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May 16, 2014
The European Commission says that emissions of greenhouse gases (GHG) from installations participating in the European Union Emissions Trading System (EU ETS) are estimated to have...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-emissions-trading-lower-emissions-in-2013-but-still-a-surplus-of-allowances_61106.html
May 16, 2014
Lenzing (Lenzing, Austria) says that sales in first-quarter 2014 were €451.7 million ($618.8 million), compared with €496.5 million in the corresponding quarter a year ago, a...
http://www.chemweek.com/sections/business_finance/europe_mideast/Lenzing-says-difficult-market-in-first-quarter-sales-fall-9-percent-Ebitda-plunges-30-percent_61102.html
May 16, 2014
The Industrial Biotech Research and Innovation Platforms Centre (BIO-TIC) has published three major road maps addressing hurdles to innovation that hinder full exploitation of...
http://www.chemweek.com/sections/business_finance/europe_mideast/BIO-TIC-launches-three-major-biotech-road-maps_60687.html
May 15, 2014
Evonik Industries says it has set new long-term environmental targets, details of which are published in the company’s Sustainability Report 2013. Evonik plans to reduce its...
http://www.chemweek.com/sections/business_finance/europe_mideast/Evonik-publishes-sustainability-report-sets-environmental-targets-for-2020_61086.html
May 15, 2014
The European Chemicals Agency (ECHA; Helsinki) says it has opened a public consultation on alternatives to hexabromocyclododecane (HBCDD). The agency says 13 coapplicants have...
http://www.chemweek.com/sections/business_finance/europe_mideast/ECHA-opens-public-consultation-on-alternatives-to-HBCDD_61079.html
May 15, 2014
Symrise (Holzminden, Germany) says it has increased its capital from authorized capital by about €400 million ($548 million) by placing 11,150,000 new shares with institutional...
http://www.chemweek.com/sections/business_finance/europe_mideast/Symrise-generates-$548-million-from-capital-increase_61077.html
May 9, 2014
Specialty earnings were mixed, since most companies report rising revenues, but one-time charges and bad winter weather took a bite out of earnings. Ecolab and FMC have matched...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-mixed-despite-sales-increases_60931.html
May 9, 2014
North American commodity producers have posted first-quarter results that reflect the continued benefit of shale-advantaged feedstocks, somewhat muted by the harsh winter. “In...
http://www.chemweek.com/sections/business_finance/usa_americas/Commodity-earnings-buoyed-by-shale-advantaged-feeds_60933.html
May 9, 2014
Lanxess has launched a process to realign itself following a major downturn in some of the markets it serves....
http://www.chemweek.com/sections/business_finance/europe_mideast/Lanxess-begins-realigment-under-new-CEO-raises-capital_60929.html
May 9, 2014
AkzoNobel has officially inaugurated a membrane-process chlorine plant at the Höchst, Germany, industrial park, near Frankfurt. Management, employees, customers, and politicians attended the inauguration ceremony on 6 May....
http://www.chemweek.com/sections/business_finance/europe_mideast/AkzoNobel-inaugurates-chlor-alkali-unit-in-Germany-CEO-confirms-targets_60907.html
May 9, 2014
Merck KGaA (Darmstadt, Germany) says that it has completed the acquisition of AZ Electronic Materials, creating a leading products and services provider in the premium segment of high-tech materials and functional specialty chemicals....
http://www.chemweek.com/sections/business_finance/europe_mideast/Merck-KGaA-closes-AZ-deal-expects-integration-by-year-end_60908.html
May 9, 2014
Activist hedge fund Third Point, led by investor Daniel Loeb, has called on Dow Chemical to provide greater detail on its petrochemical operations, arguing that the segment is “underearning” by at least $2.5 billion/year....
http://www.chemweek.com/sections/business_finance/usa_americas/Third-Point-sharpens-criticism-of-Dows-petchem-strategy_60917.html
May 9, 2014
Nova Chemicals CEO Randy Woelfel has left the company after failing to reach agreement on a contract extension, a company official says. Nova has named CFO Todd Karran as acting CEO and has started the search for a permanent replacement. The search will include both internal and external candidates, Nova says....
http://www.chemweek.com/sections/business_finance/usa_americas/Nova-Chemicals-CEO-exits-after-failing-to-agree-on-contract_60918.html
May 9, 2014
Westlake Chemical has announced plans to carve out its ethylene assets into a tax-advantaged, separately traded master limited partnership (MLP), according to regulatory filings. The...
http://www.chemweek.com/sections/business_finance/usa_americas/Westlake-to-place-ethylene-assets-in-limited-partnership_60919.html
May 9, 2014
Dow Chemical said on 30 April that ethylene supply from its Plaquemine, LA, facility will be curtailed for three to four weeks, and benzene supply for more than five weeks. Two...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-Plaquemine-ethylene-supply-curtailed-for-34-weeks_60920.html
May 9, 2014
Invista and Solvay announced late in April that they have signed a settlement resolving disputes related to adiponitrile (ADN) intellectual property and technology used in Butachimie...
http://www.chemweek.com/sections/business_finance/usa_americas/Invista-and-Solvay-settle-ADN-joint-venture-dispute_60926.html
May 9, 2014
BASF is considering constructing a world-scale methane-to-propylene plant on the US Gulf Coast. BASF says it would be the sole owner of the plant, which would support the expansion of...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-mulls-methane-to-propylene-plant-on-US-Gulf_60927.html
May 9, 2014
BioAmber (Montreal) has signed its first take-or-pay contract for biosuccinic acid, the company says. The company will be the principal supplier of biobased succinic acid to PTT MCC...
http://www.chemweek.com/sections/business_finance/usa_americas/BioAmber-signs-contract-for-biobased-succinic-acid_60928.html
May 9, 2014
The chemical businesses of Sinopec and PetroChina each reports a loss for the first quarter. Sinopec’s chemicals segment posted an operating loss of 1.34 billion renminbi ($215...
http://www.chemweek.com/sections/business_finance/asia_pacific/Sinopec-PetroChina-chemical-units-report-losses-in-first-quarter_60879.html
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