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January 12, 2015
Benzene contracts for January have been settled in the United States at $2.20/gal ($658/m.t.), a steep, 35% decline from $3.37/gal in December 2014 and the lowest value in more than...
http://www.chemweek.com/lab/Benzene-contracts-settle-in-US-at-five-year-low_66671.html
January 13, 2015
Hedge fund Trian Fund Management (New York) on Friday continued its campaign against DuPont management by nominating four directors to the company’s board. The four are Trian CEO...
http://www.chemweek.com/lab/Trian-nominates-four-DuPont-directors-sharpens-call-for-break-up_66718.html
December 19, 2014
Dow Corning is shuttering its never-operated Hemlock Semiconductor polysilicon facility in Clarksville, TN, saying the plant would not be economically viable. The $1-billion-plus project was completed last year but has never produced product because of oversupply in polysilicon markets and the impact of tariffs on polysilicon imported into China....
http://www.chemweek.com/lab/Dow-Corning-to-abandon-Tennessee-polysilicon-assets_66300.html
December 19, 2014
DuPont today filed with the US Securities and Exchange Commission (SEC; Washington) to launch a spinoff of its mostly-commodity performance chemicals business, over a year after the...
http://www.chemweek.com/lab/DuPont-files-for-performance-chemicals-spinoff_66339.html
December 18, 2014
LyondellBasell has appointed executive v.p. Bhavesh Patel as its next CEO, effective 12 January 2015. Patel succeeds James Gallogly, who announced plans to retire in September....
http://www.chemweek.com/lab/LyondellBasell-names-Patel-as-next-CEO_66293.html
December 17, 2014
Dow Corning will abandon its never-operated Hemlock Semiconductor polysilicon facility in Clarksville, TN. The $1 billion-plus project was completed last year but never produced product because of oversupply in polysilicon markets and the impact of tariffs on polycrystalline silicon imported into China....
http://www.chemweek.com/lab/Dow-Corning-to-abandon-Hemlocks-Tennessee-polysilicon-assets_66278.html
December 17, 2014
MEGlobal (Dubai) has launched a front-end engineering design (FEED) study for construction of a world-scale ethylene glycol (EG) plant on the US Gulf coast. The plant is expected to onstream in 2018....
http://www.chemweek.com/lab/MEGlobal-studies-world-scale-ethylene-glycol-project-in-US_66241.html
December 12, 2014
Building materials manufacturer Saint-Gobain (Courbevoie, France) says that it plans to acquire all of the shares in Sika (Baar, Switzerland) held by the Burkard family—the...
http://www.chemweek.com/lab/Saint-Gobain-bids-to-buy-Sika-Sika-management-against-deal_66122.html
December 12, 2014
US chemical output is set to accelerate sharply through the end of the decade, exceeding the growth of the overall US and global economies, aided by a strong cost advantage and...
http://www.chemweek.com/lab/US-Europe-chemical-outlooks-diverge-widely-for-2015_66121.html
December 11, 2014
US chemical output is set accelerate sharply through the end of the decade, exceeding the growth of the overall US economy, according to ACC’s Year End 2014 Chemical Industry Situation and Outlook, published today....
http://www.chemweek.com/lab/US-chemical-output-growth-to-hit-3-7-percent-in-2015-ACC-says_66082.html
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