IHS Chemical Week

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July 1, 2014
Ashland and Clariant say that they have completed the previously announced sale of their foundry chemicals joint venture, ASK Chemicals (Hilden, Germany), to investment funds...
http://www.chemweek.com/regions/north_america/us/Ashland-and-Clariant-sell-foundry-chemicals-JV-to-private-equity-firm-Rhone_62169.html
July 1, 2014
Kraton Performance Polymers today notified LCY Chemical (Taipei) that its board of directors intends to withdraw its recommendation that Kraton stockholders approve the previously...
http://www.chemweek.com/regions/north_america/us/Kraton-rethinks-merging-with-LCY-Chemicals-SBC-business_62155.html
June 30, 2014
W. R. Grace announced today that it has appointed Albert F. Beninati Jr. president of its $1.1 billion Grace Catalysts Technologies segment, which develops and manufactures catalysts...
http://www.chemweek.com/regions/north_america/us/Grace-taps-former-Univar-executive-to-lead-catalysts-unit_62168.html
June 30, 2014
Chevron Phillips Chemical (CPChem; The Woodlands, TX) plans to begin a 100,000-m.t./year expansion of  its Cedar Bayou normal alpha-olefins (NAO; also called linear alpha-olefins) plant in Baytown, TX, in July 2015. The company says its board has approved the project, which has already obtained the necessary environmental permit from the Texas Commission on Environmental Quality (TCEQ)....
http://www.chemweek.com/regions/north_america/us/CPChem-gets-greenlight-for-Cedar-Bayou-normal-alpha-olefins_62158.html
June 30, 2014
PPG Industries has reached a definitive agreement to acquire Consorcio Comex (Mexico City), a leading Mexican producer of architectural and industrial coatings, for $2.3 billion. The...
http://www.chemweek.com/regions/north_america/us/PPG-Industries-to-acquire-Mexicos-Comex-for-$2-3-billion_62154.html
June 27, 2014
Univar filed late Friday for an initial public offering (IPO). The number of shares and price range for the offering have not yet been determined. Proceeds will be used to repay long-term debt, Univar says....
http://www.chemweek.com/regions/north_america/us/Distributor-Univar-files-for-IPO_62141.html
June 27, 2014
Monsanto today announced it issuing $4.5 billion in senior bonds in several tranches, with a variety of maturity dates and interest rates. The largest tranche is worth $1 billion, will...
http://www.chemweek.com/regions/north_america/us/Monsanto-issues-debt-to-fund-accelerated-share-buyback_62140.html
June 27, 2014
Univar will soon select Deutsche Bank, Goldman Sachs, and Bank of America to underwrite Univar's anticipated initial public offering (IPO), according to a Reuters report. Univar...
http://www.chemweek.com/regions/north_america/us/Report-Univar-to-select-banks-for-IPO_61765.html
June 27, 2014
Dow Chemical will begin constructing its 1.5-million m.t./year Freeport, TX, ethylene plant on 30 June. The project, which received final permitting approval from EPA in May, remains on track for start-up in the first half of 2017....
http://www.chemweek.com/regions/north_america/us/Dow-nears-start-of-construction-on-Freeport-ethane-cracker_62019.html
June 27, 2014
FMC announced today it is cutting its second-quarter and full-year earnings guidances, to 95 cts–$1.05/share and $4.10–4.30/share, respectively. The decreases are about...
http://www.chemweek.com/regions/north_america/us/FMC-cuts-earnings-guidance-as-ag-weakness-continues_61972.html
June 27, 2014
DuPont cut its second-quarter and full-year earnings outlook, citing a lower-than-expected quarterly performance from its agriculture segment and, to a lesser extent, its performance...
http://www.chemweek.com/regions/north_america/us/DuPont-cuts-outlook-on-weak-ag-results_62090.html
June 27, 2014
Velocys (Oxford, UK) has acquired small-scale gas-to-liquids (GTL) developer Pinto Energy (Houston) and the Ashtabula, OH, GTL project that Pinto Energy is developing, Velocys says...
http://www.chemweek.com/regions/north_america/us/Velocys-acquires-Pinto-Energy-and-Ashtabula-port-GTL-project_62125.html
June 27, 2014
Braskem plans to build an ultrahigh molecular weight polyethylene (UHMWPE) plant at its La Porte, TX, site, the company announced today. Groundbreaking for the new plant will take...
http://www.chemweek.com/regions/north_america/us/Braskem-to-build-UHMWPE-plant-at-Texas-site_62124.html
June 27, 2014
Kraton unveils innovation center in mid-Ohio Valley. Kraton Performance Polymers says it has opened an innovation center at Belpre, OH. The pilot facility allows Kraton to manufacture...
http://www.chemweek.com/regions/north_america/us/Kraton-opens-innovation-center-in-Ohio_62114.html
June 26, 2014
Monsanto today reported fiscal third-quarter net income down 5.6% year-on-year (YOY), to $858 million, on sales that were roughly flat YOY, at $4.25 billion. The company also announced plans to repurchase $10-billion in shares as part of plans for a more aggressive debt and capital structure....
http://www.chemweek.com/regions/north_america/us/Monsanto-beats-estimates-despite-fall-in-net-income-plans-$10-billion-share-buyback_62016.html
June 26, 2014
H.B. Fuller has announced fiscal second-quarter net income of $20.5 million, or 40 cts/share, down 20.8% year-on-year (YOY), on sales up 4.8%, to $544 million. Adjusted earnings...
http://www.chemweek.com/regions/north_america/us/H-B-Fuller-net-income-falls-despite-sales-increase_62051.html
June 26, 2014
Ashta Chemicals (Ashtabula, OH) says it will invest $60 million to convert its mercury-cell chlor-alkali plant to membrane-cell technology. Ineos Technologies will provide process design services and three Bichlor bipolar electrolyzers....
http://www.chemweek.com/regions/north_america/us/Ashta-Chemicals-to-convert-Ohio-chlor-alkali-plant-to-membrane-cell-process_62021.html
June 25, 2014
EPA today released its final risk assessment for trichloroethylene (TCE)—the first such assessment to be completed as part of the agency’s Toxic Substances Control Act...
http://www.chemweek.com/regions/north_america/us/EPA-issues-final-risk-assessment-for-TCE_62040.html
June 25, 2014
Bayer said today that it has issued two hybrid bonds with a total volume of €3.25 billion ($4.43 billion) as the first step in refinancing the $14.2-billion bridge loan arranged...
http://www.chemweek.com/regions/north_america/us/Bayer-issues-hybrid-capital-of-&euro3-25-billion-to-finance-Merck-and-Co-s-consumer-care-acquisition_62039.html
June 25, 2014
Cytec says it has named Daniel Darazsdi to be the company’s new v.p. and CFO, effective 4 August. Darazsdi replaces David Drillock, who announced his retirement in February...
http://www.chemweek.com/regions/north_america/us/Cytec-names-new-CFO_62035.html
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