IHS Chemical Week

Regions :: South America

Venezuela (60)

Brazil (620)

Argentina (130)


VENEZUELA

Praxair to shift exchange rate for Venezuela operations
Praxair says it is changing its exchange rate to line up with the Sicad II rate of 50 bolivars to the dollar rather than government's official exchange rate of 6.3 bolivars to the dollar. Sicad II is a currency trading system set up by the Venezuelan...

Rosneft buys Lukoil's stake in Venezuela-focused NOC consortium
Energy majors Lukoil (Moscow) and Rosneft Petroleum Co. (Moscow) have signed a package of legally binding documents covering the sale by Lukoil of its interest in the National Oil Consortium (NOC). Lukoil intends to divest its 20% stake in the authorized...

US Virgin Islands rejects terms of Hovensa sale

In a 13-2 vote, the legislature of the US Virgin Islands has rejected an operating agreement proposed by Atlantic Basin Refining as part a deal to acquire the 355,000-bbl/day Hovensa refinery at Saint Croix, VI, from its current owners, PDVSA (Caracas) and Hess (New York).

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Pequiven starts production at expanded fertilizer plant in Venezuela
Fertilizer production has begun at the expanded Petroquimica de Venezuela (Pequiven; Valencia, Venezuela) Hugo Chavez Petrochemical Complex—formerly known as Morón Petrochemical Complex—Petróleos de Venezuela (PDVSA; Caracas) has...

PDVSA restarts FCC unit at El Palito refinery
Petroleos de Venezuela (PDVSA; Caracas) has restarted its fluid catalytic cracking (FCC) unit at the El Palito, Venezuela refinery, after scheduled maintenance, the company announced. Petroquímica de Venezuela (Caracas) operates several aromatics...

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BRAZIL

Brazil fertilizer producer ponders mothballing operations, partnering or divesting assets
Phosphate fertilizer producer MBAC Fertilizer (Toronto) has put its Itafós Arraias, Brazil, operations into minimum production mode to conserve working capital because now is the low season for fertilizer sales in Brazil. The company says that, to...

Clariant acquires stake in Brazilian health- and personal-care firm Beraca
Clariant said today that it is acquiring a 30% stake in the health- and personal-care business of Beraca (São Paulo), a leading provider of natural and organic ingredients, with the possibility of raising this to a majority stake in the future. The...

Petrobras says refinery blast will not impact supply
Petrobras reiterated yesterday that supply to the market would not be affected by a recent explosion at the company’s Landulfo Alves refinery in Bahia State, Brazil. The refinery had an explosion in a duct in the hydrogen generation plant on 18 January...

Brazil's chemical trade deficit down 2.4% in 2014
Brazil's chemical trade deficit totaled about $31.2 billion in 2014—approximately $400 million below estimates disclosed by the country's chemical industry association (Abiquim; São Paulo) during its annual meeting last December, says Abiquim...

Boeing, Embraer in biobased aviation fuel R&D partnership
Boeing and Embraer have opened a joint sustainable aviation biofuel research center in Brazil—a collaborative effort to establish further the aviation biofuel industry. The Boeing-Embraer Joint Research Center is located at the São José...

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ARGENTINA

Ecolab to acquire Clariant’s water treatment business in Latin America
Clariant says that it has signed an agreement to divest its water treatment business operating in Argentina, Brazil, and Colombia to Ecolab. Financial details of the deal have not been disclosed. Clariant's water treatment business in Latin 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...

Sumitomo Chemical, Monsanto expand weed management collaboration to South America
Sumitomo Chemical and Monsanto say that they have entered into long-term agreements to collaborate on weed management in Brazil and Argentina, expanding their ongoing strategic partnership in North America. The objective of these new agreements is to continue...

SQM's reports 39.6% Ebitda margin in third quarter, highest for six quarters
Sociedad Química y Minera de Chile (SQM; Santigo) reported a net income of $66.4 million during the third quarter compared with $138.9 million year-on-year (YOY). However, this comparison reflects the sale of royalties for the Antucoya mining project...

Dow to expand PE capacity in Argentina
Dow Chemical plans to expand capacity and enhance production technologies and equipment at its four polyethylene (PE) production units at Bahia Blanca, Argentina, starting in 2015. The company has not indicated the size of the expansion or the magnitude of...

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