IHS Chemical Week

Regions :: South America

Venezuela (63)

Brazil (685)

Argentina (139)


VENEZUELA

SQM appoints new CEO
Sociedad Química y Minera de Chile (SQM; Santiago) says that its board of directors, in an extraordinary meeting on 16 March, decided to terminate the employment contract of Patricio Contesse, its former CEO. The board has appointed Patricio de...

Shell appoints Evonik as distributor of GTL hardwaxes in South America
Evonik Industries said today that it has been appointed by Shell MDS (Malaysia) as the new distributor for Shell’s Gas-to-Liquid Hardwaxes (GTL Hardwaxes) in South America. Evonik has been distributing the products, sold under the Shell GTL Sarawax...

Peru's government reaffirms commitment to developing petchems hub
Peru’s ministry of energy and mining has reaffirmed the commitment of the government to develop a petrochemical complex in the southern part of the country, the ministry announced today. A  technical study by IHS–available to interested...

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...

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BRAZIL

Evonik expands global R&D for cosmetics, personal care
Evonik Industries is globalizing its R&D activities for the global cosmetics industry, and at the same time using local R&D to strengthen its position in important growth markets. The company recently opened innovation centers in Midrand (South...

Braskem signs partnership to improve transport at Triunfo petchem hub in Brazil
Braskem (São Paulo) and Tecon Rio Grande (Rio Grande, Brazil), a wholly owned subsidiary of Wilson Sons (Hamilton, Bermuda), have signed a partnership to resume moving containers at Terminal Santa Clara, located at the Triunfo Petrochemical Hub...

Petrobras confirms it is considering options for fuel distribution unit
The board of Petrobras (Rio de Janeiro) has confirmed that the company is considering "strategic alternatives" for its wholly owned fuel-distribution subsidiary, Petrobras Distribuidora. The clarification follows a report that Petrobras is preparing...

Petrobras internal investigation finds irregularities in 2009 naphtha contract with Braskem
Petrobras (Rio de Janeiro) has confirmed that an internal investigation committee has found irregularities in the approval process of a July 2009 contract to provide Braskem (São Paulo) with naphtha. The findings are the outcome of an analysis by the...

Brazil's chemical trade deficit drops in first half as economic slowdown dents domestic demand
Brazil’s cumulative chemical trade deficit reached $12.5 billion in the first half of this year, according to figures disclosed by the country's chemical industry association Abiquim (São Paulo). This indicator reached $29.1 billion in the 12...

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ARGENTINA

Trafigura invests $350 million to develop port, logistics facility in Argentina
Trafigura (Lucerne, Switzerland) is developing a $350-million facility in Argentina comprising a port area and a logistics center with fuel and petroleum storage capacity, according to a statement from the Ministry of Industry (Buenos Aires). The facility, at...

SQM's first-quarter net income shrinks
Sociedad Química y Minera de Chile (SQM; Santiago) reports net income of $71.7 million for the first quarter, down from $81 million one year earlier. Income before tax was $99.6 million, shrinking almost 10% year-on-year (YOY). Revenue also took a hit...

Clariant completes divestment of water treatment business in Latin America to Ecolab
Clariant says that it has completed the previously announced divestment of the company’s water treatment business located in Argentina, Brazil and Colombia, to Ecolab. In Colombia, the transaction will be in effect as soon as it is approved by local...

PotashCorp representatives resign from SQM board
The three directors that PotashCorp nominated to the board of Sociedad Química y Minera de Chile (SQM; Santiago) have resigned from SQM's board. The announcement follows the Chilean public prosecutor's recent allegations of wrongdoing by SQM and its...

SQM appoints new CEO
Sociedad Química y Minera de Chile (SQM; Santiago) says that its board of directors, in an extraordinary meeting on 16 March, decided to terminate the employment contract of Patricio Contesse, its former CEO. The board has appointed Patricio de...

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