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February 20, 2015
OCI (Amsterdam) has announced that it has formally commenced proceedings to demerge the company’s engineering and construction business from its fertilizer and chemicals...
http://www.chemweek.com/sections/business_finance/europe_mideast/OCI-details-demerger-of-fertilizers-from-construction-operations_67918.html
February 20, 2015
Specialty chemical earnings are once again mixed, with solid growth in some markets and softness in others. International Flavors & Fragrances (IFF) reports solid results across...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialties-earnings-vary-by-end-market_67951.html
February 20, 2015
The immediate effect of declining crude oil prices on the petrochemical market has been destocking and a pause in investment, but in the longer term demand will surge past earlier...
http://www.chemweek.com/sections/business_finance/usa_americas/Petchems-to-surge-tighten-after-near-term-weakness-on-oil_67952.html
February 20, 2015
Quinpario Acquisition 2, the new blank-check fund formed by former Solutia CEO Jeffry Quinn, is eyeing Arsenal Capital’s Royal Adhesives & Sealants (South Bend, IN), in a...
http://www.chemweek.com/sections/business_finance/usa_americas/Report-Firm-eyeing-Royal-Adhesives_67953.html
February 20, 2015
The United Steelworkers (USW; Pittsburgh) union and Royal Dutch Shell restarted negotiations 18 February regarding a new three-year labor contract agreement. USW is still seeking...
http://www.chemweek.com/sections/business_finance/usa_americas/Strike-continues-as-USW-extends-action-to-two-BP-refinery-sites_67954.html
February 20, 2015
Recent commodity earnings reports reflect a difficult fourth quarter, but the companies present an optimistic outlook for 2015. Huntsman swung to a loss on lower earnings from the...
http://www.chemweek.com/sections/business_finance/usa_americas/Commodity-firms-still-optimistic-despite-difficult-fourth-quarter_67950.html
February 20, 2015
Yara International and BASF have given final approvals to build a previously announced; 750,000-m.t./year ammonia plant at BASF’s site at Freeport, TX. The companies first announced plans for the project in October 2013. The plant is expected to be completed by the end of 2017. Total capital investment for the plant is estimated at $600.0 million....
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-Yara-confirm-ammonia-plans-Praxair-to-supply-H2_67959.html
February 20, 2015
Air Liquide intends to build a $170.0-million air separation unit (ASU) that will supply Shandong Yuhuang Chemical’s (Heze City, China) planned, world-scale methanol project in St...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Liquide-plans-$170-million-ASU-for-methanol-project_67960.html
February 20, 2015
Fourth-quarter results for fertilizer producers Mosaic and CF Industries fell at opposite ends of the spectrum, but both are anticipating strong demand during the spring planting...
http://www.chemweek.com/sections/business_finance/usa_americas/Mosaic-fourth-quarter-profits-more-than-double-CF-results-slip_67961.html
February 19, 2015
Industrial labor costs are a decisive factor in the global marketplace. The hourly labor cost in the west German chemical industry in 2013 was €53.16 ($60.50), so that it...
http://www.chemweek.com/sections/business_finance/europe_mideast/Employers-association-bemoans-high-labor-costs-in-Germanys-chemical-industry_67902.html
February 19, 2015
The winners of a £20-million ($31 million) competition to bring innovative biotechnology projects to market have been announced this week. A total of 23 projects, ranging from...
http://www.chemweek.com/sections/business_finance/europe_mideast/Winners-of-$31-million-UK-industrial-biotechnology-competition-announced_67886.html
February 18, 2015
The use of renewable energy resources is successfully driving down carbon emissions in Europe, according to a report published by the European Environment Agency (EEA; Copenhagen). EU...
http://www.chemweek.com/sections/business_finance/europe_mideast/EEA-report-Increasing-use-of-renewable-energy-results-in-falling-carbon-emissions-in-Europe_67856.html
February 17, 2015
Bio-on and Eridania Sadam, both headquartered at Bologna, Italy, have announced that they will work together on defining and optimizing the production of levulinic acid (4-oxopentanoic...
http://www.chemweek.com/sections/business_finance/europe_mideast/Italian-companies-to-collaborate-in-green-production-of-levulinic-acid_67833.html
February 16, 2015
The International Renewable Energy Agency (Irena; United Arab Emirates) says that renewable energy can fuel India’s economic growth, and that the country “boasts some of...
http://www.chemweek.com/sections/business_finance/asia_pacific/Irena-renewable-energy-can-fuel-Indias-economic-growth_67812.html
February 13, 2015
The Scottish Industrial Biotechnology Development Group (SIBDG), supported by Scottish Enterprise (Glasgow), has released the Biorefinery Roadmap for Scotland. The document sets out...
http://www.chemweek.com/sections/business_finance/europe_mideast/Scotland-publishes-plans-for-biorefineries-through-2025_67776.html
February 12, 2015
Composite materials supplier Gurit (Zurich) today announced that it plans to cut 80–90 jobs at its facility in Newport (Isle of Wight, UK). The jobs will be eliminated during...
http://www.chemweek.com/sections/business_finance/europe_mideast/Gurit-to-cut-80-90-jobs-in-UK-invests-$6-5-million-in-Hungary-forms-composite-materials-business-unit_67756.html
February 11, 2015
Kemira (Helsinki) has today announced results for fourth-quarter and full-year 2014. The company says that revenue “remained stable” at €547.1 million ($619.4 million)...
http://www.chemweek.com/sections/business_finance/Kemira-reports-growth-improved-profitability_67682.html
February 10, 2015
The British Coatings Federation (BCF; Leatherhead, UK), the Metal Packaging Manufacturers Association (Wokingham, UK), the Food and Drink Federation (London), and the British Plastics...
http://www.chemweek.com/sections/business_finance/europe_mideast/British-industry-associations-call-for-action-on-restriction-of-BPA-use-in-France_67689.html
February 10, 2015
Paints and coatings company Tikkurila (Helsinki) says its revenue in fourth-quarter 2014 was €104.4 million ($118.0 million), a drop of 11% compared with sales of €116.7...
http://www.chemweek.com/sections/business_finance/Tikkurila-reports-fall-in-sales-and-profit-in-fourth-quarter-and-full-year-2014_67678.html
February 6, 2015
Sensient Technologies (Milwaukee) has announced adjusted operating income of $48.0 million in fourth-quarter 2014 compared with $44.6 million for the year-ago period, an increase of...
http://www.chemweek.com/sections/business_finance/usa_americas/Sensient-Technologies-reports-increases-in-operating-income_67605.html
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