IHS Chemical Week

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November 13, 2014
Chemtura today said it will slash manufacturing costs by about $50 million/year, or about 10% of total manufacturing cost, as part of a restructuring program. The restructuring will...
http://www.chemweek.com/regions/north_america/us/Chemtura-details-restructuring-efforts_65366.html
November 13, 2014
Engineering & construction group AMEC (London) today announced the completion of the £5 billion ($7.9 billion) merger with Foster Wheeler, creating Amec Foster Wheeler...
http://www.chemweek.com/regions/north_america/us/AMEC-and-Foster-Wheeler-combine-into-Amec-Foster-Wheeler_65355.html
November 13, 2014
The United States International Trade Commission (ITC) has determined that imports of refrigerant gas R-134a from China do not harm the US industry. As a result, no antidumping or...
http://www.chemweek.com/regions/north_america/us/US-ITC-rules-against-antidumping-duties-on-imports-of-refrigerant-gases-from-China_65354.html
November 12, 2014
Technip said today that it has entered into a contract to supply its Technip Stone & Webster ethylene technology and process design package for a previously announced grassroots...
http://www.chemweek.com/regions/north_america/us/Technip-to-provide-technology-for-Ascents-ethylene-plant_65076.html
November 12, 2014
Technip said today that Sasol has awarded it a contract to provide engineering and procurement services for eight Technip proprietary Ultra Selective Conversion furnaces for a...
http://www.chemweek.com/regions/north_america/us/Sasol-awards-ethylene-furnace-contract-to-Technip_65044.html
November 12, 2014
A US subsidiary of the pharma group Aurobindo (Hyderabad, India) headquartered at Dayton, NJ, says it is the highest bidder for the acquisition of nutritional supplement producer...
http://www.chemweek.com/regions/north_america/us/Aurobindo-Pharma-to-acquire-US-nutritional-supplements-company-Natrol_65310.html
November 12, 2014
Enterprise Products Partners and Oiltanking Partners have concluded the agreement that will merge the two companies, under a $6-billion deal announced on 1 October. Each share in Oiltanking will be exchanged for 1.3 shares in Enterprise, a 10.4% premium based on closing prices on 10 November, says Enterprise. Enterprise expects the merger to be completed in early 2015....
http://www.chemweek.com/regions/north_america/us/Enterprise-Oiltanking-reach-merger-agreement_65320.html
November 12, 2014
Adama Agricultural Solutions, the leading off-patent crop protection company, has announced the commencement of marketing of its initial public offering of shares, which are expected...
http://www.chemweek.com/regions/north_america/us/Adama-proceeds-with-plans-to-list-on-New-York-Stock-Exchange_65308.html
November 12, 2014
Platform Specialty Products has priced its 2.145-million share public stock offer, which was announced on Monday, at $24.50/share. The company expects to generate about $350 million in...
http://www.chemweek.com/regions/north_america/us/Platform-prices-stock-offer_65327.html
November 12, 2014
Indorama Ventures (Bangkok), a major producer of polyester, plans to further back integrate to ethylene production and is in discussions with partners to build a greenfield ethylene...
http://www.chemweek.com/regions/north_america/us/Indorama-plans-shale-cracker-JV-in-the-US-another-MEG-plant_65314.html
November 11, 2014
OCI Partners (Nederland, TX) reports third-quarter income of $19 million, down 21% year-over-year (YOY) from $24 million. Sales totaled $90 million, down 6% YOY from $96 million. The company cites lower ammonia production and lower methanol prices....
http://www.chemweek.com/regions/north_america/us/OCI-Partners-earnings-down-21-percent-YOY-on-volume-costs_65301.html
November 11, 2014
Monsanto, Sumitomo Chemical, and Sumitomo’s wholly owned subsidiary Valent USA (Walnut Creek, CA) have agreed to extend their strategic partnership in Monsanto’s Roundup...
http://www.chemweek.com/regions/north_america/us/Sumitomo-Chemical-and-Monsanto-extend-crop-protection-collaboration_65282.html
November 11, 2014
CB&I announced today that it has been awarded a contract valued in excess of $40 million by Coffeyville Resources Refining & Marketing. The project scope includes the...
http://www.chemweek.com/regions/north_america/us/CB-and-I-awarded-hydrogen-plant-contract-in-Kansas_65289.html
November 10, 2014
ACC president Cal Dooley says the midterm elections provide a more favorable policy environment for US chemical makers to carry out US growth and investment plans....
http://www.chemweek.com/regions/north_america/us/ACC-expresses-optimism-on-post-election-TSCA-trade-prospects_65264.html
November 10, 2014
Momentive Specialty Chemicals (MSC) today reported third-quarter Ebitda up 4% year-on-year (YOY), to $125 million, on revenues up 8%, to $1.35 billion. The increases were mostly due to...
http://www.chemweek.com/regions/north_america/us/Momentive-Specialty-Chemicals-reports-earnings-increase_65277.html
November 10, 2014
Dow Chemical says it will appeal a polyurethanes price-fixing class-action judgment to the US Supreme Court. In September, the US Court of Appeals for the Tenth Circuit affirmed a jury verdict awarding the plaintiffs $1.06 billion. Dow asked the court to rehear the case, but on 7 November, the court turned the company down....
http://www.chemweek.com/regions/north_america/us/Dow-to-appeal-polyurethanes-decision-to-US-Supreme-Court_65261.html
November 10, 2014
Chevron Phillips Chemical (CPChem; The Woodlands, TX) says it has begun the process of restarting the ethylene plant at its Port Arthur, TX, facility. The company expects the plant to be running at full capacity by the end of the year....
http://www.chemweek.com/regions/north_america/us/CPChem-restarts-Port-Arthur-TX-ethylene-plant_65276.html
November 10, 2014
Platform Specialty Products today commended a $350-million stock offering, the proceeds of which will help fund the $3.5-billion acquisition of Arysta Life Sciences. The offering is...
http://www.chemweek.com/regions/north_america/us/Platform-to-sell-shares-to-fund-Arysta-acquisition_65263.html
November 10, 2014
Advanced Emissions Solutions (ADA-ES; Highlands Ranch, CO) is retaining investment bank Moelis & Company (New York) to advise on options for the use of future cash flows stemming...
http://www.chemweek.com/regions/north_america/us/ADA-ES-retains-banker-to-advise-on-cash-flow-options_65262.html
November 10, 2014
Virent (Madison, WI) and the PlantPET Technology Collaborative (PTC) have announced that they have signed an expression of interest that provides individual members of the PTC an...
http://www.chemweek.com/regions/north_america/us/Virent-PlantPET-Technology-Collaborative-sign-expression-of-interest-on-plant-based-p-xylene_65253.html
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