IHS Chemical Week

Regions :: South America

Venezuela (61)

Brazil (634)

Argentina (132)


VENEZUELA

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...

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...

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BRAZIL

Oxiteno Ebitda drops in fourth quarter
Oxiteno, the chemicals business of Ultrapar (São Paulo), posted a 98 million reais ($34 million) Ebitda during the last quarter of 2014 down 9% year-on-year (YOY), according to Ultrapar's latest results. The drop was mainly due to the reduction in the...

Report: Petrobras mulls $3-billion asset sale
Petrobras has hired JP Morgan Chase to run $3 billion worth of asset sales planned for this year, according to a Reuters report citing two sources with direct knowledge.  Petrobras and JPMorgan reportedly declined to comment. The significant fall in...

Bolivia's YPFB fertilizer project 64% complete
The construction of Yacimientos Petroliferos Fiscales Bolivianos' (YPFB; La Paz) previously announced fertilizer complex at Bulo Bulo, Bolivia, is advancing and is 64.4% complete, says Guillermo Achá Morales, president of YPFB. Samsung Engineering, the...

Braskem board yet to approve 2015 budget, future of Comperj petchems project uncertain
Braskem has not yet approved its 2015 investment budget, and the company's board has decided to take a couple of extra months to refine it because of the volatility in energy markets earlier this year, Carlos Fadigas, CEO of Braskem, said during a recent...

Evogene signs castor bean collaboration deal with Brazilian agribusiness firm
Evogene's (Rehovot, Israel) wholly owned subsidiary, Evofuel; and Insolo Agroindustrial (Sao Paulo) have signed a collaboration agreement for the selection and optimization of Evofuel's proprietary castor bean varieties in Insolo farms located in Piaui State...

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ARGENTINA

Bayer CropScience and Plant Impact sign soy deal covering the Americas
Plant Impact Plc today announced that it has signed an agreement with Bayer CropScience to develop yield-enhancing technologies for soy cultivation.  The agreement encompasses a multi-year partnership for Plant Impact to develop, and Bayer CropScience to...

YPF, Sinopec plan oil and gas JV in Argentina
Yacimientos Petroliferos Fiscales (YPF; Buenos Aires) and Sinopec have signed a memorandum of understanding (MOU) with the intention of forming a partnership to develop projects in oil, and conventional and unconventional gas in Argentina. The MOU, signed in...

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...

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