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June 26, 2015
Axiall (Atlanta) and Lotte Chemical (Seoul) have settled on arrangements for a joint venture to build and operate a 1-million m.t./year ethane cracker in Louisiana. The partners expect...
June 26, 2015
Shell has received an air-quality permit to build its planned Appalachian petrochemical project at Monaca, PA, from the Pennsylvania Department of Environmental Protection. Shell’s...
June 26, 2015
Williams (Tulsa, OK) has rejected an unsolicited, $53.1-billion acquisition bid from Energy Transfer Equity (ETE; Dallas). Instead, Williams will explore alternatives that could...
June 26, 2015
Chemours is set to make its market debut on 1 July, but prespin-off trading has been choppy as investors question the company’s ability to fund a $400-million/year dividend assigned...
June 26, 2015
Rare earths miner Molycorp filed for Chapter 11 bankruptcy protection on 25 June for most of its US operations in order to restructure its $1.7 billion in debt obligations. Under the...
June 26, 2015
CF Industries (Deerfield, IL) plans to debottleneck its urea plant at the Courtright nitrogen complex in Sarnia, ON, beginning later this year. The company expects to complete the...
June 15, 2015
Haverhill Chemicals (Houston) is working to secure alternative sources of financing after banks unexpectedly withdrew their support, company sources close to the matter have told IHS...
June 15, 2015
Hess Corp. (New York) has agreed to sell a 50% interest in its Bakken midstream assets to Global Infrastructure Partners $2.675 billion in cash to create a new joint venture, Hess...
June 15, 2015
DuPont said 5 June that shareholders will receive one share of Chemours common stock for every five shares of DuPont held, payable on 1 July. Chemours shares will be distributed to DuPont stockholders of record as of 5 pm on 23 June....
June 15, 2015
Innospec has agreed to divest its aroma chemicals unit to a business group of Emerald Performance Materials (Cuyahoga Falls, OH) for about $40.5 million, less assumed debt. The aroma...
June 15, 2015
Molycorp, the sole US-based maker of rare earth oxides, is preparing to file for bankruptcy, according to a report in the Wall Street Journal. The company had $1.7 billion in debt and...
June 15, 2015
International Flavors & Fragrances (IFF) made a binding €283-million ($317 million) offer for Lucas Meyer Cosmetics (Quebec City), a subsidiary of Unipex Group (Paris). The transaction, which will be funded from existing resources, is expected to add revenues of about €40 million on an annualized basis, IFF says....
June 15, 2015
Omnova Solutions is shutting down styrene butadiene (SB) latex production at its facilities in Calhoun, GA and Mogadore, OH, as part of a cost-cutting program expected to save the...
June 15, 2015
Sid Richardson Carbon and Energy (SRCE; Fort Worth, TX) is planning the construction of a carbon black production facility in Mexico, with start-up slated for 2017. Sid Richardson has not identified the specific location nor the cost of the project, which would be the company’s first production plant outside the United States....
June 15, 2015
Private equity firm Apollo Management (New York) says has agreed to acquire OM Group for about $1.03 billion, or $34/share....
June 15, 2015
TPC Group (Houston) says that chairman and CEO Michael McDonnell will resign from the company, effective 15 June. Miguel Desdin, senior v.p. and CFO of TPC, has been appointed interim...
June 15, 2015
Despite some macroeconomic pressures, US chemicals volumes are expected to rise 3.2% year-on-year (YOY) for all of 2015, according to ACC’s mid-year economic outlook report. US...
June 15, 2015
Legislation to reform of the Toxic Substances Control Act (TSCA) continue to advance in Congress with ACC president and CEO Cal Dooley expressing strong confidence that chemicals management reform will be signed into law by the end of 2015....
June 15, 2015
Williams Partners’ achieved on-spec ethylene last week at its Geismar, LA, olefins plant, according to market participants. A source close to the company said that the restart...
June 15, 2015
Westlake Chemical Partners (WLKP) says regulations proposed last month by the IRS would unfairly affect its shareholders and those of Westlake Chemical (WLK) by reversing a...
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