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August 19, 2014
The European Chemicals Agency (ECHA; Helsinki) says it has started a 45-day public commenting period on the harmonized classification and labeling (CLH) proposal for the pesticide...
http://www.chemweek.com/sections/business_finance/europe_mideast/New-CLH-consultation-for-the-pesticide-tefluthrin_63290.html
August 15, 2014
Renewable chemicals firm Genomatica (San Diego) announced on 5 August that it has started a development program for three key nylon intermediates—hexamethylenediamine (HMD), caprolactam, and adipic acid....
http://www.chemweek.com/sections/business_finance/usa_americas/Genomatica-targets-biobased-routes-to-nylon-intermediates_63168.html
August 15, 2014
The World Trade Organization (WTO; Geneva) has rejected an appeal by China against a WTO ruling earlier this year that China’s export restrictions on the key industrial raw materials rare earths, molybdenum, and tungsten violate trade rules....
http://www.chemweek.com/sections/business_finance/usa_americas/WTO-rejects-Chinas-appeal-of-ruling-against-rare-earth-export-restrictions_63169.html
August 15, 2014
Lanxess has announced that it is expanding its Gastonia, NC, compounding facility for high-tech plastics by adding a second production line. The company will invest about $15 million...
http://www.chemweek.com/sections/business_finance/usa_americas/Lanxess-expands-plastics-production-in-North-Carolina_63170.html
August 15, 2014
Taiwanese authorities are investigating the role of LCY Chemical in a series of explosions at Kaohsiung on the night of 31 July that killed 30 people and injured more than 300. The...
http://www.chemweek.com/sections/business_finance/asia_pacific/Taiwan-to-investigate-LCY-following-propylene-explosions_63163.html
August 15, 2014
The president of Mexico, Enrique Peña Nieto, has signed the country’s energy reform bill into law, the president’s office says. The law preserves and guarantees state ownership of...
http://www.chemweek.com/sections/business_finance/usa_americas/Mexico-passes-energy-reform_63158.html
August 15, 2014
Evonik Industries announced on 12 August that it will construct a methionine production plant at Mobile, AL, to meet growing demand for the amino acid in dairy cow nutrition applications....
http://www.chemweek.com/sections/business_finance/usa_americas/Evonik-to-build-amino-acid-production-unit-at-Mobile-AL_63159.html
August 15, 2014
Kinder Morgan, Inc. (KMI) announced on 10 August that it is buying out its two master limited partnerships (MLPs)—Kinder Morgan Energy Partners (KMP) and El Paso Pipeline...
http://www.chemweek.com/sections/business_finance/usa_americas/Kinder-Morgan-to-buy-out-its-MLPs-in-$71-billion-deal_63204.html
August 15, 2014
a fire on 9 August has shut down one of BP’s two purified terephthalic acid (PTA) production units at its Cooper River site in Charleston, SC. The fire was extinguished quickly, and...
http://www.chemweek.com/sections/business_finance/usa_americas/Fire-at-BPs-Cooper-River-PTA-unit_63205.html
August 15, 2014
Specialty chemical firms mostly report strong performances in their latest quarterly results, with sales and net income rising across the board. Valspar slightly missed estimates, but...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-strong-as-firms-post-sales-increases_63206.html
August 15, 2014
VanDeMark Chemical (Lockport, NY), a maker of phosgene and phosgene derivatives, has acquired Isochem’s Framochem (Kazincbarcika, Hungary) subsidiary, rejoining the US and European...
http://www.chemweek.com/sections/business_finance/usa_americas/VanDeMark-acquires-Hungarian-phosgene-maker-Framochem_63220.html
August 15, 2014
Israel Chemicals Ltd.’s (ICL; Tel Aviv) board reiterated on 6 August the company’s earlier decision to freeze $750 million of new and previously approved investment in...
http://www.chemweek.com/sections/business_finance/europe_mideast/ICL-freezes-Israel-investments-to-protest-taxes-on-natural-resources_63160.html
August 15, 2014
Lanxess has posted its second-quarter results, detailed a previously announced restructuring program, and confirmed that one of its board members is leaving the company....
http://www.chemweek.com/sections/business_finance/europe_mideast/Lanxess-outlines-realignment-and-narrows-guidance_63161.html
August 15, 2014
Borealis, in early August, signed a 10-year agreement with US-listed Antero Resources (Denver) to supply 240,000 m.t./year of ethane from the United States for Borealis’s flexible-feed steam cracker at Stenungsund, Sweden. The cracker is designed to produce 625,000 m.t./year of ethylene....
http://www.chemweek.com/sections/business_finance/europe_mideast/Borealis-to-import-ethane-from-US-for-Sweden-cracker-_63193.html
August 15, 2014
Borealis has signed an agreement with a DuPont holding subsidiary in the Netherlands to purchase that company’s 67% share in Speciality Polymers Antwerp (Zwijndrecht, Belgium)...
http://www.chemweek.com/sections/business_finance/europe_mideast/-to-buy-DuPont-out-of-Speciality-Polymers-Antwerp_63194.html
August 15, 2014
Kraton Performance Polymers says that it has received notice from LCY Chemical (Taipei) that LCY has terminated their merger agreement following the Kraton board earlier withdrawing...
http://www.chemweek.com/sections/business_finance/asia_pacific/LCY-terminates-merger-agreement-with-Kraton_63162.html
August 15, 2014
EPA has granted greenhouse gas prevention of significant deterioration (GHG-PSD) permits to Formosa Plastics Corp. (FPC) for the construction of a 1.6-million m.t./year ethane cracker...
http://www.chemweek.com/sections/business_finance/usa_americas/EPA-approves-Formosas-ethylene-PDH-LDPE-projects_63207.html
August 15, 2014
Ashland has agreed to an accelerated share buyback worth $750 million. On 5 August, Ashland made two $375-million payments to Deutsche Bank and J.P.Morgan to fund the repurchases and...
http://www.chemweek.com/sections/business_finance/usa_americas/Ashland-launches-$1-billion-in-share-buybacks_63218.html
August 15, 2014
Most fertilizer makers report a drop in earnings due to several factors, including lower prices, a delayed planting season, and plant outages. PotashCorp posted strong segment results...
http://www.chemweek.com/sections/business_finance/usa_americas/Fertilizer-companies-report-lower-quarterly-earnings_63219.html
August 13, 2014
BASF recently announced that it will construct a new office building for 600 employees at its Ludwigshafen headquarters. The company had posted an architecture competition for the...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-replacing-Engelhorn-building-at-Ludwigshafen-site_63144.html
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