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December 9, 2014
Cecilia Malmström, recently confirmed European commissioner for trade, appeared before the European Parliament recently to answer questions about the transatlantic trade and...
http://www.chemweek.com/sections/business_finance/usa_americas/New-European-trade-commissioner-Malmstrom-answers-MEPs-questions-on-TTIP_65993.html
December 8, 2014
The European Commission says in a report that European companies must boost investment in research to remain competitive in the global environment. Investment in R&D by companies...
http://www.chemweek.com/sections/business_finance/usa_americas/Report-Europe-must-boost-R-and-D-investment-to-remain-competitive_65957.html
December 5, 2014
At a public hearing this week, members of the European Parliament (MEPs) grilled negotiators and experts involved in the trade discussions with the United States over the Transatlantic...
http://www.chemweek.com/sections/business_finance/usa_americas/MEPs-grill-TTIP-negotiators_65931.html
December 5, 2014
Huntsman says it will cut 900 jobs in its titanium dioxide (TiO2) pigments and additives segment as part of a restructuring effort expected to generate savings of $130.0 million/year by mid-2016....
http://www.chemweek.com/sections/business_finance/usa_americas/Huntsman-to-cut-900-jobs-in-TiO2-and-addtives-segment_65839.html
December 5, 2014
EPA said on 26 November that it was proposing stricter ozone standards within a range of 65–70 parts per billion (ppb)while taking comment on a level as low as 60 ppb. EPA last...
http://www.chemweek.com/sections/business_finance/usa_americas/Industry-groups-criticize-EPA-plan-for-stricter-ozone-standards_65840.html
December 5, 2014
Dow Chemical and hedge fund Third Point (New York) reached an agreement 21 November that will add four new independent directors to Dow’s board, averting a proxy fight next spring....
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-Third-Point-reach-agreement-on-board-seats_65877.html
December 5, 2014
Williams Partners expects its expanded Geismar, LA, plant to begin producing ethylene for sale in December. The plant, which has been off-line since an explosion in June 2013, has been...
http://www.chemweek.com/sections/business_finance/usa_americas/Williams-says-Geismar-plant-to-make-ethylene-for-sale-in-December_65878.html
December 5, 2014
Westlake Chemical (Houston) has hired Technip for a portion of its $330-million ethylene project at Lake Charles, LA. The company has also initiated a new $250-million share repurchase...
http://www.chemweek.com/sections/business_finance/usa_americas/Westlake-hires-Technip-for-Lake-Charles-ethylene-project_65879.html
December 5, 2014
ACC says its chemical activity barometer (CAB) gained 0.2% in November, measured on a three-month moving average. Year-on-year, the CAB is up 3.7%, suggesting modest gains and an...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-CAB-inches-slightly-higher-in-November_65838.html
December 5, 2014
Capital Southwest (Dallas), an investment holding company, has announced plans to split into two publicly traded entities—one in specialty chemicals and industrial products and...
http://www.chemweek.com/sections/business_finance/usa_americas/Capital-Southwest-to-spin-off-specialty-chemical-assets_65901.html
December 5, 2014
M&A activity in the chemicals sector rose significantly on a sequential basis during the third quarter, with $30.9 billion in deals over $25 million completed, according to data...
http://www.chemweek.com/sections/business_finance/usa_americas/Banker-Major-acceleration-in-chemicals-M-and-A-during-third-quarter_65903.html
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
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