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July 18, 2014
Aramco Overseas Co. (AOC), a subsidiary of Saudi Aramco, says that it has agreed in principle to acquire Hanjin Group’s entire stake in S-Oil (Seoul), comprising approximately 32...
http://www.chemweek.com/sections/business_finance/asia_pacific/Saudi-Aramco-to-buy-Hanjin-Group-out-of-S-Oil-for-$1-95-billion_62519.html
July 18, 2014
Evonik Industries has begun operating a previously announced, 230,000-m.t./year hydrogen peroxide (H2O2) plant at Jilin, China. Evonik has invested more than €100 million ($136 million) to build the plant, which has raised the company’s overall H2O2 capacity to more than 900,000 m.t./year....
http://www.chemweek.com/sections/business_finance/asia_pacific/Evonik-opens-H2O2-plant-in-China_62520.html
July 18, 2014
Nippon Shokubai has opened plants that produce acrylic acid and n-phenylmaleimide, as well as a waste liquid incinerator system, at the company’s Himeji, Japan, complex. The...
http://www.chemweek.com/sections/business_finance/asia_pacific/Nippon-Shokubai-completes-acrylic-acid-hike-at-Himeji_62521.html
July 18, 2014
Cytec and Dralon (Cologne) say they are exploring collaborating to develop and market large-tow carbon fiber for industrial applications. The collaboration would include products for...
http://www.chemweek.com/sections/business_finance/usa_americas/Cytec-and-Dralon-to-collaborate-on-carbon-fibers_62568.html
July 18, 2014
Stepan says it has acquired a sulfonation production plant in Bahia, Brazil, from Procter & Gamble (P&G) for an undisclosed sum. The plant, in the country’s northeast...
http://www.chemweek.com/sections/business_finance/usa_americas/Stepan-acquires-sulfonation-plant-in-Brazil-from-P-and-G_62569.html
July 18, 2014
Biocatalyst firm Codexis (Redwood City, CA) and GlaxoSmithKline (GSK) have announced a technology license agreement worth up to $25 million in initial payments and milestone and...
http://www.chemweek.com/sections/business_finance/usa_americas/GSK-to-license-Codexis-technology_62570.html
July 18, 2014
Expectations for improved semiconductor demand, driven by the latest smartphones and tablets and the <i>internet of things</i> &mdash;the term used to describe the increasing use of chips in applications like thermostats and refrigerators&mdash;helped fuel optimistic sentiment at Semiconductor Equipment and Materials International&rsquo;s (SEMI; San Jose, CA) annual Semicon West conference, held 8&ndash;10 July at San Francisco....
http://www.chemweek.com/sections/business_finance/usa_americas/Semicon-West-2014-Positive-outlook-for-chip-makers-suppliers_62571.html
July 18, 2014
Israel Chemicals Ltd. (ICL) and AkzoNobel have announced that they have signed a nonbinding memorandum of understanding (MOU) to collaboratively produce and market vacuum salt and...
http://www.chemweek.com/sections/business_finance/europe_mideast/-Forms-salt-and-white-potash-joint-venture-with-Israel-Chemicals_62515.html
July 18, 2014
Kemira has reached a preliminary agreement to acquire AkzoNobel’s worldwide paper chemicals business for €153.0 million ($206.5 million), the companies have announced. AkzoNobel’s paper chemicals business, which is part of the company’s pulp and performance chemicals unit, generated sales of €243 million in 2013....
http://www.chemweek.com/sections/business_finance/europe_mideast/AkzoNobel-sells-paper-chemicals-business-to-Kemira-_62516.html
July 18, 2014
The fertilizer industry in the Arabian Gulf, led by increased investments from petrochemical producers, is growing twice as fast as the worldwide industry average, the Gulf...
http://www.chemweek.com/sections/business_finance/europe_mideast/GCC-fertilizer-industry-outstrips-global-growth_62517.html
July 18, 2014
KI Chemistry, a unit of Kulczyk Investments controlled by Poland’s richest man, Jan Kulczyk, has agreed to buy a 51.1% stake in the chemical producer Ciech (Warsaw) following an...
http://www.chemweek.com/sections/business_finance/europe_mideast/KI-Chemistry-buys-majority-stake-in-Ciech_62541.html
July 18, 2014
CCP Composites (Courbevoie, France), a Total subsidiary specialized in composite resins; and Polynt Group (Scanzorosciate, Italy) plan to combine in a deal that would create an integrated composite resins producer ranking first in Europe and third worldwide, Total says....
http://www.chemweek.com/sections/business_finance/europe_mideast/Private-equity-backed-Polynt-offers-to-buy-Totals-CCP-Composites_62542.html
July 18, 2014
The chemical industry in Germany is starting to feel the wind in its sails, chemical trade association VCI (Frankfurt) said at a recent press conference. Chemicals and pharmaceuticals produced domestically rose by 3.0%, with sales up by 2.0%, in the first half of 2014 compared with the year-ago period, VCI says...
http://www.chemweek.com/sections/business_finance/europe_mideast/German-chemical-industry-feels-tail-wind-output-up-in-first-half_62543.html
July 18, 2014
Axiall (Atlanta) says that the extended ramp-up after restarting its vinyl chloride monomer (VCM) manufacturing facility at Lake Charles, LA, and weakness in building products and...
http://www.chemweek.com/sections/business_finance/usa_americas/Axiall-cuts-earnings-forecast-on-sluggish-VCM-restart-aromatics_62564.html
July 18, 2014
Flint Hills Resources (Wichita, KS), a subsidiary of Koch Industries, has completed its acquisition of propylene-maker Petro Logistics (Houston). Flint Hills has merged a propylene...
http://www.chemweek.com/sections/business_finance/usa_americas/Koch-completes-acquisition-of-PetroLogistics_62565.html
July 18, 2014
Elevance Renewable Sciences (Woodbridge, IL) and Genting Plantations (Kuala Lumpur) have announced plans to build a 240,000-m.t./year biorefinery based on Elevance’s metathesis...
http://www.chemweek.com/sections/business_finance/usa_americas/Elevance-Genting-Plantations-ink-biorefinery-collaboration_62572.html
July 17, 2014
The European Chemicals Agency (ECHA; Helsinki) says that four new intentions and five new submissions for harmonised classification and labelling (CLH) have been added to the public...
http://www.chemweek.com/sections/business_finance/europe_mideast/ECHA-adds-several-substances-to-registry-of-intentions-under-Reach_62513.html
July 16, 2014
The European Food Safety Authority (EFSA; Parma, Italy) says that is has established an acceptable daily intake (ADI) of four milligrams per kilogram body weight per day for the food...
http://www.chemweek.com/sections/business_finance/europe_mideast/EFSA-establishes-daily-intake-limits-for-sunset-yellow-food-additive_62485.html
July 10, 2014
The chemical industry in Germany is starting to feel the wind in its sails, chemical trade association VCI (Frankfurt) said at a press conference today. Domestic production of...
http://www.chemweek.com/sections/business_finance/europe_mideast/German-chemical-industry-feels-tail-wind-first-half-output-up-3-percent_62366.html
July 10, 2014
The German chemical industry is in favor of the transatlantic trade and investment partnership (TTIP), currently being negotiated between the European Union and the United States, says...
http://www.chemweek.com/sections/business_finance/usa_americas/VCIs-Kley-Germanys-chemical-industry-in-favor-of-TTIP_62395.html
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