Kemira Oyj's published financial statements bullet in 2011

(kemira) -- Kemira Oyj publishes its financial statement bulletin enclosed to stock exchange release.

Kemira reported on Wednesday a 50.6% year-on-year increase in its net profit to EUR37.8m (USD50.4m) in the fourth quarter of last year, despite a surge in raw materials prices.
The firm's revenues slipped by 0.6% year on year to EUR543.3m, while earnings before interest, taxes, depreciation and amortisation (EBITDA) fell by 2.81% to EUR65.9m, the company said in a statement.

⌠Raw material prices increased rapidly in the beginning of the year, it said.
⌠The prices for some of our key raw materials have continued to increase during the second half of the year and are still at a very high level, the company added.
The firm's net profit fell to EUR140.3m in the full year of 2011, compared with EUR646.9m in the same period a year earlier, the firm said.

MRC

(dow) -- Dow AgroSciences LLC, a wholly owned subsidiary of The Dow Chemical Company , and BioDuro, a PPD Company, announced a three-year, multi-program discovery research agreement to generate novel molecules for synthesizing and testing fungicides, insecticides, and herbicides across a variety of crops.

The two companies will leverage BioDuro's deep expertise in medicinal chemistry and biochemistry and Dow AgroSciences' agrochemical capabilities in this new agrochemical discovery collaboration.

"We are very pleased to announce this novel collaboration between Dow AgroSciences and BioDuro, a respected leader in discovery services," said Daniel R. Kittle, Ph.D., Global Leader, Research & Development, Dow AgroSciences.
"This agreement is another example of our commitment to further enhance Dow AgroSciences' world-class discovery research capabilities by working with the best research teams around the globe to develop new solutions for our customers around the world."

Financial terms of the agreement were not disclosed.

MRC

(solvay) -- Solvay has successfully commissioned the largest PEM fuel cell in the world at SolVin's Antwerp plant.

Solvay announced it has successfully commissioned its 1 MegaWatt (MW) industrial demonstration Fuel Cell at the SolVin plant in Lillo, Antwerp, Belgium. This Proton Exchange Membrane (PEM) Fuel Cell converts coproduced hydrogen (H2) in the plant into electricity and is now producing for weeks at a steady rate. The Fuel Cell has generated over 500 MWh in about 800 hours of operation, which amounts to the electricity consumption of 1370 families during the same time frame.

This successful industrial scale-up project containing Solvay's innovative specialty polymers and SolviCore's membrane electrode assemblies brings PEM Fuel Cell technology to a new threshold. The Fuel Cell also increases SolVin's brine electrolysis' energy efficiency.

Fuel Cells are increasingly considered an important clean power generation technology for a wide variety of applications such as busses, cars, ships, trucks, fork lifts, cogeneration and electricity generation devices. Hydrogen-powered fuel cells produce only electricity and water.

MRC

(bp) -- BP's fourth-quarter replacement cost profit was USD7,606 million, compared with USD4,614 million a year ago. For the full year, replacement cost profit was USD23,900 million compared with a loss of USD4,914 million a year ago.

The group income statement for the fourth quarter and full year includes pre-tax credits related to the Gulf of Mexico oil spill of USD4.1 billion and USD3.7 billion respectively.

Non-operating items (including amounts relating to the Gulf of Mexico oil spill) and fair value accounting effects for the fourth quarter had a net favourable impact of USD2,620 million compared with a net favourable impact of USD250 million in the fourth quarter of 2010. For the full year, there was a net favourable impact of USD2,242 million for 2011 compared with a net unfavourable impact of USD25,436 million in 2010.

Finance costs and net finance income or expense relating to pensions and other post-retirement benefits were USD261 million for the fourth quarter, compared with USD346 million for the same period last year. For the full year, the respective amounts were USD983 million for 2011 and USD1,123 million for 2010.

MRC

(lukoil) -- The LUKOIL would like to announce that the Board of technical enquiry into the causes of the fire outbreak at the Stavrolen petrochemical facility and the ensuing breakdown of an ethylene-producing unit on December 15, 2011, completed its work on February 4, 2012.

The Board's report says that most probably the fire was caused by the unsealing of connecting elements in the assembly for separation of the propane-propylene fraction. The unsealing, in its turn, was caused by corrosion and structural changes that had occurred while the equipment was in use.

By preliminary estimates, the damaged and destroyed property is worth almost 812 million rubles.
According to the time schedule of manufacture and delivery of the new equipment, ethylene unit operation is expected to resume no later than on April 1, 2012.
Recovery operations will not impair the timeline of the gas chemical facility construction project at Stavrolen's production site.

The Company is now looking at the possibility of organizing supplies of propylene in order to renew the production of polypropylene before the end of February 2012.

The construction is expected to be completed in May 2012.

MRC