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January 17, 2014
Oman Oil Co., which is owned by the government of Oman, says it has completed the previously announced acquisition of Oxea (Oberhausen, Germany) from private equity owner Advent...
http://www.chemweek.com/sections/business_finance/europe_mideast/Oman-Oil-completes-acquisition-of-Oxea_58034.html
January 17, 2014
Total says that it has acquired a 40% interest in two shale gas exploration licenses in the United Kingdom, making the company the first energy major to enter shale gas licenses in the country....
http://www.chemweek.com/sections/business_finance/europe_mideast/Total-to-drill-for-shale-gas-in-UK-after-incentives-widen_58035.html
January 17, 2014
Arkema says that it will construct an organic peroxide plant at the company’s Changshu, China, manufacturing complex....
http://www.chemweek.com/sections/business_finance/asia_pacific/Arkema-to-double-organic-peroxide-capacity-in-China_58011.html
January 17, 2014
Inner Mongolia Baotou Steel Rare-Earth Hi-Tech (Baotou, China), China’s largest producer of rare earths, has acquired nine rare earth mining companies in Inner Mongolia, an...
http://www.chemweek.com/sections/business_finance/asia_pacific/Chinas-largest-rare-earth-producer-acquires-nine-rare-earth-mining-firms_58012.html
January 17, 2014
LG Chem (Seoul), South Korea’s largest chemical company, says that it will invest 320 billion South Korean won ($302 million), to increase production capacity for acrylic acid at...
http://www.chemweek.com/sections/business_finance/asia_pacific/LG-Chem-invests-more-than-$300-million-to-up-acrylic-acid-capacity_58013.html
January 17, 2014
Sika (Baar, Switzerland) says it has acquired the remaining 24.5% stake in Dyflex (Tokyo), gaining 100% ownership of that company. Dyflex, which was founded in 1964, is a market leader...
http://www.chemweek.com/sections/business_finance/asia_pacific/Sika-acquires-remaining-stake-in-Japanese-company_58014.html
January 15, 2014
AkzoNobel says that its full-year 2013 operating income before incidental items is unlikely to exceed the €908 million ($1.2 billion) reported in 2012. This has been AkzoNobel's...
http://www.chemweek.com/sections/business_finance/europe_mideast/AkzoNobel-Economic-environment-still-challenging-maintains-2013-operating-income-forecast_57799.html
January 15, 2014
The European Food Safety Authority (EFSA; Parma, Italy) has launched an open consultation on the draft scientific opinion on dietary reference values for iodine, at the request of the...
http://www.chemweek.com/sections/business_finance/europe_mideast/EFSA-opens-public-consultation-on-dietary-reference-values-for-iodine_57978.html
January 15, 2014
The European Chemicals Agency (ECHA; Helsinki) says that it has met its target for examining dossiers for the first registration period under the European Union's Registration...
http://www.chemweek.com/sections/business_finance/europe_mideast/ECHA-meets-5-percent-compliance-check-target-under-Reach-69-percent-of-evaluated-dossiers-noncompliant_57968.html
January 14, 2014
Sika (Baar, Switzerland) says its 2013 sales were 5.14 billion Swiss francs ($5.7 billion), compared with SF4.83 billion in 2012, an increase of 9.4% in local currencies. The company...
http://www.chemweek.com/sections/business_finance/europe_mideast/Sika-reports-2013-sales-of-$5-7-billion-up-9-4-percent_57953.html
January 10, 2014
Berkshire Hathaway has agreed to acquire the pipeline flow-improver chemicals business of Phillips 66, Phillips Specialty Products Inc. (PSPI), for roughly $1 billion....
http://www.chemweek.com/sections/business_finance/usa_americas/Berkshire-to-acquire-Phillips-pipeline-chemicals-business_57880.html
January 10, 2014
W.R. Grace has reached a deal to settle the final appeal pending in its nearly 13-year-old Chapter 11 proceedings, clearing the way for the company to emerge from bankruptcy protection...
http://www.chemweek.com/sections/business_finance/usa_americas/W-R-Grace-settles-final-bankruptcy-appeal_57890.html
January 10, 2014
Amyris (Emeryville, CA), a renewable chemicals and fuels company, announced in December 2013 that it would sell senior convertible promissory notes in a private placement for $28 million in cash proceeds....
http://www.chemweek.com/sections/business_finance/usa_americas/Amyris-hits-fund-raising-milestone-raises-$28-million_57888.html
January 10, 2014
Chemtura has closed on the sale of its pool chemicals business to KIK Custom Products (Toronto). The final $300-million purchase price is $15 million less than when the deal was...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemtura-closes-pool-chemicals-divestiture_57889.html
January 10, 2014
Sika (Baar, Switzerland) says it has agreed to acquire LCS Optiroc (Singapore), a leading manufacturer of cementitious powder products, including business operations in Malaysia...
http://www.chemweek.com/sections/business_finance/asia_pacific/Sika-to-acquire-manufacturer-of-cementitious-powder-products_57832.html
January 10, 2014
BASF says it will build a compounding plant at Yesan, South Korea, for the company’s engineering plastics Ultramid and Ultradur. Construction is expected to begin by mid-2014, and the plant will become operational by the end of 2015....
http://www.chemweek.com/sections/business_finance/asia_pacific/BASF-to-build-engineering-plastics-compounding-plant-in-South-Korea_57833.html
January 10, 2014
Sinopec Engineering and Zhong Tian He Chuang Energy have entered into an engineering, procurement, and construction (EPC) contract for the development of a coal-to-chemicals project in...
http://www.chemweek.com/sections/business_finance/asia_pacific/Sinopec-Engineering-bags-coal-to-chemicals-contract_57834.html
January 10, 2014
Axiall has chosen Louisiana as the location for a possible world-scale ethylene plant and associated derivatives complex. Axiall says it expects the capital investment to total $3 billion, with the company putting up $1 billion, and that a “soon-to-be-named” partner will contribute $2 billion....
http://www.chemweek.com/sections/business_finance/usa_americas/Axiall-chooses-Louisiana-for-$3-billion-cracker-project_57882.html
January 10, 2014
An Illinois judge has ordered Blue Island Phenol to remain off-line until it has determined the cause of an explosion that injured two workers at the company’s facility at Alsip, IL...
http://www.chemweek.com/sections/business_finance/usa_americas/Blue-Island-Phenol-ordered-to-remain-off-line-after-explosion_57883.html
January 10, 2014
Shell Chemical has extended an option to buy a Monaca, PA, industrial site it has been evaluating for a potential world-scale ethane cracker since March 2012, according to a statement...
http://www.chemweek.com/sections/business_finance/usa_americas/Shell-extends-option-on-proposed-Pennsylvania-cracker-site_57884.html
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