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April 15, 2013
The Chinese government says that a major state-owned rare earth production company has been created at Ganzhou, in Jiangxi Province in southeastern China, for the sustainable...
http://www.chemweek.com/sections/business_finance/asia_pacific/Major-rare-earth-company-formed-at-Ganzhou-China_51079.html
April 15, 2013
Kinder Morgan Energy Partners (KMP) has announced plans to invest approximately $58 million to expand chemical storage capacity. The sum includes construction of methanol storage...
http://www.chemweek.com/sections/business_finance/usa_americas/Kinder-Morgan-invests-$58-million-in-methanol-storage-terminal-buy_51078.html
April 15, 2013
Monsanto raised its earnings outlook for its fiscal year ending 31 August as expanded corn acres in Brazil and increased sales of advanced corn seeds in the United States drove...
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-tops-estimates-raises-2013-earnings-outlook_51077.html
April 1, 2013
Ineos will increasingly direct capital investment to the United States, attracted by low feedstock and energy costs, according to Jim Ratcliffe, chairman of the Switzerland-based chemical giant. The United States already contributes more than half of the company’s profits, he said, and that share will grow....
http://www.chemweek.com/sections/business_finance/usa_americas/Ratcliffe-Ineos-shifting-capital-to-US-rationalizing-in-Europe_50852.html
March 29, 2013
A Delaware judge has ruled that Gevo (Englewood, CO) does not infringe two Butamax Advanced Biofuels patents describing methods for the production of biobased isobutanol—the latest...
http://www.chemweek.com/sections/business_finance/usa_americas/Gevo-wins-round-in-patent-fray-Butamax-plans-appeal_50814.html
March 29, 2013
PolyOne has agreed to sell its vinyl dispersion, blending, and suspension resin assets to Mexichem (Tlalnepantla, Mexico) for $250 million....
http://www.chemweek.com/sections/business_finance/usa_americas/Mexichem-to-acquire-PolyOnes-remaining-vinyls-assets_50819.html
March 29, 2013
EPA announced on 27 March that it will begin health and environmental risk assessments of 23 commonly used chemicals, with a focus on flame retardants, as a part of the Toxic...
http://www.chemweek.com/sections/business_finance/usa_americas/EPA-begins-risk-assessment-of-flame-retardants-under-TSCA_50820.html
March 29, 2013
Indorama Ventures’ (Bangkok) polymers subsidiary AlphaPet has confirmed the construction of a previously announced polyethylene terephthalate (PET) production unit in the United...
http://www.chemweek.com/sections/business_finance/usa_americas/Indorama-subsidiary-confirms-PET-project-at-BPs-Decatur-AL-site_50821.html
March 29, 2013
Williams has announced it will begin construction on a previously announced propane dehydrogenation (PDH) facility near Edmonton, AB. The PDH facility will be the first in Canada and...
http://www.chemweek.com/sections/business_finance/usa_americas/Williams-proceeds-with-PDH-facility-selects-UOP-technology_50822.html
March 29, 2013
Versalis, the chemicals arm of ENI (Rome), and leading tire manufacturer Pirelli have agreed to carry out joint research into the use of guayule-based natural rubber in the production...
http://www.chemweek.com/sections/business_finance/europe_mideast/Versalis-and-Pirelli-sign-R-and-D-deal-to-use-natural-rubber-in-tire-production_50788.html
March 29, 2013
Wacker Chemie, following its preliminary results announcement in February, has provided more information about its performance in 2012 as well as guidance for 2013, when the company expects flat sales and lower Ebitda compared with last year....
http://www.chemweek.com/sections/business_finance/europe_mideast/Shakeout-in-PV-industry-takes-its-toll-on-Wackers-results_50789.html
March 29, 2013
The European Commission says that “no qualified majority was reached” in a recent vote by EU member states on a possible ban of three neonicotinoids for allegedly harming the health of honeybees....
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-member-states-fail-to-reach-majority-in-neonicotinoids-vote_50825.html
March 29, 2013
Qatar Chemical and Petrochemical Marketing and Distribution Co. (Muntajat; Doha), a newly created trading firm, has taken over exclusive responsibility for the marketing, sales, and...
http://www.chemweek.com/sections/business_finance/europe_mideast/Qafcos-marketing-activities-transferred-to-new-trading-firm_50826.html
March 29, 2013
The European Commission has lowered the fees and charges that small and medium-size enterprises (SME) have to pay to register chemicals under the European Union’s Registration...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-Commission-cuts-Reach-fees-for-small-and-medium-size-companies_50827.html
March 29, 2013
The chemical businesses of Sinopec and PetroChina reported weak financial results for 2012. Sinopec’s chemicals segment reported a 2% fall in revenues compared with 2011, to...
http://www.chemweek.com/sections/business_finance/asia_pacific/Sinopec-PetroChina-chemical-units-report-lower-earnings_50790.html
March 29, 2013
AkzoNobel says it will end merchant sales of fatty acids from its complex at Binzhou, Shandong Province, China, and close permanently two of the three fatty acid plants at the site....
http://www.chemweek.com/sections/business_finance/asia_pacific/AkzoNobel-exits-merchant-fatty-acid-business-in-China-cuts-200-jobs_50791.html
March 29, 2013
North American chemical company high-yield bond offerings tend to come with weak covenants relative to other sectors, according to a report from Moody’s Investors Service (New York)...
http://www.chemweek.com/sections/business_finance/usa_americas/Moodys-Chemical-industry-bonds-offer-weak-credit-protection_50832.html
March 29, 2013
A. Schulman has retained Moelis & Company (New York), an investment bank, to advise on the company’s $6.50/share hostile bid for Ferro. The bid, which totals $855 million...
http://www.chemweek.com/sections/business_finance/usa_americas/Schulman-retains-investment-bank-to-advise-on-Ferro-bid_50833.html
March 29, 2013
Huntsman plans to invest $135 million at two of its methylene di-para-phenyl isocyanate (MDI) manufacturing facilities—specifically, increasing capacity at its Geismar, LA, site and upgrading its downstream specialties production capability at its Rotterdam site....
http://www.chemweek.com/sections/business_finance/usa_americas/Huntsman-invests-$135-million-in-MDI-expansion-upgrade_50834.html
March 29, 2013
Unconventional gas and oil development has kept the US economy afloat, according to Charles Drevna, president of American Fuel and Petrochemical Manufacturers (AFPM), and it could...
http://www.chemweek.com/sections/business_finance/usa_americas/AFPM-IPC-Shale-gas-carrying-US-economy-despite-politics_50853.html
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