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March 26, 2015
The European Parliament's committee on Industry, Research and Energy (ITRE) says that the transatlantic trade and investment partnership (TTIP), currently being negotiated between the...
http://www.chemweek.com/sections/business_finance/usa_americas/TTIP-European-Parliament-committee-calls-for-support-of-SMEs-energy-intensive-sector-access-to-US-markets_68938.html
March 24, 2015
Biobased chemicals and fuels firm Gevo (Englewood, CO) announced today that it has signed a memorandum of understanding with Praj Industries (Pune, India) for the latter to become a...
http://www.chemweek.com/sections/business_finance/usa_americas/Gevo-licenses-iosbutanol-technology-to-Praj-Industries_68849.html
March 20, 2015
Mosaic says that, following its acquisition of Archer Daniels Midland’s distribution businesses in Brazil and Paraguay, it will change the reporting of its business segments....
http://www.chemweek.com/sections/business_finance/usa_americas/Mosaic-changes-reporting-updates-volume-and-price-guidance_68760.html
March 20, 2015
Royal Dutch Shell and the United Steelworkers (USW; Pittsburgh) union reached a tentative agreement 12 March on a four-year labor agreement, but not all petrochemical plant or refinery...
http://www.chemweek.com/sections/business_finance/usa_americas/Some-sites-still-in-discussions-with-USW-following-Shell-settlement_68761.html
March 20, 2015
Wacker Chemie says that the construction of its $2-billion polysilicon plant at Charleston, TN, is in the “home straight” and will ramp up to full capacity in this year...
http://www.chemweek.com/sections/business_finance/usa_americas/Wacker-staying-the-course-on-US-polysilicon-investment_68762.html
March 20, 2015
One Rock Capital (New York), a private equity firm affiliated with Mitsubishi Corp., has purchased a stake in Compass Chemical (Smyrna, GA), a maker of organophosphates. Terms of the...
http://www.chemweek.com/sections/business_finance/usa_americas/One-Rock-Capital-buys-stake-in-Compass-Chemical_68755.html
March 20, 2015
Albemarle has entered into discussions with its Mideast partner Ali & Sons Oilfield Supplies & Services (ASOS) to construct a manufacturing facility for fluidized catalytic...
http://www.chemweek.com/sections/business_finance/usa_americas/Albemarle-plans-Mideast-FCC-plant-scales-back-mineral-FR_68756.html
March 20, 2015
Antioxidants maker Addivant, owned by private equity firm SK Capital (New York), on 17 March named John Steitz CEO. Steitz was most recently COO at PQ Corp. and has served as COO of Albemarle and CEO of Avantor Performance Materials....
http://www.chemweek.com/sections/business_finance/usa_americas/SK-Capitals-Addivant-antioxidants-unit-names-PQ-exec-as-CEO_68757.html
March 20, 2015
LSB Industries (Oklahoma City) has begun a search to fill a new position on its senior management team, president of the LSB chemical business. “We’ve made significant...
http://www.chemweek.com/sections/business_finance/usa_americas/LSB-starts-search-for-head-of-chemical-business_68758.html
March 20, 2015
Canexus (Calgary, AB) says that it has engaged a financial adviser to explore the potential sale of Canexus’s chlor-alkali operation at North Vancouver, BC. The company says that...
http://www.chemweek.com/sections/business_finance/usa_americas/Canexus-explores-selling-Canada-chlor-alkali-business_68759.html
March 13, 2015
US Senators David Vitter (R., LA) and Tom Udall (D., NM) on 10 March introduced the Frank R. Lautenberg Chemical Safety for the 21st Century Act, major bipartisan legislation aimed at updating the Toxic Substances Control Act (TSCA) of 1976....
http://www.chemweek.com/sections/business_finance/usa_americas/Industry-welcomes-latest-bipartisan-TSCA-reform-bill_68534.html
March 13, 2015
DuPont and activist hedge fund Trian Fund Management (New York) early in March traded barbs over DuPont’s rejection of a universal proxy card for the company’s upcoming...
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-Trian-spar-over-proxy-card-Trian-wants-Chemours-board-seats_68535.html
March 13, 2015
Trinseo reports a net loss of $30 million for the fourth quarter, down from a net profit of $11 million in the year-ago quarter largely because of inventory revaluation driven by declining crude oil prices....
http://www.chemweek.com/sections/business_finance/usa_americas/Trinseo-swings-to-loss-on-inventory-revaluation_68538.html
March 13, 2015
Huntsman says that it plans to restructure its color pigments business, including reducing its head count by 120 positions. The move forms part of a previously announced plan to...
http://www.chemweek.com/sections/business_finance/usa_americas/Huntsman-to-cut-120-jobs-in-color-pigments-business_68533.html
March 13, 2015
M&A activity in the chemical industry increased in 2014 as compared with the year prior with both value and volume increases. M&A deal equity value rose 58% year-on-year (YOY), to $49 billion, in 2014, according to data compiled by Young & Partners (Y&P; New York), an investment bank. Deal value was over double the 2012’s figure; however, it remained 40% below the previous peak of $82 billion, reached in 2011....
http://www.chemweek.com/sections/business_finance/usa_americas/Chemicals-M-and-A-activity-increased-in-2014_68536.html
March 13, 2015
Hexion and OM Group both report losses due to special charges early in March, with sales also down because of currency impacts. Hexion, formerly Momentive Specialty Chemicals, reports...
http://www.chemweek.com/sections/business_finance/usa_americas/Hexion-OM-Group-report-losses-sales-fall-on-currency-impact_68537.html
March 13, 2015
Valero Energy (San Antonio) has not included a previously announced methanol project in Louisiana in the company’s capital expenditure (capex) budgets for 2015 or 2016. Valero...
http://www.chemweek.com/sections/business_finance/usa_americas/Valeros-Louisiana-methanol-project-is-delayed_68539.html
March 13, 2015
Whistleblowers have implicated Braskem in the corruption scandal surrounding state-owned oil producer Petrobras (Rio de Janeiro), according to a report from newspaper Folha de S...
http://www.chemweek.com/sections/business_finance/usa_americas/Whistleblowers-implicate-Braskem-in-Petrobras-scandal_68542.html
March 13, 2015
The US Coast Guard says the Houston Ship Channel was reopened on 12 March, three days after two ships collided, forcing the waterway to close. The shutdown snarled chemical traffic in...
http://www.chemweek.com/sections/business_finance/usa_americas/Tanker-collision-snarls-Houston-Ship-Channel-traffic_68543.html
March 13, 2015
The United Steelworkers (USW; Pittsburgh) said 12 March that it has reached a tentative agreement on a four-year contract with Royal Dutch Shell that is expected to serve as a pattern agreement for the rest of the industry....
http://www.chemweek.com/sections/business_finance/usa_americas/USW-and-Shell-tentatively-agree-to-end-US-strike_68544.html
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