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June 13, 2014
The German government wants to top up its financial contribution to international climate protection. Gerd Müller, Germany’s development minister; and Barbara Hendricks...
http://www.chemweek.com/sections/business_finance/europe_mideast/Germany-to-provide-more-money-for-climate-protection_61805.html
June 13, 2014
Germany’s association of biotechnology industries (DIB; Frankfurt) has criticized the council of EU environment ministers' majority decision to extend the approval...
http://www.chemweek.com/sections/business_finance/europe_mideast/DIB-criticizes-national-ban-on-cultivation-of-genetically-modified-plants_61799.html
June 13, 2014
Trinseo, formerly Styron, on 12 June completed its initial public offering, raising about $190 million through the sale of 10 million common shares. The company’s shares, which...
http://www.chemweek.com/sections/business_finance/usa_americas/Trinseo-completes-$190-million-NYSE-initial-public-offering_61794.html
June 13, 2014
Emissions of carbon dioxide (CO2) from fossil fuel combustion by the 28 member states of the European Union decreased by 2.5% in 2013 compared with 2012, according to Eurostat...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-carbon-dioxide-emissions-declined-last-year_61746.html
June 13, 2014
Specialty chemicals distributor IMCD Group (Rotterdam) has, as expected, announced plans for an initial public offering on the Euronext Amsterdam exchange....
http://www.chemweek.com/sections/business_finance/europe_mideast/Distributor-IMCD-Group-confirms-IPO-plans_61747.html
June 13, 2014
Sahara Petrochemicals (Riyadh) and Saudi International Petrochemical Co. (Sipchem; Al Khubar, Saudi Arabia) have announced that they will not continue with merger talks. The...
http://www.chemweek.com/sections/business_finance/europe_mideast/Sahara-Petrochemicals-and-Sipchem-abandon-merger-talks_61748.html
June 13, 2014
Indorama Ventures (Bangkok) says that it has acquired all of the shares in polyethylene terephthalate (PET) resin producer Artenius TurkPET (Adana, Turkey). Financial details of the...
http://www.chemweek.com/sections/business_finance/europe_mideast/Indorama-buys-PET-producer-in-Turkey_61749.html
June 13, 2014
A huge explosion and fire on 3 June at Shell Chemicals’ Moerdijk, Netherlands, complex injured two employees. The blast occurred at about 11:00 pm local time at a propylene...
http://www.chemweek.com/sections/business_finance/europe_mideast/Blast-at-Shell-plant-injures-workers-boosts-styrene-prices_61750.html
June 13, 2014
DSM says it has signed a memorandum of cooperation with political leaders from Sichuan Province, China, and that the two parties agree to explore cooperation opportunities in...
http://www.chemweek.com/sections/business_finance/asia_pacific/DSM-explores-investing-in-Chinas-Sichuan-Province_61725.html
June 13, 2014
The petrochemical businesses of state-owned energy companies in India report mixed results for their fiscal fourth quarter, ended 31 March. Earnings figures for the businesses have not...
http://www.chemweek.com/sections/business_finance/asia_pacific/Petchem-businesses-of-Gail-Indian-Oil-report-mixed-results_61724.html
June 13, 2014
EPA has introduced aggressive plans to cut carbon dioxide (CO2) emissions from existing power plants in a move industry says could lift energy prices and hurt the United States’ manufacturing sector....
http://www.chemweek.com/sections/business_finance/usa_americas/EPA-proposes-30-percent-cut-in-power-plant-emissions_61766.html
June 13, 2014
Laticrete (Bethany, CT) has agreed to buy DuPont’s surface-care business, a maker of protective coatings and surface treatments for the stone and tile market, the companies say...
http://www.chemweek.com/sections/business_finance/usa_americas/Laticrete-to-buy-DuPonts-surface-care-business_61786.html
June 13, 2014
A widespread power outage forced an unplanned shutdown of Eastman Chemical’s Kingsport, TN, facility on 4 June, but the company had made “significant progress” in...
http://www.chemweek.com/sections/business_finance/usa_americas/Eastman-Kingsport-shutdown-to-have-limited-impact-on-acetyls_61787.html
June 13, 2014
Sasol and Ineos have committed to a 50-50 joint venture to produce bimodal high-density polyethylene (HDPE) at Ineos’s Battleground Manufacturing Complex at LaPorte, TX. The jv will construct a 470,000-m.t./year HDPE plant, which is expected to begin operating in 2016....
http://www.chemweek.com/sections/business_finance/usa_americas/Sasol-and-Ineos-commit-to-building-HDPE-plant-at-LaPorte_61788.html
June 13, 2014
Mitsui Chemicals says it will sell its maleic anhydride and fumaric acid businesses to Fuso Chemical (Osaka) by October. Details of the agreement will be discussed, and a formal...
http://www.chemweek.com/sections/business_finance/asia_pacific/Mitsui-to-sell-maleic-anhydride-and-fumaric-acid-businesses_61723.html
June 13, 2014
Shell Chemicals continues to advance plans for an ethane cracker in western Pennsylvania as well as to expand its existing US Gulf Coast sites....
http://www.chemweek.com/sections/business_finance/usa_americas/Shell-continues-evaluating-US-expansion-plans_61767.html
June 13, 2014
Private equity firm Sun Capital Partners has merged two wholly owned flexible-foam producers, Sleep Innovations and Flexible Foam Products, to form Innocor (West Long Branch, NJ), the second-largest producer of flexible polyurethane (PU) foam in North America....
http://www.chemweek.com/sections/business_finance/usa_americas/Sun-Capital-launches-Innocor-a-leading-PU-foam-player_61768.html
June 13, 2014
On 6 June, a federal intragency working group released its report to President Obama in response to his executive order on actions to improve chemical safety. The report addresses the...
http://www.chemweek.com/sections/business_finance/usa_americas/Federal-chemical-safety-working-group-updates-executive-order-status_61769.html
June 13, 2014
Praxair has started operations at its new 600-m.t./day air separation unit (ASU) at Memphis, TN. The plant will supply gaseous and liquid oxygen, nitrogen, and argon to customers in...
http://www.chemweek.com/sections/business_finance/usa_americas/Praxair-starts-Memphis-gases-plant_61770.html
June 13, 2014
PPG Industries has acquired Masterwork (Pittsburgh), a distributor of architectural paints in western Pennsylvania, Ohio, and New York. Masterwork owned and operated 13 stores, which...
http://www.chemweek.com/sections/business_finance/usa_americas/PPG-acquires-two-coatings-firms-in-the-US_61792.html
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