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September 26, 2014
CCMP Capital Advisors (CCMP; New York) has reached a deal to acquire a 47% stake in silica and catalyst maker PQ from Carlyle Group (Washington). CCMP sold PQ to Carlyle for $1.5...
http://www.chemweek.com/sections/business_finance/usa_americas/CCMP-returns-to-acquire-47-percent-stake-in-PQ-from-Carlyle_64056.html
September 26, 2014
Chemical industry M&A values and volumes remain solid, with activity expected to rise in the second half, according to Young and Partners (New York). The total value of chemical M&A transactions above $25 million during first-half of 2014 stands at $15 billion, with 37 deals completed, says Peter Young, Young & Partners president....
http://www.chemweek.com/sections/business_finance/usa_americas/Chemical-M-and-A-solid-in-first-half-expected-to-rise_64057.html
September 26, 2014
Air Products will reorganize around seven segments and sharpen its focus on its core industrial gas operations under a plan announced earlier this month by new chairman and CEO Seifi...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Products-realignment-sharpens-focus-on-gases_64059.html
September 26, 2014
The US Department of Agriculture (USDA) has approved Dow Chemical’s Enlist corn and soybean traits in the United States after “one of the most thorough reviews of a biotech...
http://www.chemweek.com/sections/business_finance/usa_americas/Dows-Enlist-trait-gains-approval_64060.html
September 26, 2014
Linde says that it will expand hydrogen supply to Husky Energy’s Lima, OH, refinery. Linde will build, own, and operate an additional steam methane reforming hydrogen unit for...
http://www.chemweek.com/sections/business_finance/usa_americas/Linde-to-expand-hydrogen-capacity-at-Ohio-refinery_64061.html
September 17, 2014
Brenntag says it has signed an agreement to acquire the specialty chemicals distribution business of Pioma Chemicals (Mumbai), a leading distributor of specialty excipients and functional ingredients to the pharmaceutical, personal-care, and food industries across India....
http://www.chemweek.com/sections/business_finance/asia_pacific/Brenntag-acquires-specialties-distribution-business-in-India_63708.html
September 17, 2014
Solvay has reached a deal to acquire the polyphenylene sulfide (PPS) business of Chevron Phillips Chemical (CPChem) for $220 million. Solvay will acquire two Ryton PPS resin manufacturing units at Borger, TX; its pilot plant and PPS R&D assets at Bartlesville, OK; a compounding plant at Kallo-Beveren, Belgium; and certain intellectual property relating to the PPS business. CPChem’s compounding unit at La Porte, TX, will remain part of CPChem and will provide temporary tolling services to Solvay....
http://www.chemweek.com/sections/business_finance/usa_americas/Solvay-to-acquire-CPChems-PPS-assets-for-$220-million_63704.html
September 17, 2014
The board of directors of Israel Chemicals Ltd. (ICL; Tel Aviv) has instructed the management of Bromine Compounds Co. to develop and implement a plan to improve the profitability of...
http://www.chemweek.com/sections/business_finance/europe_mideast/-reviews-bromine-operations-to-close-magnesium-plant_63723.html
September 15, 2014
Great Lakes Dredge & Dock (Oak Brook, IL) has been awarded a contract worth over $30 million to widen the entrance and jetty channels of the Freeport Ship Channel, near Freeport...
http://www.chemweek.com/sections/business_finance/usa_americas/Dredging-firm-to-widen-Freeport-Ship-Channel_63705.html
September 15, 2014
Bayer CropScience (BCS), the world’s second-largest agricultural chemicals player, has outlined targets and given details of projects that it is working on....
http://www.chemweek.com/sections/business_finance/usa_americas/Bayer-CropScience-outlines-targets-bets-on-biologics_63706.html
September 15, 2014
Braskem has joined Michelin and biobased farnesene maker Amyris (Emeryville, CA) in their efforts to develop a low-cost process to produce isoprene from renewable raw materials, Amyris...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-joins-renewable-isoprene-collaboration_63737.html
September 15, 2014
POET-DSM Advanced Biofuels (Sioux Falls, SD), a joint venture between Royal DSM and POET, opened its world-scale cellulosic ethanol plant at Emmetsburg, IA, on 3 September. The...
http://www.chemweek.com/sections/business_finance/usa_americas/POET-DSM-commissions-cellulosic-ethanol-plant_63738.html
September 15, 2014
Coca-Cola is making an additional investment in the development and commercialization of Virent’s (Madison, WI) registered biobased para -xylene ( p -xylene), BioFormPX, Virent says...
http://www.chemweek.com/sections/business_finance/usa_americas/Coke-invests-in-Virents-p-xylene_63739.html
September 15, 2014
Electric vehicle maker Tesla Motors has chosen Nevada as the site of its planned $5-billion battery manufacturing facility....
http://www.chemweek.com/sections/business_finance/usa_americas/Tesla-Panasonic-pick-Nevada-for-$5-billion-battery-gigafactory_63740.html
September 15, 2014
Albemarle and Israel Chemicals Ltd. (ICL; Tel Aviv) say that they have entered into an agreement to establish a manufacturing joint venture to produce ICL’s FR-122P polymeric flame...
http://www.chemweek.com/sections/business_finance/europe_mideast/ICL-to-form-polymeric-flame-retardants-JV-with-Albemarle-_63722.html
September 15, 2014
The European Commission has conditionally approved Huntsman’s proposed acquisition of the Sachtleben (Duisburg, Germany) titanium dioxide (TiO2) and performance additives...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-conditionally-okays-Huntsman-purchase-of-Sachtleben_63734.html
September 15, 2014
Kemira has adjusted its medium-term targets. The company says that its revenue will be €2.7 billion ($3.5 billion) in 2017 after previously targeting 2016 revenue of...
http://www.chemweek.com/sections/business_finance/europe_mideast/Kemira-adjusts-medium-term-targets-keeps-2014-outlook_63735.html
September 15, 2014
The chemical businesses of Sinopec and PetroChina each reports losses for the first half of 2014. Sinopec’s chemicals loss has widened, but PetroChina’s chemicals loss has...
http://www.chemweek.com/sections/business_finance/asia_pacific/Sinopec-and-PetroChina-chemical-units-report-losses_63707.html
September 15, 2014
Evonik Industries says it will expand specialty silica production capacity at Ako, Japan, through its DSL Japan joint venture with Shionogi & Co. (Osaka). Evonik holds a 51% stake...
http://www.chemweek.com/sections/business_finance/asia_pacific/Evonik-JV-to-expand-specialty-silica-capacity-in-Japan_63709.html
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