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March 4, 2015
ExxonMobil expects to reduce capital spending over the next three years while starting up 16 major oil and natural gas projects and increasing production, says Rex Tillerson, chairman and CEO....
http://www.chemweek.com/home/top_of_the_news/ExxonMobil-to-reduce-group-capital-spending-through-2017-chemical-business-showing-resilience_68309.html
March 4, 2015
Benzene spot prices have gained more than $100/m.t. in Europe in one week, prompted primarily by a push-up on price in the US market. The increase in spot prices has led some players...
http://www.chemweek.com/home/top_of_the_news/Europe-benzene-spot-price-gains-boosted-by-US-prices_68307.html
March 4, 2015
Ineos plans to integrate the Americas business activities of Ineos ABS into Styrolution by the end of 2015. The marketing, sales, customer service, supply chain, procurement, R&D, human resources, and manufacturing functions of the two businesses will be merged, says Ineos....
http://www.chemweek.com/home/top_of_the_news/Ineos-to-integrate-Ineos-ABS-Styrolution-in-the-Americas-by-year-end_68304.html
March 4, 2015
Henkel says that operating profit in the company's adhesive technologies business unit increased to €314 million in the fourth quarter of 2014, from €259 million in the...
http://www.chemweek.com/home/top_of_the_news/Henkels-adhesives-sales-profit-up-on-growth-in-emerging-markets_68301.html
March 4, 2015
Allana Potash (Toronto) is seeking to link with Yara International and other companies in its previously announced potash fertilizer project in Ethiopia. Both Allana and Yara are...
http://www.chemweek.com/home/top_of_the_news/Allana-Potash-seeking-to-link-with-Yara-in-Ethiopian-potash-project_68300.html
March 4, 2015
Sumitomo Chemical says that its wholly owned Valent BioSciences (Libertyville, IL) subsidiary has acquired Mycorrhizal Applications (Grants Pass, OR), the world's largest producer of...
http://www.chemweek.com/home/top_of_the_news/Sumitomo-Chemical-acquires-crop-enhancement-products-business-in-US-Update_68293.html
March 4, 2015
Evonik Industries has reported today full-year 2014 sales of €12.9 billion ($14.4 billion), compared with €12.7 billion a year ago, or an increase of 2% year-on-year (YOY)...
http://www.chemweek.com/home/top_of_the_news/Evonik-reports-higher-fourth-quarter-sales-earnings_68258.html
March 4, 2015
Sociedad Química y Minera de Chile (SQM; Santiago) posted net income of $78 million in the fourth quarter of 2014, compared with $69 million one year earlier. The comparison...
http://www.chemweek.com/home/top_of_the_news/SQMs-net-income-up-sales-stable_68294.html
March 4, 2015
Distributor DKSH (Zurich) says that it has signed an exclusive agreement with DFE Pharma (Goch, Germany), the world’s leading manufacturer of pharmaceutical excipients, to...
http://www.chemweek.com/home/top_of_the_news/DKSH-signs-distribution-deal-with-excipients-manufacturer-DFE-Pharma_68298.html
March 4, 2015
BASF says that it is significantly expanding its production capacity for about 20 specialty amines at the company’s site at Ludwigshafen. The company will invest a double-digit...
http://www.chemweek.com/home/top_of_the_news/BASF-expands-capacity-for-specialty-amines-at-Ludwigshafen_68296.html
March 4, 2015
Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, reports a net profit of $345,000 in the fourth quarter of 2014 compared...
http://www.chemweek.com/home/top_of_the_news/Codexis-swings-to-profit_68290.html
March 3, 2015
LSB Industries (Oklahoma City, OK) reports net income of $657,000 for the fourth quarter, down from $37.3 million in the year-ago period. Sales totaled $181.3 million, up 22% year-over-year (YOY). Adjusted earnings of 9 cts/share fell short of the analysts’ consensus estimate of 35 cts/share, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/home/top_of_the_news/LSB-Industries-fourth-quarter-results-miss-estimates_68271.html
March 3, 2015
Industrial biotechnology firm BioAmber today announced that it has initiated commissioning activities for its 30,000 m.t./year biobased succinic acid plant at Sarnia, Ontario....
http://www.chemweek.com/home/top_of_the_news/BioAmber-begins-commissioning-biobased-succinic-acid-plant-at-Sarnia_68270.html
March 3, 2015
Biopolymers firm Metabolix (Cambridge, MA) announced today that it has entered into a global, exclusive commercial and technology alliance with Honeywell to offer new marine...
http://www.chemweek.com/home/top_of_the_news/Honeywell-taps-Metabolix-for-a-biodegradable-alternative-to-personal-care-microbeads_68287.html
March 3, 2015
Total's New Energies division has made an unspecified investment in cellulosic sugar firm Renmatix (King of Prussia, PA), and the two companies have signed a joint development...
http://www.chemweek.com/home/top_of_the_news/Total-invests-in-cellulosic-sugar-firm-Renmatix_68245.html
March 3, 2015
Bayer MaterialScience will discontinue production at the Belford Roxo site in Brazil. The facilities, designed to produce 55,000 m.t./year of methylene di-para-phenylene isocyanate...
http://www.chemweek.com/home/top_of_the_news/Bayer-MaterialScience-to-discontinue-production-in-Brazil_68266.html
March 3, 2015
The National Industrialization Co. (Tasnee; Riyadh) has raised its stake in Dyesol (Queanbeyan, Australia), a company developing solar cells based on dye technology, to 33.50% from...
http://www.chemweek.com/home/top_of_the_news/Tasnee-increases-stake-in-Dyesol_68250.html
March 3, 2015
Lygos (Emeryville, CA) has successfully produced malonic acid from sugar via a collaborative pilot project with Lawrence Berkeley National Lab’s Advanced Biofuels Process...
http://www.chemweek.com/home/top_of_the_news/Lygos-succeeds-in-producing-malonic-acid-from-sugar_68253.html
March 3, 2015
Wacker Chemie says that it is currently building a new plant for specialty monomers with a production capacity of 3,800 m.t./year, at the company’s site at Burghausen, Germany...
http://www.chemweek.com/home/top_of_the_news/Wacker-builds-production-plant-for-specialty-monomers-in-Germany_68264.html
March 3, 2015
KVK-Tech (Newtown, PA), a leading developer, manufacturer, and marketer of specialty pharmaceuticals, says it has entered into an agreement to purchase Lockheed Martin’s Newtown...
http://www.chemweek.com/home/top_of_the_news/Pharma-company-buys-Lockheed-Martins-Newtown-PA-site_68263.html
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