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January 27, 2012
Crotty: Ineos too big for major acquisitions. Ineos will have a greater focus on organic growth than on acquisitions in the future, group director Tom Crotty tells CW. “We have...
http://www.chemweek.com/sections/business_finance/europe_mideast/Ineos-Eyes-Organic-Growth-but-U-K-Cracker-Will-Close_40811.html
January 27, 2012
Bayer CropScience, one of the leading producers of agricultural chemicals, has affirmed its commitment to addressing the challenges posed by population growth; growing demand for food...
http://www.chemweek.com/sections/business_finance/europe_mideast/Bayer-Commits-to-Food-Security-Speeds-Phaseout-of-Old-Insecticides_40812.html
January 27, 2012
GPN, the fertilizer subsidiary of Total, has signed a contract to acquire BASF’s 50% stake in the companies’ PEC-Rhin fertilizer joint venture. GPN is exercising its...
http://www.chemweek.com/sections/business_finance/europe_mideast/Totals-GPN-Subsidiary-Signs-Deal-to-Buy-BASF-out-of-Fertilizer-JV_40824.html
January 27, 2012
Borgas: Led Lonza through Arch acquisition. Lonza has suddenly fired CEO Stefan Borgas following a series of weak financial results. The company announced plans last week to appoint a...
http://www.chemweek.com/sections/business_finance/europe_mideast/Lonza-Replaces-CEO-After-Decline-in-Earnings_40825.html
January 27, 2012
IDEA Soda Ash and Calcium Chloride (ISACC; Al Khobar, Saudi Arabia) has awarded a contract to Jacobs Engineering to provide engineering, procurement, and construction, and project...
http://www.chemweek.com/sections/business_finance/europe_mideast/Jacobs-Awarded-Contract-for-Saudi-Soda-Ash-Project_40826.html
January 20, 2012
Shell Chemicals is expected to be one of the partners in Sabic’s previously announced project to build an integrated polyurethanes (PU) complex in Saudi Arabia, CW has learned...
http://www.chemweek.com/sections/business_finance/europe_mideast/Shell-Is-a-Likely-Partner-in-Sabics-Saudi-PU-Project_40597.html
January 20, 2012
De Cuyper: Offering greener option. Solvay and Air Liquide have agreed to create a global fluorine (F2) gas production joint venture to supply the electronics industry. The jv will...
http://www.chemweek.com/sections/business_finance/europe_mideast/Solvay-and-Air-Liquide-Form-Global-Fluorine-Gas-JV_40598.html
January 20, 2012
Sasol Germany (Hamburg) has agreed to sell its production site at Witten, Germany, and the associated oleochemicals business to Cremer Oleo (Hamburg). Approval by the relevant German...
http://www.chemweek.com/sections/business_finance/europe_mideast/Sasol-to-Sell-One-of-Its-Production-Sites-in-Germany_40599.html
January 20, 2012
Toray Industries says it has purchased the shares it did not own in Société des Fibres de Carbone (Soficar; Abidos, France), a manufacturer and supplier of carbon fibers, from...
http://www.chemweek.com/sections/business_finance/europe_mideast/Toray-Buys-Arkema-out-of-Carbon-Fiber-Manufacturer_40600.html
January 6, 2012
Asahi Glass (Tokyo), Adeka Corp. (Tokyo), and Kaneka (Osaka) plan to exit their two joint ventures with Shin-Etsu Chemical and Mitsubishi Chemical that produce chlorine and caustic...
http://www.chemweek.com/sections/business_finance/europe_mideast/Asahi-Glass-Adeka-and-Kaneka-Exit-Chlor-Alkali-and-VCM-Ventures_40192.html
January 6, 2012
Total says it has signed an agreement with ExxonMobil Petroleum & Chemicals, under which ExxonMobil will transfer to Total its 35% stake in Fina Antwerp Olefins, a major producer...
http://www.chemweek.com/sections/business_finance/europe_mideast/Total-Buys-ExxonMobil-out-of-Fina-Antwerp-Olefins_40210.html
January 6, 2012
Evonik Industries says it will invest €500 million ($641 million) to construct a previously announced methionine complex at Jurong Island, Singapore. The project is Evonik’s...
http://www.chemweek.com/sections/business_finance/europe_mideast/Evonik-to-Invest-&euro500-Million-for-Methionine-Plant-in-Singapore_40193.html
January 6, 2012
Sibur (Moscow) has announced the sale of its fertilizer business in separate deals to Siberian Business Union (Kemerovo, Russia) and Uralchem (Moscow). The transactions form part of...
http://www.chemweek.com/sections/business_finance/europe_mideast/Sibur-Divests-Fertilizer-Business_40211.html
January 6, 2012
Change of ownership: Taminco's production site at Leuna, Germany. Private equity firm Apollo Global Management has agreed to acquire Taminco (Ghent, Belgium), the biggest producer of...
http://www.chemweek.com/sections/business_finance/europe_mideast/Apollo-Management-to-Acquire-Taminco-from-CVC_40212.html
January 6, 2012
The European Chemicals Agency (ECHA; Helsinki) has submitted to the European Commission a recommendation that 13 substances of very high concern (SVHC) should no longer be used in the...
http://www.chemweek.com/sections/business_finance/europe_mideast/ECHA-Names-13-Chemical-Substances-for-Reach-Authorization_40213.html
January 6, 2012
The European Commission says it has opened an antitrust investigation into agreements between Honeywell and DuPont for the development of a refrigerant for air conditioning systems in...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-Antitrust-Probe-Targets-Honeywell-DuPont-Refrigerant_40214.html
December 16, 2011
Van Beurden: Expansion in several regions. Shell Chemicals, in addition to a recently announced heads of agreement to advance a $6.5-billion petrochemical project in Qatar, is looking...
http://www.chemweek.com/sections/business_finance/europe_mideast/Shell-Details-Qatar-U-S-Projects-Studies-Plans-for-Iraq_39842.html
December 16, 2011
Al Ohali: Gaining access to Europe. Saudi International Petrochemical Co. (Sipchem; Al Khobar) announced at the recent GPCA Annual Forum in Dubai that the company’s Sipchem...
http://www.chemweek.com/sections/business_finance/europe_mideast/Sipchem-Acquires-Trading-Firm-Aectra_39843.html
December 16, 2011
Adams: Growth centered in Asia. Reduced rates of capacity expansion and continued demand growth in “high-velocity” economies, led by China, should drive petrochemical...
http://www.chemweek.com/sections/business_finance/europe_mideast/GPCA-Petrochemical-Margin-Recovery-Seen-by-2013_39846.html
December 16, 2011
Equate Petrochemical (Safat, Kuwait) is seeking acquisitions outside the Mideast and may be close to concluding a deal before the end of this year, company officials say. “Our...
http://www.chemweek.com/sections/business_finance/europe_mideast/Equate-Petrochemical-Seeks-Acquisitions_39847.html
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