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October 16, 2015Northwest Innovation Works (NWIW; Kalama, WA), a company owned by Chinese investors, has significantly scaled up its investment and planned methanol capacity in the US Pacific...
October 14, 2015Recent financial and restructuring announcements by producers Huntsman and Chemours show that conditions in the titanium dioxide (TiO2) market have not improved. Pricing continues to...
October 12, 2015Dow Chemical enters a pivotal phase as it nears completion of an $8.5-billion divestiture program and prepares to ramp up operations at new investments in the Mideast and United States. Dow says the moves will demonstrate the growth and earnings potential of its integrated portfolio. Sadara, a $20-billion joint venture with Aramco in Saudi Arabia; and a propane dehydrogenation (PDH) unit at Freeport, TX, start operating in the fourth quarter. Dow’s Freeport cracker and downstream Gulf Coast derivative investments are set to come online in early 2017....
October 9, 2015DuPont chair and CEO Ellen Kullman will retire from the company effective 16 October. Former Tyco International CEO Edward Breen, who joined DuPont’s board in February, has been named interim chairman and CEO as the company searches for a permanent replacement....
October 9, 2015The advent of shale gas and oil in North America has hugely benefited the world economy, in terms of energy supply and costs, says Daniel Yergin, vice chairman of IHS. Speaking at the European Petrochemical Association’s (EPCA) 49th annual meeting, held recently in Berlin, Yergin said, “The energy position of the globe looks much better” than it did only a few years ago....
October 6, 2015Superior Plus (Toronto) has announced plans to acquire sodium chlorate and chlor-alkali maker Canexus (Calgary, AB) in a deal valued at C$932 million ($714 million) including debt...
October 20, 2015
Olin announced on Monday that it has completed its merger with Dow’s chlorine products businesses. Two Dow veterans, William H. Weideman and Carol A. Williams, have been elected to Olin’s board of directors, says the company....
October 6, 2015Former Tyco International CEO Edward Breen, who joined DuPont’s board in February, has been named interim chairman and CEO. DuPont also cut its second-half 2015 outlook on Monday, citing a stronger dollar and slumping agricultural markets....
October 2, 2015Shares 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, 2015The 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....