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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AkzoNobel is investing €140 million ($201.2 million) in a project to convert an outdated mercury-process chlor-alkali plant at Frankfurt to membrane technology.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
May 16, 2011
Jourquin: 'New' Solvay will be less cyclical. Solvay’s recently agreed €3.4-billion ($4.9 billion) takeover of Rhodia will help Solvay to align itself with global mega...
http://www.chemweek.com/sections/business_finance/europe_mideast/Jourquin-Outlines-His-Vision-for-the-New-Solvay-Following-the-Takeover-of-Rhodia_34819.html
May 16, 2011
European chemical companies continue to report strong first-quarter 2011 earnings on the back of improved volumes and selling prices compared with the same period of last year (CW, May...
http://www.chemweek.com/sections/business_finance/europe_mideast/Earnings-Rise-in-Europe-on-Improved-Demand-and-Prices_34818.html
May 16, 2011
DSM, and starch and starch derivatives company Roquette Frères (Lestrem, France), have announced plans to build a commercial-scale plant to produce bio-based succinic acid, the...
http://www.chemweek.com/sections/business_finance/europe_mideast/DSM-and-Roquette-Build-Commercial-Scale-Bio-Based-Succinic-Acid-Plant_34775.html
May 16, 2011
Handing over: Kurt Bock (r.) is BASF’s new number one. BASF reported a “powerful start to 2011” with first-quarter Ebitda advancing 28% compared with the prior-year...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-Reports-Strong-Results-as-Kurt-Bock-Takes-the-Helm_34774.html
May 6, 2011
European chemical companies reported strong first-quarter 2011 earnings because of improved volumes and increased selling prices compared with the year-ago period. Producers are...
http://www.chemweek.com/sections/business_finance/europe_mideast/High-Volumes-Selling-Prices-Lift-European-Chemical-Results_34639.html
May 6, 2011
Environmental advocacy group ChemSec (Gothenburg, Sweden) has added 22 substances to a list of chemicals that it says should be banned under the European Union’s (EU) Registration...
http://www.chemweek.com/sections/business_finance/europe_mideast/Environmental-Group-Demands-EU-Action-on-Endocrine-Disrupting-Chemicals_34640.html
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