IHS Chemical Week

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October 2, 2014
EPA has granted a Greenhouse Gas Prevention of Significant Deterioration (GHG PSD) permit to OCI’s planned world-scale methanol plant at Beaumont, TX. At 1.75 million m.t./year, OCI’s plant will be the largest in the US when it begins production in late 2016, but it will hold the title for only one year if Southern Louisiana Methanol successfully commissions its 1.86 million  m.t./year plant in Convent, LA, in 2017....
http://www.chemweek.com/regions/north_america/EPA-grants-GHG-PSD-permit-to-OCIs-Beaumont-TX-methanol-project_64239.html
October 2, 2014
Bayer, which has just closed the acquisition of Merck & Co.’s OTC business, today announced that it is issuing a jumbo bond in 144A/Reg S format with a volume of $7 billion...
http://www.chemweek.com/regions/north_america/Bayer-launches-$7-billion-bond-to-finance-Merck-and-Co-OTC-acquisition_64223.html
October 2, 2014
Cytec Industries has announced the mechanical completion of the previously announced Welland, ON, phosphine manufacturing plant. This facility will double Cytec’s phosphine and...
http://www.chemweek.com/regions/north_america/canada/Cytec-completes-phosphine-capacity-expansion_64222.html
October 1, 2014
Agrium today said it expects third-quarter earnings to total 45-55 cts/share, roughly flat compared with the year-ago quarter. The company also said that fourth-quarter earnings should...
http://www.chemweek.com/regions/north_america/Agrium-expects-flat-third-quarter-earnings_64219.html
October 1, 2014
Platform says it $1-billion purchase of Chemtura AgroSolutions is 'on schedule to close next month.'...
http://www.chemweek.com/regions/north_america/us/Platform-closes-purchase-of-Agriphar_64203.html
October 1, 2014
Bayer today completed acquiring the consumer-care business of Merck & Co.(Whitehouse Station, NJ). The transaction closed following the receipt of required antitrust approvals...
http://www.chemweek.com/regions/north_america/Bayer-closes-$14-2-billion-acquisition-of-Merck-and-Co-s-consumer-care-business_64217.html
October 1, 2014

Oxea (Dallas) has lifted force majeure on oxo intermediates produced at its Bay City, TX, facility. “The plant repairs have been completed successfully, and the facility is running at full rates,” the company says. “All sales controls that were in place have now been lifted.”

...

http://www.chemweek.com/regions/north_america/Oxea-lifts-force-majeure-on-Bay-City-oxo-intermediates_64202.html
October 1, 2014
As a manufacturing sector, plastics has outpaced its counterparts in terms of economic growth since the 1980s. The industry looks poised to continue this trend too, as a panel of economic and plastics experts testified this morning at the Global Plastics Summit (GPS) in Chicago, hosted jointly by IHS and SPI....
http://www.chemweek.com/regions/north_america/us/At-GPS-a-positive-outlook-for-plastics-but-risks-remain_64218.html
October 1, 2014
Enzymes maker Dyadic International (Jupiter, FL) today announced that it has received a $500,000 licensing payment from Abengoa Bioenergy for commercial-scale production of Abengoa's...
http://www.chemweek.com/regions/north_america/Abengoa-licenses-Dyadic-technology_64206.html
October 1, 2014
Innospec has agreed to acquire Independence Oilfield Chemicals (IOC; Houston), a portfolio company of private equity firm CSL Capital Management (Greenwich, CT), for an initial $100...
http://www.chemweek.com/regions/north_america/Innospec-to-acquire-US-oilfield-chemicals-firm_64204.html
October 1, 2014
Enterprise Products Partners (Houston) has acquired the general partner and limited partner interests in Oiltanking Partners LP for $4.41 billion. Enterprise has also proposed merging Oiltanking Partners with Enterprise in a further exchange of equity that would bring the deal’s total value to about $6 billion, two thirds in equity....
http://www.chemweek.com/regions/north_america/Enterprise-to-acquire-Oiltanking-Partners-for-$6-billion_64200.html
October 1, 2014
Huntsman today closed its $1.28-billion acquisition of Rockwood's titanium dioxide business, as well as four other businesses. The other businesses include color pigments, timber...
http://www.chemweek.com/regions/north_america/Huntsman-closes-Rockwood-titanium-dioxide-acquisition_64180.html
October 1, 2014
Ineos Technologies announced today that it has entered into license agreements for its Innovene S and Innovene G polyethylene (PE) technologies to be used by the proposed Appalachian...
http://www.chemweek.com/regions/north_america/Ineos-to-license-polyethylene-technology-to-Ascent_64194.html
October 1, 2014
BASF and Smart Planet Technologies (Newport Beach, CA) are currently discussing a possible strategic partnership concerning Smart Planet Technologies’ mineralized coating...
http://www.chemweek.com/regions/north_america/us/BASF-to-partner-with-packaging-technology-company-Smart-Planet-Technologies_64185.html
October 1, 2014
Johnson & Johnson, the biggest maker of consumer health products, has announced a definitive agreement to acquire Alios BioPharma (South San Francisco, CA), a privately held...
http://www.chemweek.com/regions/north_america/Johnson-and-Johnson-to-acquire-Alios-BioPharma-for-$1-75-billion_64182.html
September 30, 2014
Coatings and composites maker Reichhold Industries (Durham, NC) today filed for Chapter 11 bankruptcy protection in US Bankruptcy Court in the District of Delaware. As part of the...
http://www.chemweek.com/regions/north_america/Reichhold-files-for-bankruptcy-may-sell-US-business-to-bondholders_64178.html
September 30, 2014
Dow Chemical has lost its bid to appeal the $1.06 billion award imposed in a class-action lawsuit over price fixing in the polyurethanes market....
http://www.chemweek.com/regions/north_america/Court-affirms-$1-06-billion-judgment-against-Dow-in-polyurethanes-class-action_64170.html
September 30, 2014
Cabot and Westmoreland Coal (Englewood, CO) say they are doubling capacity of activated carbon, to 70 million pounds, at their jointly owned site at Bienfait, SK. The new capacity will...
http://www.chemweek.com/regions/north_america/Cabot-Westmoreland-Coal-to-double-capacity-at-Canada-activated-carbon-site_64150.html
September 30, 2014
Styrolution says it will begin production of NAS and Zylar transparent styrene copolymers at a new plant in Ludwigshafen, Germany, in early October. The company has already begun production of NAS in Decatur, AL....
http://www.chemweek.com/regions/north_america/Styrolution-completes-transparent-styrene-copolymer-projects_64153.html
September 30, 2014
Credit ratings agency Moody’s Investors Service (New York) expects robust chemicals mergers and acquisitions (M&A) to remain in place at least through the middle of next...
http://www.chemweek.com/regions/north_america/Moodys-Chemicals-M-and-A-to-remain-strong-often-credit-positive-through-2015_64154.html
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