IHS Chemical Week

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Belgium (705)


BELGIUM

Cefic study—Costly energy, lower R&D spending have eroded EU chemical sector's competitiveness
High energy costs and lower R&D spending have eroded the competitiveness of the European Union's chemical industry in export markets during the last two decades, Cefic says. A study by Oxford Economics (Oxford, UK), commissioned by Cefic—published...

BP to invest $200 million at PTA plants in US, Belgium
BP announced today that it plans to invest more than $200 million to upgrade its purified terephthalic acid (PTA) plants at Cooper River, SC; and Geel, Belgium. The investments will position the two plants among the most efficient PTA manufacturing facilities...

European HFC producers support action for a cap and reduction
The European Fluorocarbons Technical Committee (EFCTC), part of Cefic, says it encourages parties to the Montreal Protocol to reach an agreement for a global cap and a reduction in the consumption of hydrofluorocarbons (HFCs), using an approach weighted on...

Solvay reports higher income and revenues, will seek alternative options to sell Indupa
Solvay today reported third-quarter net income of €133.0 million ($165.7 million), up 12% year-on-year (YOY), on sales 7.9% higher at €2.59 billion. Recurring Ebitda (Rebitda) was 9.5% up at €458 million, 3% higher than consensus estimates. The...

Solvay seeking to divest Acetow business?
Solvay’s spokesperson on Sunday declined to comment to CW on a report on Bloomberg that the company has hired Goldman Sachs and Credit Suisse Group to advise it in a possible sale of its Acetow business. Acetow is a leading global producer of cellulose...

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