IHS Chemical Week

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December 22, 2014

Sasol has completed a $4.00-billion credit facility for its $8.90-billion ethane cracker and derivatives project at Lake Charles, LA.

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http://www.chemweek.com/regions/north_america/Sasol-closes-$4-billion-credit-facility-for-Lake-Charles-ethylene-project_66400.html
December 22, 2014

In a 13-2 vote, the legislature of the US Virgin Islands has rejected an operating agreement proposed by Atlantic Basin Refining as part a deal to acquire the 355,000-bbl/day Hovensa refinery at Saint Croix, VI, from its current owners, PDVSA (Caracas) and Hess (New York).

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http://www.chemweek.com/regions/north_america/us/US-Virgin-Islands-rejects-terms-of-Hovensa-sale_66399.html
December 22, 2014
Momentive Performance Materials said on Friday that John (“Jack”) Boss has been named CEO and president of the company and its indirect parent, MPM Holdings, and that...
http://www.chemweek.com/regions/north_america/Momentive-Performance-Materials-confirms-CEO-and-chairman-appointments_66380.html
December 22, 2014
DuPont says it will consolidate its corporate headquarters at its Chestnut Run Plaza complex in suburban Wilmington, DE, effective 1 July 2015. DuPont says that Chemours, the name for...
http://www.chemweek.com/regions/north_america/us/DuPont-to-move-headquarters-to-Chestnut-Run_66396.html
December 22, 2014
ACC's monthly US Chemical Production Regional Index (CPRI) shows a 0.7% increase in November, following a 0.6% gain in October. The US CPRI is measured on a three-month moving average...
http://www.chemweek.com/regions/north_america/ACC-US-chemical-production-gains-over-November_66397.html
December 22, 2014
Agricultural company S&W Seed (Five Points, CA) says that it will acquire all of DuPont Pioneer’s alfalfa production and research facility assets, as well as all conventional...
http://www.chemweek.com/regions/north_america/us/S-and-W-Seed-to-acquire-DuPont-alfalfa-research-and-production-assets_66384.html
December 21, 2014
Indorama Ventures (Bangkok) said in Friday that it has formed two joint venture companies in Mexico with Mario Martinez Barone, a Mexican businessman. Indorama Ventures holds a 51%...
http://www.chemweek.com/regions/north_america/Indorama-Ventures-forms-two-jvs-in-Mexico_66381.html
December 21, 2014
Ferro Corp. said on Friday that it has completed the sale of the majority of the assets of its polymer additives business to Polymer Additives, Inc., a wholly owned portfolio company...
http://www.chemweek.com/regions/north_america/Ferro-completes-sale-of-polymer-additives-business_66379.html
December 19, 2014
PPG Industries says it has entered into exclusive negotiations to acquire Revocoat (Saint-Just-en-Chaussée, France), a maker of sealants, adhesives, and dampers for the...
http://www.chemweek.com/regions/north_america/PPG-to-acquire-automotive-materials-supplier_66369.html
December 19, 2014
DuPont today filed with the US Securities and Exchange Commission (SEC; Washington) to launch a spinoff of its mostly-commodity performance chemicals business, over a year after the...
http://www.chemweek.com/regions/north_america/DuPont-files-for-performance-chemicals-spinoff_66339.html
December 19, 2014
Shareholders of GlaxoSmithKline (GSK) on Thursday approved by an overwhelming majoring a planned deal with Novartis, which sets the two pharma groups to trade more than $20.0 billion...
http://www.chemweek.com/regions/north_america/GSK-shareholders-approve-$20-billion-asset-deal-with-Novartis_66362.html
December 19, 2014
Bayer HealthCare and Cardinal Health (Dublin, OH) have signed a 15-year agreement for the contract manufacturing of Bayer’s Xofigo (radium Ra 223 dichloride) drug. As part of the...
http://www.chemweek.com/regions/north_america/Bayer-to-outsource-production-of-major-drug-to-Cardinal-Health_66360.html
December 19, 2014
G2X Energy (Houston) and Methanol Holdings (Trinidad) Ltd. (MHTL) announced on Thursday that MHTL intends to partner with G2X Energy to construct a previously announced, world-scale...
http://www.chemweek.com/regions/north_america/Methanol-Holdings-Trinidad-to-become-partner-in-Louisiana-project_66358.html
December 18, 2014
Petróleos Mexicanos (Pemex) is appealing a decision by a New York court that requires the company to set aside $593 million for a potential payout to Conproca, a consortium...
http://www.chemweek.com/regions/north_america/Pemex-appeals-US-court-decision-requiring-$593-million-be-set-aside-for-payout-to-consortium-in-lawsuit_66294.html
December 18, 2014
BioNitrogen Holdings Corp. (West Palm Beach, FL), a cleantech company with technology that converts biomass into urea fertilizer, says it has signed an agreement with Saipem for the...
http://www.chemweek.com/regions/north_america/BioNitrogen-partners-with-Saipem-for-biomass-to-urea-EPC-services_66322.html
December 18, 2014
LyondellBasell has appointed executive v.p. Bhavesh Patel as its next CEO, effective 12 January 2015. Patel succeeds James Gallogly, who announced plans to retire in September....
http://www.chemweek.com/regions/north_america/us/LyondellBasell-names-Patel-as-next-CEO_66293.html
December 18, 2014
Uralkali (Berezniki, Russia), one of the largest potash producers, today announced its third-quarter results with revenues up 5% on the year-earlier quarter at $896 million. Production...
http://www.chemweek.com/regions/north_america/Uralkali-reports-strong-results-expects-record-potash-deliveries-this-year_66292.html
December 18, 2014
Eastman Chemical says that it will increase Texanol ester alcohol manufacturing capacity at its Longview, TX site. The plant expansion is expected to be complete in the second half of...
http://www.chemweek.com/regions/north_america/us/Eastman-to-expand-ester-alcohol-capacity-in-Texas_66280.html
December 17, 2014
Dow Corning will abandon its never-operated Hemlock Semiconductor polysilicon facility in Clarksville, TN. The $1 billion-plus project was completed last year but never produced product because of oversupply in polysilicon markets and the impact of tariffs on polycrystalline silicon imported into China....
http://www.chemweek.com/regions/north_america/us/Dow-Corning-to-abandon-Hemlocks-Tennessee-polysilicon-assets_66278.html
December 17, 2014

The State of New York intends to ban hydraulic fracturing, or fracking, citing public health risks.

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http://www.chemweek.com/regions/north_america/New-York-State-to-ban-hydraulic-fracking_66249.html
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