IHS Chemical Week

Regions

North America (12362)

South America (916)

Western Europe (7493)

Eastern Europe (1452)

Middle East (1540)

Africa (372)

Southeast Asia (1308)

North Asia (2152)

China (2342)

India/Pakistan (1370)

Australia/New Zealand (331)


NORTH AMERICA

DuPont files for performance chemicals spinoff Chemours
DuPont today filed with the US Securities and Exchange Commission (SEC; Washington) to launch a spinoff of its mostly-commodity performance chemicals business, over a year after the company announced the planned spin-off. The company will be called The...

Pemex appeals US court decision requiring $593 million be set aside for payout to consortium in lawsuit
Petróleos Mexicanos (Pemex) is appealing a decision by a New York court that requires the company to set aside $593 million for a potential payout to Conproca, a consortium formed by SK Engineering (Seoul) and Siemens. The consortium presented a...

BioNitrogen partners with Saipem for biomass-to-urea EPC services
BioNitrogen Holdings Corp. (West Palm Beach, FL), a cleantech company with technology that converts biomass into urea fertilizer, says it has signed an agreement with Saipem for the engineering, procurement, project management and construction services (EPC)...

LyondellBasell names Patel as next CEO
LyondellBasell has appointed executive v.p. Bhavesh Patel as its next CEO, effective 12 January 2015. Patel succeeds James Gallogly, who announced plans to retire in September....

Uralkali reports strong results, expects record potash deliveries this year
Uralkali (Berezniki, Russia), one of the largest potash producers, today announced its third-quarter results with revenues up 5% on the year-earlier quarter at $896 million. Production was up 19% at 3.2 million m.t. of potassium chloride (KCl) with sales...

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SOUTH AMERICA

Reports: Industrial action paralyses chemical hub in Argentina
Operations at the Zárate-Campana chemical cluster in Argentina have been paralyzed for one week as a result of industrial action, according to local media reports. The industrial action involves 3,000 chemical workers across 26 chemical companies in...

Mosaic completes acquisition of ADM fertilizer distribution business
Mosaic announced today that it has completed the previously announced acquisition of Archer Daniel Midland’s (ADM) fertilizer distribution business in Brazil and Paraguay for $350 million, including $150 million in working capital. Under the agreement...

BASF to supply Chery automotive plant in Brazil
BASF’s coatings division has become the sole supplier of automotive coatings for Chery's (Wuhu, China) automotive production plant at Jacarei, Brazil, which started operations in August....

IHS cuts 2015 crude oil price forecast sharply
IHS has cut its crude oil forecast sharply with the latest dated Brent projections lowered by about $22/bbl in 2015 and $11/bbl in 2016, according to IHS December Global Crude Oil Markets Short-Term Outlook. As a result, dated Brent is now expected to average...

Brazil's antitrust authority approves ICL's acquisition of Vale's share in Fosbrasil
Brazil's antitrust authority, Cade, has unanimously approved, albeit with restrictions, Israel Chemicals Ltd. (ICL) acquiring Vale’s stake in Fosbrasil, a joint venture producing purified phosphoric acid and raw materials for fertilizers. The acquisiton...

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WESTERN EUROPE

BASF, Gazprom abandon energy asset swap
BASF and Gazprom (Moscow) have abandoned plans for an energy asset swap that had been due for completion at the end of this year. Wintershall (Kassel, Germany), a BASF subsidiary,  was due to transfer its 50% stake in a natural gas trading and storage...

French turpentine producer invests in new CTO technology
Dérivés Résiniques et Terpéniques (DRT; Dax, France) has acquired a new crude tall oil (CTO) fractionation technology on its site at Vielle-Saint-Girons, France. Crude tall oil is a co-product deriving from kraft pulping. DRT has...

Australian firm signs potash export MOU with port authority in Spain
Highfield Resources (West Perth, Australia) has signed a memorandum of understanding (MOU) with the port authority of Passaia/Pasajés, northern Spain, the company announced today. The MOU provides a nonbinding commitment of port capacity for all of the...

ExxonMobil Chemical to close butyl rubber unit in France
ExxonMobil Chemical France, an ExxonMobil subsidiary, has confirmed that it plans to close the regular butyl rubber unit at the company's Notre Dame de Gravenchon, France complex. The closure is under review by the company's works council, ExxonMobil Chemical...

Uralkali reports strong results, expects record potash deliveries this year
Uralkali (Berezniki, Russia), one of the largest potash producers, today announced its third-quarter results with revenues up 5% on the year-earlier quarter at $896 million. Production was up 19% at 3.2 million m.t. of potassium chloride (KCl) with sales...

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EASTERN EUROPE

BASF, Gazprom abandon energy asset swap
BASF and Gazprom (Moscow) have abandoned plans for an energy asset swap that had been due for completion at the end of this year. Wintershall (Kassel, Germany), a BASF subsidiary,  was due to transfer its 50% stake in a natural gas trading and storage...

Uralkali reports strong results, expects record potash deliveries this year
Uralkali (Berezniki, Russia), one of the largest potash producers, today announced its third-quarter results with revenues up 5% on the year-earlier quarter at $896 million. Production was up 19% at 3.2 million m.t. of potassium chloride (KCl) with sales...

Grupa Azoty awards contract to Uhde Inventa-Fischer for nylon-6 project in Poland
Grupa Azoty (Tarnów, Poland) says it has signed a contract with Uhde Inventa-Fischer for the construction of a previously announced nylon-6 plant at Tarnów. The contract covers the purchase of licenses, process design, and project equipment. The...

Sibur's propane dehydrogenation plant reaches full capacity
UOP, a Honeywell subsidiary, says its C3 Oleflex process technology plant owned by Sibur (Moscow) has reached full capacity utilization. The facility, based at Tobolsk, Russia, will help meet the global supply shortage of the plastics building block. The...

Air Products to build ASU in Russia to supply industrial gases to Sibur
Sibur (Moscow) says that one of its subsidiaries, which specializes in processing liquid hydrocarbons and producing a number of petrochemical products, and Air Products have entered into an agreement for a new air separation unit (ASU) at Perm, Russia...

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MIDDLE EAST

Shell extends Evonik's distribution of GTL hardwaxes to emerging regions
Evonik Industries has been appointed by Shell MDS (Malaysia)—the joint venture owner and the operator of the Shell middle distillate synthesis plant in Bintulu, Sarawak—as the new distribution of gas-to-liquid hardwaxes (GTL hardwaxes) in South...

Nama Chemicals to restart chlor-alkali plant in January
Nama Chemicals (Al Jubail) says that it plans to restart its chlor-alkali production facility at Al Jubail on 5 January 2015. The plant has been down since a fire in the caustic soda unit on 16 November. Nama estimates the total financial impact of the...

Kazakhstan advances plans to become major potash player
Kazakhstan has received assurances that Chinese investors will pump $3.80 billion to develop potash deposits in Kazakhstan, according to investment and development minister of Kazakhstan Aset Isekeshev. The investment will increase potash production from the...

Tasnee appoints former Sabic CFO as its new CEO
The National Industrialization Co. (Tasnee; Riyadh) informed the Saudi Stock Exchange on Sunday that its board of directors has accepted the resignation of Salih bin Fahd Al Nazha, Tasnee’s CEO, because of personal reasons. He will be stepping down on...

IHS cuts 2015 crude oil price forecast sharply
IHS has cut its crude oil forecast sharply with the latest dated Brent projections lowered by about $22/bbl in 2015 and $11/bbl in 2016, according to IHS December Global Crude Oil Markets Short-Term Outlook. As a result, dated Brent is now expected to average...

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AFRICA

Shell extends Evonik's distribution of GTL hardwaxes to emerging regions
Evonik Industries has been appointed by Shell MDS (Malaysia)—the joint venture owner and the operator of the Shell middle distillate synthesis plant in Bintulu, Sarawak—as the new distribution of gas-to-liquid hardwaxes (GTL hardwaxes) in South...

IHS cuts 2015 crude oil price forecast sharply
IHS has cut its crude oil forecast sharply with the latest dated Brent projections lowered by about $22/bbl in 2015 and $11/bbl in 2016, according to IHS December Global Crude Oil Markets Short-Term Outlook. As a result, dated Brent is now expected to average...

Morocco's OCP posts third-quarter revenue up 13% on higher pricing, volume
Office Chérifien des Phosphates (OCP; Casablanca) reports 11.6 billion Moroccan dirhams ($1.30 billion) in revenue during the third quarter, up 13%  from DH10.2 billion one year earlier. Ebitda also increased, from DH3.44 billion in the third...

OPEC: Crude oil production to remain steady at 30 million bbls/day
Crude oil production will be maintained at a level of 30 million barrels/day, as was agreed in December 2011, in the interest of restoring market equilibrium, the Organization of the Petroleum Exporting Countries (OPEC; Vienna) says as it concluded its 166th...

Allana Potash provides update on optimization studies and project progress
Allana Potash (Toronto, ON) today provided an update on optimization studies currently underway on its Danakhil potash project in Ethiopia and on additional project infrastructure activities. Optimization studies include additional solution mining at one of...

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SOUTHEAST ASIA

BASF quits Ellba Eastern POSM joint venture with Shell
BASF and Shell have reached agreement for BASF to sell its 50% share in their propylene oxide-styrene monomer (POSM) joint venture, Ellba Eastern (Singapore) to Shell, making it a 100%-owned Shell subsidiary. The jv, which is operated by Shell, has a capacity...

Uralkali reports strong results, expects record potash deliveries this year
Uralkali (Berezniki, Russia), one of the largest potash producers, today announced its third-quarter results with revenues up 5% on the year-earlier quarter at $896 million. Production was up 19% at 3.2 million m.t. of potassium chloride (KCl) with sales...

SCG Chemicals acquires plastics institute in Norway
SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok) has acquired a 51% stake in plastics institute Norner (Stathelle, Norway) from the current Norwegian owners. SCG Chemicals has entered into an agreement with the current owners —...

Toray to expand polypropylene spunbond capacity in Indonesia
Toray Industries and its wholly owned subsidiary Toray Advanced Materials Korea (TAK; Seoul) will expand high-performance polypropylene (PP) spunbond production capacity at the Toray Polytech Jakarta (TPJ; Tangerang, Indonesia) site. PP spunbond production...

Umicore to build automotive catalyst facility in Thailand
Umicore (Brussels) says that it will construct a facility at the Hemaraj industrial estate in Thailand for the production of emission-control catalysts for light-duty vehicles. The plant will involve an investment of about €20.0 million ($24.8 million)...

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NORTH ASIA

Styrene stocks in eastern China fall 4% against last week
Styrene inventories in eastern China have dipped 4% this week, compared with last week, industry sources say. The inventory tally is estimated at 148,000 m.t., down about 7,000 m.t. or 4.5%. The slight fall is attributed to delayed shipments of imported...

Teijin to open second production line for separators for lithium ion secondary batteries
Teijin says that it will open a second production line in South Korea for Lielsort, an innovative separator for lithium ion secondary batteries (LIBs). Operations will begin on 24 December. Lielsort is used widely in smartphones and tablets. The new...

JSR and Chang Chun Petrochemical to establish JV to manufacture display materials in China
JSR (Tokyo) says that it has agreed with Taiwanese chemical company Chang Chun Petrochemical (Taipei) to establish a joint venture to manufacture display materials at Changshu, China. The jv company will be called JSR Micro Changshu, and JSR will hold a 51%...

LG Electronics and Dow link in quantum dot TV project
Dow Chemical will supply quantum dot material to LG Electronics, which is launching a new range of high-tech TVs in early 2015. Dow is building a quantum dot factory in South Korea using technology from Nanoco Group, with production starting in the first half...

South Korea's November styrene exports dip 4.0% from October
South Korea exported 126,232 m.t. of styrene in November, down 4.0%, from 131,765 m.t., in October, the latest Korea Customs Service data show. The fall mostly reflects a lack of styrene shipments to Taiwan in November—down from 5,042 m.t. in...

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CHINA

Uralkali reports strong results, expects record potash deliveries this year
Uralkali (Berezniki, Russia), one of the largest potash producers, today announced its third-quarter results with revenues up 5% on the year-earlier quarter at $896 million. Production was up 19% at 3.2 million m.t. of potassium chloride (KCl) with sales...

Styrene stocks in eastern China fall 4% against last week
Styrene inventories in eastern China have dipped 4% this week, compared with last week, industry sources say. The inventory tally is estimated at 148,000 m.t., down about 7,000 m.t. or 4.5%. The slight fall is attributed to delayed shipments of imported...

JSR and Chang Chun Petrochemical to establish JV to manufacture display materials in China
JSR (Tokyo) says that it has agreed with Taiwanese chemical company Chang Chun Petrochemical (Taipei) to establish a joint venture to manufacture display materials at Changshu, China. The jv company will be called JSR Micro Changshu, and JSR will hold a 51%...

Sinopec ups ethylene production at Maoming complex
Sinopec says that its Maoming olefins facility has increased its operating rates and is expected to produce a total of 1.14 million m.t. of ethylene during this year. Sinopec Maoming Co. in the January to November period produced 1,047,400 m.t. of ethylene...

ICL forms Chinese phosphates JV with Yunnan Yuntianhua
Israel Chemicals Ltd. (ICL; Tel Aviv) says it will invest up to $500.0 million for 50% ownership of a joint venture that will operate a fully integrated, world-scale phosphate business in China and a 15% strategic holding in Yunnan Yuntianhua (Kunming City...

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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....

Uralkali reports strong results, expects record potash deliveries this year
Uralkali (Berezniki, Russia), one of the largest potash producers, today announced its third-quarter results with revenues up 5% on the year-earlier quarter at $896 million. Production was up 19% at 3.2 million m.t. of potassium chloride (KCl) with sales...

Shell extends Evonik's distribution of GTL hardwaxes to emerging regions
Evonik Industries has been appointed by Shell MDS (Malaysia)—the joint venture owner and the operator of the Shell middle distillate synthesis plant in Bintulu, Sarawak—as the new distribution of gas-to-liquid hardwaxes (GTL hardwaxes) in South...

Technip receives oil and gas terminal contract from ONGC in India
Technip has been awarded a contract worth approximately €100.0 million ($124.1 million) by Oil and Natural Gas Corp. (ONGC; New Delhi) to build a 6.0-million standard cubic meter/day terminal at Odalarevu, Andra Pradesh State, India. The project forms...

BASF and Würth team up for automotive refinish coatings business in India
BASF subsidiary BASF India (Mumbai) says that a Würth (Künzelsau, Germany) subsidiary headquartered in Navi Mumbai, India, will take over the import, distribution, and technical services in India of Glasurit, a BASF automotive refinish...

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AUSTRALIA/NEW ZEALAND

Woodside delays final decision for Browse FLNG project to mid-2016
Woodside Petroleum (Perth, Australia) expects to make a final investment decision for its Browse floating liquefied natural gas (FLNG) project in mid-2016, the company said today. The company previously scheduled the decision for the second half of 2015. The...

Air Products builds hydrogen fueling station in Australia
Air Products announced that it has sold a hydrogen fueling station to Hyundai Motor Company Australia (HMCA). The station will be used to fuel a Hyundai ix35 hydrogen-powered zero-emission fuel cell electric vehicle, the first hydrogen-powered car to be...

Nuplex completes sale of distribution, masterbatch businesses in Australia and New Zealand
Polymer resins producer Nuplex Industries (Auckland) says that it has completed the sale of its Australia and New Zealand based agency and distribution business and its plastic additives business, to Axieo (Sydney). Axieo is a new company formed with funds...

Orica’s chemicals production site starts using recycled water
Orica (Melbourne) says that its Kooragang Island, Australia, site today started using recycled water across the majority of its site, a move that will save the Hunter Region up to 2.3 billion liters of drinking water a year. The Kooragang Island site is...

Orica to sell chemicals business to Blackstone for $652 million
Orica (Melbourne) today announced that it has agreed to sell the company’s chemicals business to funds advised by private equity firm Blackstone (New York) for A$750 million ($652 million). The transaction is expected to be completed in the first...

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