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May 8, 2015
Leading Europe-based chemical companies started 2015 solidly, achieving big increases in first-quarter sales and, in some cases, strong growth in earnings. The weaker euro, which makes...
http://www.chemweek.com/sections/business_finance/europe_mideast/Weaker-euro-boosts-leading-companies-revenue_70146.html
May 8, 2015
The Biotechnology Industry Organization (BIO; Washington) says that it welcomes the European Commission’s recent decision to approve several genetically modified organisms (GMOs) for...
http://www.chemweek.com/sections/business_finance/europe_mideast/BIO-welcomes-European-Commissions-GMO-approvals_70206.html
May 8, 2015
Saudi Aramco has confirmed that Khalid Al Falih has been appointed chairman and has named Amin Nasser as acting president and CEO. Nasser is a member of the board of Aramco, the world’s largest oil producer, and has held the position of senior v.p./upstream since 2008....
http://www.chemweek.com/sections/business_finance/europe_mideast/Aramco-names-new-CEO-to-be-separated-from-oil-ministry_70207.html
May 8, 2015
AkzoNobel has finalized the €153-million ($170.4 million) divestment of its global paper chemicals business to Kemira. The deal was first announced in July 2014. The acquired...
http://www.chemweek.com/sections/business_finance/europe_mideast/AkzoNobel-completes-sale-of-paper-chemicals-to-Kemira_70208.html
May 8, 2015
The chemical businesses of Sinopec and PetroChina each reports improved financial results for the first quarter of 2015. Sinopec’s chemicals business swung to a profit, and...
http://www.chemweek.com/sections/business_finance/asia_pacific/Sinopec-PetroChina-chemical-units-report-improved-results_70147.html
May 8, 2015
Celanese says that it has begun constructing a vinyl acetate ethylene (VAE) emulsions production plant at the company’s acetyls facility at Jurong Island, Singapore....
http://www.chemweek.com/sections/business_finance/asia_pacific/Celanese-chooses-Singapore-for-VAE-emulsions-project_70148.html
May 8, 2015
first-quarter chemical earnings of North American oil companies reflect weaker US margins in the petrochemicals market. ExxonMobil reports first-quarter earnings for its chemical...
http://www.chemweek.com/sections/business_finance/usa_americas/Oil-companies-report-mixed-first-quarter-chemical-earnings_70231.html
May 8, 2015
BASF says that Wayne Smith is the new chairman and CEO of its North American subsidiary, effective 1 May....
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-appoints-CEONorth-America_70232.html
May 8, 2015
PQ has named George Biltz president and CEO, effective 1 May. Biltz succeeds Michael Boyce, who will continue to serve as PQ chairman. PQ is a leading producer of silicates, specialty...
http://www.chemweek.com/sections/business_finance/usa_americas/PQ-confirms-new-CEO-former-CEO-remains-chair_70233.html
May 8, 2015
First-quarter specialty chemical results largely withstood negative currency impacts, with many companies reporting higher earnings despite lower sales. Solid results in Ecolab’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-hold-up-despite-currency-impacts_70234.html
May 8, 2015
Cargill has acquired the fermentation-based processes and systems of OPX Biotechnologies (OPXBio; Boulder, CO), an industrial biotechnology firm that had been working on a biobased...
http://www.chemweek.com/sections/business_finance/usa_americas/Cargill-acquires-OPX-Biotechnologies_70235.html
May 8, 2015
Westlake Chemical Partners (Westlake Partners; Houston) acquired approximately 2.7% of additional limited partner interest in Westlake Chemical OpCo (OpCo) for approximately $135 million. The...
http://www.chemweek.com/sections/business_finance/usa_americas/Westlake-Partners-ups-interest-in-cracker-pipeline-affiliate_70236.html
May 8, 2015
Market sources have said this week that competitive propane and butane steam cracking economics and high propylene inventory levels opposite strengthening crude oil prices were leading...
http://www.chemweek.com/sections/business_finance/usa_americas/Mixed-fundamentals-a-factor-ahead-of-May-propylene-contract-settlement_70193.html
May 8, 2015
Dow Chemical's Taft, LA, no. 1 ethylene unit is expected to come back online by next week, according to market participants. The no.1 ethylene unit went down in late March for planned...
http://www.chemweek.com/sections/business_finance/usa_americas/Dows-Louisiana-ethylene-unit-still-set-for-early-May-restart_70192.html
May 8, 2015
The no. 2 steam cracker of Total's Antwerp olefins subsidiary has restarted, the company has confirmed. The no. 2 Antwerp cracker had a leak on 25 April as a result of a mechanical...
http://www.chemweek.com/sections/business_finance/europe_mideast/Total-confirms-restart-of-Antwerp-NC2-cracker_70181.html
May 7, 2015
Growth and competitiveness in Germany’s chemical industry depend closely on the potential represented by motivated and well-qualified employees, says chemical industry...
http://www.chemweek.com/sections/business_finance/europe_mideast/Germanys-chemical-industry-employers-association-calls-for-shortage-of-skilled-workers-to-be-addressed_70180.html
May 7, 2015
At the start of a consultation in Germany’s parliament and upper chamber on the question of fracking, the country’s chemical industry trade association VCI (Frankfurt) has...
http://www.chemweek.com/sections/business_finance/europe_mideast/VCI-calls-for-clear-guidelines-for-natural-gas-production-calls-for-use-of-fracking-technology_70165.html
May 6, 2015
Evonik Industries says today it started 2015 with a “strong performance,” generating one of its best quarterly results since 2009 on strong performance in the nutrition and...
http://www.chemweek.com/sections/business_finance/Evonik-reports-54-percent-increase-in-net-income_70115.html
May 5, 2015
Grupa Azoty (Tarnów, Poland) has announced the introduction of Oxoviflex, which it says is Poland's first non-phthalate plasticizer. The unit was built at a cost of over 40...
http://www.chemweek.com/sections/business_finance/europe_mideast/Grupa-Azoty-introduces-non-phthalate-plasticizer_70085.html
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