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October 2, 2015
Koda Distribution Group (KDG; Stamford, CT) has named Tim Dooling as president of its Koda Care vertical. Koda Care is comprised of DeWolf Chemical, Glenn Corp., and GMZ Care. Dooling...
http://www.chemweek.com/lab/Koda-Distribution-names-Koda-Care-president_74139.html
October 2, 2015
Kraton Performance Polymers (Houston), a leading producer of styrene block copolymers, has agreed to acquire pine-chemicals maker Arizona Chemical (Jacksonville, FL) from private equity firm American Securities (New York) for a cash price of $1.37 billion....
http://www.chemweek.com/lab/Kraton-acquires-Arizona-Chemical-for-$1-37-billion_73951.html
September 30, 2015
Ineos, in its 17 years of existence, has risen to become one of the world’s largest chemical companies. Sales in 2014 were $54 billion, and, together with joint ventures, the company has about 20,000 employees. Ineos was founded and is majority-owned by entrepreneur Jim Ratcliffe....
http://www.chemweek.com/lab/Ineos-Chemical-giant-begins-a-new-chapter_74001.html
September 30, 2015
Last year’s collapse in the price of crude oil has dramatically improved naphtha’s competitiveness as a feedstock for ethylene, cutting deeply into the cost advantage of...
http://www.chemweek.com/lab/Crude-oil-decline-challenges-North-Americas-shale-advantage_74002.html
September 28, 2015
Air Products plans to spin off its electronics and performance materials segment to shareholders, the latest in a series of tax-free spin-offs announced by chemical makers. The...
http://www.chemweek.com/lab/Air-Products-to-spin-off-materials-technologies_73976.html
September 28, 2015
Ashland has announced plans to spin off its Valvoline motor oil and automotive maintenance segment as a separate publicly traded company. After the spin-off, Ashland will consist of...
http://www.chemweek.com/lab/Ashland-to-divest-Valvoline_73975.html
September 28, 2015
Huntsman announced Friday that it expects several trends to negatively impact its third-quarter results. According to the company, lower titanium dioxide selling prices, particularly...
http://www.chemweek.com/lab/Huntsman-warns-of-multiple-third-quarter-headwinds_73941.html
September 25, 2015
Indorama Ventures (Bangkok) has announced plans to invest $175 million to restart an ethane cracker near Lake Charles, LA that was idled by Equistar in 2001. Indorama Ventures expects...
http://www.chemweek.com/lab/Indorama-to-purchase-and-restart-dormant-cracker-at-Lake-Charles-LA_73876.html
September 23, 2015
News roundup Sept. 22 Air Products to spin off materials technologies Air Products plans to spin off its electronics and performance materials segment to shareholders via a tax-free...
http://www.chemweek.com/lab/Air-Products-to-spin-off-materials-technologies-Covestro-IPO-to-raise-&euro2-5-billion_73857.html
September 21, 2015
Kemira at today’s capital markets day (CMD) at its R&D center at Espoo, Finland, will confirm its mid-term financial targets. The company's updated vision, "The first...
http://www.chemweek.com/lab/Kemira-confirms-financial-targets-at-capital-markets-day_73731.html
September 17, 2015
Air Products plans to spin off its electronics and performance materials segment to shareholders via a tax-free spin-off. The business, which accounts for roughly 20% of Air Products revenue, had 2014 sales of $2.1 billion and adjusted Ebitda of $521 million....
http://www.chemweek.com/lab/Air-Products-to-spin-off-materials-technologies_73730.html
September 14, 2015
Bayer intends to proceed with an initial public offering of Covestro (Leverkusen), a leading polymers company formerly known as Bayer MaterialScience....
http://www.chemweek.com/lab/Bayer-to-list-Covestro-in-Frankfurt-in-fourth-quarter_73548.html
September 14, 2015
Formosa Petrochemical (Taipei) is studying the feasibility of a $9.4-billion ethylene project in St. James Parish, LA, consisting of two ethane crackers and multiple derivative plants...
http://www.chemweek.com/lab/Formosa-planning-$9-4-billion-ethylene-project-in-Louisiana_73583.html
September 15, 2015
Lanxess is in negotiations to spin its synthetic rubber business into a possible joint venture with Ineos, according to a Reuters report, citing people familiar with the matter...
http://www.chemweek.com/lab/Report-Lanxess-discussing-synthetic-rubber-JV-with-Ineos-update-adds-IHS-Chemical-comment_73534.html
September 15, 2015
The Texas Commission on Environmental Quality (TCEQ) has announced a preliminary decision to issue air quality permits to a 1.3-million m.t./year methanol plant that Celanese has proposed to build at its Bishop, TX, facility....
http://www.chemweek.com/lab/TCEQ-gives-preliminary-approval-to-Celaneses-Bishop-methanol-project_73491.html
September 3, 2015
Formosa Petrochemical (Taipei) says it is evaluating a $9.4-billion petrochemical complex in St. James Parish, Louisiana that would include two new crackers. A final investment...
http://www.chemweek.com/lab/Formosa-eyes-two-more-crackers-as-part-of-$9-4-billion-Louisiana-project_73430.html
September 1, 2015
Chemours has set a fourth-quarter dividend of 3 cts/share, roughly 95% below the 55-ct/share third-quarter dividend assigned by DuPont. This is the first dividend declared by Chemours...
http://www.chemweek.com/lab/Chemours-cuts-dividend-by-95-percent_73376.html
August 31, 2015
Monsanto dropped plans to acquire Syngenta after its latest offer was rejected. A deal would have combined the world’s largest seeds company, Monsanto, with the world’s...
http://www.chemweek.com/lab/Monsanto-drops-Syngenta-bid-agchems-reshuffle-possible_73284.html
August 31, 2015
The permanent lifting of sanctions against Iran could boost Iran's methanol capacity by 10 million m.t./year by 2025, according to a new report by IHS Chemical. Iran currently produces...
http://www.chemweek.com/lab/IHS-Chemical-Irans-methanol-capacity-could-soar-if-sanctions-are-lifted_73308.html
August 20, 2015
Chemours will close its Edgemoor, DE, titanium dioxide (TiO2) plant by the end of September. The company also plans to shut a TiO2 line at its New Johnsonville, TN, site. The closures will eliminate roughly 150,000 m.t./year of TiO2 capacity as the company nears completing a 200,000-m.t./year unit at Altamira, Mexico....
http://www.chemweek.com/lab/Chemours-to-close-Edgemoor-DE-titanium-dioxide-plant_73099.html
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