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July 22, 2011
Topsoe Fuel Cell, a wholly owned subsidiary of Haldor Topsoe, is expanding its stack production capacity to meet growing demand, which will exceed current capacity in 2013. The company...
http://www.chemweek.com/sections/business_finance/europe_mideast/Topsoe-Expands-Fuel-Cell-Stack-Production-in-Denmark_36291.html
July 22, 2011
Phosagro (Saint Petersburg, Russia), Europe’s biggest producer of phosphate fertilizers, raised $538 million from a previously announced initial public offering (IPO) on the London...
http://www.chemweek.com/sections/business_finance/europe_mideast/Phosagros-IPO-Raises-$538-Million_36317.html
July 22, 2011
The lifting of European Union (EU) antidumping measures on imports of potash from Russia and Belarus is not expected to damage the EU potash industry because of strong demand and...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-Removes-Dumping-Measures-on-Potash-from-Russia-Belarus_36318.html
July 22, 2011
German chemical industry association VCI (Frankfurt) has raised its forecast for full-year 2011 sales growth by Germany’s chemical industry to 10%, up from its forecast for a 9%...
http://www.chemweek.com/sections/business_finance/europe_mideast/VCI-Raises-Full-Year-Sales-Growth-Forecast_36319.html
July 8, 2011
The European Commission says it has repealed a November 2009 decision to impose fines on Elementis (London) and the former Ciba Specialty Chemicals for participating in a price-fixing...
http://www.chemweek.com/sections/business_finance/europe_mideast/Europe-Repeals-Cartel-Fines-Against-Elementis-and-the-Former-Ciba_35979.html
July 8, 2011
Qatar Petrochemical Co. (Qapco; Doha), a joint venture in which Industries Qatar (IQ) holds 80% and Total Petrochemicals holds the rest, has made a proposal to Qatar Petroleum (QP) to...
http://www.chemweek.com/sections/business_finance/europe_mideast/Qapco-Proposes-Cracker-JV-with-QP-Competing-with-Total-Plan_35980.html
July 8, 2011
The European Commission has cleared the proposed acquisition of a controlling stake in Compañía Española de Petróleos (Cepsa; Madrid) by International Petroleum Investment Co...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-Clears-Ipics-Buy-of-Cepsa-Despite-OverlaPS_35993.html
July 8, 2011
Lonza has increased weekly working hours, without accompanying pay increases, for all employees at the company’s Visp, Switzerland manufacturing complex, to improve the site’s...
http://www.chemweek.com/sections/business_finance/europe_mideast/Lonza-Raises-Working-Hours-at-Visp-to-Secure-Sites-Future_35994.html
July 8, 2011
BASF says it will receive €600 million ($870 million) from Styrolution (Frankfurt), an equally owned styrenics joint venture with Ineos, because BASF is contributing more assets to...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-to-Receive-600-Million-from-Styrolution-JV-to-Equalize-Assets_35995.html
June 24, 2011
Ineos’s Kerling subsidiary has agreed to acquire Tessenderlo Group’s polyvinyl chloride (PVC) activities, including Tessenderlo’s chlor-alkali operations and part of...
http://www.chemweek.com/sections/business_finance/europe_mideast/Ineos-Acquires-Tessenderlos-PVC-and-Chlor-Alkali-Business_35713.html
June 24, 2011
Oman has completed a restructuring that combined and integrated the country’s Oman Refineries and Petrochemicals, Aromatics Oman, and Oman Polypropylene companies under the new name...
http://www.chemweek.com/sections/business_finance/europe_mideast/Oman-Restructures-Refinery-and-Petchem-Operations-under-New-Name_35714.html
June 24, 2011
AkzoNobel is investing €140 million ($201.2 million) in a project to convert an outdated mercury-process chlor-alkali plant at Frankfurt to membrane technology. The plant’s...
http://www.chemweek.com/sections/business_finance/europe_mideast/AkzoNobel-Converts-Chlor-Alkali-Plant-to-Membrane-Technology_35737.html
June 24, 2011
K+S Group (Kassel, Germany) has agreed to sell its Compo home and garden products business to private equity firm Triton (Frankfurt). The deal has an enterprise value of €205 million...
http://www.chemweek.com/sections/business_finance/europe_mideast/Private-Equity-Firm-Buys-K+S-Home-and-Garden-Business_35738.html
June 24, 2011
ENI (Rome) will permanently cease the production of almost all petrochemicals at the company’s Porto Torres, Italy complex under a plan to convert the site into a previously...
http://www.chemweek.com/sections/business_finance/europe_mideast/ENI-to-Close-Ethylene-Complex-Convert-Site-to-Bio-Based-Chemical-Production_35739.html
June 13, 2011
BASF and Ineos have received approval from the European Commission for the companies’ previously announced 50-50 Styrolution joint venture. The jv combines the global styrenics...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-and-Ineos-Get-Nod-for-Styrolution-JV-Divest-ABS-Unit_35413.html
June 13, 2011
Clariant has announced growth targets for the next five years and provided performance guidance for 2011, following completion of a two-year restructuring program and the...
http://www.chemweek.com/sections/business_finance/europe_mideast/Clariant-Sets-Targets-for-2015-Forms-Renewables-Center_35412.html
June 10, 2011
LG Chem says it will invest won491 billion ($455 million) to build a 5,000-m.t./year polysilicon plant at Yeosu, Korea. The plant will supply the solar-cell market and be the...
http://www.chemweek.com/sections/business_finance/europe_mideast/LG-Chem-to-Build-Polysilicon-plant-in-korea_35416.html
May 31, 2011
Engel: Strong demand is expected to last. VCI (Frankfurt), the German chemical industry association, has raised its growth outlook for 2011 output by Germany’s chemical industry...
http://www.chemweek.com/sections/business_finance/europe_mideast/VCI-Raises-Full-Year-Output-Forecast_35106.html
May 31, 2011
Elliott: Energy-related costs will rise. The U.K. government’s recently announced plans to cut the country’s carbon emissions 50% by 2025, from a baseline year of 1990...
http://www.chemweek.com/sections/business_finance/europe_mideast/U-K-Chemical-Industry-Feels-the-Heat-of-Further-Carbon-Cuts_35105.html
May 31, 2011
Bayat: Adding more value to oil and gas reserves. Iran aims to become the leading player in petrochemicals in the Mideast by 2025, said Abdolhossein Bayat, Iran’s deputy minister...
http://www.chemweek.com/sections/business_finance/europe_mideast/Iran-Eyes-Leadership-in-Mideast-Petrochemical-Industry_35083.html
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