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January 19, 2015
Crude oil prices have not been low for long enough to curtail chemical production growth in the United States, IHS Chemical says. Brent crude and West Texas Intermediate (WTI) prices...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemical-industry-to-reap-benefits-of-lower-oil-prices_66874.html
January 19, 2015
PPG Industries on 15 January reported fourth-quarter net income from continuing operations of $86.0 million, or 62 cts/share, down 64% year-on-year (YOY), on sales up 6.0%, to $3.71 billion....
http://www.chemweek.com/sections/business_finance/usa_americas/PPG-beats-estimates-but-earnings-decline-on-charges_66892.html
January 16, 2015
Germany’s chemical trade association VCI (Frankfurt) says it welcomes the public debate on investor protection during a plenary debate on the topic in Germany’s parliament...
http://www.chemweek.com/sections/business_finance/usa_americas/VCI-Excluding-ISDS-from-TTIP-would-be-totally-wrong_66942.html
January 16, 2015
Two surprises greeted US Gulf Coast ethylene buyers returning from New Year’s holidays: a maintenance shutdown at Chevron Phillips Chemical’s (CPChem) Cedar Bayou complex...
http://www.chemweek.com/sections/business_finance/usa_americas/US-ethylene-prices-drop-on-rumors-of-problems-in-Evangeline-pipeline_66875.html
January 16, 2015
DSM says that it has reached agreement with Cathay Investments (Sutton, UK) for the sale of DSM’s Euroresins business. Euroresins distributes products to the composite resins...
http://www.chemweek.com/sections/business_finance/europe_mideast/DSM-to-sell-resins-distribution-business-to-UK-firm_66870.html
January 16, 2015
Indorama Ventures (Bangkok) made two announcements in January related to the company’s polyethylene terephthalate (PET) business in Turkey....
http://www.chemweek.com/sections/business_finance/europe_mideast/Indorama-buys-PET-plant-in-Turkey-abandons-separate-PET-acquisition_66871.html
January 16, 2015
Qatar Petroleum (QP) and Shell say they have decided not to proceed with the proposed Al Karaana petrochemicals project in Qatar and that they have stopped further work on the project...
http://www.chemweek.com/sections/business_finance/europe_mideast/Qatar-Petroleum-Shell-scrap-$6-5-billion-petchems-project_66872.html
January 16, 2015
The United States could increase the level of renewable energy in its overall energy mix from 7.5% in 2010 to 27% by 2030, according to a report published by the International...
http://www.chemweek.com/sections/business_finance/usa_americas/Report-US-could-triple-renewable-energy-by-2030_66876.html
January 16, 2015
Mitsui & Co. and Kuala Lumpur Kepong (KLK; Ipoh, Malaysia), a company specialized in palm plantation and oleochemicals, say that they have entered into an agreement under which Mitsui will invest in the oleochemical business KLK operates in China. Mitsui will invest $44.0 million in the business and has signed an agreement to acquire a 20% stake in KLK’s wholly owned subsidiary KLK Premier Capital Ltd. (KLKPCL)....
http://www.chemweek.com/sections/business_finance/asia_pacific/Mitsui-and-Co-to-invest-in-KLKs-oleochemicals-unit-in-China_66835.html
January 16, 2015
Toray Industries and its wholly owned subsidiary Toray Advanced Materials Korea (TAK; Seoul) will expand high-performance polypropylene (PP) spunbond production capacity at the Toray...
http://www.chemweek.com/sections/business_finance/asia_pacific/Toray-to-expand-polypropylene-spunbond-capacity-in-Indonesia_66836.html
January 16, 2015
China has canceled its system of quotas that restrict exports of rare earths, to comply with a World Trade Organization (WTO; Geneva) ruling, press reports say. WTO, in August 2014...
http://www.chemweek.com/sections/business_finance/asia_pacific/China-ends-rare-earth-export-quotas_66837.html
January 16, 2015
Nippon Shokubai says that, at the end of 2014, the company stopped manufacturing operations at its production site at Suita, Japan. Nippon Shokubai plans to construct an R&D...
http://www.chemweek.com/sections/business_finance/asia_pacific/Nippon-Shokubai-closes-Suita-plant-to-build-R-and-D-facility_66838.html
January 16, 2015
Braskem says that it has improved the efficiency of naphtha usage at the company’s petrochemical complex at Triunfo, Brazil. The improvement was made at the site’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-boosts-efficiency-at-Brazil-site_66891.html
January 16, 2015
Albemarle on 12 January completed the $6.20-billion acquisition of Rockwood Holdings, which was announced in July 2014. Rockwood will become a wholly owned subsidiary of Albemarle, and...
http://www.chemweek.com/sections/business_finance/usa_americas/Albemarle-completes-$6-2-billion-Rockwood-acquisition_66893.html
January 16, 2015
The Obama Administration has announced a goal to cut emissions of methane from the oil and gas sector by 40–45% by 2025 compared with the levels in 2012. Methane is a potent...
http://www.chemweek.com/sections/business_finance/usa_americas/Obama-aims-to-cut-methane-emissions-from-oil-sector-by-4045-percent_66894.html
January 16, 2015
The Obama Administration has selected Dow Chemical, in partnership with its joint venture DowAksa (Istanbul), and a consortium of composites-related businesses, academic leaders, and government organizations, to establish the Institute for Advanced Composites Manufacturing Innovation (Iacmi) at Knoxville, TN, Dow says....
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-to-establish-advanced-composites-institute_66895.html
January 16, 2015
Arsenal Capital’s Royal Adhesives (South Bend, IN) has purchased the assets of Advanced Polymers International (API; Syracuse, NY) from Paper Conversions (Syracuse) for an...
http://www.chemweek.com/sections/business_finance/usa_americas/Arsenal-Capitals-Royal-buys-label-adhesive-maker_66896.html
January 16, 2015
Influential international shareholders have expressed their support for the management of Sika (Baar, Switzerland) in its battle to thwart a $2.78-billion bid from Saint-Gobain (Courbevoie, France) to gain control of Sika....
http://www.chemweek.com/sections/business_finance/europe_mideast/More-Sika-shareholders-reject-Saint-Gobain-bid-for-control_66908.html
January 15, 2015
The Obama administration has announced a goal to cut emissions of methane from the oil and gas sector by 40–45% by 2025, compared with the levels in 2012. Methane is a potent...
http://www.chemweek.com/sections/business_finance/usa_americas/Obama-administration-aims-to-cut-methane-emissions-from-oil-and-gas-sector-by-40-45-percent_66847.html
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