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April 4, 2013
Neste Oil (Espoo, Finland) has started using tall-oil pitch as a feedstock for refining into automotive-grade biofuel, the company announced today. It had not been possible until now...
http://www.chemweek.com/people_and_business/companies/Neste-uses-tall-oil-pitch-to-manufacture-biofuel_50944.html
April 4, 2013
Abengoa (Seville, Spain) has started production at a waste-to-bioethanol pilot plant at Salamanca, Spain, the company announced. The plant has the capacity to process 25,000 m.t./year...
http://www.chemweek.com/people_and_business/companies/Abengoa-starts-production-at-pilot-waste-to-biofuel-plant-in-Spain_50942.html
April 4, 2013
Nexeo Solutions (The Woodlands, TX) is expanding its distribution agreement for personal care chemicals with Dow Chemical in the United States, Nexeo announced today. "We are...
http://www.chemweek.com/people_and_business/companies/Nexeo-and-Dow-expand-US-personal-care-distribution-agreement_50940.html
April 4, 2013
LyondellBasell Industries has licensed its Lupotech T and Lupotech A process technologies to Jiangsu Sailboat Petrochemical (JSPC; Lianyungang, China) for a low-density...
http://www.chemweek.com/people_and_business/companies/LyondellBasell-licenses-technology-for-LDPE-plant-in-China_50939.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/people_and_business/companies/Monsanto-tops-estimates-raises-2013-earnings-outlook_50919.html
April 3, 2013
FMC has acquired pectin intellectual property, including product and formulation knowledge and customer data, from Vigido, a subsidiary of Unipektin Ingredients (Eschenz, Switzerland)...
http://www.chemweek.com/people_and_business/companies/FMC-acquires-pectin-intellectual-property_50925.html
April 3, 2013
Cytec has closed the $1.15-billion sale of its coating resins business to private equity Advent International (New York). The deal, which was announced in October, completed a...
http://www.chemweek.com/people_and_business/companies/Cytec-closes-coating-resins-sale_50923.html
April 3, 2013
The closing of its wallcovering business, coating fabric manufacturing rationalization, and other charges drove Omnova Solutions’ earnings to a $200,000 loss in the quarter ended...
http://www.chemweek.com/people_and_business/companies/Omnova-Solutions-reports-loss-on-lower-volumes_50921.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/people_and_business/companies/Phillips-66-plans-NGL-fractionator-at-Old-Ocean-TX_50920.html
April 3, 2013
Sasol Olefins & Surfactants (Sasol O&S; Hamburg), a subsidiary of Sasol, has sold its entire share of Sasol Gulf (Dubai) to Anichem (Dubai), Sasol announced today. The...
http://www.chemweek.com/people_and_business/companies/Sasol-Olefins-and-Surfactants-sells-Dubai-unit-to-Anichem_50917.html
April 3, 2013
Arkema has acquired a majority stake in AEC Polymers (Bordeaux, France), a manufacturer of structural adhesives, Arkema announced today. The acquisition is in line with Arkema’s...
http://www.chemweek.com/people_and_business/companies/Arkema-buys-majority-in-French-structural-adhesives-manufacturer_50916.html
April 2, 2013
The Wind Explorer traveled 3,000 miles in Australia. Evonik Industries in North America is traveling around the United States to display its Wind Explorer 200-lb lightweight electric...
http://www.chemweek.com/people_and_business/companies/Evonik-demonstrates-lightweight-electric-and-wind-powered-vehicle_50906.html
April 2, 2013
Applying the change retrospectively, Celanese earnings per share from continuing operations for 2012 decreased from $3.81 to $2.35....
http://www.chemweek.com/people_and_business/companies/Celanese-adopts-mark-to-market-pension-accounting_50892.html
April 2, 2013
Sadara Chemical has closed its issuance Islamic bonds, or Sukuk, worth 7.5 billion Saudi riyals. The issuance was oversubscribed, leading to an increase from the initial expected...
http://www.chemweek.com/people_and_business/companies/Sadara-closes-Islamic-bond-issue_50890.html
April 2, 2013
International Flavors & Fragrances is issuing $300 million in 10-year senior bonds with an interest rate of 3.2%, the company says. The public offering of the bonds will close...
http://www.chemweek.com/people_and_business/companies/IFF-issuing-bonds-at-3-2-percent_50889.html
April 2, 2013
Titan Kimia Nusantara (Jakarta), a subsidiary of Lotte (Seoul), plans to build a naphtha cracker complex near the company’s industrial plant at Merak, Indonesia, with capacity...
http://www.chemweek.com/people_and_business/companies/Report-Lotte-subsidiary-to-build-naphtha-cracker-in-Indonesia_50884.html
April 1, 2013
Momentive Performance Materials (MPM; Waterford, NY) and Momentive Specialty Chemicals (Columbus, OH) both announced fourth quarter results—reporting drops in sales and net losses on lower volumes and other factors. Both companies are owned by private equity firm Apollo Management....
http://www.chemweek.com/people_and_business/companies/Momentive-reports-net-losses-sales-decreases_50857.html
April 1, 2013
Nippon Sheet Glass (NSG; Tokyo) has sold its 6.25% stake in FMC Wyoming, which contains most of FMC's soda ash and alkali operations, back to FMC for $80 million, NSG says. NSG...
http://www.chemweek.com/people_and_business/companies/Nippon-Sheet-Glass-sells-soda-ash-stake-back-to-FMC_50828.html
March 28, 2013
Despite the industry’s cyclicality and environmental risks, North American chemical companies tend to offer weak covenants on high-yield bonds, according to a new report from...
http://www.chemweek.com/people_and_business/companies/Moodys-Chemical-companies-offer-bond-investors-little-protection_50817.html
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