IHS Chemical Week

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Fluor awarded front-end contract for PTTGC's Ohio cracker
PTT Global Chemical (PTTGC; Bangkok) has selected a Fluor-led team to perform front-end engineering and design work for its proposed petrochemical complex in Belmont County, Ohio. The team includes Fluor, Technip and SK E&C. Fluor says it will book the...

Formosa eyes two more crackers as part of $9.4-billion Louisiana project
Formosa Petrochemical (Taipei) says it is evaluating a $9.4-billion petrochemical complex in St. James Parish, Louisiana that would include two new crackers. A final investment decision is expected by mid-2016. The project was announced 3 September by...

Ferro to acquire Egypt tile coatings manufacturer
Ferro says that it has agreed with the shareholders of tile coatings manufacturer Al Salomi for Frit and Glazes (Cairo) to acquire Al Salomi on a cash-free and debt-free basis for about $39 million in cash. Al Salomi is one of the leading manufacturers of...

LSB Industries' CEO steps down; further issues at Oklahoma facility
LSB Industries has announced president and CEO Barry Golsen has stepped down, effective immediately, after 38 years with the company. Golsen will be replaced by Daniel Greenwell, currently lead independent director, on an interim basis. LSB’s board...

ConocoPhillips plans to cut 10% of global workforce
ConocoPhillips confirmed on Tuesday it plans to cut 10% of its global workforce because of low crude oil prices. The majority of the reductions will be occurring in North America. The company had informed its global workforce back in January that reductions...

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