IHS Chemical Week

Regions :: Western Europe

U.K. (1230)

Sweden (212)

Finland (275)

Denmark (157)

Netherlands (764)

Belgium (801)

Germany (2385)

France (859)

Spain (214)

Italy (335)

Switzerland (600)

Austria (163)


U.K.

Lower fuel costs buoy Stolt-Nielsen's second-quarter profit
Stolt-Nielsen says that its net profits increased to $42.5 million in the second quarter from $30.8 million in the corresponding period of last year, on revenue of $500.7 million, down from $543.4 million. Stolt's operating profit increased year-on-year (YOY)...

Synthomer's second-quarter profit ahead in Asia but Europe and NA lag behind
Synthomer (Harlow, UK) on Thursday issued a trading update ahead of its interim results on 11 August 2015 and says the board’s expectations for the full year remain unchanged. In Europe and North America where first quarter volumes were slightly behind...

CF Industries buys out Yara in GrowHow UK joint venture for $580 million
CF Industries (Deerfield, IL) and Yara International (Oslo) today announced that CF will acquire Yara’s 50% equity interest in their equally owned GrowHow UK (Ince, UK) fertilizer joint venture, for $580 million. GrowHow UK owns and operates nitrogen...

Borealis and Nexeo extend plastics distribution partnership
Borealis and Nexeo Solutions, a leader in plastics distribution, have announced an agreement to extend and further develop their existing partnership. Borealis is emphasizing the rigid and flexible packaging and fiber market, as well as the automotive...

Sirius wins final planning permission for controversial UK potash project
Sirius Minerals (London) has won final planning permission for its $3 billion York Potash project near Whitby in the north of England, four years after the plan was first revealed. The 23-member North York Moors National Park special planning authority voted...

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SWEDEN

Perstorp acquires Koei Chemical’s pentaerythritol business
Perstorp (Perstorp, Sweden) says that it has acquired the pentaerythritol (penta), dipentaerythritol and sodium formate businesses, related technology as well as certain assets from chemicals producer Koei Chemical (Tokyo). Financial details of the deal have...

Recipharm acquires OnTarget Chemistry
Recipharm (Jordbro, Sweden) says that it has completed the acquisition of OnTarget Chemistry (Uppsala, Sweden), a contract research organization that offers synthetic and analytical chemistry services. The purchase price was 15.1 million Swedish kronor ($1.8...

Canadian firm acquires Vopak’s petroleum and petrochemical terminals in Sweden
Vopak and Inter Pipeline (Calgary, AB), a transportation and storage company, say that Inter Pipeline has completed the acquisition of four petroleum and petrochemical storage terminals in Sweden from Vopak, for about 865 million Swedish kronor ($105...

Perstorp sells remaining shares in Polygiene
Perstorp (Perstorp, Sweden) says that it has sold its remaining shares in Polygiene (Malmö, Sweden) to Pooly Holding. Polygiene is a supplier of antimicrobial technology for the treatment of textiles and other materials. Introduced in 1999 as a product...

Finnish company inaugurates waste-based bioethanol plant in Sweden
St1 Biofuels (Helsinki) has inaugurated the first ethanol plant in Sweden that uses the company's Etanolix process. The plant, at Gothenburg, was delivered to North European BioTech (NEB; Helsinki). It recycles feedstocks, such as biowaste and process residue...

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FINLAND

Borealis phenol-acetone production expected to return to normal in July
Production of phenol and acetone at Borealis’s Porvoo, Finland site is not expected to return to normal levels until the second week of July, a company statement said Thursday. Borealis declared force majeure on supply of phenol and acetone out of...

Neste and HCS partner for biobased distillates
Neste (Espoo, Finland) and Haltermann Carless Solutions (HCS Group; Frankfurt) are establishing a preferred partnership for renewable distillate products, Neste said Wednesday. Using its patented NEXBTL technology, Neste will supply HCS with renewable...

Borealis declares force majeure on phenol, acetone from Finnish site
Borealis has declared force majeure on phenol and acetone supply from the company's Porvoo,  Finland site, effective 15 June and until further notice, the company has confirmed to CW. The unit came back recently from a six-week planned turnaround and it...

Neste's Porvoo refinery back from major turnaround—impact expected in quarterly results but full-year guidance unchanged
Neste's (Espoo, Finland) oil refinery at Porvoo, Finland is back in production after a scheduled maintenance turnaround, the company announced. The refinery startup proceeded as planned, and normal utilization should be reached within a few days, Neste says...

Metex signs agreement with UPM for production of MPG from cellulosic sugars
Biological chemistry firm METabolic EXplorer (Metex; Clermont-Ferrand, France) says it has today signed a joint development agreement with UPM (Helsinki) to develop a process for production of 1,2-propanediol (mono-propylene glycol, MPG) from cellulosic...

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DENMARK

Odfjell appoints CEO
Odfjell says that it has appointed Kristian Verner Mørch CEO and president., effective 1 August. Mørch succeeds Jan Hammer as president and CEO. Hammer left Odfjell in December 2014. Mørch has been an Odfjell board member since May 2014...

Novozymes to establish innovation campus in Denmark
Novozymes (Bagsværd, Denmark) says that it plans to establish a new innovation campus at Lyngby, Denmark in order to create a global hub for biotech research and business development. The company has signed a deal with the Lyngby-Taarbæk...

Danish protein-from–natural gas firm plans IPO in London
UniBio (Odense, Denmark), a biotechnology firm specializing in animal feed technology, plans to list on London’s Alternative Investment Market this year, aiming to raise £15 million ($23.5 million). UniBio has developed fermentation...

ECHA calls for evidence on uses of phthalate in articles, preparation for restriction
The European Chemicals Agency (ECHA; Helsinki) and the Danish Environmental Protection Agency (DEPA; Copenhagen) have announced that they will jointly investigate the need for a restriction on the placing on the market of articles containing any of four...

Topsoe and Unifrax partner to market improved ceramic catalytic filters to industrial market
Haldor Topsoe and Unifrax (Tonawanda, NY), a manufacturer of specialty fiber products, have signed a partnership agreement to commercialize an innovative line of catalytic filter candles. This new product family will be marketed as TopFrax filters and was...

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NETHERLANDS

Europe toluene contract prices for July settle higher
Europe's toluene contract prices for July have been settled within a range of $780-785/m.t., marking an increase of $5-10/m.t. on the June agreements. Not all market participants have been able to agree on a price and so, as in previous months this year...

Ashland to acquire AkzoNobel's biofunctional technology
Ashland has reached a deal to acquire AkzoNobel’s biomaterials technology. The technology selectively isolates desired components from living plants and marine sources to produce biofunctional ingredients. Targeted cellular fractions are gently...

Initial Europe o-xylene contract price for July settles higher
An initial July contract settlement for ortho-xylene (o-xylene) was reached today in Europe at €820/m.t. This is an increase of €10/m.t. over the June settlement of €810/m.t. The contract increment has been steady at €10/m.t. for the last...

DSM taps Valspar for Engineering Plastics director
DSM on Thursday announced leadership changes at its DSM Engineering Plastics unit. Roeland Polet has been named business group director, succeeding Roelof Westerbeek. Polet joins DSM from Valspar, where he most recently was senior v.p./global industrial and...

Europe styrene barge contract price for July settles lower
Europe's styrene barge contract price for July has settled at €1,325/m.t., a decrease of €85 from the June price of €1,410/m.t. This settlement follows the benzene contract price that was agreed on yesterday at $882/m.t. ( €792), an...

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BELGIUM

Europe toluene contract prices for July settle higher
Europe's toluene contract prices for July have been settled within a range of $780-785/m.t., marking an increase of $5-10/m.t. on the June agreements. Not all market participants have been able to agree on a price and so, as in previous months this year...

Initial Europe o-xylene contract price for July settles higher
An initial July contract settlement for ortho-xylene (o-xylene) was reached today in Europe at €820/m.t. This is an increase of €10/m.t. over the June settlement of €810/m.t. The contract increment has been steady at €10/m.t. for the last...

Euro Chlor appoints new executive director
Euro Chlor (Brussels), the federation representing chlor-alkali producers in the European Union and European Free Trade Agreement, said on Wednesday that Dolf van Wijk has been appointed as its new executive director, effective 1 July. He succeeds Alistair...

BASF exits SolVin PVC JV; Solvay, Ineos launch Inovyn
BASF has sold its 25% stake in the SolVin polyvinyl chloride (PVC) joint venture to its partner, Solvay. The deal closed today—financial details of the transaction have not been disclosed. It increases Solvay's stake in SolVin to 100%. Solvay...

Evonik completes butadiene, MTBE expansions at Antwerp
Evonik has commissioned production plants at Antwerp for C4-based products, on schedule, the company announced today. Meanwhile, at Marl, Germany, C4 capacities are also being increased, Evonik says. The combined investments at the two sites are in "the...

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GERMANY

DIC to establish PPS technical center in Germany
DIC (Tokyo) says that it will establish a new technical center for polyphenylene sulfide (PPS) compounds in Germany to meet the expanding and diverse technical requirements of its European customers. The European PPS Technical Center will be located at...

PotashCorp confident K+S concerns can be addressed
PotashCorp, responding to K+S’s (Kassel, Germany) rejection on Thursday of its unsolicited proposal to acquire K+S for €41/share ($45.50), valuing the bid at €7.84 billion, issued a statement saying that it is “confident K+S’s...

K+S rejects takeover bid from PotashCorp
K+S (Kassel, Germany) says that it has rejected an "unsolicited proposal" from PotashCorp to acquire all of  K+S's outstanding shares. PotashCorp's bid is at €41/share ($45.50), a price that "does not reflect the fundamental value of...

VCI calls for improvements in connecting European transport routes
A well-developed and efficient transport infrastructure in transit country Germany is of paramount importance for Europe as an industrial location, according to Gerd Deimel, spokesperson of the transport infrastructure initiative Germany’s chemical...

Archroma completes acquisition of BASF's textile chemicals business
Archroma (Reinach, Switzerland) has completed the previously announced acquisition of BASF's worldwide textile chemicals business. Archroma says that the deal reinforces the company's leading position in the textile chemicals and dyes industry. Included in...

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FRANCE

Bayer CropScience appoints new head of Environmental Science business
Bayer CropScience said on Wednesday that effective 1 July 2015 Jacqueline Applegate, 49, becomes head of Environmental Science, the non-agricultural business operations unit of Bayer CropScience, the world’s second largest agricultural chemicals player...

Bluestar Silicones invests in eleastomers production unit in France
Bluestar Silicones is investing €15 million ($16.7 million) to develop and modernize its elastomer production units at Saint Fons, France. The project will increase capacity and improve the productivity and quality of Bluestar Silicones’...

Arkema confirms targets, plans to double specialty molecular sieves capacity in France
Arkema, at its capital markets day in Paris on Monday, presented its strategy and ambitions and confirmed its mid- and long-term objectives. The group has also detailed its transformation since its stock market listing and the projects and strategies that...

One dead in terror attack at Air Products site in France
The incident began at about 10am local time when a car rammed into gas canisters at the plant. French media reports say that the victim was a local businessman who was killed away from the site. Air Products says that all of its employees are safe and accounted for. “I am horrified and saddened by the attack on our facility in France,” says Air Products chairman and CEO Seifi Ghasemi....

Novasep to build ADC facility in France
Novasep (Pompey, France), a supplier of services and technologies for the life sciences and chemical industries, today announced that it will build a fully integrated antibody drug conjugate (ADC) facility at the company’s site at Le Mans, France. The...

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SPAIN

Cepsa lifts force majeure on phenol, acetone at Huelva, Spain
Cepsa (Madrid) has lifted the force majeure on phenol and acetone supplies from the company's Huelva, Spain, site, the company confirmed Monday. The force majeure was originally declared in the second week of May, when a mechanical issue on the condenser at...

Dynamics of Europe, Mideast PTA markets poised to change as Artlant prepares to restart
Artlant PTA (Sines, Portugal) is expected to restart production in September. The company's 700,000-m.t./year purified terephthalic acid (PTA) plant was mothballed in April 2014, having only been onstream since 2012, according to IHS Chemical data. Artlant...

Highfield adds substantial exploration target to potash project in Spain
Highfield Resources (Pamplona, Spain) has added a large exploration target for the northwestern extension of its flagship potash project at Muga, Spain, that the company says could boost the project's scale and mine life substantially. The exploration target...

Cepsa expects phenol-acetone production at Spanish site to return to normal by July
Cepsa (Madrid) expects to be back at normal operating rates at its phenol and acetone production unit at Huelva, Spain by July although a force majeure on these products remains in place while stocks at the unit are being rebuilt, the company tells...

Lehigh Technologies launches subsidiary in Spain
Lehigh Technologies (Atlanta), a maker of micronized rubber powders (MRPs) for chemical applications, has launched a subsidiary in Spain, called Lehigh Spain, to grow its presence in the European market. The subsidiary, based in Barcelona, will handle...

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ITALY

Versalis and Chinese companies form green tire technology alliance
Versalis (Milan), the chemicals arm of Italy’s energy major ENI (Rome), said on Friday that it has joined forces with Chinese companies to develop innovative green tires based on breakthrough technology. Versalis and Ecombine and EVE Rubber Institute...

Sika buys out partner in Italy-based JV
Sika (Baar, Switzerland) says that it has acquired the remaining shares of the Addiment Italia (Medolago, Italy) joint venture from the jv partner, Buzzi Unicem (Casale Monferrato, Italy). Addiment Italia produces and sells concrete admixtures and cement...

Arsenal's IGM acquires Lamberti's photoinitiators
IGM Resins (Waalwijk, the Netherlands), a supplier of products and technical services to the radcure industry, has acquired the photoinitiator business of Lamberti (Gallarate, Italy). The business is a leading supplier of photoinitiators for UV curing technology. Terms were not disclosed....

Huntsman acquires polyurethane elastomer manufacturer Tecnoelastomeri
Huntsman Corp. says that it has completed the acquisition of Tecnoelastomeri (Castelfranco Emilia, Italy) a manufacturer and marketer of methylene di-para -phenylene isocyanate (MDI)-based hot-cast elastomer systems and processing machines. Financial details...

Solvay accelerates transformation, confirms 2016 targets
Solvay at a Capital Markets Day being held on Wednesday at Bollate, Italy, updated investors and analysts on its strategy and performance. Solvay has confirmed the strategic direction and 2016 financial targets it set in 2013 and discussed progress to date...

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SWITZERLAND

Clariant completes acquisition of remaining shares in CBB
Clariant says that, on 1 July, it completed the previously announced acquisition of the remaining 50% of shares of Companhia Brasileira de Bentonita (CBB; Vitória da Conquista, Brazil) from Geosol (Belo Horizonte, Brazil), a global company in...

CF Industries divests stake in Keytrade
CF Industries (Deerfield, IL) has sold its stake in Keytrade (Zurich), a worldwide fertilizer trader, to the company’s principals. Financial terms were not disclosed....

Monsanto still eager to merge with Syngenta but signals it has other options
Monsanto, announcing its third-quarter results today, reconfirmed that it is eager to merge with Syngenta. However, Monsanto signaled earlier that it has other options. Monsanto executives reiterated the company’s vision and strategic rationale for the...

Monsanto's takeover offer needs to reflect fair price, says Syngenta chairman
Syngenta’s chairman Michel Demaré on Tuesday said that future takeover proposals from Monsanto need to be at a fair price and provide a high degree of certainty that such a deal would clear antitrust hurdles. Demaré, in a newly-released...

Gurit raises financial outlook for first half of 2015
Gurit (Zurich), a producer of composite materials, on Tuesday said that it has raised the outlook for the company`s sales and earnings in the first half of 2015. Based on favorable year-to-date sales growth and the currently good demand mainly in the wind...

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AUSTRIA

Lenzing sells three business units
Lenzing (Lenzing, Austria) has announced today that it is selling three business units, part of Lenzing Technik, as part of its strategy of focusing more strongly on its core business of producing man-made cellulosic fibers. The mechatronics business area...

Borealis and Nexeo extend plastics distribution partnership
Borealis and Nexeo Solutions, a leader in plastics distribution, have announced an agreement to extend and further develop their existing partnership. Borealis is emphasizing the rigid and flexible packaging and fiber market, as well as the automotive...

Gazprom, E.On, Shell, and OMV agree to develop gas transmission infrastructure to deliver Russian gas to Europe
Alexey Miller, chairman of Gazprom; Klaus Schäfer, member of the board of E.ON; Ben van Beurden, CEO of Royal Dutch Shell; and Manfred Leitner, member of the board of OMV, on Thursday signed a memorandum of intent covering cooperating on a project to...

IPIC managing director appointed chairman of Borealis's supervisory board
Suhail Al Mazrouei replaces Khadem Al Qubaisi. Borealis on Tuesday announced the appointment of Suhail Al Mazrouei, managing director of International Petroleum Investment Co. (IPIC) to its supervisory board and the position of chairman of the supervisory...

OPEC maintains production levels
OPEC, at its 167th meeting, held today in Vienna, resolved to maintain crude oil production at the 30-million barrels/day ceiling and urged member countries to adhere to this target. World oil demand is forecast to increase in the second half of 2015 and in...

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