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Everchem Updates
VOLUME XXI
September 14, 2023
Everchem’s exclusive Closers Only Club is reserved for only the highest caliber brass-baller salesmen in the chemical industry. Watch the hype video and be introduced to the top of the league: — read more
February 15, 2021
LANXESS signs contract to acquire Emerald Kalama Chemical
CologneFebruary 14, 2021
Specialty chemicals company LANXESS signed an agreement to acquire US-based Emerald Kalama Chemical from affiliates of American Securities LLC. Emerald Kalama Chemical is one of the leading global manufacturers of specialty chemicals especially for the consumer segment.
Emerald Kalama employs worldwide approximately 500 employees and runs three production sites. The company reported 2020 sales of around USD 425 million and EBITDA pre exceptionals of approximately USD 90 million. Around 45 percent of its turnover is generated in North America.
The enterprise value amounts to USD 1,075 million. The transaction will be financed by LANXESS existing liquidity. Closing of the transaction is anticipated in the second half of 2021 and subject to the approval of the relevant regulatory authorities.
By acquiring Emerald Kalama Chemical, LANXESS strengthens its specialty chemical portfolio especially in the Consumer Protection segment and would materially expand into the growth markets food and animal nutrition.
February 15, 2021
LANXESS signs contract to acquire Emerald Kalama Chemical
CologneFebruary 14, 2021
Specialty chemicals company LANXESS signed an agreement to acquire US-based Emerald Kalama Chemical from affiliates of American Securities LLC. Emerald Kalama Chemical is one of the leading global manufacturers of specialty chemicals especially for the consumer segment.
Emerald Kalama employs worldwide approximately 500 employees and runs three production sites. The company reported 2020 sales of around USD 425 million and EBITDA pre exceptionals of approximately USD 90 million. Around 45 percent of its turnover is generated in North America.
The enterprise value amounts to USD 1,075 million. The transaction will be financed by LANXESS existing liquidity. Closing of the transaction is anticipated in the second half of 2021 and subject to the approval of the relevant regulatory authorities.
By acquiring Emerald Kalama Chemical, LANXESS strengthens its specialty chemical portfolio especially in the Consumer Protection segment and would materially expand into the growth markets food and animal nutrition.
February 15, 2021
Sub-freezing temps in US Gulf could disrupt plant operations, logistics
Author: Adam Yanelli
2021/02/12
HOUSTON (ICIS)–A cold front making its way across the US this weekend could disrupt plant operations or impact logistics if temperatures spend enough time below freezing.
But the impact on chemical plants along the US Gulf Coast, where sub-freezing weather is rare, could be limited if daytime highs rise above freezing.
Forecasts from the National Weather Service show overnight temperatures in some areas along the US Gulf could fall as low as 14 degrees Fahrenheit (-10 degrees Celsius) on Sunday and Monday nights.
The NWS forecast for Deer Park, Texas, calls for temperatures to drop below freezing on Sunday night and to stay there until Tuesday morning.
Forecasts can still change, and the daily highs could be warm enough to prevent plant shutdowns, said Brian Pruett, senior vice president of polyethylene (PE) and polypropylene (PP) with CDI.
Generally, plants are designed to run within a set range of temperatures, said James Wilson, senior analyst at ICIS. Below that range, some pieces of equipment may not run well and some lines can freeze.
In places such as Russia, companies design plants with cold temperatures in mind, Wilson said. Process lines are heavily insulated or even heat traced.
Such frigid temperatures are rare on the Gulf Coast. It is unlikely that chemical companies adopted such extra steps in the new units that they built during the past decade, said Kimberly Haberkost, director of olefins at CDI.
Idled plants could be more at risk of damage, a producer told ICIS, because they are not generating heat and they could have water in the pipes that could freeze and cause issues.
LOGISTICS, POWER LOSS
Even without any plant shutdowns, icy roads could slow down deliveries and keep workers from getting to the plants.
Freezing rain or sleet could weigh on trees, causing them to fall and possibly take down power lines.
The NWS forecast includes a 60% chance of snow or sleet overnight on Sunday through Monday.
Bitterly cold temperatures are causing logistical issues, as rivers connecting chemical production in the US Gulf with the Midwest region of the country begin to freeze.
PAST COLD-WEATHER SHUTDOWNS
The last time that frigid weather shut down plants on the Gulf Coast was in mid-January 2018.
On 17 January 2018, the temperatures ranged from 20-37 degrees Fahrenheit in Houston, according to the Weather Underground. On 18 January 2018, the range was 26-38 degrees Fahrenheit.
Before that, cold temperatures disrupted operations in 2011, when temperatures were 24-34 degrees Fahrenheit from 2-4 February.
Additional reporting by Al Greenwood and Antoinette Smith
February 15, 2021
Sub-freezing temps in US Gulf could disrupt plant operations, logistics
Author: Adam Yanelli
2021/02/12
HOUSTON (ICIS)–A cold front making its way across the US this weekend could disrupt plant operations or impact logistics if temperatures spend enough time below freezing.
But the impact on chemical plants along the US Gulf Coast, where sub-freezing weather is rare, could be limited if daytime highs rise above freezing.
Forecasts from the National Weather Service show overnight temperatures in some areas along the US Gulf could fall as low as 14 degrees Fahrenheit (-10 degrees Celsius) on Sunday and Monday nights.
The NWS forecast for Deer Park, Texas, calls for temperatures to drop below freezing on Sunday night and to stay there until Tuesday morning.
Forecasts can still change, and the daily highs could be warm enough to prevent plant shutdowns, said Brian Pruett, senior vice president of polyethylene (PE) and polypropylene (PP) with CDI.
Generally, plants are designed to run within a set range of temperatures, said James Wilson, senior analyst at ICIS. Below that range, some pieces of equipment may not run well and some lines can freeze.
In places such as Russia, companies design plants with cold temperatures in mind, Wilson said. Process lines are heavily insulated or even heat traced.
Such frigid temperatures are rare on the Gulf Coast. It is unlikely that chemical companies adopted such extra steps in the new units that they built during the past decade, said Kimberly Haberkost, director of olefins at CDI.
Idled plants could be more at risk of damage, a producer told ICIS, because they are not generating heat and they could have water in the pipes that could freeze and cause issues.
LOGISTICS, POWER LOSS
Even without any plant shutdowns, icy roads could slow down deliveries and keep workers from getting to the plants.
Freezing rain or sleet could weigh on trees, causing them to fall and possibly take down power lines.
The NWS forecast includes a 60% chance of snow or sleet overnight on Sunday through Monday.
Bitterly cold temperatures are causing logistical issues, as rivers connecting chemical production in the US Gulf with the Midwest region of the country begin to freeze.
PAST COLD-WEATHER SHUTDOWNS
The last time that frigid weather shut down plants on the Gulf Coast was in mid-January 2018.
On 17 January 2018, the temperatures ranged from 20-37 degrees Fahrenheit in Houston, according to the Weather Underground. On 18 January 2018, the range was 26-38 degrees Fahrenheit.
Before that, cold temperatures disrupted operations in 2011, when temperatures were 24-34 degrees Fahrenheit from 2-4 February.
Additional reporting by Al Greenwood and Antoinette Smith
February 15, 2021
LyondellBasell, Covestro declare force majeure on styrene from Maasvlakte POSM unit
12:24 PM | February 15, 2021 | Fahima Mathe, OPIS
Mechanical failure caused shutdown on 10 February; unit produces 680,000 metric tons/year of styrene, 313,000 metric tons/year of propylene oxide.
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