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January 23, 2015
Teijin says that its Teijin DuPont Films polyester films joint venture with DuPont will permanently shut its production facility at Anpachi, Japan....
http://www.chemweek.com/sections/business_finance/asia_pacific/Teijin-DuPont-JV-closes-Japan-plant_67089.html
January 23, 2015
Asahi Kasei says that its Asahi Kasei Chemicals (AKC) subsidiary will construct a validation plant at the Kurashiki, Japan, manufacturing complex for the company’s newly developed...
http://www.chemweek.com/sections/business_finance/asia_pacific/Asahi-Kasei-to-build-plant-to-produce-diphenyl-carbonate_67090.html
January 23, 2015
Albemarle on 20 January announced a corporate realignment following the close of its $6.2-billion acquisition of Rockwood Holdings earlier in the month....
http://www.chemweek.com/sections/business_finance/usa_americas/Albemarle-realigns-structure-after-Rockwood-deal-close_67134.html
January 23, 2015
Monsanto says the US Department of Agriculture has deregulated its dicamba-tolerant trait technologies—Roundup Ready 2 Xtend soybeans and Bollgard II XtendFlex cotton. These weed...
http://www.chemweek.com/sections/business_finance/usa_americas/USDA-deregulates-Monsanto-weed-control-traits_67135.html
January 23, 2015
LyondellBasell Industries says three senior executives—Timothy Roberts, Patrick Quarles, and Kevin Brown—have assumed expanded roles within the company. “These...
http://www.chemweek.com/sections/business_finance/usa_americas/LyondellBasell-expands-role-of-three-senior-execs-as-new-CEO-takes-helm_67136.html
January 23, 2015
Brazil’s chemical trade deficit totaled about $31.2 billion in 2014—approximately $400.0 million below estimates disclosed by the country’s chemical industry association, Abiquim (São Paulo) during its annual meeting last December, Abiquim says....
http://www.chemweek.com/sections/business_finance/usa_americas/Brazils-chemical-trade-deficit-drops-2-4-percent-in-2014_67143.html
January 23, 2015
Blank check firm Quinpario Acquisition Corp. 2 has priced its initial public offering at $10/share, with the company hoping to raise $350.0 million from the offering. Quinpario was...
http://www.chemweek.com/sections/business_finance/usa_americas/Second-Quinpario-fund-plans-$350-million-IPO-to-facilitate-buyouts_67144.html
January 22, 2015
The industry, research, and energy committee of the European Parliament today rejected an amendment to begin reform of the European Union’s Emissions Trading Scheme (EU ETS) in...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Parliament-industry-committee-fails-to-agree-on-reform-date-for-EU-ETS_67096.html
January 20, 2015
Thomas Swan (Consett, UK) says it is collaborating with the Graphene Engineering Innovation Center (GEIC) at the University of Manchester in the design of a graphene research center...
http://www.chemweek.com/sections/business_finance/europe_mideast/Thomas-Swan-University-of-Manchester-collaborate-in-design-of-graphene-research-center_67004.html
January 19, 2015
European chemical output grew by 0.7% year-on-year (YOY) during the first 10 months of 2014, while prices fell by 1.6%, Cefic says. Output in October fell by 1.2% compared with the...
http://www.chemweek.com/sections/business_finance/europe_mideast/Cefic-EU-chemical-output-up-0-7-percent-for-first-10-months-of-2014-employment-up-for-fourth-consecutive-quarter_66964.html
January 19, 2015
The International Renewable Energy Agency (Irena; United Arab Emirates) has announced the reappointment of Adnan Amin as director general to a second four-year term, to run from April...
http://www.chemweek.com/sections/business_finance/europe_mideast/International-Renewable-Energy-Agency-reappoints-director-general_66961.html
January 19, 2015
Crude oil prices have not been low for long enough to curtail chemical production growth in the United States, IHS Chemical says. Brent crude and West Texas Intermediate (WTI) prices...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemical-industry-to-reap-benefits-of-lower-oil-prices_66874.html
January 19, 2015
PPG Industries on 15 January reported fourth-quarter net income from continuing operations of $86.0 million, or 62 cts/share, down 64% year-on-year (YOY), on sales up 6.0%, to $3.71 billion....
http://www.chemweek.com/sections/business_finance/usa_americas/PPG-beats-estimates-but-earnings-decline-on-charges_66892.html
January 16, 2015
Germany’s chemical trade association VCI (Frankfurt) says it welcomes the public debate on investor protection during a plenary debate on the topic in Germany’s parliament...
http://www.chemweek.com/sections/business_finance/usa_americas/VCI-Excluding-ISDS-from-TTIP-would-be-totally-wrong_66942.html
January 16, 2015
Two surprises greeted US Gulf Coast ethylene buyers returning from New Year’s holidays: a maintenance shutdown at Chevron Phillips Chemical’s (CPChem) Cedar Bayou complex...
http://www.chemweek.com/sections/business_finance/usa_americas/US-ethylene-prices-drop-on-rumors-of-problems-in-Evangeline-pipeline_66875.html
January 16, 2015
DSM says that it has reached agreement with Cathay Investments (Sutton, UK) for the sale of DSM’s Euroresins business. Euroresins distributes products to the composite resins...
http://www.chemweek.com/sections/business_finance/europe_mideast/DSM-to-sell-resins-distribution-business-to-UK-firm_66870.html
January 16, 2015
Indorama Ventures (Bangkok) made two announcements in January related to the company’s polyethylene terephthalate (PET) business in Turkey....
http://www.chemweek.com/sections/business_finance/europe_mideast/Indorama-buys-PET-plant-in-Turkey-abandons-separate-PET-acquisition_66871.html
January 16, 2015
Qatar Petroleum (QP) and Shell say they have decided not to proceed with the proposed Al Karaana petrochemicals project in Qatar and that they have stopped further work on the project...
http://www.chemweek.com/sections/business_finance/europe_mideast/Qatar-Petroleum-Shell-scrap-$6-5-billion-petchems-project_66872.html
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