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October 2, 2015
Kraton Performance Polymers (Houston), a leading producer of styrene block copolymers, has agreed to acquire pine-chemicals maker Arizona Chemical (Jacksonville, FL) from private equity firm American Securities (New York) for a cash price of $1.37 billion....
October 2, 2015
Shares of Covestro (Leverkusen), formerly Bayer MaterialScience, will be offered on the stock market for €24.00, valuing the company at €4.9 billion. Bayer says it wants to...
October 2, 2015
The US economy will take a massive hit if Congress does not extend the deadline for implementation of positive train control (PTC), according to a report released Thursday by ACC. A one-month disruption would reduce GDP by $30 billion and cost 700,000 jobs, says the report....
October 2, 2015
Koda Distribution Group (KDG; Stamford, CT) has named Tim Dooling as president of its Koda Care vertical. Koda Care is comprised of DeWolf Chemical, Glenn Corp., and GMZ Care. Dooling...
September 30, 2015
Ineos, in its 17 years of existence, has risen to become one of the world’s largest chemical companies. Sales in 2014 were $54 billion, and, together with joint ventures, the company has about 20,000 employees. Ineos was founded and is majority-owned by entrepreneur Jim Ratcliffe....
September 30, 2015
Last year’s collapse in the price of crude oil has dramatically improved naphtha’s competitiveness as a feedstock for ethylene, cutting deeply into the cost advantage of...
September 28, 2015
Air Products plans to spin off its electronics and performance materials segment to shareholders, the latest in a series of tax-free spin-offs announced by chemical makers. The...
September 28, 2015
Ashland has announced plans to spin off its Valvoline motor oil and automotive maintenance segment as a separate publicly traded company. After the spin-off, Ashland will consist of...
September 28, 2015
Huntsman announced Friday that it expects several trends to negatively impact its third-quarter results. According to the company, lower titanium dioxide selling prices, particularly...
September 25, 2015
Indorama Ventures (Bangkok) has announced plans to invest $175 million to restart an ethane cracker near Lake Charles, LA that was idled by Equistar in 2001. Indorama Ventures expects...
September 23, 2015
News roundup Sept. 22 Air Products to spin off materials technologies Air Products plans to spin off its electronics and performance materials segment to shareholders via a tax-free...
September 21, 2015
Kemira at today’s capital markets day (CMD) at its R&D center at Espoo, Finland, will confirm its mid-term financial targets. The company's updated vision, "The first...
September 17, 2015
Air Products plans to spin off its electronics and performance materials segment to shareholders via a tax-free spin-off. The business, which accounts for roughly 20% of Air Products revenue, had 2014 sales of $2.1 billion and adjusted Ebitda of $521 million....
September 15, 2015
The Texas Commission on Environmental Quality (TCEQ) has announced a preliminary decision to issue air quality permits to a 1.3-million m.t./year methanol plant that Celanese has proposed to build at its Bishop, TX, facility....
September 15, 2015
Lanxess is in negotiations to spin its synthetic rubber business into a possible joint venture with Ineos, according to a Reuters report, citing people familiar with the matter...
September 14, 2015
Bayer intends to proceed with an initial public offering of Covestro (Leverkusen), a leading polymers company formerly known as Bayer MaterialScience....
September 14, 2015
Formosa Petrochemical (Taipei) is studying the feasibility of a $9.4-billion ethylene project in St. James Parish, LA, consisting of two ethane crackers and multiple derivative plants...
September 3, 2015
Formosa Petrochemical (Taipei) says it is evaluating a $9.4-billion petrochemical complex in St. James Parish, Louisiana that would include two new crackers. A final investment...
September 1, 2015
Chemours has set a fourth-quarter dividend of 3 cts/share, roughly 95% below the 55-ct/share third-quarter dividend assigned by DuPont. This is the first dividend declared by Chemours...
August 31, 2015
Monsanto dropped plans to acquire Syngenta after its latest offer was rejected. A deal would have combined the world’s largest seeds company, Monsanto, with the world’s...
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