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November 25, 2014
A report prepared by the International Renewable Energy Agency (Irena; United Arab Emirates), in association with the China National Renewable Energy Centre (CNREC; Beijing), says that...
http://www.chemweek.com/sections/business_finance/asia_pacific/Report-China-could-double-its-use-of-renewable-energy-by-2030_65678.html
November 24, 2014
The Council of the European Union says that agreement has been reached with the European Parliament on new rules aimed at reducing the consumption of plastic bags in the European...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-agrees-on-new-rules-to-reduce-consumption-of-lightweight-plastic-bags_65641.html
November 24, 2014
Exploitation of shale gas presents an opportunity to secure both raw materials and energy supplies for the chemical industry, says Germany’s chemical industry association VCI...
http://www.chemweek.com/sections/business_finance/europe_mideast/VCI-calls-for-rapid-exploration-of-shale-gas-to-determine-potential_65640.html
November 24, 2014
The European Chemicals Agency (ECHA; Helsinki) has announced that the registry of intentions has updated with six new intentions and one new submission. The new intentions are...
http://www.chemweek.com/sections/business_finance/europe_mideast/ECHAs-registry-of-intentions-updated-with-six-new-intentions-and-one-new-submission_65649.html
November 21, 2014
Orica (Melbourne) announced on 19 November that it has agreed to sell the company’s chemicals business to funds advised by private equity firm Blackstone (New York) for A$750 million...
http://www.chemweek.com/sections/business_finance/asia_pacific/Orica-to-sell-chemicals-unit-to-Blackstone-for-$652-million_65571.html
November 21, 2014
The chemical businesses of Sinopec and PetroChina each report losses for the first nine months of 2014. Sinopec’s chemicals loss has widened, but PetroChina’s chemicals loss has...
http://www.chemweek.com/sections/business_finance/asia_pacific/Sinopec-PetroChina-chemical-businesses-report-losses_65572.html
November 21, 2014
Brazil’s competition authority CADE (Brasilia) has rejected Braskem’s proposed acquisition of Solvay’s 70.59% stake in chlorvinyls company Solvay Indupa (Buenos Aires). The decision was taken during a public hearing held on 12 November, Solvay says. The remaining 29.41% of Solvay Indupa is listed on the stock exchange....
http://www.chemweek.com/sections/business_finance/usa_americas/Brazil-blocks-Braskems-acquisition-of-Solvay-Indupa_65585.html
November 21, 2014
lone Star natural gas liquids’ (NGL) board has approved the construction of a 533-mile, 24- and 30-inch pipeline that will carry NGLs from the Permian Basin to Mont Belvieu, TX...
http://www.chemweek.com/sections/business_finance/usa_americas/Lone-Star-commits-to-$1-50-billion-in-pipelines-for-US-Gulf-Coast_65586.html
November 21, 2014
Ethylene production at Shell’s Norco, LA, refinery has returned to normal, the company said on 19 November. Production was interrupted on 13 November, when Shell shut down a...
http://www.chemweek.com/sections/business_finance/usa_americas/Shell-Norco-fire-ignites-spot-ethylene-rally_65587.html
November 21, 2014
Bristol-Myers Squibb has announced plans to build a large-scale biologics manufacturing facility at Cruiserath, Ireland, that will produce multiple therapies for the company’s...
http://www.chemweek.com/sections/business_finance/europe_mideast/Bristol-Myers-Squibb-to-build-large-biologics-plant-in-Ireland_65550.html
November 21, 2014
Versalis, the chemicals subsidiary of ENI (Rome), will permanently close a complex producing xylenes and ethylbenzene (EB) at Sarroch, Italy, after refining group Saras (Sarroch) purchases certain downstream assets at the site....
http://www.chemweek.com/sections/business_finance/europe_mideast/Versalis-outlines-transformation-plans-aromatics-units-to-close_65551.html
November 21, 2014
Leading Asia-based companies have posted mixed financial results for the third quarter....
http://www.chemweek.com/sections/business_finance/asia_pacific/Asian-firms-report-mixed-results_65552.html
November 21, 2014
Teijin has announced several initiatives to restructure its money-losing businesses. The measures include permanently shutting down a polycarbonate (PC) resin plant in Singapore and...
http://www.chemweek.com/sections/business_finance/asia_pacific/Teijin-to-shut-polycarbonate-plant-in-Singapore-exit-DMT-business_65553.html
November 21, 2014
BASF and Anhui Huaheng Biotech-nology (Hefei, China) have signed a letter of intent to carry out a feasibility study to build and operate jointly an L-alanine production plant at...
http://www.chemweek.com/sections/business_finance/asia_pacific/BASF-and-Anhui-Huaheng-mull-L-alanine-production-JV-in-China_65573.html
November 21, 2014
Tokuyama says that its Shin Dai-ichi Vinyl (Tokyo) joint venture will permanently close an 80,000-m.t./year polyvinyl chloride (PVC) plant at Chiba, Japan. Tokuyama holds a 71% stake...
http://www.chemweek.com/sections/business_finance/asia_pacific/Tokuyama-to-shut-PVC-plant_65574.html
November 21, 2014
Ashland announced on 14 November that its board has elected William Wulfsohn to be chairman and CEO, effective 1 January 2015. Wulfsohn replaces James O’Brien, who is retiring...
http://www.chemweek.com/sections/business_finance/usa_americas/Ashland-names-new-CEO_65598.html
November 21, 2014
A chemical leak at DuPont’s La Porte, TX, facility killed four employees and injured a fifth....
http://www.chemweek.com/sections/business_finance/usa_americas/Methyl-mercaptan-leak-at-DuPont-facility-kills-four_65599.html
November 21, 2014
International Flavors & Fragrances (IFF) has announced that its current executive v.p. and CFO, Kevin Berryman, will be leaving the company to take a senior leadership role outside...
http://www.chemweek.com/sections/business_finance/usa_americas/IFF-CFO-to-step-down-interim-CFO-named_65600.html
November 21, 2014
The National Association of Chemical Distributors (NACD) and ACC have announced the renewal of a memorandum of understanding (MOU) between the two organizations at NACD’s annual meeting, held 17–20 November at Scottsdale, AZ, and updated members on new practices within Responsible Care and Responsible Distribution. The regulatory outlook was also assessed, with executives saying safety and environmental rules are proliferating....
http://www.chemweek.com/sections/business_finance/usa_americas/NACD-2014-ACC-NACD-renew-MOU-regulatory-hurdles-persist_65614.html
November 21, 2014
Chemtura on 13 November said it will slash manufacturing costs by about $50 million/year, or about 10% of the total, as part of a restructuring program. The restructuring will also cut...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemtura-details-restructuring-efforts-considers-future-M-and-A_65615.html
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