Table of Contents

On The Cover:

Forecast 2009

Newsbriefs

Nova Cuts 400 Jobs, Warns of 'Lousy' Fourth-Quarter Earnings

Cytec, Omnova Cut Costs and Jobs

Wellman Expects to Exit Bankruptcy Soon

Recession Hits RPM's Earnings

Russia-Ukraine Gas Spat Cuts Chemical Production

Lanxess's Investment Projects Put on Hold

AkzoNobel Makes Bid for Chlor-Alkali Firm

Top of the Week

LyondellBasell's U.S. Unit Files for Bankruptcy Protection

Earnings Mixed at Agchem Firms

Business & Finance News

United States/Americas

Dow Readies Legal Action Against Kuwait's PIC

Lubrizol Acquires Dow's TPU Business

Albemarle, Quaker, and MTI Announce Major Cost Cuts

Apollo Completes $1 Billion Payment to Huntsman

Braskem Exits PET Business

PPG and PolyOne Warn on Fourthquarter Earnings

Americas Styrenics Cuts Output and Jobs

Europe/Mideast

Sipchem to Sign Tolling Deal with Sabic; Eyes Acquisitions

Albemarle Completes Sale of French Site

Asia/Pacific

S&P Lowers Reliance's Rating Outlook

Acron Buys Chinese Distribution Company

Ube Signs Technology Deal with Boeing

Inside:

Sale of Dow's Specialty Latex Unit May Face Hurdles

New Construction Projects

India's ONGC Outlines Petchem Investment Plan

Axens Licenses Aromatics Process to Kazakhstam

Uhde Awarded Aromatics Contract in China

Completion of Q-Chem II Ethylene Unit is Delayed

Foster Wheeler Lands Thai HPPO Deal

BASF Expands Polyisobutene Capacity at Ludwigshafen

Lurgi Builds Second-Generation Biofuel Plant in Germany

Specialty Chemicals

Digest

OM Group Licenses Rahu Catalyst Technology for Coatings

Market for Integrated Circuit Process Chemicals Rises

Basic Chemicals & Plastics

Olin Declares Force Majeure at Several Chlor-Alkali Plants

Benzene Prices May Have Bottomed Out

CW Price Report

CW75

Chemical Stocks Make Gains

Departments

Viewpoint

Publisher's Page

Key Changes

Leading Indicator

Features

Marketplace

Chemical Week - January 5/12, 2009 Index