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November 16, 2012
Indorama Ventures (Bangkok) has confirmed plans to build a new polyethylene terephthalate (PET) plant in the United States. The company had first announced plans for the project...
http://www.chemweek.com/home/top_of_the_news/Indorama-confirms-PET-project-in-US-to-debottleneck-plant-in-Poland_47784.html
November 16, 2012
Borealis today reported a 21% increase in third-quarter net profit, to €129 million ($165 million), on 10% higher sales, at €1.92 billion. The company, owned 64% by the...
http://www.chemweek.com/home/top_of_the_news/Borealis-reports-higher-sales-and-profits-looking-into-importing-US-gas_47787.html
November 15, 2012
Toyo Engineering (Narashino, Japan) says that its Toyo Engineering Korea (Toyo-Korea; Seoul) subsidiary has been awarded a contract by Korea Petrochemical Industry Co. (KPIC; Seoul)...
http://www.chemweek.com/home/top_of_the_news/Toyo-Engineering-awarded-contract-for-EO-EG-project-in-Korea_47782.html
November 15, 2012
Shell says it has taken a final investment decision to debottleneck its steam cracker at Bukom Island, Singapore. This is expected to increase the capacity of olefins and aromatics by...
http://www.chemweek.com/home/top_of_the_news/Shell-to-increase-capacity-at-petrochemical-complex-in-Singapore_47712.html
November 15, 2012
Innospec and private equity firm Blackstone Capital Partners (New York) have submitted a revised bid for TPC Group, which values the company at $47.50/share, about 5.6% higher than...
http://www.chemweek.com/home/top_of_the_news/Innospec-raises-TPC-bid-to-$47-50share-update_47724.html
November 15, 2012
Archer Daniels Midland (ADM) has agreed to manufacture up to 100,000 m.t. of Solazyme's (San Francisco) tailored algal oils annually at the Clinton, IA fermentation facility ADM built...
http://www.chemweek.com/home/top_of_the_news/Solazyme-and-ADM-to-produce-tailored-oils-at-former-Telles-fermentation-plant_47722.html
November 15, 2012
Chengdu Tianqi Industry Group (Tianqi) announced yesterday that its wholly owned subsidiary Windfield Holdings has acquired 14.99% of Talison Lithium (Perth, Australia), and intends to...
http://www.chemweek.com/home/top_of_the_news/Chinese-firm-plans-rival-bid-for-Talison-Lithium_47662.html
November 15, 2012
Renewable oils firm Solazyme and agribusiness giant Bunge have signed a framework agreement to expand the global production capability of their tailored oils joint venture from the...
http://www.chemweek.com/home/top_of_the_news/Solazyme-and-Bunge-to-triple-size-of-renewable-oils-joint-venture_47723.html
November 15, 2012
Mitsubishi Rayon says it has completed the acquisition of TK Industries (Naila, Germany), a company that develops and manufactures carbon fiber based multiaxial noncrimp fabric (NCF)...
http://www.chemweek.com/home/top_of_the_news/Mitsubishi-Rayon-makes-acquisitions-in-Germany-Japan_47715.html
November 15, 2012
European Union (EU) chemicals production decreased 2.2% in the first eight months of 2012 compared with the same period of 2011, according to Cefic’s latest Chemicals Trends...
http://www.chemweek.com/home/top_of_the_news/EU-chemicals-output-declines-2-2-percent-in-first-eight-months-of-2012_47720.html
November 15, 2012
China’s Ministry of Commerce (Mofcom; Beijing) says it is extending the investigation into imports of ethylene glycol monobutyl ether and diethylene glycol monobutyl ether from...
http://www.chemweek.com/home/top_of_the_news/China-extends-antidumping-probe-into-monobutyl-ether-from-US-and-EU_47717.html
November 14, 2012
Moody’s has downgraded its credit outlook for the chemical industry in North America, as well as Europe, the Middle East, and Africa (EMEA), the ratings service says. The outlook...
http://www.chemweek.com/home/top_of_the_news/Moodys-downgrades-chemical-industry-credit-outlook_47711.html
November 14, 2012
Huntsman Corp. says it has entered into a joint venture agreement with Sinopec Jinling (Nanjing, China), a subsidiary of Sinopec, to build a propylene oxide-methyl tert-butyl ether...
http://www.chemweek.com/home/top_of_the_news/Huntsman-and-Sinopec-form-jv-to-build-PO-MTBE-facility-in-China_47658.html
November 14, 2012
Ferro announced today that James Kirsch has stepped down as president and CEO and resigned from his position as the chairman of company's board of directors. The transition follows...
http://www.chemweek.com/home/top_of_the_news/Ferro-CEO-James-Kirsch-resigns_47679.html
November 14, 2012
Indorama Ventures (Bangkok) recorded a 64% fall in net profits for the third quarter of 2012 compared with the year-ago period, to $50 million. Third-quarter sales increased 0.5%, to...
http://www.chemweek.com/home/top_of_the_news/Indorama-reports-fall-in-quarterly-profits_47688.html
November 14, 2012
Competitive raw materials stemming from shale gas development in the US have caused investors to reconsider the timing for planned world-scale projects in Latin America, with...
http://www.chemweek.com/home/top_of_the_news/APLA-2012-Shale-gas-alters-Latin-Americas-prospects_47655.html
November 14, 2012
The deal doubles Sherwin-Williams' Latin American coatings business and increases retail distribution in many markets where current store counts are low, the company says....
http://www.chemweek.com/home/top_of_the_news/Sherwin-Williams-to-acquire-Comex-for-$2-34-billion_47635.html
November 14, 2012
The European commission says it is taking two important steps to address the growing supply-demand imbalance of carbon dioxide (CO2) emission allowances in the European Union's...
http://www.chemweek.com/home/top_of_the_news/EU-proposes-immediate-action-to-halt-buildup-of-CO2-emission-allowance-surplus_47689.html
November 14, 2012
BASF and Gazprom (Moscow) have agreed on an asset swap, under which BASF will increase its oil and gas production in Russia and exit the gas trading and storage business. The deal was...
http://www.chemweek.com/home/top_of_the_news/BASF-and-Gazprom-agree-on-energy-asset-swap_47687.html
November 14, 2012
Pictured, from left, at yesterday's grand opening event celebrating the launch of BASF's new cathode materials production plant in Elyria, Ohio, are Ohio State Senator Gayle Manning...
http://www.chemweek.com/home/top_of_the_news/BASF-opens-Ohio-battery-plant_47665.html
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