IHS Chemical Week

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U.S. (11905)


U.S.

Bayer CropScience forms innovation partnership with venture capital firm Flagship Ventures
Bayer CropScience on Tuesday announced a strategic innovation partnership with Flagship Ventures, a leading venture capital and venture creation firm. The partnership also includes an investment in Flagship Ventures Fund V, a $537-million venture capital fund...

Boardwalk Pipeline confirms early July restart for Evangeline Pipeline
Boardwalk Pipeline confirmed on Monday that its Evangeline ethylene pipeline has an estimated in-service restart date of 1 July. The early July restart date was in line with market discussion last week that the pipeline would be back online in late June. The...

US retail gasoline prices up 19 consecutive days
The national average price of regular unleaded gasoline has moved higher for 19 consecutive days for a total of 23 cents per gallon, due to higher crude oil costs and a number of refinery issues, according to automotive association AAA today...

Westlake misses estimates as crude takes toll on olefin margins
Westlake says conversions to cost-advantaged ethane feedstock improved first-quarter margins in the vinyls chain, but the gain was more than offset by lower margins in olefins. The company reports first-quarter net income of $146 million, down 7.6% year-on-year (YOY) from $158 million. Net sales increased 7.4% YOY to $1.104 billion, mainly on the contribution of Vinnolit, the specialty PVC resin business acquired last July. Earnings per share of $1.10 fell short of the analysts’ consensus estimate of $1.18, as compiled by Thomson Reuters (New York)....

PQ confirms new CEO
PQ has named George Biltz president and CEO, effective 1 May. Biltz succeeds Michael Boyce, who will continue to serve as PQ chairman. PQ is a leading producer of silicates, specialty glass, and catalysts. Biltz most recently served as executive...

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