IHS Chemical Week

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February 27, 2014
Cool Planet Energy Systems (Camarillo, CA) has broken ground on the company’s first commercial-scale production facility, at Alexandria, LA, dubbed Project Genesis, the company...
http://www.chemweek.com/regions/north_america/Cool-Planet-breaks-ground-on-biomass-to-gasoline-blendstock-facility_59148.html
February 27, 2014
The American Chemistry Council (ACC) and the Society of Chemical Manufacturers and Affiliates (Socma) this morning testified before Congress urging the passage of legislation to extend...
http://www.chemweek.com/regions/north_america/ACC-Socma-testify-before-Congress-on-passage-of-updated-CFATS-program_59152.html
February 27, 2014
Imerys says it has raised its bid for bentonite maker Amcol (Hoffman Estates, IL) to $42.75/share from $41/share, beating Minerals Technologies’ (MTI) $42.50/share offer for the...
http://www.chemweek.com/regions/north_america/Imerys-raises-bid-for-Amcol_59139.html
February 27, 2014
Private equity firm H.I.G. Capital (Miami) says it has closed its $392-million acquisition of American Pacific (Ampac; Las Vegas) for $46.50/share, which was announced in January. Some...
http://www.chemweek.com/regions/north_america/H-I-G-Capital-closes-Ampac-deal_59154.html
February 27, 2014
Octal Chemicals (Muscat) has selected West Chester, OH as the site of the company's first polyethylene terephthalate (PET) manufacturing plant in North America, says real estate...
http://www.chemweek.com/regions/north_america/Omans-Octal-selects-site-in-US-for-reusable-PET-plant_59144.html
February 27, 2014
Kraton reports net income for the fourth quarter 2013 of $4.9 million, up from a loss of $29.5 million in the year-ago period. Adjusted net income of 8 cts/share beat the analysts’ consensus estimate of a 16 cts/share loss. Sales for the quarter totaled $290 million, down 2% year-over-year (YOY) from $296 million....
http://www.chemweek.com/regions/north_america/Kraton-swings-to-profit-of-$4-9-million-beats-analyst-estimates_59153.html
February 27, 2014
Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, says that it has appointed Patrick Yang, to its board of directors. Yang...
http://www.chemweek.com/regions/north_america/us/Codexis-appoints-Patrick-Yang-to-board-of-directors_59147.html
February 26, 2014

Williams Partners says it has acquired Williams’s currently in-service operations in Alberta, Canada, for $1.2 billion. The assets include an oil sands offgas processing plant near Fort McMurray, approximately 260 miles of natural gas liquid (NGL) and olefins pipelines, and an NGL/olefins fractionation facility and butylene/butane splitter facility at Redwater.

...

http://www.chemweek.com/regions/north_america/Williams-Partners-buys-Alberta-operations-from-Williams-for-$1-2-billion_59138.html
February 26, 2014
Taminco announced its fourth-quarter results today, citing strength in volumes and sales but still reporting a net loss. A net loss of $7 million improved over the net loss of $28...
http://www.chemweek.com/regions/north_america/Taminco-reports-narrower-net-loss-sales-up_59137.html
February 26, 2014
Aceto named Carlos Restrepo, formerly v.p./intermediates and solvents at Ashland, senior v.p./performance chemicals, effective 24 February. Restrepo will report to Aceto CEO Salvatore...
http://www.chemweek.com/regions/north_america/Aceto-names-former-Ashland-exec-performance-chemicals-head_59121.html
February 26, 2014
DSM has entered into a collaboration with SyntheZyme (New York) to develop products based on the latter's biobased surfactant platform. As part of the collaboration, DSM will...
http://www.chemweek.com/regions/north_america/DSM-signs-collaboration-with-US-biobased-surfactants-developer_59120.html
February 26, 2014
DuPont announced today that it has named Patrick Lindner as president/performance polymers, effective 1 March. Lindner succeeds Diane Gulyas, who plans to retire in April after 36...
http://www.chemweek.com/regions/north_america/DuPont-names-new-performance-polymers-president_59118.html
February 26, 2014
Corvex Management and Saroban Capital Partners (New York) have reached an agreement with Williams Partners (Houston) that will place representatives of the two activist hedge funds onto Williams’s board of directors, the firms announced on 24 February....
http://www.chemweek.com/regions/north_america/Corvex-Saroban-gain-seats-on-Williams-board_59102.html
February 25, 2014
Albemarle announced today that it is raising its quarterly dividend by 15%, to 27.5 cts/share. The dividend will be paid on 1 April to shareholders of record as of 14 March...
http://www.chemweek.com/regions/north_america/Albemarle-raises-dividend_59101.html
February 25, 2014
Monsanto has added to its growing precision agriculture footprint by acquiring the soil analysis business of Solum (Ames, IA) for an undisclosed sum. The deal includes the Solum brand...
http://www.chemweek.com/regions/north_america/Monsanto-acquires-soil-analysis-firm_59085.html
February 25, 2014
Ferro’s fourth-quarter net income totaled $61 million, or 69 cts/share, compared with a net loss of $64 million in the year-ago quarter, on sales down 6.5% year-on-year (YOY), to...
http://www.chemweek.com/regions/north_america/Ferro-swings-to-profit-on-further-cost-cuts_59083.html
February 25, 2014
Eastman Chemical announced today that it will debottleneck carboxylic acid plants at its Longview, TX, and Kingsport, TN, facilities to support  increasing internal and external...
http://www.chemweek.com/regions/north_america/Eastman-to-add-carboxylic-acids-capacity_59082.html
February 25, 2014
International Flavors & Fragrances (IFF) and Amyris (Emeryville, CA) announced today that they have completed the first phase of their collaboration to develop a specific set of...
http://www.chemweek.com/regions/north_america/IFF-and-Amyris-advance-biobased-fragrance-collaboration_59081.html
February 25, 2014
Chemtura reports fourth-quarter net earnings of $13 million, down 19% year-on-year (YOY) from $19 million, owing to weak results in industrial engineered products. Net sales increased 2% YOY, to $544 million. Earnings of 13 cts/share beat the analysts’ consensus estimate of 11 cts/share....
http://www.chemweek.com/regions/north_america/Chemtura-fourth-quarter-earnings-down-at-$13-million-but-beat-estimates_59080.html
February 25, 2014
Frutarom (Haifa, Israel) announced today that it has acquired citrus specialty ingredients maker CitraSource (Winter Haven, FL) for $7.5 million plus an additional future payment...
http://www.chemweek.com/regions/north_america/Frutarom-acquires-Florida-citrus-ingredients-maker_59090.html
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