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April 15, 2014
IC Potash (ICP; Toronto) announced today that the Bureau of Land Management (BLM) has authorized ICP to construct and operated a sulphate of potash project, called Ochoa, at Lea...
http://www.chemweek.com/regions/north_america/IC-Potash-receives-BLM-approval-of-New-Mexico-potash-project_60302.html
April 15, 2014
The Chlorine Institute and ACC have asked the US District Court for the District of Minnesota to prevent Canadian Pacific Railway from imposing a restrictive new requirement on shippers of chlorine and other toxic inhalation hazard materials. The Fertilizer Institute has joined the complaint....
http://www.chemweek.com/regions/north_america/ACC-CI-sue-to-stop-railroad-from-imposing-new-shipping-restrictions_60304.html
April 15, 2014
Sensient Technologies has reported a first-quarter net loss of $2.08 million, or 4 cts/share, compared with a profit of $21.4 million, or 43 cts/share, in the year-ago quarter, due...
http://www.chemweek.com/regions/north_america/Sensient-swings-to-loss-on-restructuring-charges-raises-guidance_60303.html
April 15, 2014
Jourdan (Mississauga, ON), Autris (Los Angeles), and Process Research Ortech (PRO; Mississauga) have signed a term-sheet agreement covering the formation of a joint venture to...
http://www.chemweek.com/regions/north_america/Canadian-US-firms-establish-JV-to-develop-on-demand-ammonia-technology_60299.html
April 15, 2014
K+S Potash Canada (Saskatoon, SK), a subsidiary of K+S Group (Kassel, Germany); and Pacific Coast Terminals (PCT; Port Moody, BC) have signed an exclusive, long-term contract for the...
http://www.chemweek.com/regions/north_america/K+S-signs-long-term-handling-storage-agreement-for-potash-project-in-Canada_60297.html
April 14, 2014
Axiall (Atlanta, GA) has restarted a Lake Charles, LA, vinyl chloride monomer (VCM) plant, which was shut down after a fire on 20 December. Axiall also released preliminary first-quarter financial results....
http://www.chemweek.com/regions/north_america/Axiall-completes-VCM-repairs-estimates-50-percent-yoy-decline-in-first-quarter-Ebitda_60292.html
April 14, 2014
Silicones and quartz maker Momentive Performance Materials (MPM; Albany), which is controlled by private-equity firm Apollo Management, has filed for Chapter 11 bankruptcy protection in an attempt to implement a "pre-negotiated" restructuring plan to reduce debt by $3 billion. All of MPM’s silicones and quartz businesses will continue to operate normally during this period, the company adds....
http://www.chemweek.com/regions/north_america/Momentive-Performance-Materials-files-for-Chapter-11-updated_60267.html
April 14, 2014
MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. Thus, we continue to post a green banner. Consumer debt up 6.4%; up 5.6% year-on-year (YOY)...
http://www.chemweek.com/regions/north_america/ACCs-economic-outlook-for-the-week-ended-11-April-2014_60273.html
April 14, 2014
Air Products will build a 40-million standard cubic feet/day hydrogen production facility to process a hydrogen-rich off-gas stream from a new propane dehydrogenation (PDH) facility...
http://www.chemweek.com/regions/north_america/Air-Products-to-build-hydrogen-plant-at-Enterprise-PDH-unit_60272.html
April 14, 2014
Koppers has agreed to acquire the wood preservation and railroad services businesses of Osmose Holdings (Buffalo, NY) for $460 million. The price includes a tax election that is...
http://www.chemweek.com/regions/north_america/Koppers-acquires-wood-treatment-railroad-businesses_60271.html
April 14, 2014
Polyethylene (PE) demand increased worldwide from 66.1 million m.t./year in 2008, to about 82 million m.t./year in 2013, despite a global recession that suppressed demand in 2008-09...
http://www.chemweek.com/regions/north_america/IHS-WPC-2014-Worldwide-PE-demand-to-continue-growing_59931.html
April 14, 2014
Archroma (Reinach, Switzerland), the former textile, paper, and emulsions business of Clariant, has appointed Miguel De Bellis to the post of president/emulsion products and Americas...
http://www.chemweek.com/regions/south_america/brazil/Archroma-appoints-emulsions-and-Americas-head_60268.html
April 11, 2014
Koch Industries and the private equity arm of Goldman Sachs have agreed to acquire printing inks maker Flint Group (Luxembourg) from CVC Capital Partners (London). Flint is the second-largest global producer of printing inks after DIC (Tokyo). Flint revenues for 2013 were €2.2 billion ($2.9 billion). Terms of the sale were not disclosed but sources say the price was close to Flint's 2013 revenues, $2.9 billion, and that the equity contribution of both Goldman and Koch will be roughly equal....
http://www.chemweek.com/regions/north_america/us/Goldman-Sachs-Koch-Industries-partner-to-acquire-Flint-Group-updated_60231.html
April 11, 2014
Stalwart Tankers (Athens) has postponed plans to list shares in the United States owing to "market conditions," a Reuters report says. The company filed in February this year...
http://www.chemweek.com/regions/north_america/Chemical-shipping-firm-postpones-IPO_60254.html
April 11, 2014
Shareholder advisory firm ISS (New York) issued a report yesterday recommending a vote against a hedge fund’s dissident director slate at Sensient Technologies. FrontFour Capital...
http://www.chemweek.com/regions/north_america/Shareholder-advisory-firm-weighs-in-against-Sensient-dissidents_60255.html
April 11, 2014
BASF says it has invested €2.5 million ($3.47 million) in its Demarchi coatings site, located in the state of São Paulo, Brazil, to expand its capacity to service...
http://www.chemweek.com/regions/south_america/brazil/BASF-expands-production-of-waterborne-automotive-coatings-in-Brazil_60250.html
April 11, 2014
Lanxess's Porto Feliz site. Lanxess says it has opened its previously announced, new, high-tech plastics plant at the company’s site at Porto Feliz, Brazil. Lanxess has...
http://www.chemweek.com/regions/south_america/brazil/Lanxess-opens-high-tech-plastics-plant-in-Brazil_60247.html
April 10, 2014
Compass Minerals reported stronger first-quarter volumes for deicing products due to severe winter in North America. Compass Minerals says highway deicing sales...
http://www.chemweek.com/regions/north_america/Compass-Minerals-first-quarter-deicing-volumes-up-on-heavy-winter-weather_60246.html
April 10, 2014
Airgas says that Thomas Stringer has been named president/merchant gases, effective immediately. Stringer will lead all aspects of merchant gases and will report to Thomas Thoman...
http://www.chemweek.com/regions/north_america/us/Airgas-appoints-president-of-merchant-gases-business_60223.html
April 10, 2014
Chevron has signed agreements with energy company Yacimientos Petroliferos Fiscales (YPF; Buenos Aires) to develop shale oil and gas resources from the Vaca Muerta formation located in...
http://www.chemweek.com/regions/south_america/argentina/Chevron-YPF-ink-agreement-to-continue-cooperation-on-shale-oil-and-gas-development_60230.html
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