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January 23, 2015
Praxair says it is changing the exchange rate used for its Venezuelan business to line up with the Sicad II rate of 50 bolivars to the dollar rather than government’s official...
http://www.chemweek.com/sections/business_finance/usa_americas/Praxair-to-shift-exchange-rate-for-Venezuela-operations_67117.html
January 23, 2015
Mosaic says it expects that reported phosphates volume and phosphates and potash margins will exceed previously provided guidance ranges and that potash volumes will be at the high end of the company’s guidance range, resulting in fourth-quarter 2014 earnings per diluted share of 93–98 cts, including approximately 10 cts in net benefits from notable items....
http://www.chemweek.com/sections/business_finance/usa_americas/Mosaic-raises-guidance-on-strong-volumes-and-margins_67118.html
January 23, 2015
Ube Industries says it has increased its stake in Advanced Electrolyte Technologies (AET; Midland, MI) and intends to raise its stake further by the end of March. AET was established...
http://www.chemweek.com/sections/business_finance/usa_americas/Ube-Industries-raises-stake-in-electrolytes-JV-with-Dow_67145.html
January 23, 2015
Albemarle on 20 January announced a corporate realignment following the close of its $6.2-billion acquisition of Rockwood Holdings earlier in the month....
http://www.chemweek.com/sections/business_finance/usa_americas/Albemarle-realigns-structure-after-Rockwood-deal-close_67134.html
January 23, 2015
Monsanto says the US Department of Agriculture has deregulated its dicamba-tolerant trait technologies—Roundup Ready 2 Xtend soybeans and Bollgard II XtendFlex cotton. These weed...
http://www.chemweek.com/sections/business_finance/usa_americas/USDA-deregulates-Monsanto-weed-control-traits_67135.html
January 23, 2015
LyondellBasell Industries says three senior executives—Timothy Roberts, Patrick Quarles, and Kevin Brown—have assumed expanded roles within the company. “These...
http://www.chemweek.com/sections/business_finance/usa_americas/LyondellBasell-expands-role-of-three-senior-execs-as-new-CEO-takes-helm_67136.html
January 23, 2015
Brazil’s chemical trade deficit totaled about $31.2 billion in 2014—approximately $400.0 million below estimates disclosed by the country’s chemical industry association, Abiquim (São Paulo) during its annual meeting last December, Abiquim says....
http://www.chemweek.com/sections/business_finance/usa_americas/Brazils-chemical-trade-deficit-drops-2-4-percent-in-2014_67143.html
January 23, 2015
Blank check firm Quinpario Acquisition Corp. 2 has priced its initial public offering at $10/share, with the company hoping to raise $350.0 million from the offering. Quinpario was...
http://www.chemweek.com/sections/business_finance/usa_americas/Second-Quinpario-fund-plans-$350-million-IPO-to-facilitate-buyouts_67144.html
January 19, 2015
Crude oil prices have not been low for long enough to curtail chemical production growth in the United States, IHS Chemical says. Brent crude and West Texas Intermediate (WTI) prices...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemical-industry-to-reap-benefits-of-lower-oil-prices_66874.html
January 19, 2015
PPG Industries on 15 January reported fourth-quarter net income from continuing operations of $86.0 million, or 62 cts/share, down 64% year-on-year (YOY), on sales up 6.0%, to $3.71 billion....
http://www.chemweek.com/sections/business_finance/usa_americas/PPG-beats-estimates-but-earnings-decline-on-charges_66892.html
January 16, 2015
Germany’s chemical trade association VCI (Frankfurt) says it welcomes the public debate on investor protection during a plenary debate on the topic in Germany’s parliament...
http://www.chemweek.com/sections/business_finance/usa_americas/VCI-Excluding-ISDS-from-TTIP-would-be-totally-wrong_66942.html
January 16, 2015
Two surprises greeted US Gulf Coast ethylene buyers returning from New Year’s holidays: a maintenance shutdown at Chevron Phillips Chemical’s (CPChem) Cedar Bayou complex...
http://www.chemweek.com/sections/business_finance/usa_americas/US-ethylene-prices-drop-on-rumors-of-problems-in-Evangeline-pipeline_66875.html
January 16, 2015
The United States could increase the level of renewable energy in its overall energy mix from 7.5% in 2010 to 27% by 2030, according to a report published by the International...
http://www.chemweek.com/sections/business_finance/usa_americas/Report-US-could-triple-renewable-energy-by-2030_66876.html
January 16, 2015
Braskem says that it has improved the efficiency of naphtha usage at the company’s petrochemical complex at Triunfo, Brazil. The improvement was made at the site’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-boosts-efficiency-at-Brazil-site_66891.html
January 16, 2015
Albemarle on 12 January completed the $6.20-billion acquisition of Rockwood Holdings, which was announced in July 2014. Rockwood will become a wholly owned subsidiary of Albemarle, and...
http://www.chemweek.com/sections/business_finance/usa_americas/Albemarle-completes-$6-2-billion-Rockwood-acquisition_66893.html
January 16, 2015
The Obama Administration has announced a goal to cut emissions of methane from the oil and gas sector by 40–45% by 2025 compared with the levels in 2012. Methane is a potent...
http://www.chemweek.com/sections/business_finance/usa_americas/Obama-aims-to-cut-methane-emissions-from-oil-sector-by-4045-percent_66894.html
January 16, 2015
The Obama Administration has selected Dow Chemical, in partnership with its joint venture DowAksa (Istanbul), and a consortium of composites-related businesses, academic leaders, and government organizations, to establish the Institute for Advanced Composites Manufacturing Innovation (Iacmi) at Knoxville, TN, Dow says....
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-to-establish-advanced-composites-institute_66895.html
January 16, 2015
Arsenal Capital’s Royal Adhesives (South Bend, IN) has purchased the assets of Advanced Polymers International (API; Syracuse, NY) from Paper Conversions (Syracuse) for an...
http://www.chemweek.com/sections/business_finance/usa_americas/Arsenal-Capitals-Royal-buys-label-adhesive-maker_66896.html
January 15, 2015
The Obama administration has announced a goal to cut emissions of methane from the oil and gas sector by 40–45% by 2025, compared with the levels in 2012. Methane is a potent...
http://www.chemweek.com/sections/business_finance/usa_americas/Obama-administration-aims-to-cut-methane-emissions-from-oil-and-gas-sector-by-40-45-percent_66847.html
January 13, 2015
The European Commission has today published its analysis of the response received during its online consultation on the investor-state dispute settlement (ISDS) clause in the...
http://www.chemweek.com/sections/business_finance/usa_americas/European-Commission-reports-analysis-of-online-consultation-on-investor-state-dispute-settlement-in-TTIP_66797.html
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