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March 28, 2016WL Ross Holding (WLRH; New York), a special-purpose acquisition company (SPAC) run by billionaire investor Wilbur Ross, has announced that it has agreed to acquire Nexeo Solutions (Houston), an international distributor of chemicals and plastics and provider of environmental services, from TPG Capital (San Francisco), a private equity firm....
March 28, 2016Braskem (São Paulo) plans to modify its steam cracker at Camaçari, Brazil, to use up to 15% ethane feedstock, which will be supplied under a 10-year contract with Enterprise Products Partners (Houston). The Camaçari cracker currently operates using 100% naphtha feedstock....
March 28, 2016Braskem Idesa, a 75-25 joint venture between Braskem and Grupo Idesa, on 18 March started injecting ethane at the jv’s Etileno XXI steam cracker at Coatzacoalcos, Mexico. The jv...
March 28, 2016Ube Industries says that it has agreed with CNSG Anhui Hong Sifang (Hefei, China) to license Ube’s technology for manufacturing dimethyl carbonate. CNSG Anhui Hong Sifang will...
March 28, 2016Asahi Kasei and Mitsubishi Chemical say that they have received all necessary regulatory approvals to establish the previously announced 50-50 joint venture company Asahi Kasei Mitsubishi Chemical Ethylene (Tokyo), which will combine the companies’ naphtha cracking operations at Mizushima, Japan. The jv will become operational on 1 April....
March 28, 2016Petrochemical Corp. of Singapore (PCS) says that it plans to build naphtha import facilities at Jurong Island, Singapore. PCS is owned jointly by Shell, Qatar Petroleum, and...
March 28, 2016Energy and economic shifts highlight the need for strategies that emphasize flexible feedstock sourcing and market approaches, industry leaders told attendees at an American Fuel &...
March 28, 2016Trinseo says that private equity firm Bain Capital (Boston) is selling 9.6 million shares in the company in a secondary public offering, cutting its stake in Trinseo to 58.6% from...
March 28, 2016Activist hedge fund FrontFour Capital (Greenwich, CT) in mid-March released a letter advocating that Ferro’s board “publicly pursue strategic alternatives,” including...
March 28, 2016Sabic has announced plans to study the feasibility of divesting its stake in National Chemical Fertilizer Co. (Ibn Al Baytar) to Saudi Arabian Fertilizer Co. (Safco). The deal would...