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March 13, 2015
Hexion and OM Group both report losses due to special charges early in March, with sales also down because of currency impacts. Hexion, formerly Momentive Specialty Chemicals, reports...
http://www.chemweek.com/sections/business_finance/usa_americas/Hexion-OM-Group-report-losses-sales-fall-on-currency-impact_68537.html
March 13, 2015
Merck KGaA (Darmstadt, Germany) says that its fourth-quarter Ebitda before one-time items rose 10.5%, to €878.4 million ($983.9 million), on 12.9% higher sales of €3.0...
http://www.chemweek.com/sections/business_finance/europe_mideast/Acquisitions-boost-Merck-KGaAs-sales-and-earnings_68489.html
March 13, 2015
Valero Energy (San Antonio) has not included a previously announced methanol project in Louisiana in the company’s capital expenditure (capex) budgets for 2015 or 2016. Valero...
http://www.chemweek.com/sections/business_finance/usa_americas/Valeros-Louisiana-methanol-project-is-delayed_68539.html
March 13, 2015
Whistleblowers have implicated Braskem in the corruption scandal surrounding state-owned oil producer Petrobras (Rio de Janeiro), according to a report from newspaper Folha de S...
http://www.chemweek.com/sections/business_finance/usa_americas/Whistleblowers-implicate-Braskem-in-Petrobras-scandal_68542.html
March 13, 2015
The US Coast Guard says the Houston Ship Channel was reopened on 12 March, three days after two ships collided, forcing the waterway to close. The shutdown snarled chemical traffic in...
http://www.chemweek.com/sections/business_finance/usa_americas/Tanker-collision-snarls-Houston-Ship-Channel-traffic_68543.html
March 13, 2015
The United Steelworkers (USW; Pittsburgh) said 12 March that it has reached a tentative agreement on a four-year contract with Royal Dutch Shell that is expected to serve as a pattern agreement for the rest of the industry....
http://www.chemweek.com/sections/business_finance/usa_americas/USW-and-Shell-tentatively-agree-to-end-US-strike_68544.html
March 6, 2015
Trecora Resources (Sugar Land, TX) has announced record fourth-quarter sales of $74.1 million in 2014, an increase of 11.2% year-on-year (YOY) and net income of $2.2 million in the...
http://www.chemweek.com/sections/business_finance/Trecora-Resources-reports-record-fourth-quarter-sales-full-year-sales-up-23-percent_68365.html
March 5, 2015
The European Environment Agency (EEA; Copenhagen) has just published The European Environment—State and Outlook 2015; synthesis report, which synthesizes the information...
http://www.chemweek.com/sections/business_finance/europe_mideast/EEA-environment-report-2015-some-success-and-benefits-but-"huge-challenges"-remain_68343.html
March 5, 2015
Perstorp (Perstorp, Sweden) has announced the successful start-up of its oxo plant at Stenugsund, Sweden. The new plant is Perstorp’s largest ever plant investment, boosting its...
http://www.chemweek.com/sections/business_finance/europe_mideast/Perstorp-starts-up-oxo-unit-its-largest-plant-investment_68339.html
March 4, 2015
The European Chemicals Agency (ECHA; Helsinki) has opened a public consultation on proposals to identify two new substances of very high concern (SVHC), part of the European...
http://www.chemweek.com/sections/business_finance/europe_mideast/Public-consultation-launched-on-proposals-to-identify-two-substances-as-SVHC_68306.html
March 4, 2015
Germany’s chemical industry association VCI (Frankfurt), employers association BAVC (Wiesbaden), trade union IG BCE, and the federal ministry for economic affairs have concluded...
http://www.chemweek.com/sections/business_finance/europe_mideast/Initiative-launched-to-promote-Germany-as-a-location-for-the-chemical-industry_68302.html
March 4, 2015
Lenzing Group (Lenzing, Austria) says today that it expects consolidated sales to be €1.86 billion ($2.1 billion) in full-year 2014, according to preliminary figures, compared...
http://www.chemweek.com/sections/business_finance/Lenzing-expects-to-report-a-loss-in-2014-but-operating-results-above-expectations_68262.html
March 4, 2015
Evonik Industries has reported today full-year 2014 sales of €12.9 billion ($14.4 billion), compared with €12.7 billion a year ago, or an increase of 2% year-on-year (YOY)...
http://www.chemweek.com/sections/business_finance/Evonik-reports-higher-fourth-quarter-sales-earnings_68258.html
March 2, 2015
A committee of the European Parliament has called, in a draft opinion, for a number of suggestions to be incorporated in a motion supporting Europe’s move towards a circular...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Parliament-calls-for-move-towards-a-circular-economy_68230.html
March 2, 2015
The European Commission has outlined Europe’s vision for the global climate change agreement to be adopted at the climate summit to be held in Paris in December. The commission...
http://www.chemweek.com/sections/business_finance/usa_americas/European-Commission-sets-out-blueprint-for-tackling-climate-change-post-2020_68228.html
March 2, 2015
GFBiochemicals (Milan, Italy), a company that specializes in the research, development, and production of biobased chemicals and fuels, has announced that it is starting...
http://www.chemweek.com/sections/business_finance/europe_mideast/GFBiochemicals-to-start-commercial-production-of-levulinic-acid-this-summer_68225.html
March 2, 2015
ACC today began a communications campaign to highlight recent conclusions from the European Food Safety Authority (EFSA; Parma, Italy) and the US FDA regarding the safety of bisphenol...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-highlights-recent-conclusions-on-BPA-FDA-and-EFSA-assessments-clearly-state-that-BPA-is-safe_68186.html
March 2, 2015
Chemical output in European rose by a paltry 0.3% in 2014, compared with the previous year, according to the latest Cefic Chemicals Trends Report. European chemical sales clawed back...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-chemicals-growth-stagnant-in-2014-Cefic_68187.html
February 27, 2015
The European Union’s emissions trading system (EU ETS) allows businesses to purchase permits for carbon dioxide emissions. The current glut of allowances on the market has caused...
http://www.chemweek.com/sections/business_finance/europe_mideast/Mixed-responses-to-reform-of-European-emissions-trading-system_68185.html
February 27, 2015
Results have been mixed for late-reporting specialty chemical makers as the effects of lower oil works its way through specialties product chains. Chemtura beat estimates despite...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-mixed-firms-expect-solid-2015_68130.html
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