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April 4, 2014
Conditions supporting shale gas production in the United States are unique, and other countries will not easily replicate them, say Kenneth Medlock III, senior director of the Center...
http://www.chemweek.com/sections/business_finance/usa_americas/AFPM-IPC-Market-legal-issues-slow-shale-outside-of-US_60090.html
April 4, 2014
The chemical industry is as strong, vital, and essential as ever, but it has retreated from the public eye, leaving the stage to newcomers and detractors, says Frank Popoff, former Dow Chemical CEO (1987–95) and company chairman (1992–2000)....
http://www.chemweek.com/sections/business_finance/usa_americas/Former-Dow-CEO-Popoff-counsels-higher-industry-profile_60091.html
April 4, 2014
D ow Chemical announced on 31 March that its joint venture chlor-alkali facility with Mitsui & Co. has started full-scale production at Freeport, TX. The facility has capacity for...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-Mitsui-start-up-Freeport-chlor-alkali-joint-venture_60097.html
April 4, 2014
Balchem says it has agreed to acquire SensoryEffects (St. Louis), a privately held maker of food and beverage ingredients, for $567 million. SensoryEffects’ 2014 revenues should...
http://www.chemweek.com/sections/business_finance/usa_americas/Balchem-to-acquire-food-ingredients-maker_60098.html
April 4, 2014
The Intergovernmental Panel on Climate Change (IPCC; Geneva) says, in a report published at the end of March, that the effects of climate change are already occurring on all continents and across the oceans....
http://www.chemweek.com/sections/business_finance/usa_americas/IPCC-climate-report-urges-a-stronger-focus-on-adaptation_60100.html
April 4, 2014
Soybean sales and margin expansion lifted Monsanto’s fiscal second-quarter results above expectations, and the company reaffirmed its fiscal 2014 guidance of mid-teens earnings...
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-beats-expectations-on-strong-soybean-sales_60101.html
April 4, 2014
US exports of polyethylene (PE), polypropylene, and para -xylene, three of the largest primary petrochemical products, could double by 2025 thanks to shale gas, ExxonMobil Chemical president Stephen Pryor told attendees in a keynote address at the IHS Chemical World Petrochemical Conference at Houston on 26 March....
http://www.chemweek.com/sections/business_finance/usa_americas/US-exports-of-petrochemicals-could-double-by-2025-ExxonMobil-says_60102.html
April 4, 2014
While US producers have entered growth and investment mode thanks to the surge in unconventional energy production, producers in all regions must adapt in response to challenges in development of human resources; innovation and R&D; and cost and feedstock competitiveness, according to speakers on an executive panel at the IHS Chemical World Petrochemical Conference (WPC) in Houston on 26 March....
http://www.chemweek.com/sections/business_finance/usa_americas/IHS-WPC-Producers-adapt-to-rapidly-changing-landscape_60103.html
April 1, 2014
The Transatlantic Trade and Investment Partnership (TTIP), currently being negotiated between the European Union and the United States, is a “remarkable, historic...
http://www.chemweek.com/sections/business_finance/usa_americas/Cefics-Mandery-TTIP-an-historic-opportunity-but-regulatory-divide-must-be-addressed_59973.html
March 28, 2014
International Flavors & Fragrances (IFF) says it is realigning responsibilities under Nicolas Mirzayantz, president/fragrances, effective 1 April. The change includes creation of a...
http://www.chemweek.com/sections/business_finance/usa_americas/IFF-makes-organization-changes-in-fragrances-business-unit_59903.html
March 21, 2014
DuPont’s ongoing transformation has the company more clearly focused on opportunities in the agriculture and food and nutrution value chain, DuPont’s executive v.p. and CIO, Thomas Connelly, told attendess at the 19 March Société de Chimie Industrielle—America’s meeeting in New York....
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-sharpens-focus-on-ag_59722.html
March 21, 2014
Sinopec has signed a long-term contract to purchase propane from Phillips 66 for use as chemical feedstock. Sinopec has not released details of the contract.“This is a mutually...
http://www.chemweek.com/sections/business_finance/usa_americas/Sinopec-signs-feedstock-propane-export-deal-with-Phillips-66_59723.html
March 21, 2014
W.R. Grace said last week that it is targeting 8-10% growth in Ebit, and sales growth of 1.5-2 times (x) GDP from 2014 through 2018....
http://www.chemweek.com/sections/business_finance/usa_americas/Grace-sets-8-10-percent-earnings-growth-target-through-2018_59724.html
March 21, 2014
FMC expects first-quarter 2014 operating profit in its agricultural solutions segment to decline in the mid-20% range year-on-year because of cold weather in North America constricting...
http://www.chemweek.com/sections/business_finance/usa_americas/FMC-predicts-weaker-ag-results-due-to-cold-weather_59734.html
March 21, 2014
LG Chem, in a filing to the Korea Exchange (Seoul), says that it has agreed to purchase NanoH2O (El Segundo, CA) for $200 million. The acquisition has been approved by LG Chem’s...
http://www.chemweek.com/sections/business_finance/usa_americas/LG-Chem-acquires-NanoH2O_59735.html
March 21, 2014
Sensient Technologies last week released a letter to shareholders outlining its opposition to hedge fund FrontFour Capital’s (New York) slate of four director nominees....
http://www.chemweek.com/sections/business_finance/usa_americas/Sensient-releases-letter-opposing-dissident-nominees_59736.html
March 19, 2014
DuPont said on 10 March that it still expects to post full-year 2014 operating earnings of $4.20-4.45/share despite “challenged” first-quarter earnings and revenue growth due to winter storms in North America and business disruptions in Ukraine....
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-sees-challenged-first-quarter-but-maintains-forecast_59577.html
March 14, 2014
Shin-Etsu (Tokyo) is studying plans to build a world-scale ethylene plant in the United States, executive chairman Chihiro Kanagawa tells CW....
http://www.chemweek.com/sections/business_finance/usa_americas/Shin-Etsu-evaluating-US-ethylene-investment_59581.html
March 14, 2014
Bayer MaterialScience (BMS) says it has acquired DuPont’s Baytown, TX, aniline production plant. Financial terms have not been disclosed. Aniline is a key feedstock used to...
http://www.chemweek.com/sections/business_finance/usa_americas/Bayer-MaterialScience-buys-DuPonts-Baytown-aniline-plant_59551.html
March 14, 2014
Gary Kubera, president, CEO, and director of Canexus (Calgary, AB), has resigned, effective immediately, the company announced on 6 March. The move follows news that the company’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Canexus-CEO-resigns-amid-cost-overrun-share-decline_59552.html
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