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May 30, 2014
Flint Hills Resources, a subsidiary of Koch Industries, has reached a deal to acquire propylene maker PetroLogistics for $2.1 billion....
http://www.chemweek.com/sections/business_finance/usa_americas/Flint-Hills-Resources-to-acquire-PetroLogistics-for-$2-1-billion_61407.html
May 30, 2014
Styron is restructuring its North American polycarbonate (PC) business. The company will stop sourcing PC from Dow Chemical’s Freeport, TX, plant by the end of the year, but the...
http://www.chemweek.com/sections/business_finance/usa_americas/Styron-restructures-North-America-polycarbonate_61415.html
May 30, 2014
Rosneft (Moscow) has signed an agreement with Sanors Holding to acquire the Sanors group of companies. The agreement was signed by Rosneft chairman of the board Igor Sechin and Sanors...
http://www.chemweek.com/sections/business_finance/europe_mideast/Rosneft-acquires-Sanors-paving-way-for-petchems_61404.html
May 30, 2014
ACC says its chemical activity barometer (CAB), during April, reached its highest peak since February 2008 and had its strongest year-on-year (YOY) gain since September 2010. Measured...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-barometer-at-highest-since-2008_61392.html
May 30, 2014
Momentive Performance Materials (MPM) has been granted access to the full $570-million debtor-in-possession (DIP) financing facility by the US Bankruptcy Court for the Southern...
http://www.chemweek.com/sections/business_finance/usa_americas/Momentive-Performance-gains-access-to-DIP-funds_61411.html
May 30, 2014
BASF is likely to use its own technology in a previously announced, world-scale methane-to-propylene plant using shale gas as feedstock it is planning to build on the US Gulf Coast by...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-likely-to-use-own-process-in-US-methanol-to-propylene-plant_61412.html
May 30, 2014
Airgas says that it is increasing the prices of several products and equipment, effective 1 July. Prices for bulk and packaged industrial, medical, and specialty gases will increase...
http://www.chemweek.com/sections/business_finance/usa_americas/Airgas-increases-prices_61413.html
May 30, 2014
The Department of Commerce (Commerce Department) plans to increase antidumping duties on imports of steam-activated carbon from China, according to preliminary results of the...
http://www.chemweek.com/sections/business_finance/usa_americas/US-announces-antidumping-orders-on-activated-carbon-from-China_61414.html
May 30, 2014
Renewable chemicals firm Amyris (Emeryville, CA) announced on 22 May that it proposes to offer $75 million aggregate principal amount of convertible senior notes due 2019, subject to market conditions and other factors....
http://www.chemweek.com/sections/business_finance/usa_americas/Amyris-to-offer-$75-million-convertible-senior-notes_61416.html
May 30, 2014
Biobased chemicals will be an unexpected beneficiary of the North American shale gas boom, as sugars, glycerin, and other plant-derived feedstocks emerge as economically competitive...
http://www.chemweek.com/sections/business_finance/usa_americas/Biobased-chemicals-getting-unexpected-boost-from-shale_61417.html
May 30, 2014
Mapei (Milan), a privately owned maker of products for the construction industry, has acquired General Resource Technology (GRT), a US-based producer of concrete admixtures. GRT says...
http://www.chemweek.com/sections/business_finance/usa_americas/Mapei-acquires-US-producer-of-concrete-admixtures_61418.html
May 30, 2014
Gazprom Neft, Sibur, and the Titan Group have signed an agreement to establish a joint venture based on the existing Omsk, Russia, polypropylene (PP) plant owned by Poliom. As part of...
http://www.chemweek.com/sections/business_finance/europe_mideast/Sibur-Gazprom-Neft-and-Titan-Group-form-PP-joint-venture-in-Russia_61394.html
May 30, 2014
Two Malaysian companies are planning to build large-scale methanol and gas processing complexes in Kazakhstan. Memoranda of understanding (MOUs) covering the two projects, plus another on a large-sale cattle-breeding program, were signed during Prime Minister Datuk Seri Najib Tun Abdul Razak and other Malaysian officials’ recent visit to Kazakhstan....
http://www.chemweek.com/sections/business_finance/europe_mideast/Malaysian-firm-plans-methanol-plant-in-Kazakhstan_61405.html
May 30, 2014
Leading Asian chemical companies report generally lower earnings for the quarter ended 31 March....
http://www.chemweek.com/sections/business_finance/asia_pacific/Asian-chemical-makers-report-lower-earnings_61395.html
May 29, 2014
Cefic says in its latest chemicals trends report, published today, that quarterly output in the European chemical industry increased for the fourth consecutive period. Chemical output...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-chemical-output-grows-for-fourth-consecutive-quarter_61358.html
May 27, 2014
The European Commission has published formal notification today that companies wishing to market hydrofluorocarbons (HFCs) in the European Union in 2015 must register and submit an...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Commission-asks-companies-to-apply-for-HFC-quotas-by-1-July_61315.html
May 23, 2014
The total value of M&A transactions in chemicals during the first quarter of 2014 stood at $8 billion, with 17 deals completed, according to data provided by investment bank Young & Partners (Y&P; New York)....
http://www.chemweek.com/sections/business_finance/usa_americas/Chemicals-M-and-A-market-steady-in-first-quarter_61272.html
May 23, 2014
DuPont CFO Nicholas Fanandakis said during an investor conference on 21 May that the company would consider a Reverse Morris Trust (RMT) transaction or outright sale of its performance chemicals business....
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-considering-alternatives-to-spin-off_61275.html
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