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March 19, 2013
Saudi Aramco (Dhahran, Saudi Arabia), already an upstream oil and gas powerhouse and a major oil refiner in Saudi Arabia and around the globe, is on a mission to extend its leadership...
http://www.chemweek.com/lab/Aramco-A-chemicals-giant-in-waiting_50494.html
March 14, 2013
LyondellBasell Industries said today that it will add 800 million lbs/year of ethylene capacity at its Corpus Christi, TX, site by late 2015. Company officials also announced plans to add as much as 1.2 billion lbs/year of polyethylene (PE) in the United States by 2016 at an analyst meeting in New York today....
http://www.chemweek.com/lab/LyondellBasell-details-ethylene-boost-at-Corpus-Christi-plans-PE-unit_50474.html
March 12, 2013
Chemical sector M&A activity slipped in 2012 as economic uncertainty and a scarcity of available quality assets dragged down volumes despite favorable market conditions. Strong...
http://www.chemweek.com/lab/M-and-A-The-markets-missing-pieces_50369.html
March 11, 2013
Ferro’s stumble through the past few years appears likely to drive it into the hands of A. Schulman, a Cleveland-area rival. Schulman announced a hostile $6.50/share bid last week, valuing Ferro at $885 million (p. 6)....
http://www.chemweek.com/lab/A-Schulman-bids-for-Ferro_50351.html
March 11, 2013
A. Schulman has announced a hostile bid to acquire struggling Ferro for $6.50/share. The offer price represents a 25% premium to Ferro’s closing price on 1 March—the last...
http://www.chemweek.com/lab/Schulman-offers-to-acquire-Ferro-for-$855-million_50223.html
March 8, 2013
AkzoNobel has inaugurated a €90-million ($116.9 million) chemicals plant at Jupiá, Brazil, supplying the Eldorado Brasil cellulose pulp mill, which is the biggest in the...
http://www.chemweek.com/lab/AkzoNobel-inaugurates-chemical-complex-in-Brazil-supplying-the-worlds-biggest-pulp-mill_50316.html
March 6, 2013
Stronger demand for transportation fuels in emerging economies continues to boost prospects for refinery catalyst makers, although concerns about the strength of global economic recovery has injected uncertainty into 2013 forecasts. As suppliers invest to build capacity to serve high-growth markets in Asia, the Mideast, and South America, opportunities to provide innovative products to address heavier crudes in North America have arisen....
http://www.chemweek.com/lab/Refinery-catalysts-Strong-fundamentals-trump-uncertainty_50176.html
March 4, 2013
The International Court of Arbitration of the International Chamber of Commerce (ICC) today released the final award amount, representing interest and costs, in the arbitration case...
http://www.chemweek.com/lab/Kuwait-ordered-to-pay-Dow-close-to-$2-5-billion-in-K-Dow-arbitration-case_50222.html
March 1, 2013
Clariant reported an increase in fourth-quarter profits and pledged to improve its margins further, to become one of the most profitable specialty chemical companies....
http://www.chemweek.com/lab/Reshaped-Clariant-raises-profit-hires-Greenhill-to-sell-assets_50120.html
March 1, 2013
Construction is to begin in the fourth quarter of 2013, with start-up expected in mid-2016....
http://www.chemweek.com/lab/ZEEP-Todd-to-build-$1-3-billion-methanol-plant-in-Louisiana_50146.html
March 1, 2013
Ascend Performance Materials (Houston) is proceeding with plans to build a $1.2-billion propane dehydrogenation (PDH) facility at its Chocolate Bayou complex at Alvin, TX. The PDH unit...
http://www.chemweek.com/lab/Ascend-plans-$1-2-billion-PDH-plant-at-Chocolate-Bayou_50166.html
March 1, 2013
Hanwha Chemical (Seoul) plans to build an ethylene plant in the United States in collaboration with a local shale gas company, Korean reports said today, citing an unnamed source...
http://www.chemweek.com/lab/Hanwha-Chemical-plans-ethylene-plant-in-the-United-States-based-on-shale-gas_49896.html
March 1, 2013
Net income for the fourth quarter 2012 totaled $95.3 million, or $1.42 per diluted share, compared to net income of $26.4 million, or $0.40 per diluted share, in the year-ago period....
http://www.chemweek.com/lab/Westlake-earnings-soar-on-shale-advantage_49940.html
February 25, 2013
Bayer CropScience says it announced new Latin American partners in its Food Chain Partnership program, which includes 240 projects in 30 countries and 40 crops, offering its...
http://www.chemweek.com/lab/Bayer-CropScience-announces-new-food-chain-partners_49903.html
February 22, 2013
The owners of Evonik Industries, RAG Foundation (Essen, Germany) and CVC Capital Partners, have revived plans to float Evonik Industries, the companies announced today. “Evonik...
http://www.chemweek.com/lab/RAG-and-CVC-Partners-revive-plans-for-Evoniks-IPO-place-shares-with-investors_50013.html
February 22, 2013
Drug companies looking for speedy turnaround and strong intellectual property (IP) protection for active pharmaceutical ingredient (API) production are moving away from low-cost...
http://www.chemweek.com/lab/Informex-2013-Bright-outlook-for-US-API-manufacturing_50011.html
February 21, 2013
Industry groups on both sides of the Atlantic welcomed President Obama’s call for a US and EU trade agreement in his State of the Union address on 12 February. Industry groups released statements supporting the talks and called on EU and US officials to use the opportunity to enhance regulatory cooperation....
http://www.chemweek.com/lab/Industry-welcomes-Obamas-support-for-US-EU-trade-talks_49883.html
February 20, 2013
AkzoNobel has accelerated its previously announced restructuring program, and announced a new set of financial targets to be achieved by the end of 2015. The company also announced a...
http://www.chemweek.com/lab/AkzoNobel-accelerates-restructuring-and-announces-new-targets-launches-customer-focused-strategy_49968.html
February 15, 2013
Rockwood Holdings has agreed to acquire Kemira's 39% stake in the companies' Sachtleben (Duisburg, Germany) titanium dioxide (TiO2) joint venture for €97.5 million ($130 million)...
http://www.chemweek.com/lab/Rockwood-buys-Kemira-out-of-Sachtleben_49820.html
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