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November 11, 2015
Low water levels on the Rhine River in Germany are limiting the size of cargo that chemical barges can carry and pushing freight volume into the railcar and truck market, IHS Chemical...
http://www.chemweek.com/lab/Low-Rhine-water-levels-hinder-chemical-transport-logistics_75055.html
November 9, 2015
Breen has served as interim chair and CEO of DuPont since 16 October, succeeding Ellen Kullman, who resigned abruptly in early October....
http://www.chemweek.com/lab/DuPont-names-Breen-as-chair-and-CEO_75101.html
November 2, 2015
Third-quarter results of diversified and commodity chemical producers indicate that difficult market conditions prevailed. DuPont continued to struggle with currency headwinds...
http://www.chemweek.com/lab/Challenging-quarter-for-commodities-diversifieds_74832.html
November 2, 2015
DuPont interim chair and CEO Ed Breen says the company is prepared to do a deal in agriculture as a cyclical downturn in seeds and crop protection chemicals has other ag majors, including Dow Chemical and Monsanto, looking for opportunities to consolidate....
http://www.chemweek.com/lab/DuPont-considers-ag-deal-as-majors-mull-consolidation_74847.html
November 2, 2015
BASF has reported 10% lower third-quarter Ebit before special items, €1.6 billion ($1.77 billion), on 5% lower sales, at €17.4 billion, in what the company describes as a weaker-than-expected market environment. Ebitda, however, was up 14%, to €2.87 billion, and net income advanced 19%, to €1.21 billion....
http://www.chemweek.com/lab/BASF-lowers-2015-guidance-on-weaker-market-environment_74787.html
October 29, 2015
Dow Chemical revealed on 22 October the broad outlines of its strategic priorities over the next three years, including portfolio changes that could lead to an exit from agricultural...
http://www.chemweek.com/lab/Insider-Dow-updates-targets-earnings-up-Sherwin-names-next-CEO_74777.html
October 28, 2015
US Patent and Trademark Office has awarded BioConsortia a patent for its advanced microbial selection (AMS) technology, which aims to enhance plant phenotypes and increase crop yields...
http://www.chemweek.com/lab/BioConsortia-granted-patent-for-AMS-technology_74705.html
October 23, 2015
The deal, expected to be completed by the end of 2015, is the first step in Dow’s plans to reduce ownership and monetize stakes in a series of Kuwaiti joint ventures. Dow says it will receive $1.5 billion in pre-tax proceeds from the sale of MEGlobal....
http://www.chemweek.com/lab/Equate-acquires-MEGlobal-for-$3-2-billion_74544.html
October 22, 2015
Dow Chemical revealed on 22 October the broad outlines of its strategic priorities over the next three years, including portfolio changes that could lead to an exit from agricultural sciences and full ownership of Dow Corning, and the company gave some hints about its next CEO....
http://www.chemweek.com/lab/Dow-charts-course-for-next-phase-of-transformation_74620.html
October 22, 2015
Sherwin-Williams (SW) says it has named John Morikis as its next CEO, effective 1 January 2016. Morikis replaces Christopher Connor, who has been CEO for 16 years and will remain...
http://www.chemweek.com/lab/Sherwin-Williams-names-new-CEO-buys-back-shares_74551.html
October 20, 2015
Sabic on Sunday reported a major decline in third-quarter profits, citing lower selling prices for its products. Third-quarter net profit was down 9.4%, to 5.6 billion Saudi riyals...
http://www.chemweek.com/lab/Sabic-reports-large-declines-in-profits-and-revenues_74457.html
October 16, 2015
Air Liquide has been granted a new contract with ITER-India for the design and manufacturing of 19 cryogenic lines for the ITER project, strengthening its leadership in extreme...
http://www.chemweek.com/lab/Air-Liquide-awarded-new-contract-for-ITER-project_74455.html
October 16, 2015
PPG Industries today reported third-quarter net income up 14.9% year-on-year (YOY), to $433 million, or $1.59/share, on net sales down 1.8%, to $3.87 billion. Sales rose 6% in...
http://www.chemweek.com/lab/PPG-beats-estimates-despite-currency-impact-destocking_74420.html
October 26, 2015
The US economy will take a massive hit if Congress does not extend the 31 December deadline for implementing positive train control (PTC), according to a report ACC released in...
http://www.chemweek.com/lab/ACC-Looming-PTC-deadline-threatens-economic-chaos_74269.html
October 20, 2015
Following Sabic’s recent announcement that it will restructure its portfolio as of the beginning of next year, the company has announced the leadership of the individual...
http://www.chemweek.com/lab/Sabic-names-executive-SBU-leadership-following-portfolio-shuffle_74342.html
October 16, 2015
Northwest Innovation Works (NWIW; Kalama, WA), a company owned by Chinese investors, has significantly scaled up its investment and planned methanol capacity in the US Pacific...
http://www.chemweek.com/lab/Northwest-Innovation-Works-to-invest-$7-billion-in-eight-methanol-plants-in-US_74339.html
October 14, 2015
Recent financial and restructuring announcements by producers Huntsman and Chemours show that conditions in the titanium dioxide (TiO2) market have not improved. Pricing continues to...
http://www.chemweek.com/lab/Falling-TiO2-prices-drive-down-producer-profitability_74287.html
October 12, 2015
Dow Chemical enters a pivotal phase as it nears completion of an $8.5-billion divestiture program and prepares to ramp up operations at new investments in the Mideast and United States. Dow says the moves will demonstrate the growth and earnings potential of its integrated portfolio. Sadara, a $20-billion joint venture with Aramco in Saudi Arabia; and a propane dehydrogenation (PDH) unit at Freeport, TX, start operating in the fourth quarter. Dow’s Freeport cracker and downstream Gulf Coast derivative investments are set to come online in early 2017....
http://www.chemweek.com/lab/Dow-Chemical-Transforming-an-industry-leader_74317.html
October 9, 2015
DuPont chair and CEO Ellen Kullman will retire from the company effective 16 October. Former Tyco International CEO Edward Breen, who joined DuPont’s board in February, has been named interim chairman and CEO as the company searches for a permanent replacement....
http://www.chemweek.com/lab/DuPonts-chair-CEO-to-retire-Tyco-exec-interim-replacement_74314.html
October 9, 2015
The advent of shale gas and oil in North America has hugely benefited the world economy, in terms of energy supply and costs, says Daniel Yergin, vice chairman of IHS. Speaking at the European Petrochemical Association’s (EPCA) 49th annual meeting, held recently in Berlin, Yergin said, “The energy position of the globe looks much better” than it did only a few years ago....
http://www.chemweek.com/lab/EPCA-2015-Energy-has-entered-new-era-of-shale_74285.html
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