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December 17, 2015
Activist hedge funds Trian Partners and Third Point played a key role in driving Dow Chemical and DuPont toward industry’s largest-ever deal....
December 17, 2015
The megamerger between Dow Chemical and DuPont, which among other things will create an $19-billion agchems giant, is expected to hasten additional consolidation among remaining...
December 17, 2015
Axiall and Lotte Chemical have made a final investment decision to build a 1 million m.t./year ethane cracker in Lake Charles, LA. Work to clear and prepare the site began in the fourth quarter, the companies say, and construction is scheduled to begin in the second quarter of 2016....
December 17, 2015
Some 400 people, including 80 high-ranking officials from Taiwan and China, attended the ground-breaking ceremony on 14 December for Fujian Gu Lei Petrochemical Corp., a previously...
December 17, 2015
The Frank R. Lautenberg Chemical Safety for the 21st Century Act (Lautenberg bill) was passed in the Senate late on 17 December. ACC called the bipartisan passage of the senate...
December 14, 2015
Daniel Loeb, founder and CEO of activist hedge fund Third Point (New York), sent a private letter over the weekend to Dow Chemical’s board calling for the removal of Dow CEO Andrew Liveris. Loeb’s letter argues that Liveris should not have a role in the combined company, of which he would be executive chairman, after Dow merges with DuPont, according to multiple reports....
December 13, 2015
The 12th Iran Petrochemical Forum opened on Sunday in Tehran with around 2,000 delegates attending.  Petrochemical producers, traders, technology licensors, bankers, engineering...
December 11, 2015
The combined company will be named DowDuPont and be dual headquartered in Midland, MI; and Wilmington, DE....
December 11, 2015
Dow Chemical has announced that it will become the 100% owner of Dow Corning, which is currently a 50-50 joint venture with Corning. As part of the deal, Corning will receive $4.8...
December 8, 2015
The deal would be followed by a three-way breakup of the combined company, the report said. Dow chairman and CEO Andrew Liveris would be executive chairman of combined company; DuPont CEO Edward Breen will keep his title. The companies could announce a merger in the coming days, sources told the Journal....
December 3, 2015
Air Liquide expects the United States and North America to generate a disproportionately large share of global industrial gases growth, a key driver behind its $13.4-billion acquisition of Airgas....
December 3, 2015
Sabic, by far the largest chemicals producer in the Mideast and a leading player worldwide, is transforming. The company is reorganizing its structure by disbanding two business units and creating a specialties business unit. The aim is to sharpen Sabic’s focus and enhance the company’s performance under its 2025 business strategy....
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