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February 27, 2015
ACC today began a communications campaign to highlight recent conclusions from the European Food Safety Authority (EFSA; Parma, Italy) and the US FDA regarding the safety of bisphenol...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-highlights-recent-conclusions-on-BPA-"FDA-and-EFSA-assessments-clearly-state-that-BPA-is-safe"_68186.html
February 27, 2015
Results have been mixed for late-reporting specialty chemical makers as the effects of lower oil works its way through specialties product chains. Chemtura beat estimates despite...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-mixed-firms-expect-solid-2015_68130.html
February 27, 2015
Westlake reports net income for the fourth quarter of $183 million, up 7% year-on-year (YOY) from $171 million on the advantage of converting the Calvert City, KY, ethylene plant to...
http://www.chemweek.com/sections/business_finance/usa_americas/Westlake-income-up-7-percent-on-feeds-MLP-makes-first-quarterly-report_68131.html
February 27, 2015
ACC’s Chemical Activity Barometer (CAB), a leading economic indicator index developed by ACC’s economics department, dipped 0.2% in February, as measured on a three-month...
http://www.chemweek.com/sections/business_finance/usa_americas/Severe-weather-dings-chemical-activity-in-February_68132.html
February 27, 2015
Omnova Solutions has agreed to support two board nominees backed by activist investor Barington Capital (New York), avoiding a possible proxy fight....
http://www.chemweek.com/sections/business_finance/usa_americas/Omnova-and-Barington-reach-agreement-on-board-seats_68133.html
February 27, 2015
The United Steelworkers (USW; Pittsburgh) expanded its strike on 21 February to include Motiva’s refinery in Port Arthur, TX, Motiva’s two Louisiana refineries in Convent...
http://www.chemweek.com/sections/business_finance/usa_americas/USW-strike-expands-to-include-Motiva-refineries_68145.html
February 27, 2015
Braskem has not yet approved its 2015 investment budget, and the company's board has decided to take a couple extra months to refine it because of the volatility in energy markets earlier this year, Carlos Fadigas, CEO of Braskem, said during a recent analyst call....
http://www.chemweek.com/sections/business_finance/usa_americas/Future-of-Braskems-Comperj-petchems-project-uncertain_68121.html
February 27, 2015
LyondellBasell Industries said on 24 February that it has reached an agreement with Karyn Ovelmen, executive v.p. and CFO, for her “separation from the company.” Ovelmen will...
http://www.chemweek.com/sections/business_finance/usa_americas/LyondellBasell-CFO-to-depart-names-new-chief-legal-officer_68134.html
February 27, 2015
Axiall is busily reshaping its portfolio. On 26 February, the company announced the sale of its La Porte, TX–based phosgene derivatives business to Altivia Chemicals (Houston) for an undisclosed sum....
http://www.chemweek.com/sections/business_finance/usa_americas/Axiall-sells-phosgene-postpones-cracker-pursues-chlor-alkali-MLP_68146.html
February 24, 2015
LyondellBasell said today that it has reached an agreement with Karyn Ovelmen, executive v.p. and CFO, for her “separation from the company.” Ovelmen will continue as CFO for up to three months under the agreement while the company conducts a search for her successor....
http://www.chemweek.com/sections/business_finance/usa_americas/LyondellBasells-CFO-to-leave-the-company_68035.html
February 20, 2015
Braskem’s second six-month contract covering naphtha feedstock supplies from Petrobras expires at the end of February. Braskem does not anticipate agreeing on a long-term feedstock contract before then given Petrobras’s leadership changes that were announced earlier in the month, said Carlos Fadigas, CEO of Braskem, during the company’s fourth-quarter financial results call....
http://www.chemweek.com/sections/business_finance/usa_americas/Long-term-naphtha-supply-contract-unlikely-for-Braskem_67915.html
February 20, 2015
Braskem swung to a net loss of 24.0 million reais ($8.4 million) during the last quarter of 2014; the company broke even in the same quarter of 2013. However, for the whole of 2014...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-swings-to-net-loss-in-fourth-quarter-revenue-up-8-percent_67916.html
February 20, 2015
Olin said on 10 February that a portion of its McIntosh, AL, facility was unable to return to full operations following a planned maintenance outage. “This outage will impact our...
http://www.chemweek.com/sections/business_finance/usa_americas/Olin-declares-force-majeure-on-chlorine-salt-at-McIntosh-AL_67917.html
February 20, 2015
Specialty chemical earnings are once again mixed, with solid growth in some markets and softness in others. International Flavors & Fragrances (IFF) reports solid results across...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialties-earnings-vary-by-end-market_67951.html
February 20, 2015
The immediate effect of declining crude oil prices on the petrochemical market has been destocking and a pause in investment, but in the longer term demand will surge past earlier...
http://www.chemweek.com/sections/business_finance/usa_americas/Petchems-to-surge-tighten-after-near-term-weakness-on-oil_67952.html
February 20, 2015
Quinpario Acquisition 2, the new blank-check fund formed by former Solutia CEO Jeffry Quinn, is eyeing Arsenal Capital’s Royal Adhesives & Sealants (South Bend, IN), in a...
http://www.chemweek.com/sections/business_finance/usa_americas/Report-Firm-eyeing-Royal-Adhesives_67953.html
February 20, 2015
The United Steelworkers (USW; Pittsburgh) union and Royal Dutch Shell restarted negotiations 18 February regarding a new three-year labor contract agreement. USW is still seeking...
http://www.chemweek.com/sections/business_finance/usa_americas/Strike-continues-as-USW-extends-action-to-two-BP-refinery-sites_67954.html
February 20, 2015
Recent commodity earnings reports reflect a difficult fourth quarter, but the companies present an optimistic outlook for 2015. Huntsman swung to a loss on lower earnings from the...
http://www.chemweek.com/sections/business_finance/usa_americas/Commodity-firms-still-optimistic-despite-difficult-fourth-quarter_67950.html
February 20, 2015
Yara International and BASF have given final approvals to build a previously announced; 750,000-m.t./year ammonia plant at BASF’s site at Freeport, TX. The companies first announced plans for the project in October 2013. The plant is expected to be completed by the end of 2017. Total capital investment for the plant is estimated at $600.0 million....
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-Yara-confirm-ammonia-plans-Praxair-to-supply-H2_67959.html
February 20, 2015
Air Liquide intends to build a $170.0-million air separation unit (ASU) that will supply Shandong Yuhuang Chemical’s (Heze City, China) planned, world-scale methanol project in St...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Liquide-plans-$170-million-ASU-for-methanol-project_67960.html
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