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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
July 15, 2014
Merck Serono, the biopharmaceutical division of Merck KGaA, has announced the appointment of Luciano Rossetti as executive v.p. and head/R&D as of 21 July.  In his most recent...
http://www.chemweek.com/home/top_of_the_news/Merck-Serono-appoints-head-of-R-and-D_62455.html
July 14, 2014
Biocatalyst firm Codexis (Redwood City, CA) and GlaxoSmithKline (GSK) have announced a license technology agreement worth up to $25 million in initial payments in addition to milestone...
http://www.chemweek.com/home/top_of_the_news/GlaxoSmithKline-licenses-Codexiss-protein-engineering-platform_62431.html
July 14, 2014
Kyowa Hakko Kirin’s (KHK; Tokyo) subsidiary ProStrakan Group (Galashiels, UK) has agreed with Novo to purchase the entire share capital of Archimedes Pharma (Reading, UK) for...
http://www.chemweek.com/home/top_of_the_news/Kyowa-Hakko-Kirin-subsidiary-to-acquire-Archimedes-Pharma_62434.html
July 14, 2014
Hexpol (Malmö, Sweden) a leading polymers group with strong global market positions in advanced polymer compounding, has signed an agreement to acquire the business of Kardoes...
http://www.chemweek.com/home/top_of_the_news/Hexpol-acquires-US-rubber-compounder-Kardoes-Rubber_62439.html
July 14, 2014
EMS Group (Domat/Ems, Switzerland) on Friday reported its six months results covering January–June. Net operating income was up 17.5%, to 215 million Swiss francs ($241.3...
http://www.chemweek.com/home/top_of_the_news/EMS-reports-higher-sales-and-earnings-buys-partner-out-of-Mexican-automotive-JV_62437.html
July 14, 2014
AFC Energy (Dunsfold, UK), an industrial fuel cell power company, says it has signed a memorandum of understanding (MOU) with Chang Shin Chemical, a leading South Korean hydrogen...
http://www.chemweek.com/home/top_of_the_news/AFC-Energy-and-Chang-Shin-Chemical-sign-MOU-for-fuel-cell-power-system_62436.html
July 14, 2014
EuroChem (Moscow), Russia’s largest fertilizer company and among the top 10 global players, today announced the launch of phosphate ore production at the Kok-Jon phosphate rock...
http://www.chemweek.com/home/top_of_the_news/EuroChem-begins-producing-phosphate-ore-in-Kazakhstan-plans-fertilizer-complex_62435.html
July 14, 2014
The European General Court (Luxembourg) has more than halved the €318.2-million ($433.5 million) fine imposed on Sasol in 2008 for participating in a price-fixing cartel for...
http://www.chemweek.com/home/top_of_the_news/European-court-cuts-Sasol-wax-cartel-fine_62443.html
July 14, 2014
Elevance Renewable Sciences (Woodbridge, IL) and Genting Plantations (Kuala Lumpur) today announced plans to build a 240,000-m.t./year biorefinery based on Elevance's metathesis...
http://www.chemweek.com/home/top_of_the_news/Elevance-and-Genting-Plantations-ink-biorefinery-collaboration_62432.html
July 11, 2014
The Japanese food ingredients group Ajinomoto is examining buying German rival Symrise (Holzminden), according to the German investment newsletter Platow Brief. The newsletter says...
http://www.chemweek.com/home/top_of_the_news/Ajinomoto-eyeing-flavors-and-fragrances-rival-Symrise_62416.html
July 11, 2014
Sika (Baar, Switzerland) says it has opened a plant at Aparecida de Goiânia, Goiás State, in mid-estern Brazil. Sika's new plant will supply concrete admixtures and...
http://www.chemweek.com/home/top_of_the_news/Sika-opens-concrete-admixtures-and-mortars-plant-in-Brazil_62414.html
July 11, 2014
CCP Composites (Courbevoie, France), a Total subsidiary specialized in composite resins; and Polynt Group (Scanzorosciate, Italy) plan to combine in a deal that would create an...
http://www.chemweek.com/home/top_of_the_news/Private-equity-backed-Polynt-offers-to-buy-Totals-CCP-Composites_62413.html
July 11, 2014
Specialty chemicals distributor IMCD Group (Rotterdam) says that, following its recent initial public offering, the option to sell an additional 15% of the total number of shares...
http://www.chemweek.com/home/top_of_the_news/IMCDs-over-allotment-option-exercised-in-full-IPO-valued-at-more-than-&euro530-million_62422.html
July 11, 2014
US ethylene strengthened this week, spurred by an outage at Chevron Phillips Chemical’s (CPChem; The Woodlands, TX) Port Arthur, TX, cracker; the delayed restart of LyondellBasell’s cracker at La Porte, TX; and imminent planned maintenance at ExxonMobil’s cracker at Baton Rouge, LA....
http://www.chemweek.com/home/top_of_the_news/US-ethylene-prices-strengthen-on-outages_62419.html
July 11, 2014
DSM announced today that it has reached an agreement to acquire Aland HK Holding, a Hong Kong–based company producing vitamin C in mainland China. DSM had announced in April that...
http://www.chemweek.com/home/top_of_the_news/DSM-agrees-to-acquire-Chinese-vitamin-C-producer-Aland_62410.html
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