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April 17, 2014
Ashland and Clariant say that they have entered into a definitive agreement to sell their foundry chemicals joint venture, ASK Chemicals (Hilden, Germany), to investment funds affiliated with Rhône, a London- and New York–based private equity investment firm....
http://www.chemweek.com/sections/business_finance/europe_mideast/Ashland-Clariant-sell-foundry-chemicals-JV-to-equity-firm_60394.html
April 17, 2014
Symrise (Holzminden, Germany) has agreed to acquire flavors and nutrition ingredients maker Diana Group (Vannes, France) from private equity firm Ardian (Paris) for €1.3 billion ($1.8 billion). The deal is expected to close in the third quarter....
http://www.chemweek.com/sections/business_finance/europe_mideast/Symrise-buys-flavors-firm-Diana-Group-for-$1-8-billion_60395.html
April 17, 2014
Tessenderlo Group (Brussels) has completed the previously announced sale of its Aliphos feed phosphate business to EcoPhos (Louvain-la-Neuve, Belgium), a technology provider and animal...
http://www.chemweek.com/sections/business_finance/europe_mideast/Tessenderlo-completes-sale-of-feed-phosphate-business_60396.html
April 17, 2014
Axiall (Atlanta, GA) has restarted a Lake Charles, LA, vinyl chloride monomer (VCM) plant, which had been shut down after a fire on 20 December 2013, the company says. Axiall has also...
http://www.chemweek.com/sections/business_finance/usa_americas/Axiall-completes-VCM-repairs-estimates-sharp-drop-in-Q1-Ebitda_60406.html
April 17, 2014
Koppers has agreed to acquire the wood preservation and railroad services businesses of Osmose Holdings (Buffalo, NY) for $460 million. The acquired businesses had revenue of $390...
http://www.chemweek.com/sections/business_finance/usa_americas/Koppers-acquires-wood-treatment-business_60407.html
April 17, 2014
The initial group of US first-quarter specialty chemical earning reports mostly beat analysts’ expectations on higher revenues and volumes. Albemarle and Sensient were both hit...
http://www.chemweek.com/sections/business_finance/usa_americas/Early-specialty-earnings-mostly-beat-estimates_60410.html
April 17, 2014
Air Products will build a 40-million standard cubic feet/day hydrogen production facility to process a hydrogen-rich off-gas stream from a new propane dehydrogenation (PDH) facility...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Products-to-build-hydrogen-plant-at-Enterprise-PDH-unit_60411.html
April 9, 2014
The European Commission has adopted new rules on public support for energy and environmental protection projects. The Environment and Energy State Aid Guidelines (EEAG) will support...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Commission-presents-new-guidelines-on-state-aid-for-energy_60208.html
April 8, 2014
The European Chemicals Agency (ECHA; Helsinki) has called for a total of 30 testing proposals for 21 substances, including nitromethane; 2,4,6-trinitrotoluene; trichloro(propyl)silane...
http://www.chemweek.com/sections/business_finance/europe_mideast/ECHA-requests-testing-proposals-for-21-substances_60180.html
April 8, 2014
Germany has drafted a reform of the renewable energy act (EEG) after months of wrangling. The reform is seen as a success for the country’s industry, which successfully avoided...
http://www.chemweek.com/sections/business_finance/europe_mideast/Germany-drafts-reform-of-renewable-energy-act_60191.html
April 7, 2014
Lenzing (Lenzing, Austria), a leading cellulose fiber producer, has announced the appointment of Thomas Riegler as CFO for a period of three years, effective 1 June. Riegler is...
http://www.chemweek.com/sections/business_finance/europe_mideast/Lenzing-appoints-CFO_60144.html
April 4, 2014
Celanese is exploring plans to construct a 1.3-million m.t./year methanol production unit at its Bishop, TX, site. The company says it is preparing necessary environmental permits for the unit....
http://www.chemweek.com/sections/business_finance/usa_americas/Celanese-eyes-second-US-methanol-plant_60096.html
April 4, 2014
Ineos has announced several milestones in the previously anounced £300-million ($498 million) survival plan for the company’s Grangemouth, UK petrochemical complex....
http://www.chemweek.com/sections/business_finance/europe_mideast/Ineos-closes-Grangemouth-plants-advances-tank-project_60028.html
April 4, 2014
Industrial enterprises in Crimea, until recently part of Ukraine, are expected to improve their competitive advantage through lower natural gas prices, following the transfer of the...
http://www.chemweek.com/sections/business_finance/europe_mideast/Crimeas-chemical-industry-will-benefit-from-cheap-Russian-gas_60029.html
April 4, 2014
The World Trade Organization (WTO; Geneva) has ruled that China’s export restrictions on the key industrial raw materials rare earths, molybdenum, and tungsten violate international trade rules....
http://www.chemweek.com/sections/business_finance/europe_mideast/WTO-says-Chinas-rare-earth-restrictions-violate-trade-rules_60030.html
April 4, 2014
The chemical businesses of Sinopec and PetroChina report weak financial results for 2013. Operating profits for Sinopec’s chemicals segment decreased 26.3% in 2013 compared with...
http://www.chemweek.com/sections/business_finance/asia_pacific/Sinopec-PetroChina-chemical-units-report-lower-earnings_60031.html
April 4, 2014
Ineos says it is taking legal action against Sinopec and Sinopec subsidiaries, including Sinopec Ningbo Engineering Co. (SNEC), for breach of contract and/or misuse of trade secrets...
http://www.chemweek.com/sections/business_finance/asia_pacific/Ineos-sues-Sinopec-over-misuse-of-acrylonitrile-technology_60032.html
April 4, 2014
Recent additions to ethylene glycol (EG) capacity may have kept the world market in rough balance, but serious production issues have limited actual availability, according to Tison...
http://www.chemweek.com/sections/business_finance/usa_americas/Outages-will-push-EO-EG-operating-rates-into-the-red-drive-up-prices_60095.html
April 4, 2014
Conditions supporting shale gas production in the United States are unique, and other countries will not easily replicate them, say Kenneth Medlock III, senior director of the Center...
http://www.chemweek.com/sections/business_finance/usa_americas/AFPM-IPC-Market-legal-issues-slow-shale-outside-of-US_60090.html
April 4, 2014
The chemical industry is as strong, vital, and essential as ever, but it has retreated from the public eye, leaving the stage to newcomers and detractors, says Frank Popoff, former Dow Chemical CEO (1987–95) and company chairman (1992–2000)....
http://www.chemweek.com/sections/business_finance/usa_americas/Former-Dow-CEO-Popoff-counsels-higher-industry-profile_60091.html
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