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May 30, 2014
Sabic and SK Global Chemical have signed a 50-50 joint venture agreement to invest $595 million in the manufacture of high-performance polyethylene (PE) using SK’s metallocene-based Nexlene solution process technology. The agreement was signed by Sabic’s CEO, Mohamed Al Mady; and Ja-Young Koo, SK Innovation’s vice chairman and CEO....
http://www.chemweek.com/lab/Sabic-and-SK-Global-Chemical-form-PE-manufacturing-JV-will-build-plants-in-Saudi-Arabia-and-elsewhere_61406.html
May 30, 2014
Westlake Chemical says it has signed a definitive agreement to acquire Vinnolit Holdings (Ismaning, Germany) and its subsidiary companies from Advent International, a private equity firm....
http://www.chemweek.com/lab/Westlake-Chemical-to-buy-PVC-producer-Vinnolit_61421.html
May 30, 2014
Flint Hills Resources, a subsidiary of Koch Industries, has reached a deal to acquire propylene maker PetroLogistics for $2.1 billion....
http://www.chemweek.com/lab/Flint-Hills-Resources-to-acquire-PetroLogistics-for-$2-1-billion_61407.html
May 28, 2014
Flint Hills Resources, a subsidiary of Koch Industries, has reached a deal to acquire propylene maker PetroLogistics for $2.1 billion....
http://www.chemweek.com/lab/Flint-Hills-Resources-to-acquire-PetroLogistics-for-$2-1-billion_61356.html
May 23, 2014
The total value of M&A transactions in chemicals during the first quarter of 2014 stood at $8 billion, with 17 deals completed, according to data provided by investment bank Young & Partners (Y&P; New York)....
http://www.chemweek.com/lab/Chemicals-M-and-A-market-steady-in-first-quarter_61272.html
May 23, 2014
DuPont CFO Nicholas Fanandakis said during an investor conference on 21 May that the company would consider a Reverse Morris Trust (RMT) transaction or outright sale of its performance chemicals business....
http://www.chemweek.com/lab/DuPont-considering-alternatives-to-spin-off_61275.html
May 23, 2014
BASF officials outlined the company’s plans for its chemicals segment at the company’s investor day at London on 22 April....
http://www.chemweek.com/lab/BASF-outlines-chemicals-segment-strategy-at-investor-day_61277.html
May 22, 2014
Platform Specialty Products, the parent company of surface coatings maker MacDermid, has completed a $300.2-million private placement of common stock. The company issued 15.8 million...
http://www.chemweek.com/lab/Platform-Specialty-completes-private-placement-of-stock_61213.html
May 22, 2014
The change in the global energy landscape will profoundly affect Asia’s petrochemical industry, according to Peter Sykes, president Asia/Pacific at Dow Chemical. In his keynote...
http://www.chemweek.com/lab/Asian-players-should-adapt-to-new-energy-realities-says-Dow-exec_61103.html
May 22, 2014
The first day of this year’s Asia Petrochemical Industry Conference (APIC), currently under way at Pattaya, Thailand, was devoted to market studies, forecasts of the global...
http://www.chemweek.com/lab/APIC-2014-The-changing-face-of-the-petrochemical-industry_61076.html
May 22, 2014
PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest chemicals player, is studying plans for a possible cracker and derivatives project in the United States and is advancing...
http://www.chemweek.com/lab/Exclusive-PTTGC-mulls-cracker-in-US-advances-in-Indonesia-pulls-out-of-Malaysian-JV_61058.html
May 22, 2014
The main day of this year’s Asia Petrochemical Industry Conference (APIC), now taking place at Pattaya, Thailand, dealt with changes the industry currently faces and their impact...
http://www.chemweek.com/lab/APIC-2014-Transformation-a-map-redrawn_61098.html
May 9, 2014
Specialty earnings were mixed, since most companies report rising revenues, but one-time charges and bad winter weather took a bite out of earnings. Ecolab and FMC have matched...
http://www.chemweek.com/lab/Specialty-earnings-mixed-despite-sales-increases_60931.html
May 9, 2014
North American commodity producers have posted first-quarter results that reflect the continued benefit of shale-advantaged feedstocks, somewhat muted by the harsh winter. “In...
http://www.chemweek.com/lab/Commodity-earnings-buoyed-by-shale-advantaged-feeds_60933.html
May 9, 2014
Bayer announced on 6 May that it has agreed to acquire the consumer-care business of pharmaceutical company Merck & Co. (Whitehouse Station, NJ), for $14.2 billion in cash....
http://www.chemweek.com/lab/Bayer-to-acquire-Merck-and-Co-s-consumer-care-business-for-$14-2-billion_60935.html
May 9, 2014
Lanxess has launched a process to realign itself following a major downturn in some of the markets it serves....
http://www.chemweek.com/lab/Lanxess-begins-realigment-under-new-CEO-raises-capital_60929.html
May 2, 2014
Activist hedge fund Third Point, led by Daniel Loeb, has called on Dow Chemical to provide greater detail on its petrochemical operations, arguing that the segment is “underearning” by at least $2.5 billion/year. Third Point says in a 1 May letter to investors that the earnings gap is the result of the “result of a strategy focused more on selling downstream products than on maximizing profits.”...
http://www.chemweek.com/lab/Hedge-fund-Third-Point-sharpens-criticism-of-Dows-petchem-strategy_60770.html
May 1, 2014
Williams is considering the construction of a second ethane cracker at its Geismar, LA, facility. The company currently envisions a greenfield project in which joint-venture partners would build associated derivative capacity....
http://www.chemweek.com/lab/Williams-looks-at-joint-venture-ethane-cracker-for-Geismar_60747.html
May 1, 2014
Nova Chemicals CEO Randy Woelfel has left the company after failing to reach agreement on a contract extension, a company official says....
http://www.chemweek.com/lab/Nova-Chemicals-CEO-exits-after-failing-to-reach-agreement-on-contract_60746.html
May 1, 2014
New technologies; an integrated approach to crop management; and harmonized, science-based regulatory regimes are necessary to help the agricultural industry meet the daunting task of feeding the world’s fast-growing and increasingly middle-class population, according to James Blome, president and CEO of BayerCropscience....
http://www.chemweek.com/lab/Emerging-issues-in-agriculture-can-be-met-with-innovation_60586.html
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