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July 24, 2015
Sensient Technologies (Milwaukee) has reported lower sales and operating income in the second quarter of this year compared with the corresponding period a year ago. Revenue in...
http://www.chemweek.com/sections/business_finance/Sensient-reports-leap-in-adjusted-income-on-lower-sales-in-second-quarter_72415.html
July 24, 2015
Synthetic rubber maker Synthos (Oswiecim, Poland) and Poland’s National Centre for Research and Development (NCBR) say they have signed a joint venture agreement under which they...
http://www.chemweek.com/sections/business_finance/europe_mideast/Synthos-and-Polands-national-R-and-D-center-sign-JV-for-innovation_72418.html
July 23, 2015
Recipharm (Jordbro, Sweden), a contract development and manufacturing organization, says that its net sales in second-quarter 2015 were 868 million Swedish kroner ($101.2 million)...
http://www.chemweek.com/sections/business_finance/Recipahrm-sales-profit-increase-by-double-digits-in-second-quarter-and-first-half_72388.html
July 23, 2015
France’s parliament has adopted a law on energy transition and green growth, which contains a series of legislative proposals aimed at protecting the environment, including...
http://www.chemweek.com/sections/business_finance/europe_mideast/France-proposes-green-measure-including-compostable-plastic-bags_72395.html
July 22, 2015
Evonik Industries has inaugurated a business and innovation center in the area of Richmond, VA. The center will combine R&D, marketing, sales, customer service, and various support...
http://www.chemweek.com/sections/business_finance/usa_americas/Evonik-opens-$15-4-million-business-and-innovation-center-in-Virginia_72351.html
July 20, 2015
Renewable chemicals firm Genomatica (San Diego) has announced that has entered into a collaboration agreement with Cargill to “accelerate the production of renewable chemicals...
http://www.chemweek.com/sections/business_finance/usa_americas/Genomatica-signs-collaboration-agreement-with-Cargill_72311.html
July 20, 2015
GFBiochemicals (Milan) announced at the BIO World Congress on Industrial Biotechnology, at Montreal that it has started commercially producing levulinic acid (4-oxopentanoic acid) at...
http://www.chemweek.com/sections/business_finance/europe_mideast/GFBiochemicals-starts-commercially-producing-levulinic-acid-from-biomass_72307.html
July 17, 2015
Petrobras (Rio de Janeiro) would consider selling its stake in Braskem as a means to build provisions against tax debts nearing 40 billion reais ($12.7 billion), to reduce other debt...
http://www.chemweek.com/sections/business_finance/usa_americas/Petrobras-mulls-divesting-stake-in-Braskem-in-2015-16_72228.html
July 17, 2015
PotashCorp has responded to K+S’s (Kassel, Germany) rejection of PotashCorp’s unsolicited proposal to acquire K+S for €41/share ($44.62), valuing the bid at €7.84 billion (CW, July 6, p. 7)....
http://www.chemweek.com/sections/business_finance/usa_americas/PotashCorp-confident-K+Ss-concerns-can-be-addressed_72229.html
July 17, 2015
Praxair has signed a long-term agreement to purchase crude carbon dioxide (CO2) from Delaware City Refining Co. (Delaware City, DE). Financial terms have not been disclosed. Praxair...
http://www.chemweek.com/sections/business_finance/usa_americas/Praxair-to-build-carbon-dioxide-unit-in-Delaware_72230.html
July 17, 2015
OSHA has placed DuPont in its severe violator enforcement program after inspections that followed a fatal accident last November at the company’s La Porte, TX, site found “serious...
http://www.chemweek.com/sections/business_finance/usa_americas/OSHA-places-DuPont-in-severe-violator-enforcement-program_72242.html
July 17, 2015
Enterprise Products Partners (Houston) plans several projects to increase pipeline capacity for polymer-grade propylene between 2017 and 2020. Enterprise will convert and expand the...
http://www.chemweek.com/sections/business_finance/usa_americas/Enterprise-to-add-PG-propylene-pipeline-capacity_72243.html
July 17, 2015
Stepan has signed a long-term agreement to supply Sun Products’ anionic surfactant requirements for laundry detergents in North America. The agreement is expected to begin this...
http://www.chemweek.com/sections/business_finance/usa_americas/Stepan-signs-surfactant-supply-deal-with-Sun_72244.html
July 17, 2015
Styrene production in North America had been expected to improve after two producers brought their plants back online at the end of June, but with Shell Chemicals declaring an...
http://www.chemweek.com/sections/business_finance/usa_americas/Shell-force-majeure-keeps-North-American-styrene-tight_72262.html
July 17, 2015
The need for chemistry in the semiconductor manufacturing process is increasing as silicon wafers move to smaller and smaller nodes, according to attendees at Semicon West 2015, held 14–16 July in San Francisco....
http://www.chemweek.com/sections/business_finance/usa_americas/Semicon-West-2015-Smaller-chips-demand-more-chemicals_72264.html
July 17, 2015
Bayer CropScience is pushing ahead with two US investments aimed at increasing production of glufosinate ammonium, the active ingredient in Bayer’s herbicide Liberty. A joint project with Evonik will add precursor capacity at Mobile, AL; and a $50-million investment at Muskegon, MI, will expand capacity for the final product....
http://www.chemweek.com/sections/business_finance/usa_americas/Bayer-CropScience-commits-to-glufosinate-expansion-projects_72265.html
July 17, 2015
Cutting costs helped PPG Industries beat analysts’ estimates for its second-quarter results, although restructuring costs and foreign currency translation lowered profits. The...
http://www.chemweek.com/sections/business_finance/usa_americas/PPG-Industries-profit-falls-on-restructuring-costs_72266.html
July 17, 2015
Cabot says in an SEC filing 16 July that it will record a $500-million noncash asset impairment charge in its fiscal quarter ending 30 September. The company cites a recent US Supreme...
http://www.chemweek.com/sections/business_finance/usa_americas/Supreme-Court-ruling-forces-impairment-charge-at-Cabot_72267.html
July 17, 2015
The European Commission has presented legislative proposals to reform the EU Emissions Trading System (ETS). The EU ETS is Europe’s flagship tool for tackling climate change and driving the region toward a low-carbon economy, the commission says....
http://www.chemweek.com/sections/business_finance/europe_mideast/Industry-criticizes-proposed-EU-emissions-trading-reforms_72245.html
July 17, 2015
Ineos held a ship-naming ceremony on 14 July at Qidong, China, near Shanghai, in the latest landmark of the company’s $1-billion project to transport shale gas feedstock from the United States to Europe. The...
http://www.chemweek.com/sections/business_finance/europe_mideast/Ineos-names-vessels-built-to-ship-ethane-from-US-to-Europe_72197.html
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