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April 24, 2015
Shin-Etsu has made a final investment decision to proceed with a $1.4-billion ethane cracker at its Plaquemine, LA, complex, the company’s first US ethylene investment. PTT...
http://www.chemweek.com/sections/business_finance/usa_americas/Shin-Etsu-confirms-Louisiana-cracker-PTT-eyes-Ohio_69751.html
April 24, 2015
Dow Chemical has launched its 2025 sustainability goals, which include an industry-first target of incorporating the value of natural capital into project design. Dow aims to generate...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-includes-natural-capital-in-2025-sustainability-goals_69789.html
April 24, 2015
The European Commission has today adopted a number of authorizations for the use of genetically modified organisms (GMOs) for food/feed applications. The authorizations include ten...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Commission-authorizes-GMOs-for-foodfeed-use_69807.html
April 24, 2015
ExxonMobil Chemical says it is considering building a polyethylene (PE) line at its Beaumont, TX, facility. The project would be in addition to two 650,000-m.t./year PE lines under construction at Mont Belvieu, TX. “We’ll conduct an extensive evaluation before making any final investment decision,” a company spokesperson says....
http://www.chemweek.com/sections/business_finance/usa_americas/ExxonMobil-considering-PE-project-at-Beaumont-TX_69749.html
April 24, 2015
Sibur (Moscow) says that its biggest investment project, a world-scale petrochemicals complex at Tobolsk, Russia, will likely reach mechanical completion in 2019, one year later than previously announced....
http://www.chemweek.com/sections/business_finance/europe_mideast/Sibur-delays-petchem-project-because-of-turbulent-economy_69730.html
April 24, 2015
Yara International says that, because of the worsening security outlook in Libya, the operating ability of the company’s Lifeco fertilizer joint venture plants in the country is...
http://www.chemweek.com/sections/business_finance/europe_mideast/Yara-writes-down-Libya-investment_69731.html
April 24, 2015
Sabic has reached a preliminary agreement with an unidentified US supplier to import shale gas for Sabic’s Wilton, UK, steam cracker for the next 10 years. The company announced...
http://www.chemweek.com/sections/business_finance/europe_mideast/Sabic-proceeds-with-plans-to-import-US-ethane-for-UK_69732.html
April 24, 2015
Tate & Lyle (London) has agreed with Archer Daniels Midland (ADM) to realign their 50-50 Eaststarch corn wet milling joint venture in Europe. Tate & Lyle will acquire full...
http://www.chemweek.com/sections/business_finance/europe_mideast/Tate-and-Lyle-to-exit-Europe-bulk-ingredients-JV-with-ADM_69733.html
April 24, 2015
Total has presented to employee representatives a plan for the company’s refinery assets in France. The company, under the proposals, will invest to upgrade the Donges refinery in western France and transform the La Mède refinery in southern France to ensure their future....
http://www.chemweek.com/sections/business_finance/europe_mideast/Total-to-transform-two-French-refineries-as-part-of-wider-plan_69734.html
April 24, 2015
Reliance Industries says net profits for the company’s fiscal fourth quarter, ended 31 March, increased 8.5% compared with the same period of the previous fiscal year, to about 63.8 billion Indian rupees ($1.02 billion). Fourth-quarter sales decreased 33%, to Rs708.6 billion....
http://www.chemweek.com/sections/business_finance/asia_pacific/Reliance-reports-rise-in-profits-opens-PET-PTA-plants_69698.html
April 24, 2015
Showa Denko says that it has decided to build a plant at Shanghai to produce high-purity hydrogen fluoride, a specialty gas used for producing semiconductors. The plant will be built...
http://www.chemweek.com/sections/business_finance/asia_pacific/Showa-Denko-builds-high-purity-hydrogen-fluoride-plant-in-China_69699.html
April 24, 2015
FMC has completed the $1.8-billion acquisition of crop protection chemicals maker Cheminova (Harboøre, Denmark). The deal was announced last September. “The acquisition of Cheminova...
http://www.chemweek.com/sections/business_finance/usa_americas/FMC-completes-$1-8-billion-acquisition-of-Cheminova_69750.html
April 24, 2015
The global surplus of light naphtha could increase by as much as 14 million m.t./year over the next five years, according to a new study from IHS Chemical, Light and Heavy Naphtha...
http://www.chemweek.com/sections/business_finance/usa_americas/Light-naphtha-surplus-could-reach-14-million-m-t-by-2020_69752.html
April 24, 2015
Cytec and Sensient Technologies both report higher first-quarter earnings. Cytec beat estimates, while Sensient’s margins increased. Cytec has announced first-quarter net...
http://www.chemweek.com/sections/business_finance/usa_americas/Cytec-Sensient-report-higher-earnings-on-mixed-sales_69783.html
April 24, 2015
ACC’s Chemical Activity Barometer (CAB), a leading economic indicator and measure of industry activity, is up 0.1% sequentially in April after being flat in March and up 0.1% in...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemical-Activity-Barometer-higher-in-April_69784.html
April 24, 2015
Higher sales of catalysts and construction products helped W.R. Grace grow first-quarter profits despite negative currency impacts. Company officials say it is on track for its previously announced split and that it has completed the first phase of a major fluid catalytic cracking (FCC) catalyst project in the Mideast....
http://www.chemweek.com/sections/business_finance/usa_americas/Grace-beats-estimates-remains-on-track-for-split_69785.html
April 24, 2015
DuPont has agreed to acquire microbiome discovery firm Taxon Biosciences (Tiburon, CA) to accelerate commercialization of biological solutions for agriculture. DuPont also says that...
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-acquires-biologicals-firm-sets-Chemours-bond-issue_69787.html
April 24, 2015
Solvay has launched a previously announced expansion at its Augusta, GA, manufacturing facility to install the first world-scale polyetheretherketone (PEEK) resin production unit in...
http://www.chemweek.com/sections/business_finance/usa_americas/Solvay-begins-constructing-PEEK-plant-in-the-US_69788.html
April 24, 2015
Renewable fuels and chemicals maker Gevo (Englewood, CO) implemented a 1-for-15 reverse stock split on 21 April intended to increase the market price per share and allow the company to...
http://www.chemweek.com/sections/business_finance/usa_americas/Gevo-implements-reverse-stock-split_69790.html
April 23, 2015
Recipharm (Jordbro, Sweden), a contract development and manufacturing organization that produces pharmaceuticals and active pharmaceutical ingredients, has today announced the...
http://www.chemweek.com/sections/business_finance/europe_mideast/Recipharm-appoints-new-boss-for-Italian-unit_69712.html
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