to increase PTA capacity at the site from 70,000 m.t./year to 110,000 m.t./year was announced in 2013 and forms part of a $10.0-billion...

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MIDDLE EAST

Shell's Pearl GTL plant in Qatar in 2-month turnaround
Shell's Pearl gas-to-liquids (GTL) plant, in Qatar has entered a planned maintenance turnaround in February 2015. Pearl GTL comprises two identical GTL 'trains', with a total capacity of 140,000 bbls/day of GTL products plus 120,000 bbls/day of natural gas...

Petro Rabigh plans a 50-day shutdown of all facilities for turnaround
Rabigh Refining and Petrochemical Co. (Petro Rabigh; Rabigh, Saudi Arabia), a joint venture between Saudi Aramco and Sumitomo Chemical, announced today that its board of directors on Tuesday approved a comprehensive and scheduled plan to carry out maintenance...

Orpic completes prequalification of E&C firms for Liwa project
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) said today that it has finalized the prequalification process for the engineering, procurement, and construction (EPC) work packages for the previously announced Liwa plastics complex. The...

Ma'aden resumes production at ammonia plant after maintenance
The Saudi Arabian Mining Co., (Ma’aden) said today that Ma’aden Phosphate Company (MPC), a joint venture owned 70% by Ma’aden and 30% by Sabic, has resumed operations at its ammonia plant on Friday. The plant at Ras Al Khair City was down...

Saudi company receives land allocation from Royal Commission for soda ash project
IDEA Soda Ash and Calcium Chloride Co. (Isacc; Al Khubar, Saudi Arabia) said today that it has received approval from the Royal Commission for Jubail and Yanbu for 1 million square meters of land at Yanbu, Saudi Arabia, for its previously announced project...

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AFRICA

IFF expands flavors facility in South Africa
International Flavors & Fragrances (IFF), a creator of flavors and fragrances for consumer products, says that it has expanded its flavors facility at Isando, South Africa. The new facility includes flavor creation, application and sensory laboratories...

Brenntag to acquire specialty chemicals distributor in South Africa
Brenntag says that it has agreed to acquire Lionheart Chemical Enterprises (Johannesburg), a specialty chemicals distributor in the South African market operating mainly in the food and beverage sector. Financial details of the deal have not been disclosed...

Air Liquide to build world's largest ASU in South Africa to supply Sasol
Air Liquide and Sasol have signed a long-term agreement for the supply of large quantities of industrial gases to Sasol’s Secunda, South Africa, site about 140 kilometers east of Johannesburg. Air Liquide will invest about €200 million ($227...

CB&I awarded contract for polypropylene project in Egypt
CB&I today announced that it has been awarded a contract by Carbon Holdings (Cairo) for the license and engineering design of a polypropylene (PP) unit to be built at Ain Sokhna, Egypt. The unit will be aligned to the previously announced Tahrir...

Cipla UK forms JV in Morocco, will invest in new plant
Cipla (Mumbai), a global pharma company, today announced that its wholly owned, UK-based subsidiary, Cipla (EU) Ltd, has entered into a joint venture agreement with Cipla’s existing business partners in Morocco, Societe Marocaine de Cooperation...

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SOUTHEAST ASIA

Singapore's chemicals output slips on lower petchems production
Singapore’s chemicals cluster output slipped 0.5% YOY in January, the country's Economic Development Board (EDB) said today. However, the country’s overall manufacturing output edged up 0.9%, excluding the biomedical cluster. The chemicals cluster...

DIC to establish polymer technical center in Thailand
DIC (Tokyo) says that it will establish a polymer technical center in Thailand. The facility, Polymer Technical Center—Asia Pacific, will be located within the production site of Siam Chemical Industry (Bangkok), a DIC subsidiary, in the Bangpoo...

India extends antidumping duty on acetone from Korea by five years
India has extended an antidumping duty on acetone from South Korea by five years starting 18 February, the Ministry of Finance (New Delhi) says. The extension results from a sunset review (SSR) carried out by the Ministry of Commerce and Industry (New Delhi)...

Indorama widens fourth-quarter loss, looking at acquisitions worth over $1 billion this year
Indorama Ventures (Bangkok) reports a net loss of 890 million baht ($27.3 million) for the fourth quarter of 2014, compared with a net loss of baht456 million in the fourth quarter of 2013. Fourth-quarter sales decreased 5.2%, to baht54.62 billion, mainly due...

BASF Petronas Chemicals to build 2-EH acid plant in Malaysia
BASF and Petronas Chemicals announced today that they will build a world-scale plant, which will produce 2-ethylhexanoic (2-EH) acid, at the site of their existing joint venture, BASF Petronas Chemicals, at Kuantan, Malaysia. Construction of the plant, which...

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NORTH ASIA

Sumitomo Chemical to integrate environmental health and vector control businesses
Sumitomo Chemical says that it will integrate its environmental health and vector control businesses into a reorganized environmental health division, effective 1 April. Sumitomo’s environmental health division currently focuses on household...

Axiall, Lotte delay decision on Louisiana cracker project
Axiall reiterated on 25 February its recent decision to delay construction of an ethane cracker in Louisiana until after the first quarter because of uncertainty in energy markets. On a conference call with financial analysts on 19 February, Axiall president...

Asian traders confirm US-to-China arbitrage for benzene amid wide spot-price gap
Asian market sources have confirmed that a price premium that spot benzene cargoes in Asia currently command over their US counterparts has resulted in a rare reverse arbitrage opening to China. One trader said today that at least 10,000 m.t. of benzene...

Mitsubishi Gas Chemical to increase stake in foamed plastics firm JSP
Mitsubishi Gas Chemical (MGC) says that it will increase its stake in foamed plastics firm JSP Corp. (Tokyo) from 42% to about 51%, through a tender offer. JSP, which was established in 1962 by Japan Gas Chemical, is listed on the Tokyo Stock Exchange (TSE)...

Mitsui Chemicals restructures business segments
Mitsui Chemicals has announced an organizational restructuring, which will become effective on 1 April. The company’s fine & performance chemicals division within the functional chemicals business segment will be transferred to the basic chemicals...

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CHINA

Asian traders confirm US-to-China arbitrage for benzene amid wide spot-price gap
Asian market sources have confirmed that a price premium that spot benzene cargoes in Asia currently command over their US counterparts has resulted in a rare reverse arbitrage opening to China. One trader said today that at least 10,000 m.t. of benzene...

Rare Europe-to-Asia arbitrage opens as Europe's benzene market lengthens
A rarely seen arbitrage between Europe and Asia for benzene has opened and reportedly been worked as Europe still struggles to deal with length in its domestic system heading into March. Given recent expansions in Asia's aromatics capacity, the more usual...

Albemarle’s Chemetall unit buys out partners in Shanghai JV
Albemarle says that its Chemetall surface treatment business unit has completed the acquisition of all shares of its Shanghai Chemetall joint venture and is now the sole owner of the entity. Shanghai Chemetall, which was established as a jv with two Chinese...

Reports: China mulls merging CNPC and Sinopec
The Chinese government is considering merging certain state-owned energy companies, and one merger being considered is that of China National Petroleum Corp. (CNPC; Beijing), the parent company of PetroChina; and Sinopec, the Wall Street Journal reports...

Arkema’s call option to increase share in acrylic acid JV in China extended until January 2016
Arkema and Jurong Chemical (Yancheng, China), the leading acrylic acid manufacturer in China, today announced that they have entered into an agreement, which extends until January 2016, the period for Arkema to exercise its call option to increase its share...

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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....

Granules OmniChem JV opens API plant in India
Granules India (Hyderabad), a producer of active pharmaceutical ingredients (APIs), intermediates, and formulations, says that its Granules OmniChem joint venture has opened its previously announced new manufacturing facility for APIs and pharma intermediates...

India extends antidumping duty on acetone from Korea by five years
India has extended an antidumping duty on acetone from South Korea by five years starting 18 February, the Ministry of Finance (New Delhi) says. The extension results from a sunset review (SSR) carried out by the Ministry of Commerce and Industry (New Delhi)...

Jamnagar, one of the largest construction sites, readies for the next stage
Reliance Industries’ refinery and petrochemical complex at Jamnagar, Gujarat state, is witnessing a phenomenal expansion phase....

Nuplex reports huge rise in profits
Polymer resins producer Nuplex Industries (Auckland) says net profits for the company’s fiscal first half, ended 31 December 2014 more than tripled, compared with the first half of the previous fiscal year, to NZ$37.3 million ($28.7 million). First-half...

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AUSTRALIA/NEW ZEALAND

Nuplex reports huge rise in profits
Polymer resins producer Nuplex Industries (Auckland) says net profits for the company’s fiscal first half, ended 31 December 2014 more than tripled, compared with the first half of the previous fiscal year, to NZ$37.3 million ($28.7 million). First-half...

Jacobs Engineering awarded LNG contract in Australia
Jacobs Engineering says it has been awarded a multi-year engineering services contract by ConocoPhillips to support the capital program for the Australia Pacific LNG facility after its completion. The liquefied natural gas (LNG) facility is located on Curtis...

Nufarm to close manufacturing plant in the Netherlands
Agricultural chemical firm Nufarm (Melbourne) today announced that the company will permanently close its plant in Botlek at Rotterdam, the Netherlands; and implement efficiency programs that will reduce costs and increase capacity at the company’s...

Nufarm appoints acting CEO, implements cost cutting measures
Nufarm's chairman Donald McGauchie, today announced that managing director and CEO Doug Rathbone had stepped down and that a global search for his , replacement had commenced. McGauchie said the group executive for commercial operations, Greg Hunt, had been...

Air Liquide to build ASU in Australia
Air Liquide says that it has entered into a long-term agreement in Australia with Nyrstar (Balen, Belgium), an integrated mining and metals company. Air Liquide will invest €60.0 million ($67.8 million) to build a new air separation unit (ASU) as part of...

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