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January 12, 2015
The United States could more than triple the level of renewable energy in its overall energy by 2030, according to a report published today by the International Renewable Energy Agency...
http://www.chemweek.com/sections/business_finance/usa_americas/Report-US-could-triple-renewable-energy-by-2030_66747.html
January 9, 2015
Isobutanol producer Gevo (Englewood, CO) has announced that it produced over 50,000 gal of isobutanol via fermentation at its Luverne, MN, production plant. The company had previously...
http://www.chemweek.com/sections/business_finance/usa_americas/Gevo-hits-isobutanol-production-target-in-December_66708.html
January 9, 2015
LSB Industries, a maker of nitrogen-based chemicals and climate control equipment, says that chairman and CEO Jack Golsen stepped down as CEO and assumed the role of executive chairman...
http://www.chemweek.com/sections/business_finance/usa_americas/LSB-Industries-names-new-CEO_66672.html
January 9, 2015
Monsanto reports a 35% slide in first-quarter profits due to lower corn acres in South America and a shift in timing of herbicide sales but says it continues to expect overall...
http://www.chemweek.com/sections/business_finance/usa_americas/Lower-corn-acres-stunt-Monsantos-first-quarter-results_66673.html
January 9, 2015
Lubrizol has completed the previously announced acquisition of the US and Canadian operations of Weatherford International’s oilfield chemicals business and Weatherford’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Lubrizol-closes-Weatherford-Warwick-acquisitions_66686.html
January 9, 2015
DuPont and Monsanto have announced that they have agreed to settle and dismiss their respective patent infringement lawsuits pending in the US District Court at St. Louis. The...
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-Monsanto-settle-seeds-patent-litigation_66687.html
January 9, 2015
Statoil (Stavanger, Norway) says it has agreed to sell parts of its stake in the Marcellus Shale gas well to Southwestern Energy (Houston) for $394.0 million. The transaction reduces...
http://www.chemweek.com/sections/business_finance/usa_americas/Statoil-sells-parts-of-Marcellus-holding-to-Southwestern-Energy_66688.html
January 9, 2015
ACC’s monthly chemical activity barometer (CAB), measured on a three-month moving average (3MMA) basis, fell 0.1% in December 2014 following a 0.4% gain in November. The December CAB, however, is up 3.7% year-on-year (YOY)....
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-CAB-dips-in-December-to-moderate-this-year_66702.html
January 9, 2015
Mosaic, a major producer of phosphate and potash fertilizers, is planning to expand its ammonia plant in Louisiana. The company has awarded KBR the license and engineering contracts to...
http://www.chemweek.com/sections/business_finance/usa_americas/Mosaic-plans-to-expand-ammonia-plant-in-Louisiana_66703.html
January 9, 2015
Pacific Ethanol (Sacramento) has signed a definitive merger agreement to acquire Aventine Renewable Energy Holdings (Pekin, IL) for $190.0 million in stock. “This transaction...
http://www.chemweek.com/sections/business_finance/usa_americas/Pacific-Ethanol-buys-rival-in-deal-that-doubles-capacity_66704.html
January 7, 2015
The European Commission today published a range of documents related to the Transatlantic Trade and Investment Partnership (TTIP) that it is currently negotiating with the United...
http://www.chemweek.com/sections/business_finance/usa_americas/EU-Commission-publishes-TTIP-legal-texts-as-part-of-transparency-initiative_66615.html
December 30, 2014
Renewable Energy Group (REG; Ames, IA) says it has completed the acquisition of biodiesel producer Petrotec (Borken, Germany). An REG subsidiary, REG European Holdings, purchased a...
http://www.chemweek.com/sections/business_finance/usa_americas/REG-completes-acquisition-of-Germany-based-biodiesel-firm_66496.html
December 19, 2014
Berkshire Hathaway (Omaha, NE) has acquired Charter Brokerage (New York), a provider of trade services and customs drawback logistics to the oil and chemical industries, from private...
http://www.chemweek.com/sections/business_finance/usa_americas/Berkshire-Hathaway-buys-services-firm-from-Arsenal_66336.html
December 19, 2014
Sherwin-Williams (SW) on 12 December narrowed its full-year adjusted earnings guidance to $8.75–8.80/share compared with $8.70–8.80/share previously. Full-year sales are...
http://www.chemweek.com/sections/business_finance/usa_americas/Sherwin-Williams-narrows-guidance-details-Lowes-deal_66337.html
December 19, 2014
Canada’s producers of industrial chemicals are projecting a slight decline in sales volumes and profits in 2015 but a 30% increase in capital investment, according to a survey of...
http://www.chemweek.com/sections/business_finance/usa_americas/Canadian-producers-project-record-sales-for-2014-slight-decline-in-2015_66325.html
December 19, 2014
Enterprise Products Partners (Houston) has started a binding open season for a proposed expansion of the portion of its Panola Pipeline natural gas liquids (NGLs) system between...
http://www.chemweek.com/sections/business_finance/usa_americas/Enterprise-seeks-shippers-for-Panola-NGL-pipeline-expansion_66326.html
December 19, 2014
US ethylene prices continued to weaken the week ended 19 December despite production issues at Chevron Phillips Chemical’s (CPChem) Sweeny complex in Old Ocean, TX; and Dow...
http://www.chemweek.com/sections/business_finance/usa_americas/Production-issues-fail-to-lift-US-ethylene-prices_66327.html
December 19, 2014
Olin plans to close permanently the portion of the company’s Becancour, PQ, chlor-alkali facility that has been idle since late June, when an explosion occurred at the site. The...
http://www.chemweek.com/sections/business_finance/usa_americas/Olin-to-close-part-of-its-Canada-chlor-alkali-production-site_66329.html
December 19, 2014
Oilfield chemicals supplier WadeCo Specialties (Midland, TX) says it has acquired Select Chemicals Ltd. (Yorktown, TX), a maker of production chemicals for oil and gas operations in...
http://www.chemweek.com/sections/business_finance/usa_americas/WadeCo-acquires-oil-production-chemicals-maker_66330.html
December 19, 2014
MEGlobal (Dubai) has launched a front-end engineering design (FEED) study for construction of a world-scale ethylene glycol (EG) plant on the US Gulf coast. The plant is expected to...
http://www.chemweek.com/sections/business_finance/usa_americas/MEGlobal-studies-world-scale-ethylene-glycol-project-in-US_66331.html
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