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January 6, 2015
Benzene contracts for January were settled in the United States last week at $2.20/gal ($658/m.t.), a steep, 35% decline from December’s $3.37/gal and the lowest value in more than five years, according to data from IHS Chemical....
http://www.chemweek.com/home/top_of_the_news/Benzene-contracts-settle-in-US-at-five-year-low_66579.html
January 6, 2015
China has canceled its system of quotas that restrict exports of rare earths in order to comply with a World Trade Organization (WTO; Geneva) ruling, press reports say. WTO, in August...
http://www.chemweek.com/home/top_of_the_news/China-cancels-rare-earth-export-quotas_66569.html
January 5, 2015
The Burkard-Schenker family, the largest shareholder of Sika (Baar, Switzerland), has filed a lawsuit with the cantonal court of Zug, Switzerland, to force an extraordinary...
http://www.chemweek.com/home/top_of_the_news/Report-Sika-majority-owner-files-lawsuit-to-push-through-sale-to-Saint-Gobain_66556.html
January 5, 2015
An arbitrage on benzene, which had opened up between the United States and Europe during the holiday period, closed rapidly today as traders returned to the market in bearish mood...
http://www.chemweek.com/home/top_of_the_news/US-Europe-benzene-arbitrage-window-shuts_66554.html
January 5, 2015
Borealis is appealing a decision issued by the Finnish tax authority requesting the company to pay €281.7 million ($335.9 million) on behalf of a subsidiary regarding the year...
http://www.chemweek.com/home/top_of_the_news/Borealis-appeals-&euro282-million-Finnish-tax-bill_66552.html
January 5, 2015
Equate Petrochemical, a joint venture among Petrochemical Industries Co. (Kuwait City), Dow Chemical, Boubyan Petrochemical Co., and Qurain Petrochemical Industries, today...
http://www.chemweek.com/home/top_of_the_news/Equate-completes-turnaround-and-first-phase-of-polyethylene-expansion-project_66537.html
January 5, 2015
Solvay has completed the acquisition of Chevron Phillips Chemical's (CPChem) polyphenylene sulfide (PPS) business for $220 million, Solvay announced today. The deal was originally...
http://www.chemweek.com/home/top_of_the_news/Solvay-completes-acquisition-of-CP-Chems-PPS-assets_66551.html
January 5, 2015
The number of new drugs approved by FDA last year rose to 41 from 27 in 2013, the highest number for 18 years. The 2014 approval list included 15 drugs for so-called orphan...
http://www.chemweek.com/home/top_of_the_news/FDA-new-drug-approvals-rise-to-18-year-high_66541.html
January 5, 2015
Novartis has announced it completed, on 1 January, divesting its animal health division to Eli Lilly for approximately $5.40 billion. The deal is part of a comprehensive set of...
http://www.chemweek.com/home/top_of_the_news/Novartis-completes-divestment-of-animal-health-business-to-Eli-Lilly-for-$5-4-billion_66540.html
January 5, 2015
Advanced Petrochemical Co., a Saudi producer of propylene and polypropylene, today reported its preliminary 2014 results. The company reports fourth-quarter net profit increased 24%...
http://www.chemweek.com/home/top_of_the_news/Advanced-reports-higher-profits_66539.html
January 5, 2015
SRF (Gurgaon), a leading Indian manufacturer of hydrofluorocarbon (HFC) refrigerants, has acquired the global HFC-134a pharmaceutical propellant gases business of DuPont for $20...
http://www.chemweek.com/home/top_of_the_news/Indian-firm-acquires-DuPonts-Dymel-pharma-grade-HFC-134a-business_66538.html
January 5, 2015
Lubrizol says that it has completed the previously announced acquisition of Warwick Chemicals (Mostyn, UK), a maker of tetraacetyl ethylene diamine, a bleach activator used primarily...
http://www.chemweek.com/home/top_of_the_news/Lubrizol-completes-acquisition-of-Warwick-Chemicals_66549.html
January 2, 2015
Hyosung Corp. (Seoul), the world’s largest producer of spandex fiber, says it plans to expand capacity at its plant in Guangdong Province, China by more than 14%. The expansion...
http://www.chemweek.com/home/top_of_the_news/Hyosung-to-hike-spandex-production-capacity-in-China_66536.html
January 2, 2015
Lubrizol says that it has completed the previously announced acquisition in the United States and Canada of Weatherford International’s global oilfield chemicals business, known...
http://www.chemweek.com/home/top_of_the_news/Lubrizol-completes-acquisition-of-Weatherford-oilfield-chemicals-and-drilling-fluid-businesses_66534.html
January 1, 2015
Cristal, the titanium dioxide (TiO2) subsidiary of the National Industrialization Co. (Tasnee), has announced that it will begin commercial production of titanium slag at its new...
http://www.chemweek.com/home/top_of_the_news/Cristals-titanium-dioxide-raw-material-unit-to-begin-production-in-the-second-quarter_66528.html
December 31, 2014
Pacific Ethanol (Sacramento) and Aventine Renewable Energy Holdings (Pekin, IL) say they have entered into a definitive merger agreement under which Pacific Ethanol will acquire all of...
http://www.chemweek.com/home/top_of_the_news/Pacific-Ethanol-and-Aventine-Renewable-Energy-to-merge_66519.html
December 31, 2014
Agrium announced today that it has restarted potash production at its Vanscoy, SK, facility after completing a major turnaround to tie in its 1.0-million m.t./year expansion project...
http://www.chemweek.com/home/top_of_the_news/Agrium-restarts-potash-production-at-Vanscoy_66517.html
December 31, 2014
Plastics production capacity in the Gulf Cooperation Council (GCC) countries will increase 25% by 2020, to 33.8 million m.t./year, says the Gulf Petrochemicals and Chemicals...
http://www.chemweek.com/home/top_of_the_news/GPCA-Plastics-capacity-in-GCC-countries-to-increase-25-percent-by-2020_66513.html
December 31, 2014
Asian aromatics prices have lost much of their value in 2014, falling toward the end of December to about half of their levels one year ago, IHS Chemical data show. Prices have fallen...
http://www.chemweek.com/home/top_of_the_news/Aromatics-prices-have-fallen-by-half-in-Asia-during-2014_66509.html
December 31, 2014
Saudi International Petrochemical (Sipchem; Al Khobar) says it plans to start up a polybutylene terephthalate (PBT) plant at Al Jubail during the first quarter of 2015. "The...
http://www.chemweek.com/home/top_of_the_news/Sipchem-to-start-up-PBT-plant-in-the-first-quarter_66508.html
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