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July 11, 2014
BASF today provided more information on its asset swap deal with Alpek, which was announced on Thursday. Alpek and BASF have signed agreements covering the expandable polystyrene (EPS)...
http://www.chemweek.com/regions/north_america/Alpek-to-acquire-large-part-of-BASFs-EPS-business-BASF-to-buy-Polioless-PU-operations-Update_62393.html
July 11, 2014
Surfachem Group (Leeds, UK), and Vitrine Química (Santo Andre, Brazil) have formed Surfachem Brasil (Guarulhos, Brazil), a joint venture for the distribution and supply of...
http://www.chemweek.com/regions/south_america/brazil/UK-firm-establishes-distribution-and-supply-JV-in-Brazil_62415.html
July 10, 2014
Axiall (Atlanta) says the extended ramp-up of its PHH vinyl chloride monomer manufacturing facility at Lake Charles, LA, and weakness in building products and aromatics have dampened expectations for the second quarter. The company now expects to report adjusted Ebitda of $125–130 million versus $180 million in the year-ago quarter....
http://www.chemweek.com/regions/north_america/Axiall-lowers-earnings-expectations_62396.html
July 10, 2014
Archer Daniels Midland (ADM) today announced that it is acquiring Wild Flavors GmbH (Zug, Switzerland), for an enterprise value of approximately €2.3 billion ($3.13 billion)...
http://www.chemweek.com/regions/north_america/Archer-Daniels-Midland-to-buy-Wild-Flavors-for-$3-billion_62266.html
July 10, 2014
Sirrus (Cincinnati) says it has signed a partnership with Elmer’s Products (Westerville, OH) under which Sirrus will provide monomer platforms that can be used to develop...
http://www.chemweek.com/regions/north_america/Sirrus-to-partner-with-Elmers-on-glue-platforms_62397.html
July 10, 2014
Private equity firms Kohlberg Kravis Roberts (KKR) and Riverstone have signed a definitive agreement to merge the assets held by the KKR's natural resources subsidiary with the assets...
http://www.chemweek.com/regions/north_america/Private-equity-firms-merge-oil-and-gas-assets-form-largest-operator-in-the-Barnett-Shale_62388.html
July 10, 2014
Pemex Gas y Petroquímica Básica (PGPB; Mexico City), a Petróleos Mexicanos (Pemex; Mexico City) subsidiary, has, through its Tag Pipelines Norte affiliate...
http://www.chemweek.com/regions/north_america/Pemex-awards-contract-for-gas-pipeline-to-Odebrecht-led-consortium_62390.html
July 10, 2014
The German chemical industry is in favor of the transatlantic trade and investment partnership (TTIP), currently being negotiated between the European Union and the United States, says...
http://www.chemweek.com/regions/north_america/us/VCIs-Kley-Germanys-chemical-industry-in-favor-of-TTIP_62395.html
July 10, 2014
Dow Chemical has declared force majeure (FM) on vinyl acetate monomer (VAM) produced at Texas City, TX, where the company’s 365,000-m.t./year VAM plant remains offline following a planned maintenance turnaround, says a company source. The company will issue a letter to customers by 3 July, the source says....
http://www.chemweek.com/regions/north_america/Dow-declares-force-majeure-on-VAM-Texas-City-plant-remains-offline-update_62221.html
July 10, 2014
CW has learned that PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest chemicals company, is seeking to buy its partner Perstorp out of their polyurethanes (PUs) joint...
http://www.chemweek.com/regions/north_america/PTT-Global-Chemical-to-buy-Perstorp-out-of-Vencorex-PUs-JV_62389.html
July 10, 2014
Dow Chemical says it is bringing its Texas City, TX, vinyl acrylate monomer (VAM) plant back online. Dow shut the unit down in late June to correct a mechanical issue and subsequently declared force majeure on the product....
http://www.chemweek.com/regions/north_america/Dow-begins-restart-of-Texas-City-VAM-plant_62383.html
July 9, 2014
Yesterday evening, the House of Representatives, with bipartisan support, passed the Chemical Facility Anti-Terrorism Standards (CFATS) Program Authorization and Accountability Act of...
http://www.chemweek.com/regions/north_america/Congress-passes-CFATS-Reauthorization-Act_62371.html
July 9, 2014
KBR said today that its building group subsidiary has been awarded a contract by Purdue Pharma Manufacturing to build a oral solid-dosage manufacturing plant at Durham, NC. The...
http://www.chemweek.com/regions/north_america/KBR-to-build-manufacturing-facility-for-Purdue-Pharma_62382.html
July 9, 2014
Compass Minerals says that CFO Rodney Underdown will leave the company on 31 December to pursue other professional interests. The company says its external search for a new CFO is...
http://www.chemweek.com/regions/north_america/Compass-Minerals-CFO-to-step-down_62370.html
July 9, 2014
Two workers were injured on 7 July by a fire at Chevron Phillips Chemical’s (CPChem; The Woodlands, TX) Port Arthur, TX, facility. CPChem says the cause of the fire has not yet been determined. The company has not said what part of the facility has been affected, but sources in the market believe it is the 853,000-m.t./year ethylene plant, which could be out of commission for up to two weeks....
http://www.chemweek.com/regions/north_america/Update-Two-injured-in-fire-at-CPChems-Port-Arthur-TX-facility_62373.html
July 9, 2014
DSM says it will raise the price of its Akulon and Novamid polyamide 6 (nylon-6) polymers by €120/m.t. in Europe and 10 cts/lb in North America and South America, effective 1 August. The company cites increasing raw material costs....
http://www.chemweek.com/regions/north_america/DSM-increases-nylon-6-prices-in-Europe-Americas_62372.html
July 9, 2014
Salix Pharmaceuticals (Raleigh, NC) and Cosmo Pharmaceuticals (Lainate, Italy) have announced a definitive merger agreement under which Salix, a pharma company specializing in drugs...
http://www.chemweek.com/regions/north_america/Salix-Pharmaceuticals-and-Cosmo-Tech-to-merge_62362.html
July 9, 2014
Maverick Synfuels (Research Triangle Park, NC), a leader in alternative chemicals and fuels production technology; and Petrostar Petroleum (Nanton, AL), an oil and gas exploration...
http://www.chemweek.com/regions/north_america/Maverick-Synfuels-and-Petrostar-form-JV-for-small-methane-to-methanol-plants-in-Canada_62359.html
July 8, 2014
Two workers were injured on 7 July by a fire at Chevron Phillips Chemical’s (CPChem; The Woodlands, TX) Port Arthur, TX, facility. CPChem says the cause of the fire has not yet been determined....
http://www.chemweek.com/regions/north_america/Two-injured-in-fire-at-CPChems-Port-Arthur-TX-facility_62356.html
July 8, 2014
Cytec and Dralon (Cologne) say they are exploring collaborating to develop and market large tow industrial-grade carbon fiber for industrial applications. The collaboration would...
http://www.chemweek.com/regions/north_america/Cytec-and-Dralon-announce-industrial-grade-carbon-fiber-collaboration_62347.html
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