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December 20, 2013
Evonik says that it has appointed Burkhard Zoller as North American CFO, effective 1 January. Zoller currently heads Evonik’s inorganic materials business unit for North America...
http://www.chemweek.com/sections/business_finance/usa_americas/Evonik-names-North-America-CFO_57579.html
December 20, 2013
FMC says it has agreed to sell its hydrogen peroxide (H2O2) business to private equity firm One Equity Partners (New York) for $200 million. FMC says it no longer considers the...
http://www.chemweek.com/sections/business_finance/usa_americas/FMC-to-sell-hydrogen-peroxide-business-to-One-Equity-Partners_57580.html
December 20, 2013
anufacturers of antibacterial hand soaps and body washes would be required to demonstrate that their products are safe for long-term daily use and are more effective than soap and water in preventing illness and the spread of certain infections under a prosposed rule issued by FDA on 16 December....
http://www.chemweek.com/sections/business_finance/usa_americas/FDA-proposed-rule-questions-benefits-of-antibacterial-soaps_57581.html
December 13, 2013
Elekeiroz (São Paulo) has acquired an oxo-gas plant from Air Products at Camaçari, Brazil, the company said on 9 December. The deal includes the transfer of the...
http://www.chemweek.com/sections/business_finance/usa_americas/Elekeiroz-acquires-Air-Products-oxo-gas-plant-in-Brazil_57329.html
December 13, 2013
Honeywell says it will invest $300 million to build a plant for hydrofluoroolefin (HFO)-1234yf, a car air-conditioning refrigerant, at the company’s Geismar, LA, site. The plant is expected to be operational in 2016, Honeywell says....
http://www.chemweek.com/sections/business_finance/usa_americas/Honeywell-plans-$300-million-HFO-1234yf-investment_57330.html
December 13, 2013
Waterfront Shipping (Vancouver, BC), the marine transportation subsidiary of Methanex, has reached an agreement with Mitsui O.S.K. Lines (MOL; Tokyo), Westfal-Larsen & Co. (WL...
http://www.chemweek.com/sections/business_finance/usa_americas/Methanex-to-add-methanol-powered-tankers-to-shipping-fleet_57331.html
December 13, 2013
Braskem and Genomatica (San Diego) have reached an agreement to jointly develop commercial process technology to make butadiene from renewable feedstocks. Braskem—the...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-and-Genomatica-to-develop-biobutadiene-technology_57354.html
December 13, 2013
Monsanto and Novozymes have entered into a long-term strategic alliance to jointly develop agricultural biologicals for global broadacre crops, fruits, and vegetables....
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-Novozymes-form-ag-biologicals-alliance_57355.html
December 13, 2013
Private equity firm Arsenal Capital (New York) has purchased Flowchem (Waller, TX), a maker of specialty chemicals for pipelines....
http://www.chemweek.com/sections/business_finance/usa_americas/Arsenal-Capital-buys-pipeline-chemicals-firm-Flowchem_57366.html
December 13, 2013
Mosaic has announced that it has entered into an agreement to repurchase 43.3 million restricted Class-A shares—roughly 10% of shares outstanding—over the next eight months from...
http://www.chemweek.com/sections/business_finance/usa_americas/Mosaic-to-repurchase-shares-from-Cargill-trusts_57367.html
December 13, 2013
Private equity firm Apollo Management (New York) is selling 10 million shares in Taminco at $20/share in a secondary public offering, the company says. Apollo, which owns 70.5% of...
http://www.chemweek.com/sections/business_finance/usa_americas/Apollo-to-cut-Taminco-stake_57368.html
December 13, 2013
The engineering team at Emerald Polymer Additives and Nitriles (Akron, OH), a business group of Emerald Performance Materials, has commissioned a pilot plant to expand the group’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Emerald-commissions-Nychem-pilot-plant_57370.html
December 13, 2013
Enterprise Products Partners says it expects commercial service on its Appalachia-to-Texas Express (ATEX) natural gas liquids (NGLs) pipeline to begin in January 2014. Enterprise says the process of injecting ethane into ATEX began in late November and will continue throughout December....
http://www.chemweek.com/sections/business_finance/usa_americas/Enterprise-begins-filling-Marcellus-to-Texas-NGL-pipeline_57371.html
December 6, 2013
Investments in the United States and China are key elements of Sabic’s new 2025 strategy, CEO Mohamed Al Mady told CW recently....
http://www.chemweek.com/sections/business_finance/usa_americas/Exclusive-US-and-China-are-key-focus-of-Sabics-strategy_57129.html
December 6, 2013
Merck KGaA (Darmstadt, Germany) is looking to strengthen its presence in the prescription pharmaceuticals market in the United States and is open to more collaborations and acquisitions....
http://www.chemweek.com/sections/business_finance/usa_americas/Merck-KGaA-eyes-pharma-acquisitions-in-the-US_57130.html
December 6, 2013
ACC president and CEO Cal Dooley, on 4 December, outlined a number of key policy issues, including an overhaul of the Toxic Substances Control Act (TSCA), a comprehensive energy policy, and the removal of barriers to trade as ACC’s top 2014 advocacy priorities....
http://www.chemweek.com/sections/business_finance/usa_americas/TSCA-reform-and-energy-policy-top-ACCs-agenda_57133.html
December 6, 2013
PotashCorp says it will reduce its workforce in Canada, the United States, and Trinidad by approximately 18%, equivalent to more than 1,000 people. “Despite confidence in the...
http://www.chemweek.com/sections/business_finance/usa_americas/PotashCorp-to-slash-more-than-1000-jobs-close-plants_57134.html
December 6, 2013
Dow Corning says it will buy out Mitsubishi Materials’ (Tokyo) stake in the Hemlock Semiconductor Group joint ventures for $240 million. Dow Corning has purchased Mitsubishi Materials’ 12.125% ownership share in both Hemlock Semiconductor Corp. and Hemlock Semiconductor LLC....
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-Corning-buys-Mitsubishi-Materials-stake-in-Hemlock_57135.html
December 6, 2013
Sulfuric acid maker Chemtrade (Toronto) says it has acquired General Chemical (Parsippany, NJ) from private equity firm American Securities (New York) for $860 million. General...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemtrade-acquires-General-Chemical-from-private-equity_57136.html
December 6, 2013
Solvay has agreed to acquire the specialty chemical assets of Erca Química (Itatiba, Brazil), a subsidiary of Erca Group (Grassobbio, Italy). Solvay says the acquisition more...
http://www.chemweek.com/sections/business_finance/usa_americas/Solvay-to-acquire-Erca-Groups-specialty-chemical-assets_57137.html
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