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November 25, 2014
The European Commission has adopted a communication from European trade commissioner Cecilia Malmström putting forth decisions on enhanced transparency of the Transatlantic Trade...
http://www.chemweek.com/sections/business_finance/usa_americas/European-Commission-agrees-to-enhanced-transparency-on-TTIP-talks_65681.html
November 21, 2014
Brazil’s competition authority CADE (Brasilia) has rejected Braskem’s proposed acquisition of Solvay’s 70.59% stake in chlorvinyls company Solvay Indupa (Buenos Aires). The decision was taken during a public hearing held on 12 November, Solvay says. The remaining 29.41% of Solvay Indupa is listed on the stock exchange....
http://www.chemweek.com/sections/business_finance/usa_americas/Brazil-blocks-Braskems-acquisition-of-Solvay-Indupa_65585.html
November 21, 2014
lone Star natural gas liquids’ (NGL) board has approved the construction of a 533-mile, 24- and 30-inch pipeline that will carry NGLs from the Permian Basin to Mont Belvieu, TX...
http://www.chemweek.com/sections/business_finance/usa_americas/Lone-Star-commits-to-$1-50-billion-in-pipelines-for-US-Gulf-Coast_65586.html
November 21, 2014
Ethylene production at Shell’s Norco, LA, refinery has returned to normal, the company said on 19 November. Production was interrupted on 13 November, when Shell shut down a...
http://www.chemweek.com/sections/business_finance/usa_americas/Shell-Norco-fire-ignites-spot-ethylene-rally_65587.html
November 21, 2014
Ashland announced on 14 November that its board has elected William Wulfsohn to be chairman and CEO, effective 1 January 2015. Wulfsohn replaces James O’Brien, who is retiring...
http://www.chemweek.com/sections/business_finance/usa_americas/Ashland-names-new-CEO_65598.html
November 21, 2014
A chemical leak at DuPont’s La Porte, TX, facility killed four employees and injured a fifth....
http://www.chemweek.com/sections/business_finance/usa_americas/Methyl-mercaptan-leak-at-DuPont-facility-kills-four_65599.html
November 21, 2014
International Flavors & Fragrances (IFF) has announced that its current executive v.p. and CFO, Kevin Berryman, will be leaving the company to take a senior leadership role outside...
http://www.chemweek.com/sections/business_finance/usa_americas/IFF-CFO-to-step-down-interim-CFO-named_65600.html
November 21, 2014
The National Association of Chemical Distributors (NACD) and ACC have announced the renewal of a memorandum of understanding (MOU) between the two organizations at NACD’s annual meeting, held 17–20 November at Scottsdale, AZ, and updated members on new practices within Responsible Care and Responsible Distribution. The regulatory outlook was also assessed, with executives saying safety and environmental rules are proliferating....
http://www.chemweek.com/sections/business_finance/usa_americas/NACD-2014-ACC-NACD-renew-MOU-regulatory-hurdles-persist_65614.html
November 21, 2014
Chemtura on 13 November said it will slash manufacturing costs by about $50 million/year, or about 10% of the total, as part of a restructuring program. The restructuring will also cut...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemtura-details-restructuring-efforts-considers-future-M-and-A_65615.html
November 14, 2014
Sunoco Logistics has concluded the open season for the company’s $2.5-billion Mariner East 2 pipeline project. The pipeline will carry natural gas liquids (NGLs) from the...
http://www.chemweek.com/sections/business_finance/usa_americas/Sunoco-advances-Mariner-2-plans-PDH-at-Marcus-Hook_65390.html
November 14, 2014
Flint Hills Resources (Wichita, KS) plans to close its 85,000-m.t./year Marysville, MI, polypropylene (PP) plant in July 2015. Production will be shifted to the company’s Longview...
http://www.chemweek.com/sections/business_finance/usa_americas/Flint-Hills-to-close-Marysville-MI-polypropylene-plant-in-July_65389.html
November 14, 2014
Vertellus Specialties (Indianapolis) has acquired Pentagon Chemicals (Halebank, UK), a maker of fine and specialty chemicals for the life science market, Vertellus president and CEO...
http://www.chemweek.com/sections/business_finance/usa_americas/Vertellus-Specialties-acquires-UKs-Pentagon-Chemicals_65391.html
November 14, 2014
Commodity producers in the Americas have turned in a mixed bag of third-quarter results. Demand has strengthened, but some markets have presented special challenges. ExxonMobil’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Commodity-producers-report-solid-demand-in-the-third-quarter_65416.html
November 14, 2014
Later-reporting specialty chemical companies mostly beat estimates in the third quarter, as sales increased in many businesses. The volumes of Ashland’s specialty ingredients...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialties-firms-post-higher-third-quarter-revenues_65417.html
November 14, 2014
Ballooning trade deficits and how Latin American can emulate North America’s investment boon with its own shale gas resources dominated discussion at the 34th annual meeting of...
http://www.chemweek.com/sections/business_finance/usa_americas/APLA-2014-Investment-lags-but-shale-prospects-emerge_65421.html
November 14, 2014
Eastman Chemical is forecasting 8–12% annual earnings growth for the next three years. Earnings in 2014 are expected to approach $7.00/share, up from $6.44 in 2013, with 2015...
http://www.chemweek.com/sections/business_finance/usa_americas/Eastman-sees-strong-earnings-growth-through-2017_65422.html
November 14, 2014
Momentive Specialty Chemicals (MSC) plans to build two formaldehyde plants in Louisiana. Investment will total $66 million, with construction occurring through 2014 and 2015. Combined...
http://www.chemweek.com/sections/business_finance/usa_americas/Momentive-to-build-two-formaldehyde-plants-in-Louisiana_65423.html
November 14, 2014
Shell Chemical is exercising its option to buy a site in Monaca, PA, for a potential world-scale ethylene and derivatives project, according to Horsehead Holding, owner of the site...
http://www.chemweek.com/sections/business_finance/usa_americas/Shell-to-buy-Monaca-PA-site-for-potential-cracker-project_65424.html
November 10, 2014
Virent (Madison, WI) and the PlantPET Technology Collaborative (PTC) have announced that they have signed an expression of interest that provides individual members of the PTC an...
http://www.chemweek.com/sections/business_finance/usa_americas/Virent-PlantPET-Technology-Collaborative-sign-expression-of-interest-on-plant-based-p-xylene_65253.html
October 31, 2014
BASF says its BASF Venture Capital subsidiary has invested $1.5 million in SLIPS Technolgies (Cambridge, MA), part of a $3 million series A financing. Swiss entrepreneur and private...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-invests-$1-5-million-in-SLIPS-Technologies-signs-joint-development-agreement_64890.html
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