IHS Chemical Week

Regions :: South America

Venezuela (63)

Brazil (659)

Argentina (138)


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

Braskem's first-quarter net income falls by almost half
Braskem reported net income of $204 million reais ($66.8 million) for the first quarter, down by almost a half from R$396 million in the corresponding period of last year. The company's first-quarter consolidated Ebitda was R$1.49 billion, up 10% year-on-year...

Hexion opens resins line at Russia JV; readies resin, emulsions capacity in Brazil
Hexion (Columbus, OH) and Shchekinoazot (Pervomaysky, Russia) have opened a second reactor at the companies' manufacturing joint venture near Tula, Russia, Hexion says. The jv, Hexion-Shchekinoazot, produces a range of resin systems used in mineral wool...

Fluor consortium awarded contract for natural gas development project in Brazil
Fluor Corp.’s Brazil unit, as part of a consortium, has been awarded a contract by Parnaíba Gás Natural (PGN) for engineering, procurement and construction (EPC) of a natural gas field development project in the state of Maranhão...

Petrobras reports a big net loss due to corruption charges, asset writedowns
Petrobras's net loss totaled 26.6 billion reais ($8.85 billion) in the fourth quarter of 2014, and revenue was 85.04 billion reais, according to the delayed, audited results that the company published earlier this week. The net loss includes a 6.2-billion...

Australia fertilizer developer acquires Brazil potash project
Harvest Minerals (Subiaco, Australia) has acquired the Sergi potash project, near Vales in the state of Sergipe, Brazil. Harvest Minerals has entered into a binding agreement with private company Kmine Holdings, which holds a 100% interest in the mineral...

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ARGENTINA

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...

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...

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