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April 9, 2013
Ecolab has entered into a consent agreement with the US Department of Justice (DOJ) regarding Ecolab’s previously announced $2.3-billion acquisition of Champion Technologies. The agreement requires Ecolab to divest certain assets and license technology that serves customers in US Gulf of Mexico deepwater drilling to Clariant. Ecolab now expects to close the Champion acquisition by 15 April....
http://www.chemweek.com/lab/Ecolab-to-sell-deepwater-product-line-to-Clariant-to-gain-antitrust-approval-of-Champion-acquisition-updated_51008.html
April 8, 2013
EU chemical output decreased by 1.6% during January compared with the same period in 2012, according to the latest Chemicals Trends Report published by Cefic today. Consumer chemical...
http://www.chemweek.com/lab/EU-chemical-output-down-1-6-percent-in-January_50989.html
April 8, 2013
Dow Chemical chairman and CEO Andrew Liveris offered a provocative thought upon receiving the Society of Chemical Industry American section’s Chemical Industry Medal last week in New York. “I must say, I hope I am one of the last to receive it,” Liveris said. “At least, under its current name.”...
http://www.chemweek.com/lab/Unboxing-chemicals_50535.html
April 8, 2013
Apollo Management says it plans to sell 15 8 million shares, roughly a 24% stake, in amines producer Taminco as part of a planned initial public offering. The offering is being priced...
http://www.chemweek.com/lab/Taminco-seeks-to-raise-$300-million-from-IPO_50991.html
April 5, 2013
A. Schulman announced several management changes, including an agreement with current CEO Joseph Gringo that would extend his employment for up to two years in the event of a...
http://www.chemweek.com/lab/A-Schulman-announces-executive-changes-option-to-extend-CEOs-contract_50948.html
April 3, 2013
Monsanto has raised its full-year outlook to $4.42–4.52/share. The midpoint is 2.7% higher than its previous guidance of $4.30–4.40/share and 20.8% higher than 2012 fiscal-year earnings of $3.70/share, but narrowly misses the $4.57/share street consensus....
http://www.chemweek.com/lab/Monsanto-tops-estimates-raises-2013-earnings-outlook_50919.html
April 3, 2013
If the project is approved, construction would begin in the first half of 2014 with start-up by the second half of 2015....
http://www.chemweek.com/lab/Phillips-66-plans-NGL-fractionator-at-Old-Ocean-TX_50920.html
April 1, 2013
The high spirits of North American petrochemical makers were evident at the American Fuel & Petrochemical Manufacturers (AFPM) and IHS petrochemical conferences over the past two weeks....
http://www.chemweek.com/lab/Petchem-prognosis_50836.html
April 1, 2013
DuPont’s Pioneer Hi-Bred business will pay Monsanto a minimum of $1.75 billion in royalty payments through 2023 to stack Monsanto’s Roundup Ready 2 (RR2)...
http://www.chemweek.com/lab/DuPont-and-Monsanto-sign-licensing-deal-end-patent-fight_50831.html
April 1, 2013
Ineos will increasingly direct capital investment to the United States, attracted by low feedstock and energy costs, according to Jim Ratcliffe, chairman of the Switzerland-based chemical giant. The United States already contributes more than half of the company’s profits, he said, and that share will grow....
http://www.chemweek.com/lab/Ratcliffe-Ineos-shifting-capital-to-US-rationalizing-in-Europe_50852.html
April 1, 2013

Chemical makers are sharpening focus on the business of sustainability and placing it at the center of growth strategies. For many, the practice of sustainability is already generating huge benefits in efficiency and profits. Providing for the energy, water, food, housing, mobility, and hygiene needs of a growing population—all while mitigating climate change and dwindling resources—is creating large market opportunities.

Producers say their companies are uniquely positioned to help solve looming global challenges posed by population growth, climate change, and constrained natural resources. Embedding sustainability in day-to-day operations and refocusing product portfolios and innovation on solutions to meet the needs of human development are vital to top-line growth and long-term viability, they say.

...

http://www.chemweek.com/lab/Sustainability-Solving-global-challenges_50835.html
April 1, 2013
PPG Industries has completed the $1.05-billion purchase of AkzoNobel's North American architectural coatings business. The acquired business had 2012 sales of €1.19 billion ($1.57...
http://www.chemweek.com/lab/PPG-completes-$1-05-billion-purchase-of-AkzoNobel-North-American-decorative-coatings-unit_50858.html
April 1, 2013
Argentine oil-producer YPF and Dow Chemical are negotiating a joint venture to develop shale gas in Argentina....
http://www.chemweek.com/lab/Dow-YPF-agree-to-negotiate-Argentina-shale-JV_50837.html
April 1, 2013
Ferro has completed the sale of its pharmaceuticals business, Pfanstiehl Laboratories, to private equity firm Med Opportunity Partners (Greenwich, CT). Ferro will receive $16.9 million cash and an incentive payment of up to $8 million, payable over 2 years based on the business’ earnings performance....
http://www.chemweek.com/lab/Ferro-sells-pharma-business_50856.html
March 26, 2013
“I think, from an Ineos point of view, we’ll look at whether we can underpin any of our assets in Europe with cheap feedstocks in one form or another from the United States," says Jim Ratcliffe, chairman of Ineos....
http://www.chemweek.com/lab/AFPM-IPC-Ineos-shifting-resources-to-US-Ratcliffe_50731.html
March 22, 2013

IHS Chemical projects that by 2025, the volume will approach 250 million m.t., triple the volume of 2000 and nearly double that of 2010.

...

http://www.chemweek.com/lab/IHS-WPC-Global-chemical-trade-to-boom-on-advantaged-feedstocks-Witte_50660.html
March 21, 2013
As new investments come into North America, production will increase, and much of it will be directed to international markets, says Gary Adams, chief advisor at IHS Chemical....
http://www.chemweek.com/lab/IHS-WPC-State-of-the-industry-is-a-matter-of-feedstock-opportunities-Adams_50658.html
March 21, 2013
Weaker demand growth coupled with stronger rates of capacity expansion has dampened the profit outlook for ethylene, particularly for high-cost producers that use heavier feedstocks, says Mark Eramo, v.p./chemical market insights for IHS Chemical....
http://www.chemweek.com/lab/IHS-WPC-Ethylene-profit-outlook-muted-by-weaker-demand-supply-surge-Eramo_50683.html
March 21, 2013
Global GDP growth should stabilize at 2.6% in 2013, says Nariman Behravesh, IHS chief economist. Gradual improvement should push global GDP to an annualized rate of 3.5% by the end of the year. US and Asian economies are leading the way, he adds....
http://www.chemweek.com/lab/IHS-WPC-Economic-and-energy-outlooks-improving_50659.html
March 19, 2013

Shale gas development has granted the US chemical industry a renewed lease on life by driving costs down, pushing margins up, and attracting a flood of capital investment.

...

http://www.chemweek.com/lab/Petrochemicals-Shale-reopens-the-tap-on-US-production_50551.html
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