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April 8, 2015
Renewable Energy Group Inc. (REG; Ames, IA) is carrying out preliminary damage assessments after a fire at its Geismar, LA, biorefinery, the company says. The fire broke out shortly...
http://www.chemweek.com/regions/north_america/REG-Geismar-biorefinery-repairs-to-take-2-4-months-following-fire-at-production-unit_69282.html
April 8, 2015
Private equity firm New Mountain Capital (New York) has agreed to acquire Zep (Atlanta), a maker of consumer cleaning and maintenance chemicals, for $692 million, or $20.05/share. The...
http://www.chemweek.com/regions/north_america/Zep-to-be-acquired-by-New-Mountain-Capital_69279.html
April 8, 2015
Omnova reports a net loss of $3.2 million for its seasonally weak first quarter compared with a gain of $1.2 million in the year-ago quarter. Excluding one-time items, including an...
http://www.chemweek.com/regions/north_america/Omnova-swings-to-a-loss-in-seasonally-weak-first-quarter_69280.html
April 7, 2015
Airgas today announced it is raising its quarterly dividend on its common stock by 9%, to 60 cts/share form 55 cts/share. The higher dividend will be paid on 30 June to shareholders of...
http://www.chemweek.com/regions/north_america/Airgas-raises-dividend_69271.html
April 7, 2015
Solenis, the former Ashland water treatment business, on 1 April completed the acquisition of the paper chemicals distribution assets of Connell Bros. Co. (CBC; Mumbai), a maker of...
http://www.chemweek.com/regions/north_america/Solenis-completes-India-acquisition_69219.html
April 7, 2015
Investment firm Berkshire Hathaway (Omaha, NE) has purchased 20 million Axalta shares in a private placement at $28/share, for a purchase price of $560 million, Axalta says. The shares...
http://www.chemweek.com/regions/north_america/Berkshire-Hathaway-buys-stake-in-Axalta_69247.html
April 7, 2015
DuPont slams activist hedge fund Trian Fund Management (New York) and its founder and CEO, Nelson Peltz, in an investor presentation released today. The presentation accuses Trian of...
http://www.chemweek.com/regions/north_america/DuPont-slams-Trian-Peltz-in-investor-presentation_69230.html
April 7, 2015
KMG Chemicals says that it will acquire privately held Valves Inc. of Texas (Val-Tex; Houston), a manufacturer of industrial valve lubricants and sealants, in a merger transaction...
http://www.chemweek.com/regions/north_america/us/KMG-to-acquire-Val-Tex_69236.html
April 6, 2015
A. Schulman today reported a fiscal second-quarter net loss of $888,000, or 3 cts/share, due largely to CEO transition costs and restructuring and acquisition integration charges, on...
http://www.chemweek.com/regions/north_america/Schulman-falls-short-of-estimates-sales-fall-due-to-currency-impacts_69232.html
April 6, 2015
The United Steelworkers (USW) Local-8-719 have said they would return to work on Monday at the Marathon Petroleum refinery in Catlettsburg, KY, leaving five locations still left in the...
http://www.chemweek.com/regions/north_america/Marathon-ratifies-union-contract-in-Kentucky-five-locations-remain-on-strike_69209.html
April 6, 2015
The US April benzene contract moved higher in a split settlement  Thursday, following the recent increase in spot prices over the previous month. The benzene supply/demand...
http://www.chemweek.com/regions/north_america/US-April-benzene-contract-moves-up-for-second-consecutive-split-settlement_69152.html
April 2, 2015
During the week ended 28 March, chemical railcar traffic in North America declined 3.2% year-over-year (YOY), led by a 4.2% YOY decline in Canada....
http://www.chemweek.com/regions/north_america/Weekly-North-American-railcar-traffic-down-on-declines-in-Canada_69149.html
April 2, 2015
Braskem has launched an internal investigation into illegal payments it is alleged to have made to Petrobras, Braskem says in a securities filing. Petrobras is embroiled in a...
http://www.chemweek.com/regions/south_america/brazil/Braskem-opens-internal-probe-into-alleged-payments-to-Petrobras_69134.html
April 2, 2015
Propylene inventories in the United States showed no change for the week ended 27 March, according to data released by the Energy Information Administration. Domestic non-fuel use...
http://www.chemweek.com/regions/north_america/Propylene-stocks-stable-in-US-last-week_69111.html
April 2, 2015
Ashland today announced that it is expanding capacity for two products in its specialty ingredients business at a facility in Hopewell, VA. The $89-million expansion will up capacity...
http://www.chemweek.com/regions/north_america/Ashland-to-expand-specialty-ingredients-capacity-in-Virginia_69138.html
April 2, 2015
Composites and coatings maker Reichhold Industries (Durham, NC) announced today that its US operations have emerged from Chapter 11 bankruptcy, and that the company has purchased its...
http://www.chemweek.com/regions/north_america/Reichhold-US-business-emerges-from-bankruptcy-as-bondholders-take-control_69139.html
April 2, 2015
Siluria (San Francisco) has started up a plant at La Porte, TX, to demonstrate its process for the manufacture of ethylene by the oxidative coupling of methane (OCM). The development represents the world’s first large-scale production of ethylene directly from natural gas via OCM, says Siluria. The company intends to commercialize the process in 2017-18....
http://www.chemweek.com/regions/north_america/Siluria-announces-start-up-of-methane-to-ethylene-demo-plant_69109.html
April 2, 2015
BASF confirmed to CW on Thursday that it and University of Chicago Argonne LLC had jointly filed lawsuits against Umicore (Brussels), and one of its customers,  Makita...
http://www.chemweek.com/regions/north_america/BASF-sues-Umicore-over-lithium-ion-battery-patent-infringement_69133.html
April 2, 2015
ExxonMobil says that the restart process is underway at the company's Beaumont, TX, petrochemical complex and that some equipment was back online on 1 April. The company confirmed...
http://www.chemweek.com/regions/north_america/ExxonMobil-begins-restart-process-at-Beaumont-petchem-complex_69110.html
April 2, 2015
Patheon (Durham, NC), a provider of drug development and delivery solutions to the pharmaceutical and biopharma sectors, says that it has completed the previously announced acquisition...
http://www.chemweek.com/regions/north_america/us/Patheon-completes-acquisition-of-API-manufacturer-IRIX-Pharmaceuticals_69124.html
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