Latest News

Tronox to acquire Cristal titanium dioxide business, sell soda ash operations

February 21, 2017

Tronox has reached agreement to acquire the titanium dioxide (TiO2) business of The National Titanium Dioxide Co. (Cristal), a company controlled by Tasnee (Riyadh, Saudi Arabia).

Covestro swings to profit

February 21, 2017

Covestro reports fourth-quarter 2016 net income of €124 million ($132 million) compared with the net loss of €84 million in the year-earlier quarter.

Ecolab falls short of estimates as sales decline

February 21, 2017

Ecolab today reported fourth-quarter net income up 75% year-on-year (YOY), to $366.3 million, on sales down 2%, to $3.35 billion.

Praxair signs long-term contract with Celanese

February 21, 2017

Praxair has signed a 15-year agreement with Celanese to supply the company with carbon monoxide, oxygen and nitrogen in the U.S. Gulf Coast.

Report: Bharat Petroleum plans petchems investment

February 21, 2017

India’s state-owned Bharat Petroleum Corp. Ltd. (BPCL) plans to build a petrochemicals complex next to its Bina refinery in the state of Madhya Pradesh...

Bacanora takes 50% stake in Germany lithium project

February 21, 2017

Bacanora Minerals (Calgary, Canada) says it is to take a 50% stake in the Zinnwald lithium project in Germany. The consideration is for €5 million ($5.3 million) plus a further...

Ineos reports 2016 EBITDA gain

February 21, 2017

Ineos says it posted €4.3 billion ($4.6 billion) of EBITDA in 2016, up 7.5% from the prior year.

Kuwait goes ahead with $7.8-billion third olefins and second aromatics complex, awards contract to AFW

February 21, 2017

Petrochemical Industries Co. (PIC; Kuwait City) has signed a front-end engineering and design contract for its third olefins and second aromatics complex at Al-Zour, Kuwait, with Amec Foster Wheeler (AFW).

Mitsui Chemicals, SKC to establish polyurethanes systems house in India

February 21, 2017

Mitsui Chemicals & SKC Polyurethanes (MCNS), a 50-50 joint venture (JV) between Mitsui Chemicals and SKC (Seoul), have announced plans to establish a polyurethanes systems house in India.

Altana acquires metallography technology firm

February 21, 2017

Specialty chemicals firm Altana (Wesel, Germany) has announced the acquisition of Landa Metallography Technology, part of the Landa Group (Rehovot, Israel).

BioAmber CEO resigns, COO named president

February 21, 2017

Renewable chemicals maker BioAmber (Minneapolis, Minnesota) says that CEO and president Jean-Francois Huc has resigned for personal reasons, effective immediately.

Pruitt confirmed as EPA head

February 17, 2017

Oklahoma Attorney General Scott Pruitt, President Donald Trump's pick for EPA administrator, was confirmed this morning following a 52-46 vote in the Senate.

Styrene outage extended

February 17, 2017

Americas Styrenics on 16 February announced that it will have to extend the styrene outage at its St. James, Louisiana, facility into the second quarter to complete...

Huntsman receives approval to retain 40% stake in Venator

February 17, 2017

Huntsman says it has received a Private Letter Ruling from the IRS allowing it to retain a 40% economic interest in the tax-free spin-off of Venator Materials Corporation...

Odfjell hires JGC to engineer Seabrook ethylene terminal, FID to follow

February 17, 2017

Odfjell Terminals says it has awarded JGC America a basic engineering contract for the possible development of an ethylene export terminal at Seabrook...

Indorama's earnings soar on higher volumes and operating rates

February 17, 2017

Indorama Ventures (Bangkok) today announced its fourth-quarter and full-year results for 2016. In the fourth quarter, the company recorded an EBITDA of 7.25 billion...

Auto manufacturing cluster to be created at PlasChem Park, next to Sadara complex

February 17, 2017

Sadara (Al-Jubail, Saudi Arabia), a joint venture between Saudi Aramco and Dow Chemical, has signed a cooperation agreement with Saudi National Automobiles Manufacturing (SNAM) covering...

Merger of Abu Dhabi’s IPIC and Mubadala creates $125-billion giant

February 17, 2017

Two Abu Dhabi government-owned investment companies with major interests in the worldwide chemical industry—International Petroleum Investment Co. (IPIC) and Mubadala...

Vopak expands storage capacity in South Africa

February 17, 2017

Vopak and its partner Reatile Chemicals (Johannesburg, South Africa) have decided to expand their activities in South Africa.

Chemours reports fourth-quarter loss on PFOA settlement

February 16, 2017

Chemours (Wilmington, Delaware) reports a net loss of $230 million in the fourth quarter of 2016. The figure, which includes a perfluorooctanoic acid (PFOA) settlement charge of $335

IFF sales increase 7%

February 16, 2017

International Flavors & Fragrances (IFF) reports fourth-quarter 2016 net income up 1% year on year (YOY), to $79.9 million, on sales up 7%, to $762.6 million.

ExxonMobil adds lube oil base stocks capacity in Singapore

February 16, 2017

ExxonMobil announced Thursday the expansion of its Singapore refinery to support producing the company's EHC Group II base stocks.

PTT transfers holdings in petchem subsidiaries to PTTGC

February 16, 2017

Energy firm PTT (Bangkok, Thailand) is consolidating its petrochemical interests into its 48.9%-owned affiliate PTT Global Chemicals (PTTGC).

DSM acquires PV technology

February 16, 2017

DSM has acquired the technology and other assets of Suzhou Sunshine New Materials Technology, a producer of high-performance solar photovoltaic (PV) backsheet based on coextrusion technology.

Clariant earnings beat estimates

February 16, 2017

Clariant reports sales in the fourth quarter of 2016 of 1.548 billion Swiss francs, missing the consensus estimate by 1%, versus SF1.526 million in the year-ago quarter.

Thailand's PTT transfers holdings in petchem subsidiaries to PTTGC

February 16, 2017

Energy firm PTT (Bangkok, Thailand) is consolidating its petrochemical interests into its 48.9%-owned affiliate PTT Global Chemicals (PTTGC). PTTGC is acquiring some or all of PTT’s shares...

SABIC, Sonatrach to sign deal for petchem projects in Algeria

February 16, 2017

The Saudi minister of commerce and investment Majid bin Abdullah al-Qasabi said on a visit this week to Algiers, Algeria, that SABIC and Algeria’s state energy group Sonatrach are about to sign...

Showa Denko postpones 2016 results announcement, downgrades net income forecast

February 15, 2017

Showa Denko has downgraded its net income forecast for the full year 2016, to ¥11 billion ($96.7 million). The previous forecast, published in December, was ¥12 billion.

US, Mexico pull down North American weekly chemical rail volume

February 15, 2017

During the week ended 11 February, chemical railcar traffic in North America decreased 1.3% year-over-year (YOY) as declines in the United States and Mexico offset a gain in Canada.

Innospec beats estimates on solid volumes, oilfield comeback

February 15, 2017

Innospec today reported fourth quarter net income of $22.1 million, down 30% year-on-year (YOY), on sales down 3%, to $237.8 million.

Huntsman tops estimates, strong growth in MDI

February 15, 2017

Huntsman reports income of $137 million for the fourth quarter, up from $9 million in the year-ago period. Sales increased 2.7% year-over-year (YOY) to $2.395 billion.

European Parliament approves EU-Canada trade deal

February 15, 2017

The European Parliament has approved a free trade deal with Canada, the Comprehensive Economic and Trade Agreement (CETA).

CB&I wins China PDH contract

February 15, 2017

CB&I today announced it has been awarded a contract by Dongguan Grand Resource Science & Technology Co. for the license and engineering design...

India commissions Dahej complex

February 15, 2017

ONGC Petro Additions (OPaL), has commissioned its mega petrochemical complex at Dahej, India and started production at some of the units, the company has announced.

Polyphenylene ether engineering plastics JV formed in China

February 15, 2017

Asahi Kasei says it has concluded a joint venture (JV) agreement with China National Bluestar, a subsidiary of ChemChina, to build a Xyron modified polyphenylene ether...

BASF's new TDI plant to be fully onstream in 2018

February 15, 2017

BASF says its new toluene diisocyanate (TDI) plant at Ludwigshafen will not operate at capacity until 2018.

CB&I wins China PDH contract

February 15, 2017

CB&I today announced it has been awarded a contract by Dongguan Grand Resource Science & Technology Co. for the license and engineering design...

Airgas acquisition boosts Air Liquide’s results

February 15, 2017

Air Liquide's net profit for the full year 2016 amounted to €1.84 billion ($1.95 billion), up 5% year-over-year (YOY). Recurring operating income reached €3.02 billion...

AkzoNobel misses estimates on price-mix effects, restructuring costs, weakness in performance coatings

February 15, 2017

AkzoNobel reports fourth-quarter net profit of €133 million, down 34% from the year-earlier period, on sales down 3%, to €3.5 billion. EBIT dropped 12% year-on-year...

DSM beats estimates as sales rise, profits rocket

February 15, 2017

DSM reports full-year 2016 sales of €7.92 billion ($8.4 billion), versus sales of €7.72 billion in 2015, an increase of 3% year over year (YOY), with organic growth of 4%.

Huntsman files suit alleging Rockwood color pigments fraud

February 14, 2017

Huntsman last week filed a legal complaint in New York State alleging that Rockwood engaged in a “massive fraud” around technology in its color pigments...

Air Products releases letter disputing statements by Yingde

February 14, 2017

Air Products today released a letter disputing several recent public statements by Yingde Gases, including statements about the due diligence process and meetings between the companies...

PTTGC reports higher sales and profits as petchems volumes rise...

February 14, 2017

PTT Global Chemical today reported a more than doubling in net profit and a significant increase in sales in the fourth quarter of 2016.

…updates status of investment projects

February 14, 2017

PTTGC has agiven an update on its recent investment projects. It says that its PE project, which consists of a 400,000-metric tons/year linear low-density polyethylene plant...

DIC's sales fall on strong yen, lower costs boost profit

February 14, 2017

DIC (Tokyo, Japan) reports net sales of ¥751.4 billion ($6.60 billion) in the calendar year 2016, down from ¥820 billion in 2015, a decrease of 8.4%. Net income in full-year 2016 was

Evonik to build multi-layer PMMA films plant

February 14, 2017

Evonik Industries says it has approved plans to construct a production plant for flat films made from multi-layer polymethyl methacrylate (PMMA) at the company’s Weiterstadt, Germany, site.

Allergan to acquire body-contouring group Zeltiq for $2.47 billion

February 14, 2017

Allergan (Dublin, Ireland), a leading biopharmaceutical company; and Zeltiq Aesthetics (Pleasanton, California), a medical technology company focused on developing and commercializing

DuPont, Chemours jointly to pay $670.7 million to settle PFOA lawsuits

February 13, 2017

DuPont and Chemours will each pay $335.35 million in cash in personal injury claims to settle 3,550 lawsuits related to perfluorooctanoic acid (PFOA) environmental releases from the Washington Works plant in West Virginia, DuPont has announced.

Ineos enters car manufacturing

February 13, 2017

Ineos has today confirmed that it is entering the car manufacturing business. The announcement follows the completion of a six-month feasibility study.

Perstorp's net loss widens

February 13, 2017

Perstorp's net loss widened to 428 million Swedish krona ($47.95 million) in the fourth quarter of 2016, from a SKr227-million loss one year earlier, according to the company.

Cinven bids €3.6 billion for Stada

February 13, 2017

Generic and OTC player Stada Arzneimittel (Bad Vilbel, Germany) says it has received two acquisition proposals, including one from private equity firm Cinven Partners.

Report: Aramco signs crude supply agreement in China

February 13, 2017

Saudi Aramco has signed a contract to supply crude oil to North Huajin Chemical Industries Group (Huajin; Panjin, China), a state-controlled refining and petrochemical company, in 2017...

W.R. Grace licenses Unipol PP technology for plant in China

February 13, 2017

W. R. Grace says it has signed a contract to license its Unipol polypropylene (PP) technology to Dongguan Grand Resource Science & Technology Co.

Avantium files for IPO

February 13, 2017

Avantium (Amsterdam, the Netherlands) announced today that it is planning an initial public offering and listing of all shares on Euronext Amsterdam and Euronext Brussels.

Mitsui Chemicals acquires 10% stake in Belchim Crop Protection

February 13, 2017

Mitsui Chemicals said today that its subsidiary Mitsui Chemicals Agro, has acquired a 10% stake in the agricultural chemicals company Belchim Crop Protection (Londerzeel, Belgium).

Elementis to acquire US personal care chemicals maker SummitReheis for $360 million

February 10, 2017 | Natasha Alperowicz

Elementis has entered into an agreement to acquire SummitReheis (Hugenot, New York) from an affiliate of One Rock Capital Partners for $360 million...

Agrium earnings plummet on lower fertilizer prices

February 10, 2017 | Vincent Valk

Agrium today reported net earnings down 66.6% year-on-year (YOY), to $67 million, on sales down 5%, to $2.28 billion. Adjusted earnings totaled $94 million, or 68 cts/share, slightly ahead of analysts’ consensus estimate...

Oxy's Ingleside cracker expected to start up in the first quarter of 2017

February 10, 2017

Construction of Occidental Petroleum’s (Oxy; Houston, Texas) Ingleside ethylene cracker is nearly complete and is expected to start up this quarter, the company said during an analyst call...

Monsanto breaks ground on $975 million Louisiana expansion

February 10, 2017

Monsanto has held a groundbreaking ceremony for a previously announced $975 million investment project at Luling, Louisiana....

Sensient income down, beats estimates on currency translation

February 10, 2017

Sensient Technologies reported fourth-quarter income down 2.6% year-on-year (YOY), to $330.2 million, on operating income up 37% YOY, to $43.3 million...

Canexus shareholders approve acquisition by Chemtrade

February 10, 2017 | Ian Young

Shareholders of Canexus (Calgary, Alberta, Canada) have voted to approve the company’s previously announced acquisition...

Chandra Asri to supply PP for Toyota Vios and Yaris cars

February 10, 2017

Chandra Asri says its impact copolymer polypropylene (PP) resin has been qualified for use in components for Toyota Vios and Yaris cars...

BASF and European Space Agency collaborate to provide solutions for farmers

February 10, 2017

BASF and the European Space Agency (ESA; Paris, France) have signed a collaboration agreement to evaluate the use of satellite-derived data and images for agricultural purposes...

Dr. Reddy's expands in Europe

February 10, 2017

Dr. Reddy's Laboratories (Hyderabad, India) says it has expanded its commercial operations in Europe...