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December 22, 2014

In a 13-2 vote, the legislature of the US Virgin Islands has rejected an operating agreement proposed by Atlantic Basin Refining as part a deal to acquire the 355,000-bbl/day Hovensa refinery at Saint Croix, VI, from its current owners, PDVSA (Caracas) and Hess (New York).

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http://www.chemweek.com/regions/south_america/venezuela/US-Virgin-Islands-rejects-terms-of-Hovensa-sale_66399.html
December 22, 2014
Israel Chemicals Ltd. (ICL; Tel Aviv) says that it has completed the previously announced acquisition of Vale’s (Rio de Janeiro) shares in Fosbrasil, a producer of downstream...
http://www.chemweek.com/regions/south_america/brazil/ICL-acquires-full-ownership-of-Fosbrasil_66392.html
December 22, 2014
Altana (Wesel, Germany) says that it has acquired two companies—Premiata and Overlake—that are headquartered in the state of São Paulo, Brazil. Premiata, which...
http://www.chemweek.com/regions/south_america/brazil/Altana-acquires-two-companies-in-Brazil_66390.html
December 19, 2014
Sirius Minerals (London), a potash development company, said today that it has signed an additional take-or-pay agreement with a leading South American fertilizer distributor for the...
http://www.chemweek.com/regions/south_america/Sirius-Minerals-signs-additional-potash-offtake-agreement_66364.html
December 19, 2014
Clariant says that it has signed an agreement to divest its water treatment business operating in Argentina, Brazil, and Colombia to Ecolab. Financial details of the deal have not been...
http://www.chemweek.com/regions/south_america/brazil/Ecolab-to-acquire-Clariants-water-treatment-business-in-Latin-America_66355.html
December 18, 2014
Operations at the Zárate-Campana chemical cluster in Argentina have been paralyzed for one week as a result of industrial action, according to local media reports. The...
http://www.chemweek.com/regions/south_america/argentina/Reports-Industrial-action-paralyses-chemical-hub-in-Argentina_66298.html
December 17, 2014
Mosaic announced today that it has completed the previously announced acquisition of Archer Daniel Midland’s (ADM) fertilizer distribution business in Brazil and Paraguay for...
http://www.chemweek.com/regions/south_america/brazil/Mosaic-completes-acquisition-of-ADM-fertilizer-distribution-business_66248.html
December 15, 2014
BASF’s coatings division has become the sole supplier of automotive coatings for Chery's (Wuhu, China) automotive production plant at Jacarei, Brazil, which started operations in August....
http://www.chemweek.com/regions/south_america/brazil/BASF-to-supply-Chery-automotive-plant-in-Brazil_66179.html
December 12, 2014
IHS has cut its crude oil forecast sharply with the latest dated Brent projections lowered by about $22/bbl in 2015 and $11/bbl in 2016, according to IHS December Global Crude Oil...
http://www.chemweek.com/regions/south_america/IHS-cuts-2015-crude-oil-price-forecast-sharply_66035.html
December 12, 2014
Brazil's antitrust authority, Cade, has unanimously approved, albeit with restrictions, Israel Chemicals Ltd. (ICL) acquiring Vale’s stake in Fosbrasil, a joint venture producing...
http://www.chemweek.com/regions/south_america/brazil/Brazils-antitrust-authority-approves-ICLs-acquisition-of-Vales-share-in-Fosbrasil_66153.html
December 11, 2014
Brenntag says that it has agreed to acquire SurtiQuímicos (Bogotá, Colombia), a distributor of specialty chemicals. The company operates with facilities at Bogotá...
http://www.chemweek.com/regions/south_america/Brenntag-to-acquire-Colombian-specialty-chemicals-distributor_66069.html
December 9, 2014
Sumitomo Chemical and Monsanto say that they have entered into long-term agreements to collaborate on weed management in Brazil and Argentina, expanding their ongoing strategic...
http://www.chemweek.com/regions/south_america/argentina/Sumitomo-Chemical-Monsanto-expand-weed-management-collaboration-to-South-America_65979.html
December 9, 2014
Solvay announces today that it is acquiring Dhaymers (Taboão da Serra, Brazil), a producer of specialty esters, entering the skin care market and expanding its presence in...
http://www.chemweek.com/regions/south_america/brazil/Solvay-acquires-specialty-esters-producer-in-Brazil_65987.html
December 5, 2014
Plant Health Care (Raleigh, NC), a leading provider of novel biological products to agriculture, announced today that it has signed a development and distribution agreement with Arysta...
http://www.chemweek.com/regions/south_america/brazil/Plant-Health-Care-signs-Brazil-sugarcane-development-accord-with-Arysta-LifeScience_65913.html
December 3, 2014
IFF announced today it is expanding its flavors business in Indonesia and Chile, with new facilities in both countries. In Indonesia, the company is doubling the size of an existing...
http://www.chemweek.com/regions/south_america/IFF-expands-flavors-presence-in-Indonesia-and-Chile_65627.html
December 3, 2014
Braskem has decided to settle fully 1 billion reais ($390 million) owed in taxes to the Brazilian treasury, the company announced. Braskem will pay 30% of the amount due in cash and...
http://www.chemweek.com/regions/south_america/brazil/Braskem-pays-R$1-billion-tax-debt_65799.html
December 1, 2014
Yara International (Oslo) announced today that it has obtained regulatory approvals to acquire a 60% stake in Galvani Indústria, Comércio e Serviços (São...
http://www.chemweek.com/regions/south_america/brazil/Yara-completes-acquisition-of-majority-stake-in-Brazilian-fertilizer-company-Galvani_65747.html
November 28, 2014
Brazil has lowered import duties on para-xylene (p-xylene) from 4% to 0%, the Foreign Trade Chamber (Camex; Brasilia) announced. The duty reduction is applicable for 80,000 m.t. of...
http://www.chemweek.com/regions/south_america/brazil/Brazil-lowers-import-duties-on-p-xylene-for-six-months-effective-1-December_65718.html
November 28, 2014
Crude oil production will be maintained at a level of 30 million barrels/day, as was agreed in December 2011, in the interest of restoring market equilibrium, the Organization of the...
http://www.chemweek.com/regions/south_america/OPEC-Crude-oil-production-to-remain-steady-at-30-million-bblsday_65719.html
November 28, 2014
Methanex says that its Trinidad operations have been temporarily idled due to an interruption in power supply. The facilities have not been receiving electrical power off the national...
http://www.chemweek.com/regions/south_america/Methanex-temporarily-idles-Trinidad-facilities_65721.html
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