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CANADA

ICL to acquire remaining shares in Allana Potash
Israel Chemicals Ltd. (ICL; Tel Aviv) today announced that it has entered into an agreement with Allana Potash (Toronto), a potash mining company whose shares are traded on the Toronto Stock Exchange, to acquire all the common shares of Allana. ICL currently...

Indorama to acquire Cepsa’s PTA facility in Canada
Indorama Ventures (Bangkok) says that it has signed an agreement to acquire the purified terephthalic acid (PTA) facility at Montreal that belongs to energy company Cepsa's (Madrid) chemicals subsidiary. The 600,000-m.t./year plant is the only PTA facility in...

North American weekly chemical railcar traffic flat YOY

During the week ended 14 March, chemical railcar traffic in North America changed little year-over-year (YOY) as gains in Canada offset declines in the United States and Mexico. For all of North America, chemical railcar traffic during the week totaled 43,582 carloads, down 0.06% from the previous week, and up 0.2% YOY, according to data released on 11 March by the Association of American Railroads (AAR). For the year to date, chemical railcar traffic in North America is up 3.4%, versus a 2.6% increase in all railcar traffic, according to the AAR.

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Argex signs LOI for distribution of by-products from new titanium dioxide plant
Argex Titanium (Montreal), a company entering the titanium dioxide (TiO2) market, says it has signed a letter of intent with PVS Chemicals, a producer, distributor, and marketer of chemicals; and PVS’s wholly owned subsidiary Fanchem to distribute...

Saskatchewan introduces changes to potash taxation, PotashCorp 'disappointed'
The provincial government of Saskatchewan is implementing interim changes to potash taxation. The province is changing the way in which potash companies can claim capital expenditures (capex) as tax deductions, effective 1 January 2015. All capex will...

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