IHS Chemical Week

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August 27, 2013
Shell Chemical has begun accepting bids from ethane suppliers for its proposed petrochemical complex in Pennsylvania, according to a company statement issued on 27 August.
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http://www.chemweek.com/lab/Shell-taking-bids-from-ethane-suppliers-for-proposed-Pennsylvania-cracker_54779.html
August 26, 2013
A backlog in FDA approvals for active ingredients in sunscreen is limiting options for sunscreen formulators, producers say....
http://www.chemweek.com/lab/Ingredient-approval-a-challenge-for-sunscreen-formulators_54667.html
August 23, 2013
BHP Billiton (Melbourne) says it is going ahead with a $2.6-billion investment to finish the excavation and lining of production and service shafts at the company’s previously announced Jansen potash project, in Canada, and to continue installing essential surface infrastructure and utilities....
http://www.chemweek.com/lab/BHP-commits-$2-6-billion-to-Canada-potash-project_54686.html
August 23, 2013
Syngenta (Basel), the leading global producer of crop protection chemicals and the third-largest seeds player, has ambitious goals. The company, in 2011, combined the commercial operations of these two businesses to serve farmers with an integrated, crop-by-crop offering....
http://www.chemweek.com/lab/Syngenta-Technology-to-boost-world-food-supplies_54666.html
August 21, 2013
Chevron was selected as the “Best of the Best” among this year’s IHS Spectrum Excellence Award winners based on its innovative use of information systems and best practices to achieve environmental, health, safety and sustainability (EHS&S) business goals. Several chemical makers also won Spectrum Excellence awards for sustainability and innovation, including Drom Fragrances, RPM's Rust-Oleum Europe subsidiary, and Total Petrochemicals and Refining....
http://www.chemweek.com/lab/Chevron-wins-IHS-Spectrum-Excellence-Award_54440.html
August 16, 2013
Resistance by German automaker Daimler to a hydrofluorocarbon replacement developed by DuPont for refrigerant applications makes placing a valuation on DuPont’s fluorochemicals business challenging, says Ray Will, a director with IHS Chemical’s consulting practice....
http://www.chemweek.com/lab/Daimler-resistance-to-HFC-alternative-complicates-valuation-of-DuPont-fluorochemicals-business_54529.html
August 15, 2013
Trian Fund Management, led by activist investor Nelson Peltz, has acquired a 2.3% stake in DuPont and has met with company management to outline possible strategic changes, according to a person familiar with the matter. Trian currently holds more than 21 million DuPont shares, according to the person. The person adds that Trian has met with DuPont chair and CEO Ellen Kullman as well as other DuPont senior management and has presented the company with a white paper on strategic changes to increase shareholder value....
http://www.chemweek.com/lab/Trian-takes-2-3-percent-stake-in-DuPont_54511.html
August 14, 2013
Quinpario Acquisition (St. Louis, MO), a special purpose acquisition company formed by former Solutia executives to fund specialty chemical buyouts, has completed a $172.5-million initial public offering (IPO)....
http://www.chemweek.com/lab/Quinpario-IPO-raises-$172-5-million-for-specialty-chemical-acquisition-fund_54499.html
August 14, 2013
Trian Fund Management, led by activist investor CEO Nelson Peltz, has acquired a 0.6% stake in DuPont, according to regulatory filings....
http://www.chemweek.com/lab/Trian-reveals-small-DuPont-stake_54496.html
August 13, 2013
DuPont has adopted a cash payout severance plan for senior executives fired following a company takeover and also changed company bylaws regarding advance notice of shareholder...
http://www.chemweek.com/lab/DuPont-adopts-executive-severance-and-bylaw-changes-in-advance-of-Trian-stake-disclosure_54468.html
August 13, 2013
“We now have the requisite permits in hand to initiate construction of the cracker and polyethylene units, and remain in the first-mover position, leading the way as the US petrochemical industry announces significant expansions of capacity as a result of shale resource development,” says Ron Corn, v.p./corporate planning and development....
http://www.chemweek.com/lab/Chevron-Phillips-Chemical-cracker-and-PE-projects-gain-environmental-permits_54456.html
August 12, 2013
Chemical majors are collaborating with biotechnology companies to develop chemicals derived from renewable feedstocks....
http://www.chemweek.com/lab/Industrial-biotechnology-Chemical-building-blocks-from-renewable-resources_54373.html
August 9, 2013
Quinpario Acquisition (St. Louis), a blank check acquisition vehicle led by former Solutia executives to purchase specialty chemicals and materials businesses, has priced a planned...
http://www.chemweek.com/lab/Quinpario-prices-IPO-for-specialty-chemical-buyout-vehicle_54403.html
July 31, 2013

Ineos says its has started commercial-scale production of cellulosic ethanol at its Indian River BioEnergy center joint venture at Vero Beach, FL. The first ethanol shipments from the plant, the first US facility to produce cellulosic ethanol at commercial scale, will be made in August.

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http://www.chemweek.com/lab/Ineos-begins-waste-to-ethanol-production-at-Florida-plant_54103.html
July 31, 2013
Pershing Square Capital Management (New York), run by activist investor Bill Ackman, has acquired a 9.8% stake in Air Products, according to regulatory filings. The firm says in the filing that Air Products “is undervalued and is an attractive investment.”...
http://www.chemweek.com/lab/Hedge-fund-Pershing-Square-acquires-9-8-percent-stake-in-Air-Products_54108.html
July 29, 2013
A surge in revenues and profits from shale gas helped lift US chemical profits in 2012—and took executive pay along with them. This year’s CW survey shows that the median increase for the 37 CEOs who held the same title in 2012 and 2011 was 19%, up from the 7.7% jump in 2011. Of the 43 total CEOs reported this year, only 5 changed from 201—showing a consistency in leadership over the past few years....
http://www.chemweek.com/lab/Executive-compensation-CEOs-post-gains-as-profits-rebound_53911.html
July 26, 2013
Dow Chemical has agreed to sell its styrenics unit, Styron, to Bain Capital (Boston) for $1.63 billion. The sale is part of the company’s continuing efforts to mend its balance...
http://www.chemweek.com/lab/Dow-Sells-Styron-to-Bain-Capital-for-$1-63-Billion_25358.html
July 26, 2013
Dow Chemical says it has completed the sale of its styrenics unit, Styron, to Bain Capital (Boston) for $1.63 billion. The company placed Styron up for sale in July 2009 and announced...
http://www.chemweek.com/lab/Dow-Completes-Sale-of-Styron-Business_27502.html
July 26, 2013
Styron has appointed Richard Diemer, Jr. as its new executive v.p. and CFO. Diemer was formerly senior v.p. and CFO of Albemarle. He succeeds Celso Goncalves, who will remain with...
http://www.chemweek.com/lab/Styron-Names-Three-Vice-Presidents_29117.html
July 26, 2013
Live from
K-ShowStyron has assumed ownership of Dow Chemical's 50% stake in the Sumitomo Dow Ltd. (Tokyo) polycarbonate (PC) joint venture. Sumitomo Chemical holds the other 50% of the jv. The deal...
http://www.chemweek.com/lab/K2010-Styron-Takes-Dows-Stake-in-PC-Venture-with-Sumitomo_30478.html
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