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January 11, 2013
BASF is investing €30 million ($39 million) to raise its worldwide 1,6-hexanediol (HDO) capacity by 20%, to more than 50,000 m.t./year, by 2014. BASF makes HDO at Freeport, TX...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-investing-&euro30-million-lifting-HDO-capacity-20-percent_48902.html
January 11, 2013
Air Liquide has announced the conclusion of the company’s acquisition of BiotechMarine (Pontrieux, France) by Air Liquide’s health-care subsidiary Seppic. Financial details...
http://www.chemweek.com/sections/business_finance/europe_mideast/Air-Liquide-expands-its-health-care-line-with-BiotechMarine-acquisition_48855.html
January 11, 2013
Al Morished: Coatings industry will benefit. Saudi Kayan (Al Jubail, Saudi Arabia), Sadara Chemical (Al Jubail), and Saudi Acrylic Acid Co. (SAAC; Al Jubail) have signed an agreement...
http://www.chemweek.com/sections/business_finance/europe_mideast/Saudi-firms-create-jv-to-build-worlds-largest-butanol-plant_48856.html
January 11, 2013
Qatar has established a company that will maintain exclusive rights to purchase, market, distribute, and sell all specified regulated chemical and petrochemical products produced in...
http://www.chemweek.com/sections/business_finance/europe_mideast/Qatar-forms-entity-to-market-and-distribute-chemicals_48857.html
January 11, 2013
DIC (Tokyo) says its wholly owned printing inks manufacturing and sales subsidiary DIC Graphics (Jakarta) has acquired the phthalocyanine blue crude and pigments...
http://www.chemweek.com/sections/business_finance/asia_pacific/DIC-acquires-pigments-business-in-Indonesia_48832.html
January 11, 2013
Dow Chemical has restarted the Olefins 2 plant at its St. Charles Operations near Hahnville, LA, and the unit has been producing on-spec ethylene since 25 December. Dow estimates that...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-restarts-idled-ethylene-plant-at-St-Charles-LA_48883.html
January 11, 2013
Triunfo Triumph: Braskem started up the world’s first PE plant based on ethanol-derived ethylene in late 2010. Dow Chemical says it is postponing its Santa Vitória...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-postpones-project-for-green-polyethylene-in-Brazil_48884.html
January 11, 2013
BAKER: An agreement with justice officials is expected this year. Ecolab’s $2.2-billion acquisition of oil-field services firm Champion Technologies is now expected to close by...
http://www.chemweek.com/sections/business_finance/usa_americas/Extended-antitrust-review-delays-Ecolab-Champion-deal_48887.html
January 11, 2013
PPG Industries recently received a favorable private letter ruling from the US Internal Revenue Service (IRS) regarding how the planned merger of its commodity chemicals business into...
http://www.chemweek.com/sections/business_finance/usa_americas/IRS-approves-favorable-tax-treatment-for-PPG-spin-off_48888.html
January 11, 2013
EPA has released for public comment draft risk assessments for five chemicals used in household products—a move that represents a significant step in defining EPA’s approach to...
http://www.chemweek.com/sections/business_finance/usa_americas/EPA-seeks-public-input-on-draft-risk-assessments_48889.html
January 11, 2013
Profit squeeze: Most of the 500 jobs will be lost from Dow Corning’s professional ranks. Dow Corning says it will cut approximately 4% of of its workforce to better align its...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-Corning-cuts-500-jobs-from-professional-ranks_48890.html
January 11, 2013
Air Liquide has acquired Progressive Resources Inc. (PRI; Elk City, OK)—an oil field services company. PRI supplies liquid nitrogen, and cryogenic storage and distribution services...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Liquide-acquires-OK-oil-field-service-company_48891.html
January 11, 2013
American Capital (Bethesda, MD) has reached a deal to acquire Cambridge Major Laboratories (CML; Germantown, WI), a producer of pharmaceutical intermediates and active pharmaceutical...
http://www.chemweek.com/sections/business_finance/usa_americas/Private-equity-firm-acquires-Cambridge-Major-for-$212-million_48892.html
January 11, 2013
Braskem has sold a water treatment affiliate and a majority stake in a waste treatment firm to Odebrecht Environmental (São Paulo) for a combined 652 million reais ($318 million)...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-divests-water-treatment-units-to-Odebrecht-Environmental_48893.html
January 11, 2013
BASF has signed an agreement with Serafin Group (Munich) for the sale by BASF of the Conica Sports Surfaces business together with its site at Schaffhausen, Switzerland, to Serafin...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-divests-Conica-Sports-Surfaces-business-to-Serafin_48885.html
January 11, 2013
Invista says it has acquired a manufacturing facility at Born, Netherlands, previously operated by VSL Born (Born), which focuses on the compounding and recycling of nylon used in...
http://www.chemweek.com/sections/business_finance/europe_mideast/Invista-buys-compounding-site-secures-HMD-project-approval_48886.html
January 11, 2013
Capacity bounce: ExxonMobil's new metallocene elastomers unit in Singapore. ExxonMobil Chemical says it has commenced start-up operations at the company’s 1-million m.t./year...
http://www.chemweek.com/sections/business_finance/asia_pacific/ExxonMobil-commissions-Singapore-petchem-expansion_48830.html
January 11, 2013
Mitsui Chemicals says it decided to not resume production of resorcinol at the company’s Iwakuni-Ohtake production complex at Waki, Japan. Mitsui says that, as a result, it...
http://www.chemweek.com/sections/business_finance/asia_pacific/Accident-forces-Mitsui-Chemicals-to-exit-resorcinol-business_48831.html
January 11, 2013
B renntag has acquired Altivia (Houston), a regional producer and distributor of water treatment additives and commodity chemicals, for $125 million. Altivia’s affiliate Altivia...
http://www.chemweek.com/sections/business_finance/usa_americas/Brenntag-acquires-Houston-water-treatment-distributor_48903.html
January 11, 2013
Seed strength: Monsanto lifts full-year outlook. Monsanto has raised its 2013 earnings outlook as strong corn seed and traits sales and glyphosate pricing helped fiscal first-quarter...
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-lifts-2013-outlook-after-strong-first-quarter_48904.html
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