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September 26, 2014
Evonik Industries says it will build a plant to manufacture the company’s Rohacell polymethacrylimide structural foam at Shanghai. The plant is expected to begin operating in the...
http://www.chemweek.com/sections/business_finance/asia_pacific/Evonik-builds-foam-plant-in-China_63982.html
September 26, 2014
Cargill has filed a lawsuit against Syngenta’s seeds business in Louisiana state court, seeking damages from Syngenta for commercializing its Agrisure Viptera (MIR 162)...
http://www.chemweek.com/sections/business_finance/usa_americas/Cargill-sues-Syngenta-over-GM-corn-rejected-by-China_64053.html
September 26, 2014
EPA announced new actions and recognized private-sector commitments aimed at curbing emissions of hydrofluorocarbons (HFCs) used in refrigeration and air conditioning ahead of the UN Climate Summit at New York on 23 September....
http://www.chemweek.com/sections/business_finance/usa_americas/EPA-and-industry-step-up-efforts-to-reduce-HFCs_64054.html
September 26, 2014
Solvay says that it has extended its Butachimie joint venture agreement with Invista for an additional 99 years. Butachimie produces nylon-6,6 intermediates at Chalampé, France...
http://www.chemweek.com/sections/business_finance/europe_mideast/Butachimie-to-gain-more-autonomy-as-Solvay-Invista-extend-JV-agreement_64012.html
September 26, 2014
Bayer MaterialScience, a Bayer subgroup, says it plans to increase thermoplastic polyurethane (TPU) production capacity at Cuddalore, Tamil Nadu State, India, to meet the continued growth in demand for TPU in the country. The addition of a second TPU production line will increase the capacity at the site from 2,500 m.t./year to 6,000 m.t./year. The expansion is expected to be completed in the second quarter of 2015....
http://www.chemweek.com/sections/business_finance/asia_pacific/Bayer-expands-TPU-production-capacity-at-Cuddalore-India_63980.html
September 26, 2014
Ube Industries says that its wholly owned fine chemicals subsidiary headquartered at Bangkok will build a production facility for polycarbonate diol at its manufacturing site in Rayong...
http://www.chemweek.com/sections/business_finance/asia_pacific/Ube-to-build-polycarbonate-diol-plant-in-Thailand_63981.html
September 26, 2014
CCMP Capital Advisors (CCMP; New York) has reached a deal to acquire a 47% stake in silica and catalyst maker PQ from Carlyle Group (Washington). CCMP sold PQ to Carlyle for $1.5...
http://www.chemweek.com/sections/business_finance/usa_americas/CCMP-returns-to-acquire-47-percent-stake-in-PQ-from-Carlyle_64056.html
September 26, 2014
Chemical industry M&A values and volumes remain solid, with activity expected to rise in the second half, according to Young and Partners (New York). The total value of chemical M&A transactions above $25 million during first-half of 2014 stands at $15 billion, with 37 deals completed, says Peter Young, Young & Partners president....
http://www.chemweek.com/sections/business_finance/usa_americas/Chemical-M-and-A-solid-in-first-half-expected-to-rise_64057.html
September 26, 2014
Air Products will reorganize around seven segments and sharpen its focus on its core industrial gas operations under a plan announced earlier this month by new chairman and CEO Seifi...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Products-realignment-sharpens-focus-on-gases_64059.html
September 26, 2014
The US Department of Agriculture (USDA) has approved Dow Chemical’s Enlist corn and soybean traits in the United States after “one of the most thorough reviews of a biotech...
http://www.chemweek.com/sections/business_finance/usa_americas/Dows-Enlist-trait-gains-approval_64060.html
September 26, 2014
Linde says that it will expand hydrogen supply to Husky Energy’s Lima, OH, refinery. Linde will build, own, and operate an additional steam methane reforming hydrogen unit for...
http://www.chemweek.com/sections/business_finance/usa_americas/Linde-to-expand-hydrogen-capacity-at-Ohio-refinery_64061.html
September 17, 2014
Brenntag says it has signed an agreement to acquire the specialty chemicals distribution business of Pioma Chemicals (Mumbai), a leading distributor of specialty excipients and functional ingredients to the pharmaceutical, personal-care, and food industries across India....
http://www.chemweek.com/sections/business_finance/asia_pacific/Brenntag-acquires-specialties-distribution-business-in-India_63708.html
September 17, 2014
Solvay has reached a deal to acquire the polyphenylene sulfide (PPS) business of Chevron Phillips Chemical (CPChem) for $220 million. Solvay will acquire two Ryton PPS resin manufacturing units at Borger, TX; its pilot plant and PPS R&D assets at Bartlesville, OK; a compounding plant at Kallo-Beveren, Belgium; and certain intellectual property relating to the PPS business. CPChem’s compounding unit at La Porte, TX, will remain part of CPChem and will provide temporary tolling services to Solvay....
http://www.chemweek.com/sections/business_finance/usa_americas/Solvay-to-acquire-CPChems-PPS-assets-for-$220-million_63704.html
September 17, 2014
The board of directors of Israel Chemicals Ltd. (ICL; Tel Aviv) has instructed the management of Bromine Compounds Co. to develop and implement a plan to improve the profitability of...
http://www.chemweek.com/sections/business_finance/europe_mideast/-reviews-bromine-operations-to-close-magnesium-plant_63723.html
September 15, 2014
Great Lakes Dredge & Dock (Oak Brook, IL) has been awarded a contract worth over $30 million to widen the entrance and jetty channels of the Freeport Ship Channel, near Freeport...
http://www.chemweek.com/sections/business_finance/usa_americas/Dredging-firm-to-widen-Freeport-Ship-Channel_63705.html
September 15, 2014
Bayer CropScience (BCS), the world’s second-largest agricultural chemicals player, has outlined targets and given details of projects that it is working on....
http://www.chemweek.com/sections/business_finance/usa_americas/Bayer-CropScience-outlines-targets-bets-on-biologics_63706.html
September 15, 2014
Braskem has joined Michelin and biobased farnesene maker Amyris (Emeryville, CA) in their efforts to develop a low-cost process to produce isoprene from renewable raw materials, Amyris...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-joins-renewable-isoprene-collaboration_63737.html
September 15, 2014
POET-DSM Advanced Biofuels (Sioux Falls, SD), a joint venture between Royal DSM and POET, opened its world-scale cellulosic ethanol plant at Emmetsburg, IA, on 3 September. The...
http://www.chemweek.com/sections/business_finance/usa_americas/POET-DSM-commissions-cellulosic-ethanol-plant_63738.html
September 15, 2014
Coca-Cola is making an additional investment in the development and commercialization of Virent’s (Madison, WI) registered biobased para -xylene ( p -xylene), BioFormPX, Virent says...
http://www.chemweek.com/sections/business_finance/usa_americas/Coke-invests-in-Virents-p-xylene_63739.html
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