IHS Chemical Week

Archives :: Regions :: North America :: U.S.

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June 16, 2015
The Bulk Pharmaceuticals Task Force (BPTF), an affiliate of the Socma, has asked FDA to consider several changes to performance goals and the fee payment schedule prior to the Generic...
http://www.chemweek.com/regions/north_america/us/BPTF-seeks-changes-in-performance-goals-fee-payment-schedule-in-GDUFA-renegotiations_71343.html
June 16, 2015
The merger of Dow Chemical's chlor-alkali business with Olin has cleared the 30-day waiting period required by the Hart-Scott-Rodino (HSR) Antitrust Improvement Act of 1976, the companies say. "This important milestone marks progress toward the close of a seminal transaction maximizing return for both Dow and Olin shareholders and the advancement of Dow's targeted market participation and portfolio transformation strategies," says Andrew Liveris, Dow chairman and CEO....
http://www.chemweek.com/regions/north_america/us/Dow-Olin-chlor-alkali-merger-passes-HSR-review_71367.html
June 15, 2015
Molycorp, the sole US producer of rare earth oxides (REOs), is taking advantage of a 30-day grace period for payment of interest a $3.36-million interest payment on senior bonds. The...
http://www.chemweek.com/regions/north_america/us/Molycorp-to-miss-another-debt-payment_71336.html
June 15, 2015
Shell Chemicals has completed the purchase of a site in Monaca, PA, for its planned Appalachian petrochemical complex, according to Horsehead Holding, the seller....
http://www.chemweek.com/regions/north_america/us/Shell-closes-purchase-of-site-for-Appalachian-petrochemical-project_71334.html
June 15, 2015
The closure of Haverhill Chemicals' (Houston) production site at Haverhill, OH with the potential loss of 141 jobs—announced late last week—remains uncertain after the...
http://www.chemweek.com/regions/north_america/us/Impact-of-Haverhill-shutdown-on-phenol-market-in-US-could-be-limited_71319.html
June 15, 2015
Valspar says that its board of directors has elected David Lumley to serve as a director of the corporation, effective 10 June. Lumley was appointed to serve on the board's audit...
http://www.chemweek.com/regions/north_america/us/Valspar-appoints-new-board-member_71284.html
June 15, 2015
Haverhill Chemicals (Houston) has announced that it has begun suspending operations at its Haverhill, OH, production site. The company says that since acquiring the plant three years...
http://www.chemweek.com/regions/north_america/us/Haverhill-says-it-is-suspending-production_71276.html
June 15, 2015
Westlake Chemical has created a Web site focused on proposed IRS regulations that it says threaten the eligibility of Westlake Chemical Partners (WLKP) to receive key tax benefits....
http://www.chemweek.com/regions/north_america/us/Westlake-creates-Web-site-focused-on-threat-of-proposed-IRS-regulations_71280.html
June 12, 2015

During the week ended 6 June, chemical railcar traffic in North America fell year-over-year (YOY) on declines in the United States. For all of North America, chemical railcar traffic during the week totaled 42,174 carloads, flat from the previous week, and down 4.4% YOY, according to data released by the Association of American Railroads (AAR) https://www.aar.org/. Chemical railcar traffic in North America is up 0.8% for the year to date, versus a 2.3% decrease in all railcar traffic, according to AAR.

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http://www.chemweek.com/regions/north_america/us/North-America-weekly-chemical-rail-traffic-down_71235.html
June 12, 2015
Hess Corp. (New York) has agreed to sell a 50% interest in its Bakken midstream assets to Global Infrastructure Partners (New York) for $2.675 billion in cash to create a new joint venture, Hess Infrastructure Partners. Hess expects the deal to be completed early in the third quarter of 2015....
http://www.chemweek.com/regions/north_america/us/Hess-sells-50-percent-interest-in-Bakken-midstream-assets_71234.html
June 12, 2015
Pacific Ethanol (Sacramento) and Aventine Renewable Energy Holdings (Pekin, IL) have announced that their respective stockholders approved the proposed merger of the two companies, at...
http://www.chemweek.com/regions/north_america/us/Shareholders-of-Pacific-Ethanol-Aventine-clear-merger_71229.html
June 12, 2015
Williams Partners' has achieved on-spec ethylene this week at its Geismar, LA, olefins plant, according to market participants. A source close to the company said last week that the...
http://www.chemweek.com/regions/north_america/us/Williams-Geismar-unit-achieves-on-spec-ethylene_71202.html
June 11, 2015

Williams Partners (Tulsa, OK) says that it has completed the acquisition of an additional 13% equity interest in Utica East Ohio Midstream from EV Energy Partners for $357 million. Williams Partners now owns a 62% interest in the company, which operates natural gas gathering, processing, fractionation, and storage assets.

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http://www.chemweek.com/regions/north_america/us/Williams-Partners-increases-interest-in-Utica-East-Ohio-Midstream-to-62-percent_71201.html
June 11, 2015
Omnova Solutions says it is shutting down styrene butadiene (SB) latex production at its facilities in Calhoun, GA and Mogadore, OH, as part of a cost-cutting program expected to save...
http://www.chemweek.com/regions/north_america/us/Omnova-to-shutter-SB-latex-production-in-Georgia-and-Ohio_71186.html
June 11, 2015
LanzaTech (Chicago), a carbon recycling company, says that it has appointed Jean Paul Michel as executive v.p./strategy, finance and operations. Michel joins LanzaTech from Osram...
http://www.chemweek.com/regions/north_america/us/LanzaTech-appoints-executive-v-p-strategy-finance-and-operations_71173.html
June 11, 2015
The Goodyear Tire & Rubber Co. (Akron, OH) says that it has reached a supply agreement with Yihai Food and Oil Industry in China for silica derived from rice husk ash. Goodyear...
http://www.chemweek.com/regions/north_america/us/Goodyear-reaches-supply-agreements-for-rice-husk-ash-silica_71145.html
June 10, 2015

Air Liquide's engineering and construction subsidiary says that it will begin marketing a new natural gas-to-gasoline technology package, G2G, that combines Air Liquide’s Lurgi MegaMethanol technology with ExxonMobil’s proprietary methanol-to-gasoline technology.

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http://www.chemweek.com/regions/north_america/us/Air-Liquide-ExxonMobil-partner-on-gas-to-gasoline-technology-package_71152.html
June 10, 2015
Propylene inventories grew in the United States in the first week of June, according to data released by the Energy Information Administration on Wednesday. Propane-propylene stocks...
http://www.chemweek.com/regions/north_america/us/Propylene-stocks-up-in-US-for-first-week-of-June_71149.html
June 10, 2015
Haverhill Chemicals (Houston) is working to secure alternative sources of financing after banks unexpectedly withdrew their support, company sources close to the matter have told IHS...
http://www.chemweek.com/regions/north_america/us/Haverhill-Chemicals-seeks-alternative-financing-denies-plant-closure-reports_71144.html
June 10, 2015
Private equity firm Apollo Management (New York) says it has agreed to acquire OM Group for about $1.03 billion, or $34/share. Apollo will then sell OM Group’s electronic...
http://www.chemweek.com/regions/north_america/us/Apollo-to-acquire-OM-Group-for-$1-03-billion-sell-some-segments-to-Platform_70874.html
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