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January 9, 2015
Monsanto reports a 35% slide in first-quarter profits due to lower corn acres in South America and a shift in timing of herbicide sales but says it continues to expect overall...
http://www.chemweek.com/sections/business_finance/usa_americas/Lower-corn-acres-stunt-Monsantos-first-quarter-results_66673.html
January 9, 2015
Banner Chemicals (Runcorn, UK) says that it has agreed to acquire Stowlin Croftshaw (Leicester, UK), a maker of a complete range of products for metal surface treatment, cleaning, and...
http://www.chemweek.com/sections/business_finance/europe_mideast/Banner-Chemicals-acquires-metals-surface-treatment-firm_66650.html
January 9, 2015
BASF and Gazprom (Moscow) have abandoned plans for an energy asset swap that had been scheduled to be complete at the end of 2014....
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-Gazprom-abandon-energy-asset-swap_66651.html
January 9, 2015
Mitsubishi Chemical Holdings has named Hitoshi Ochi president and CEO, effective 1 April. Mitsubishi Chemical Holdings is the parent of Mitsubishi Chemical. Ochi is currently a member of the Mitsubishi Chemical Holdings board and president and CEO of the Mitsubishi Rayon subsidiary. Ochi will succeed Yoshimitsu Kobayashi, who will become chairman of Mitsubishi Chemical Holdings....
http://www.chemweek.com/sections/business_finance/asia_pacific/Mitsubishi-Chemical-Holdings-names-next-CEO_66633.html
January 9, 2015
R&P (Singapore), a polymer compounding company, says that it has licensed from ExxonMobil Chemical the technology to produce specialty polypropylene (PP) compounds. The compounds...
http://www.chemweek.com/sections/business_finance/asia_pacific/R-and-P-licenses-PP-compounds-technology-from-ExxonMobil_66634.html
January 9, 2015
Israel Chemicals Ltd. (ICL; Tel Aviv) says it will invest up to $500 million for 50% ownership of a joint venture that will operate a fully integrated, world-scale phosphate business...
http://www.chemweek.com/sections/business_finance/asia_pacific/ICL-plans-China-phosphates-JV_66632.html
January 9, 2015
Lubrizol has completed the previously announced acquisition of the US and Canadian operations of Weatherford International’s oilfield chemicals business and Weatherford’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Lubrizol-closes-Weatherford-Warwick-acquisitions_66686.html
January 9, 2015
DuPont and Monsanto have announced that they have agreed to settle and dismiss their respective patent infringement lawsuits pending in the US District Court at St. Louis. The...
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-Monsanto-settle-seeds-patent-litigation_66687.html
January 9, 2015
Statoil (Stavanger, Norway) says it has agreed to sell parts of its stake in the Marcellus Shale gas well to Southwestern Energy (Houston) for $394.0 million. The transaction reduces...
http://www.chemweek.com/sections/business_finance/usa_americas/Statoil-sells-parts-of-Marcellus-holding-to-Southwestern-Energy_66688.html
January 9, 2015
ACC’s monthly chemical activity barometer (CAB), measured on a three-month moving average (3MMA) basis, fell 0.1% in December 2014 following a 0.4% gain in November. The December CAB, however, is up 3.7% year-on-year (YOY)....
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-CAB-dips-in-December-to-moderate-this-year_66702.html
January 9, 2015
Mosaic, a major producer of phosphate and potash fertilizers, is planning to expand its ammonia plant in Louisiana. The company has awarded KBR the license and engineering contracts to...
http://www.chemweek.com/sections/business_finance/usa_americas/Mosaic-plans-to-expand-ammonia-plant-in-Louisiana_66703.html
January 9, 2015
Pacific Ethanol (Sacramento) has signed a definitive merger agreement to acquire Aventine Renewable Energy Holdings (Pekin, IL) for $190.0 million in stock. “This transaction...
http://www.chemweek.com/sections/business_finance/usa_americas/Pacific-Ethanol-buys-rival-in-deal-that-doubles-capacity_66704.html
January 7, 2015
Ministers from 14 European Union member states have made a joint statement in which the European Union is called upon to introduce an “ambitious market stability reserve...
http://www.chemweek.com/sections/business_finance/europe_mideast/Support-grows-for-prompt-reform-of-EU-ETS_66535.html
January 7, 2015
The European Commission today published a range of documents related to the Transatlantic Trade and Investment Partnership (TTIP) that it is currently negotiating with the United...
http://www.chemweek.com/sections/business_finance/usa_americas/EU-Commission-publishes-TTIP-legal-texts-as-part-of-transparency-initiative_66615.html
January 6, 2015
The European Commission says that Slovakia’s intention to provide Duslo (Sal'a, Slovakia) with aid to the value of €58.0 million ($69.1 million) to modernize an ammonia...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Commission-approves-Slovakia-plan-for-$69-million-in-aid-to-modernize-ammonia-plant_66574.html
December 30, 2014
Renewable Energy Group (REG; Ames, IA) says it has completed the acquisition of biodiesel producer Petrotec (Borken, Germany). An REG subsidiary, REG European Holdings, purchased a...
http://www.chemweek.com/sections/business_finance/usa_americas/REG-completes-acquisition-of-Germany-based-biodiesel-firm_66496.html
December 29, 2014
The ninth European Bioplastics Conference took place recently in Brussels, attracting more than 320 participants from 29 countries. “The market is predicted to grow by more than...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Bioplastics-Market-for-bioplastics-to-grow-400-percent-in-2013-18_66478.html
December 19, 2014
Germany’s constitutional court, BVG (Karlsruhe) has declared in a ruling that the exemption rules in the inheritance tax code are in part unconstitutional and has given lawmakers...
http://www.chemweek.com/sections/business_finance/europe_mideast/Mittelstand-Germanys-constitutional-court-declares-inheritance-tax-partly-unconstitutional_66365.html
December 19, 2014
Berkshire Hathaway (Omaha, NE) has acquired Charter Brokerage (New York), a provider of trade services and customs drawback logistics to the oil and chemical industries, from private...
http://www.chemweek.com/sections/business_finance/usa_americas/Berkshire-Hathaway-buys-services-firm-from-Arsenal_66336.html
December 19, 2014
Sherwin-Williams (SW) on 12 December narrowed its full-year adjusted earnings guidance to $8.75–8.80/share compared with $8.70–8.80/share previously. Full-year sales are...
http://www.chemweek.com/sections/business_finance/usa_americas/Sherwin-Williams-narrows-guidance-details-Lowes-deal_66337.html
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