IHS Chemical Week

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March 17, 2014
CF Industries announced today that it has completed the previously announced sales of its phosphate business to Mosaic for $1.4 billion—approximately $1 billion net of taxes and...
http://www.chemweek.com/regions/north_america/CF-Industries-completes-phosphates-sale-to-Mosaic-for-$1-4-billion_59622.html
March 17, 2014
CHS (St. Paul, MN), a US farmer-owned cooperative, is acquiring selected Canadian retail assets from Agrium’s Crop Production Services subsidiary. Under the agreement, CHS will...
http://www.chemweek.com/regions/north_america/Farmer-co-op-CHS-acquires-Agrium-crop-production-assets_59620.html
March 14, 2014
Canexus (Calgary, AB) reports a loss of C$344,000 ($310,000) for the fourth quarter of 2013, down from a profit of C$14.6 million in the year-ago quarter. Sales declined 4% year-over-year (YOY) to $139.8 million. The company’s share price, which had tumbled after the resignation of president and CEO Gary Kubera on 6 March, sprang back the day after the earnings release, climbing 37 cents on 14 March to close at $5.04/share....
http://www.chemweek.com/regions/north_america/Canexus-swings-to-loss-but-stock-market-positive_59611.html
March 14, 2014
Sinopec says its wholly owned subsidiary, China International United Petroleum & Chemicals (Unipec), has signed a long-term contract to purchase propane from Phillips 66 for use as chemical feedstock. Sinopec has not released details of the contract....
http://www.chemweek.com/regions/north_america/Sinopec-signs-propane-export-deal-with-Phillips-66_59598.html
March 14, 2014
Robert Patterson PolyOne has named COO Robert Patterson as its next president and CEO, effective 15 May. Patterson succeeds Stephen Newlin, who will retire as president and CEO...
http://www.chemweek.com/regions/north_america/us/PolyOne-appoints-Patterson-as-next-CEO_59487.html
March 14, 2014
LyondellBasell Industries has declared force majeure on vinyl acetate monomer (VAM) production at the company's plant at La Porte, TX, company sources have confirmed. The...
http://www.chemweek.com/regions/north_america/LyondellBasell-declares-force-majeure-on-VAM-at-La-Porte-plant_59595.html
March 14, 2014
LG Chem (Seoul), in today’s filing to the Korea Exchange (Seoul), says that it has decided to buy NanoH2O (El Segundo, CA) for $200 million. The acquisition has been approved by...
http://www.chemweek.com/regions/north_america/LG-Chem-acquires-NanoH2O-for-$200-million_59592.html
March 14, 2014
Kronos Worldwide reports net income of $2.9 million for the fourth quarter of 2013, up from a loss of $18.1 million in the year-ago period. Earnings per share totaled 3 cents, below the analysts’ consensus estimate of 6 cents, owing to a $9 million one-time charge related to a labor settlement. Excluding the settlement, earnings were 8 cents/share....
http://www.chemweek.com/regions/north_america/Kronos-swings-to-profit_59582.html
March 14, 2014
Bills have been introduced in the US House and Senate designed to clear the backlog of US FDA approval for sunscreen ingredients and implement a streamlined process for ingredient...
http://www.chemweek.com/regions/north_america/Congress-introduces-bill-to-speed-sunscreen-ingredient-approval_59599.html
March 13, 2014
Eastman Chemical announced today that it has entered a definitive agreement to acquire Commonwealth Laminating & Coating (Martinsville, VA), a manufacturer and distributor of...
http://www.chemweek.com/regions/north_america/Eastman-acquires-Virginia-film-manufacturer_59554.html
March 13, 2014
The FDA has imposed a ban on imports from Sun Pharma’s (Mumbai) Karkhadi, Gujarat plant in India. The facility makes APIs and formulations.  The FDA has issued an import...
http://www.chemweek.com/regions/north_america/us/FDA-bans-imports-of-Sun-Pharmas-products-from-plant-in-India_59536.html
March 12, 2014
BioNitrogen Holdings (West Plam Beach, FL), a company that creates urea fertilizer from biomass, has reached an agreement to acquire land in Taylor County, FL for urea plant. The...
http://www.chemweek.com/regions/north_america/Florida-company-to-build-biomass-to-urea-fertilizer-plant_59510.html
March 12, 2014
Grizzly Discoveries (Edmonton, AB), a mineral exploration company, announced that it has entered into a memorandum of understanding with an unnamed third party for a proposed...
http://www.chemweek.com/regions/north_america/Canadian-exploration-group-signs-MOU-for-Alberta-potash-project_59509.html
March 12, 2014
Air Liquide has started operations at its nitrogen plant at Tioga, ND. The company says the plant will increase nitrogen supply to support drilling operations in the oil-rich Bakken...
http://www.chemweek.com/regions/north_america/Air-Liquide-starts-up-North-Dakota-nitrogen-plant_59507.html
March 12, 2014
KBR announced today that Agrium awarded the company two engineering, procurement and construction (EPC) contracts for a new grassroots urea plant and to increase the ammonia capacity...
http://www.chemweek.com/regions/north_america/Agrium-awards-ammonia-and-urea-plant-contracts-to-KBR_59511.html
March 12, 2014
Praxair says it has acquired two independent distributors of gas and welding supplies—United Welding Supplies (Houston) and Best Welders Supply (Tulsa, OK). The companies have...
http://www.chemweek.com/regions/north_america/Praxair-acquires-two-small-US-Gulf-Coast-distributors_59484.html
March 12, 2014
Trinseo, formerly Styron, reports net income for the 2013 fourth quarter of $10.6 million, up from a loss of $507,000 in the year-ago period. Adjusted Ebitda more than doubled, to $109 million, the result of improved styrene production margins and an additional $10 million in 2013 dividends from the Americas Styrenics joint venture....
http://www.chemweek.com/regions/north_america/TrinseoStyron-swings-to-profit_59475.html
March 12, 2014
Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, reports a net loss of $9.81 million in the fourth quarter of 2013 compared...
http://www.chemweek.com/regions/north_america/us/Codexis-narrows-loss_59490.html
March 12, 2014
Hanwha Chemical (Seoul), a producer of chlor-alkalis, polyethylene and polyvinyl chloride, as well as a major player in the solar energy, is in early stages of assessing the...
http://www.chemweek.com/regions/north_america/Hanwha-Chemical-eyeing-Dows-chlor-alkali-assets-in-North-America_59489.html
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