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July 17, 2014
GTS Chemical Holding, a specialty chemicals producer and the largest manufacturer of ammonium sulfite in China, today announced its intention to proceed with a fundraising and...
http://www.chemweek.com/home/top_of_the_news/Chinese-specialty-chemicals-firm-plans-to-list-in-London_62506.html
July 17, 2014
Givaudan Group (Geneva), flavors and fragrances major, today announced its results for the first six months of 2014. Ebitda rose 10.5% to 562 million Swiss francs ($626.1 million) on...
http://www.chemweek.com/home/top_of_the_news/Givaudan-reports-higher-earnings-confirms-guidance_62505.html
July 17, 2014
Evonik Industries is investing in a new polymer dispersants plant at Essen, Germany, the company announced today. The project, which will involve an investment in the “low...
http://www.chemweek.com/home/top_of_the_news/Evonik-Industries-to-build-polymer-dispersants-plant-in-Germany_62503.html
July 17, 2014
Ineos O&P UK has received notification from the UK government that its application for an infrastructure loan guarantee has been successful, the company announced today. The...
http://www.chemweek.com/home/top_of_the_news/Ineos-receives-loan-guarantee-paving-way-for-new-ethane-import-terminal-at-Grangemouth_62504.html
July 16, 2014
CF Industries announced today that it has restarted its operating units at its Woodward, OK, nitrogen complex. The company shut down production there on 21 April to address an...
http://www.chemweek.com/home/top_of_the_news/CF-Industries-resumes-production-at-Oklahoma-nitrogen-complex_62483.html
July 16, 2014
Flint Hills Resources (Wichita, KS) has completed the acquisition of propylene-maker PetroLogistics (Houston, TX). Flint Hills says the $2.1 billion transaction is its largest ever and its first in the chemical space since the purchase of Huntsman’s U.S. commodity chemical business in 2007....
http://www.chemweek.com/home/top_of_the_news/Flint-Hills-completes-$2-1-billion-acquisition-of-PetroLogistics_62481.html
July 16, 2014
Alpek (San Pedro Garza García, Mexico), a subsidiary of Grupo Alfa (Monterrey, Mexico), has revised down its Ebitda guidance for 2014 from $570 million to $500 million, the...
http://www.chemweek.com/home/top_of_the_news/Alpek-cuts-2014-Ebitda-guidance-by-$70-million_62480.html
July 16, 2014
3M announced today that it will acquire Sumitomo Electronic’s 25% stake in its Japanese subsidiary Sumitomo 3M for ¥90 billion ($885 million). Upon completing the...
http://www.chemweek.com/home/top_of_the_news/3M-to-acquire-Sumitomo-Electronics-25-percent-stake-in-Japanese-subsidiary_62479.html
July 16, 2014
Private equity firm SVP Global is preparing to sell vinyls company Vestolit (Marl, Germany) in a deal potentially valued at about €300 million, according to a Reuters report...
http://www.chemweek.com/home/top_of_the_news/Report-Private-equity-firm-prepares-to-divest-PVC-maker-Vestolit_62477.html
July 16, 2014
Evonik Industries said today that it has closed on an equity investment in Biosynthetic Technologies (BT; Irvine, CA), a specialist in biobased lubricants. BT has developed and...
http://www.chemweek.com/home/top_of_the_news/Evonik-invests-in-biobased-lubricants-start-up-Biosynthetic-Technologies_62476.html
July 16, 2014
Sumitomo Chemical announced today that its wholly owned subsidiary Valent U.S.A. (Walnut Creek, CA) has launched a new crop protection product in the United States for seed treatment...
http://www.chemweek.com/home/top_of_the_news/Sumitomo-Chemical-launches-new-seed-treatment-in-the-US_62475.html
July 16, 2014
Invista said on Monday that it has resolved a lawsuit against a Chinese engineer for misappropriating and infringing on trade secrets relating to a portion of Invista’s purified...
http://www.chemweek.com/home/top_of_the_news/Invista-wins-PTA-intellectual-property-lawsuit-in-Beijing-court_62474.html
July 16, 2014
India's chemical industry is set to more than double in size to $224 billion by 2017, compared with $108.4 billion at present, and become a major exporter, participants at an industry...
http://www.chemweek.com/home/top_of_the_news/Indias-chemical-industry-to-more-than-double-by-2017_62256.html
July 16, 2014
Methanol Chemicals Co. (Chemanol; Dammam, Saudi Arabia) has announced that a fire broke out at its para-formaldehyde plant at Al Jubail on Friday afternoon. The company’s...
http://www.chemweek.com/home/top_of_the_news/Chemanol-closes-para-formaldehyde-plant-following-a-fire_62441.html
July 16, 2014
Evonik Industries and Jiangsu Zhongneng Polysilicon Technology Development Co., a wholly owned subsidiary of GCL-Poly Energy Holdings (GCL-Poly), have signed a letter of intent to...
http://www.chemweek.com/home/top_of_the_news/Evonik-forms-jv-to-produce-fumed-silica-and-silicon-tetrachloride-in-China_62438.html
July 15, 2014
Koppers Holdings (Pittsburgh, PA) is exploring the consolidation of its North American tar distillation operations, including naphthalene and phthalic anhydride production, at Stickney, IL. The company says it will be applying for the necessary environmental permits, and a decision could be made within several months. If the project goes forward, the new naphthalene plant could start up in early 2016, says Koppers....
http://www.chemweek.com/home/top_of_the_news/Koppers-exploring-consolidation-of-North-American-tar-distillation_62471.html
July 15, 2014
Stepan says it has acquired a sulfonation production plant in Bahia, Brazil from Procter & Gamble (P&G), for an undisclosed sum. The plant, in the country’s northeast...
http://www.chemweek.com/home/top_of_the_news/Stepan-acquires-Brazil-sulfonation-plant-from-P-and-G_62472.html
July 15, 2014
Albemarle has reached an agreement to acquire Rockwood Holdings, a leading producer of lithium and surface treatment chemicals, for $6.2 billion....
http://www.chemweek.com/home/top_of_the_news/Albemarle-to-buy-Rockwood-for-$6-2-billion_62458.html
July 15, 2014
Fluor has been awarded a contract by Gate Terminal, a subsidiary of Vopak and Gasunie, to design and build a liquefied natural gas (LNG) break bulk terminal at Rotterdam. Fluor will...
http://www.chemweek.com/home/top_of_the_news/Fluor-awarded-contract-for-LNG-terminal-at-Rotterdam_62459.html
July 15, 2014
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) has awarded several technology provision contracts for its previously announced, $3.6-billion Liwa plastics...
http://www.chemweek.com/home/top_of_the_news/Oman-awards-technology-contracts-for-$3-6-billion-petchem-project_62456.html
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