Company News
December 2, 2021
Dow Reduces Guidance for Q4
Dow guides for lower than expected Q4 EBITDA on higher costs, lower PE pricing
Dec. 01, 2021 7:41 PM ETDow Inc. (DOW)By: Carl Surran, SA News Editor2 Comments
- Dow Inc. (NYSE:DOW) settled -4% today after the company said Q4 EBITDA should come in $150M-$200M below consensus estimates, citing higher raw material costs and lower polyethylene and co-product pricing.
- “Energy and feedstock costs had been elevated until last week, resulting in higher raw material costs in the quarter,” CFO Howard Ungerleider told Citi’s Global Basic Materials conference, according to Bloomberg.
- Regarding supply chain logjams, Ungerleider said he sees a container squeeze easing in 2022, but inflation and high freight rates will linger, S&P Global Platts reports.
- The CFO expects continued global polyethylene demand strength to outstrip new U.S. PE capacity scheduled to start up in Q4 2021 and early 2022.
- Dow has fallen for five straight sessions totaling a drop of nearly 11%, sending the stock’s YTD performance below breakeven.
November 30, 2021
Honeywell Solstice Expansion
Honeywell Expands Baton Rouge Facility
New expansion will double production capacity of low GWP technologies
November 22, 2021 KEYWORDS company expansion / GWP (Global Warming Potential) refrigerants / HFO refrigerant / Honeywell Order Reprints No Comments
MORRIS PLAINS, NJ — Honeywell announced Nov. 17 the expansion of its facility in Baton Rouge, LA to double the capacity of its Solstice® ze (1234ze), an ultra-low-global-warming-potential (GWP) solution. Solstice ze is used in foam insulation, as a propellant in personal and household care products, and in refrigeration and air conditioning applications.
Honeywell will invest significant capital in the facility for the growth of Solstice ze, which is part of the company’s Solstice line of products based on hydrofluoroolefin (HFO) technology that helps customers lower their carbon footprint without sacrificing end-product performance.
The demand for low-GWP solutions continues to grow, and this new capacity will help meet the needs. Multiple global regulations stemming from the Kigali Amendment to the Montreal Protocol require the phasedown of hydrofluorocarbons (HFCs), driving the demand for sustainable solutions.
“Honeywell is at the forefront for the development and introduction of next-generation technology, with the commercialization of Solstice more than a decade ago, and we continue to invest today to ensure there is ample supply to meet our customer needs for the market conversion to low-GWP solutions,” said Laura Reinhard, vice president and general manager, Honeywell Foam and Industrial Products. “The expansion of our Baton Rouge facility — and doubling the capacity of Solstice ze — will allow us to bring additional supply to market and continue to deliver low-GWP products that reduce carbon footprint and meet regulatory needs.”
https://www.achrnews.com/articles/145787-honeywell-expands-baton-rouge-facility
November 30, 2021
Honeywell Solstice Expansion
Honeywell Expands Baton Rouge Facility
New expansion will double production capacity of low GWP technologies
November 22, 2021 KEYWORDS company expansion / GWP (Global Warming Potential) refrigerants / HFO refrigerant / Honeywell Order Reprints No Comments
MORRIS PLAINS, NJ — Honeywell announced Nov. 17 the expansion of its facility in Baton Rouge, LA to double the capacity of its Solstice® ze (1234ze), an ultra-low-global-warming-potential (GWP) solution. Solstice ze is used in foam insulation, as a propellant in personal and household care products, and in refrigeration and air conditioning applications.
Honeywell will invest significant capital in the facility for the growth of Solstice ze, which is part of the company’s Solstice line of products based on hydrofluoroolefin (HFO) technology that helps customers lower their carbon footprint without sacrificing end-product performance.
The demand for low-GWP solutions continues to grow, and this new capacity will help meet the needs. Multiple global regulations stemming from the Kigali Amendment to the Montreal Protocol require the phasedown of hydrofluorocarbons (HFCs), driving the demand for sustainable solutions.
“Honeywell is at the forefront for the development and introduction of next-generation technology, with the commercialization of Solstice more than a decade ago, and we continue to invest today to ensure there is ample supply to meet our customer needs for the market conversion to low-GWP solutions,” said Laura Reinhard, vice president and general manager, Honeywell Foam and Industrial Products. “The expansion of our Baton Rouge facility — and doubling the capacity of Solstice ze — will allow us to bring additional supply to market and continue to deliver low-GWP products that reduce carbon footprint and meet regulatory needs.”
https://www.achrnews.com/articles/145787-honeywell-expands-baton-rouge-facility
November 29, 2021
More on BorsodChem FM
MDI: BorsodChem erklärt Force Majeure in Ungarn
22.11.2021
Anlagen im ungarischen Kazincbarcika (Foto: BorsodChem)
Offenbar hat der Isocyanat-Produzent BorsodChem (Kazincbarcika / Ungarn) größere Schwierigkeiten mit der MDI-Erzeugung am ungarischen Standort Kazincbarcika. Das Unternehmen bestätigte auf KI-Nachfrage die Force Majeure auf die PUR-Komponente seit dem 17. November 2021. Ursache sind dem Vernehmen nach technische Probleme, die mit der während der Wartung durchgeführten Erweiterung der Anlage zu tun haben könnten.
Apparently, the isocyanate producer BorsodChem (Kazincbarcika / Hungary) has greater difficulties with MDI production at the Hungarian site Kazincbarcika. On AI request, the company confirmed the force majeure on the PUR component since November 17, 2021, due to technical problems that could have to do with the expansion of the plant carried out during maintenance.
Der börsennotierte BorsodChem-Mutterkonzern Wanhua Chemical (Yantai,Shandong / China; https://en.whchem.com) hatte zwar im Zuge der turnusgemäßen Wartung der ungarischen MDI-Anlage bereits am 20. Oktober verkündet, die Wartung sei abgeschlossen und die normale Produktion wieder aufgenommen worden. In den vergangenen vier Wochen mehrten sich jedoch die Anzeichen dafür, dass die Anlage nicht so normal lief, wie die Meldung an der Shanghaier Börse es hatte vermuten lassen.
The listed BorsodChem parent company Wanhua Chemical (Yantai, Shandong / China; https://en.whchem.com) had already announced on October 20 that maintenance had been completed and normal production resumed in the course of the regular maintenance of the Hungarian MDI plant. In the past four weeks, however, there have been increasing signs that the investment was not running as normally as the news on the Shanghai Stock Exchange had suggested.
https://www.kunststoffweb.de/branchen-news/mdi_borsodchem_erklaert_force_majeure_in_ungarn_t249053
November 29, 2021
More on BorsodChem FM
MDI: BorsodChem erklärt Force Majeure in Ungarn
22.11.2021
Anlagen im ungarischen Kazincbarcika (Foto: BorsodChem)
Offenbar hat der Isocyanat-Produzent BorsodChem (Kazincbarcika / Ungarn) größere Schwierigkeiten mit der MDI-Erzeugung am ungarischen Standort Kazincbarcika. Das Unternehmen bestätigte auf KI-Nachfrage die Force Majeure auf die PUR-Komponente seit dem 17. November 2021. Ursache sind dem Vernehmen nach technische Probleme, die mit der während der Wartung durchgeführten Erweiterung der Anlage zu tun haben könnten.
Apparently, the isocyanate producer BorsodChem (Kazincbarcika / Hungary) has greater difficulties with MDI production at the Hungarian site Kazincbarcika. On AI request, the company confirmed the force majeure on the PUR component since November 17, 2021, due to technical problems that could have to do with the expansion of the plant carried out during maintenance.
Der börsennotierte BorsodChem-Mutterkonzern Wanhua Chemical (Yantai,Shandong / China; https://en.whchem.com) hatte zwar im Zuge der turnusgemäßen Wartung der ungarischen MDI-Anlage bereits am 20. Oktober verkündet, die Wartung sei abgeschlossen und die normale Produktion wieder aufgenommen worden. In den vergangenen vier Wochen mehrten sich jedoch die Anzeichen dafür, dass die Anlage nicht so normal lief, wie die Meldung an der Shanghaier Börse es hatte vermuten lassen.
The listed BorsodChem parent company Wanhua Chemical (Yantai, Shandong / China; https://en.whchem.com) had already announced on October 20 that maintenance had been completed and normal production resumed in the course of the regular maintenance of the Hungarian MDI plant. In the past four weeks, however, there have been increasing signs that the investment was not running as normally as the news on the Shanghai Stock Exchange had suggested.
https://www.kunststoffweb.de/branchen-news/mdi_borsodchem_erklaert_force_majeure_in_ungarn_t249053
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