SIPCHEM

Chemical Week | November 29, 2018

Saudi International Petrochemical Co. (Sipchem), a producer of methanol and acetyls currently in talks to merge with Sahara Petrochemicals, will resume its talks to invest in a shale gas–based project in the United States at the end of the first quarter of 2019, Sipchem’s CEO Ahmad al-Ohali tells CW. He was speaking to CW on the sidelines of the GPCA Forum in Dubai. “We are studying investment in the US based on shale gas…but we are giving it a bit of a low profile at th...

chemicals-technology | November 26, 2018

Saudi International Petrochemical Company (Sipchem) affiliate International Methanol Company (IMC) has completed the scheduled periodic turnaround maintenance activities at its methanol plant. The scheduled activities were undertaken to enhance the plant’s efficiency and reliability, reduce production costs and enable it to achieve its future operational plans. The company’s financial results for Q4 2018 will reflect the financial impact of this scheduled turnaround and project execu...

Nasdaq | January 15, 2020

Atotech, a Carlyle-backed specialty chemicals company carved out of Total, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.However, the deal size is likely a placeholder for an IPO that we estimate could raise $1 billion. The Berlin, Germany-based company was founded in 1993 and booked $1.2 billion in revenue for the 12 months ended September 30, 2019. It plans to list on the NYSE under the symbol ATC. Atotech filed confidentially on June 7, 2019. ...

PR Newswire | January 14, 2020

The new LDPE unit had not yet achieved beneficial operation (BO) as planned for in December 2019. The unit was in the final stages of commissioning and startup when the incident occurred. The unit has been shut down and an investigation is underway to determine the cause of the incident, the extent of the damage and resulting impact on the LDPE unit's BO schedule. All other Lake Charles units and previously commissioned LCCP units, namely the ethane cracker, ethylene glycol/ethylene oxide an...