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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
March 3, 2015
Merck KGaA (Darmstadt, Germany) today reported an increase in fourth-quarter and full-year earnings and revenues and provided a positive outlook for 2015. Fourth-quarter Ebitda pre...
http://www.chemweek.com/home/top_of_the_news/Acquisitions-boost-Merck-KGaAs-sales-and-earnings_68257.html
March 3, 2015
Asahi Kasei says that its board of directors today decided to absorb three wholly owned subsidiaries — Asahi Kasei Chemicals (AKC), Asahi Kasei Fibers (AKF), and Asahi Kasei...
http://www.chemweek.com/home/top_of_the_news/Asahi-Kasei-to-absorb-chemicals-fibers-and-electronic-materials-subsidiaries_68261.html
March 3, 2015
DSM today announced that it has finalized the previously announced sale of its Euroresins business to Cathay Investments (Sutton, UK). Euroresins distributes products to the composite...
http://www.chemweek.com/home/top_of_the_news/DSM-completes-sale-of-resins-distribution-business-to-UK-firm_68255.html
March 3, 2015
Sika (Baar, Switzerland) says that it has agreed to acquire mortar producer BMI Products (Milpitas, CA), a company active in production and sales of a full range of mortar products and...
http://www.chemweek.com/home/top_of_the_news/Sika-acquires-US-based-mortar-producer-BMI_68254.html
March 2, 2015
Axiall says that George Biltz, the company’s chief strategy officer since August 2013, has resigned, effective mid-month. Biltz has accepted the position of CEO at another company in the chemical industry....
http://www.chemweek.com/home/top_of_the_news/George-Biltz-leaves-Axiall-to-take-CEO-position_68226.html
March 2, 2015
Bayer today reported a 7.4% rise in 2014 net income to €3.43 billion ($3.89 billion) on 5.2% higher sales of €42.24 billion. Adjusted for currency and portfolio effects...
http://www.chemweek.com/home/top_of_the_news/Bayer-reports-improved-results-will-decide-on-spinoff-or-IPO-of-MaterialScience_68107.html
March 2, 2015
Chemical output in European rose by a paltry 0.3% in 2014, compared with the previous year, according to the latest Cefic Chemicals Trends Report. European chemical sales clawed back...
http://www.chemweek.com/home/top_of_the_news/EU-chemicals-growth-stagnant-in-2014-Cefic_68187.html
March 2, 2015
Braskem has entered into a new six-month contract to receive naphtha feedstock from Petrobras. The new contract is valid until 31 August 2015, and the price will be adjusted...
http://www.chemweek.com/home/top_of_the_news/Braskem-signs-new-six-month-naphtha-supply-contract-with-Petrobras_68224.html
March 2, 2015
India plans to reduce customs duties on a range of petrochemical products and feedstocks, such as styrene monomer and naphtha, when its fiscal year 2015-16 begins on 1 April, the...
http://www.chemweek.com/home/top_of_the_news/India-to-cut-customs-duties-on-products-including-styrene-naphtha_68220.html
March 2, 2015
China was the leading destination for benzene exports from South Korea for a second straight month in February, data obtained by IHS Chemical show. More than 98,000 m.t. of...
http://www.chemweek.com/home/top_of_the_news/China-retains-top-spot-for-benzene-exports-from-Korea_68213.html
March 2, 2015
AkzoNobel says that it has recently broken ground on a new alkoxylation facility at Ningbo, China, bringing the company’s total investment in the Ningbo multi-site to more than...
http://www.chemweek.com/home/top_of_the_news/AkzoNobel-builds-alkoxylation-facility-at-Ningbo_68223.html
March 2, 2015
Borealis today reported a 5% decline in fourth-quarter net profit to €141 million ($157.9 million) on 6% lower sales of €1.98 billion. Full-year 2014 net profit, however, was...
http://www.chemweek.com/home/top_of_the_news/Borealis-reports-record-net-profit-in-2014-warns-of-lower-profit-this-year_68219.html
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