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September 17, 2014
Solvay has reached a deal to acquire the polyphenylene sulfide (PPS) business of Chevron Phillips Chemical (CPChem) for $220 million. Solvay will acquire two Ryton PPS resin manufacturing units at Borger, TX; its pilot plant and PPS R&D assets at Bartlesville, OK; a compounding plant at Kallo-Beveren, Belgium; and certain intellectual property relating to the PPS business. CPChem’s compounding unit at La Porte, TX, will remain part of CPChem and will provide temporary tolling services to Solvay....
http://www.chemweek.com/sections/business_finance/usa_americas/Solvay-to-acquire-CPChems-PPS-assets-for-$220-million_63704.html
September 15, 2014
Great Lakes Dredge & Dock (Oak Brook, IL) has been awarded a contract worth over $30 million to widen the entrance and jetty channels of the Freeport Ship Channel, near Freeport...
http://www.chemweek.com/sections/business_finance/usa_americas/Dredging-firm-to-widen-Freeport-Ship-Channel_63705.html
September 15, 2014
Bayer CropScience (BCS), the world’s second-largest agricultural chemicals player, has outlined targets and given details of projects that it is working on....
http://www.chemweek.com/sections/business_finance/usa_americas/Bayer-CropScience-outlines-targets-bets-on-biologics_63706.html
September 15, 2014
Braskem has joined Michelin and biobased farnesene maker Amyris (Emeryville, CA) in their efforts to develop a low-cost process to produce isoprene from renewable raw materials, Amyris...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-joins-renewable-isoprene-collaboration_63737.html
September 15, 2014
POET-DSM Advanced Biofuels (Sioux Falls, SD), a joint venture between Royal DSM and POET, opened its world-scale cellulosic ethanol plant at Emmetsburg, IA, on 3 September. The...
http://www.chemweek.com/sections/business_finance/usa_americas/POET-DSM-commissions-cellulosic-ethanol-plant_63738.html
September 15, 2014
Coca-Cola is making an additional investment in the development and commercialization of Virent’s (Madison, WI) registered biobased para -xylene ( p -xylene), BioFormPX, Virent says...
http://www.chemweek.com/sections/business_finance/usa_americas/Coke-invests-in-Virents-p-xylene_63739.html
September 15, 2014
Electric vehicle maker Tesla Motors has chosen Nevada as the site of its planned $5-billion battery manufacturing facility....
http://www.chemweek.com/sections/business_finance/usa_americas/Tesla-Panasonic-pick-Nevada-for-$5-billion-battery-gigafactory_63740.html
September 15, 2014
Albemarle has completed the previously announced sale of its antioxidant, ibuprofen, and propofol businesses and related assets to SI Group (Schenectady, NY), Albemarle said 2...
http://www.chemweek.com/sections/business_finance/usa_americas/Albemarle-SI-Group-close-antioxidant-sale_63776.html
September 15, 2014
Bemis (Neenah, WI) announced last week that it has agreed to sell its pressure-sensitive materials business, Mactac, to private equity firm Platinum Equity (Beverly Hills, CA) for $170...
http://www.chemweek.com/sections/business_finance/usa_americas/Bemis-sells-pressure-sensitive-materials-business-to-private-equity-firm_63777.html
September 15, 2014
CHS (St. Paul), a farmer-owned cooperative, says that it will construct a nitrogen fertilizer manufacturing plant at Spiritwood, ND. The board has approved plans for the $3-billion...
http://www.chemweek.com/sections/business_finance/usa_americas/Farmer-co-op-to-build-$3-billion-North-Dakota-nitrogen-plant_63778.html
August 29, 2014
Cyanco Holding (Houston) has expanded the capacity of its sodium cyanide solution plant in Winnemucca, NV, by 17,000 m.t./year, bringing the plant’s capacity to 110,000 m.t./year and...
http://www.chemweek.com/sections/business_finance/usa_americas/Cyanco-completes-Nevada-cyanide-expansion_63492.html
August 29, 2014
Mexichem (Tlanelpantla, Mexico) has reached an agreement to acquire Dura-Line (Knoxville, TN) from private equity firm CHS Capital (Chicago) for $630 million in cash and assumed liabilities, Mexichem says...
http://www.chemweek.com/sections/business_finance/usa_americas/Mexichem-acquires-HDPE-pipe-producer-for-$630-million_63493.html
August 29, 2014
Materials technology and recycling group Umicore (Brussels) says it has agreed to acquire the business and assets of CP Chemicals at Wickliffe, OH. CP is a refiner and recycler of...
http://www.chemweek.com/sections/business_finance/usa_americas/Umicore-to-buy-CP-Chemicals-business-and-assets-in-Ohio_63494.html
August 29, 2014
Albemarle’s $6.2-billion acquisition of Rockwood Holdings was the result of an off-and-on two-year courtship, according to a joint registration statement filed 28 August by the two...
http://www.chemweek.com/sections/business_finance/usa_americas/Albemarle-Rockwood-courted-for-two-years_63520.html
August 29, 2014
Coatings maker Axalta has filed with the SEC for an initial public offering worth up to $100 million, according to regulatory filings. The filing, which consists of a preliminary...
http://www.chemweek.com/sections/business_finance/usa_americas/Carlyles-Axalta-files-for-$100-million-IPO_63521.html
August 29, 2014
Hedge fund Third Point reports holding a 22-million share stake in Dow Chemical, valued at $1.1 billion, according to its second-quarter report on US-traded equity holdings filed with...
http://www.chemweek.com/sections/business_finance/usa_americas/Third-Point-confirms-1-8-percent-Dow-holding-takes-stake-in-FMC_63522.html
August 29, 2014
Agricultural biologicals will play a key role in meeting the challenges of feeding a rapidly growing global population, executives from Monsanto and Novozymes said during a recent...
http://www.chemweek.com/sections/business_finance/usa_americas/Microbial-alliance-could-transform-ag-industry_63523.html
August 29, 2014
ACC’s August chemical activity barometer (CAB) shows moderate growth over July. Measured on a three-month moving average (3MMA) basis, the CAB increased 0.2% over July, a deceleration from the 0.4% gain in July....
http://www.chemweek.com/sections/business_finance/usa_americas/Chemical-activity-inches-higher_63506.html
August 29, 2014
Quaker Chemical announced on 15 August that it has acquired specialty grease manufacturer ECLI Products (Aurora, IL) for $52 million. ECLI, with an estimated 2014 Ebitda of $7 million...
http://www.chemweek.com/sections/business_finance/usa_americas/Quaker-acquires-specialty-grease-maker-ECLI_63507.html
August 29, 2014
ACC’s v.p./regulatory and technical affairs, Michael Walls, on 22 August testified at a Senate Environment and Public Works Committee minority briefing at Lake Charles, LA, against...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-warns-against-EPAs-call-for-stricter-ozone-standards_63508.html
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