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January 24, 2014
The fraction of renewable energy in the global energy mix could be increased to 30% or more by 2030, double the level today, the International Renewable Energy Agency (Irena; Abu...
http://www.chemweek.com/sections/business_finance/usa_americas/Report-Fraction-of-renewable-energy-could-be-doubled_58301.html
January 24, 2014
Brazil incurred a trade deficit for chemcial products of about $32 billion during 2013, up 13.6% from the prior year, according to figures released by Abiquim (São Paulo), the...
http://www.chemweek.com/sections/business_finance/usa_americas/Brazils-chemical-trade-deficit-reached-$32-billion-in-2013_58243.html
January 24, 2014
Chemtura has filed a lawsuit in the Superior Court of California at Sacramento seeking to overturn California’s new fire-safety standard for upholstered furniture. The standard...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemtura-files-suit-against-new-California-fire-safety-rule_58244.html
January 24, 2014
Reform of the Toxic Substances Control Act (TSCA) along with trade-related issues top the regulatory concerns for Socma this year, officials said at the Informex trade show, which ran 21–24 January at Miami....
http://www.chemweek.com/sections/business_finance/usa_americas/Informex-2014-TSCA-trade-top-Socmas-regulatory-agenda_58245.html
January 24, 2014
Agrium lowered fourth-quarter projections on 21 January, saying operating earnings are expected to be at the bottom of a previously announced range of 80 cts–$1.25/share....
http://www.chemweek.com/sections/business_finance/usa_americas/Agrium-lowers-fourth-quarter-projections_58246.html
January 24, 2014
Petróleos Mexicanos (Pemex; Mexico City) has announced the acquisition of Agro Nitrogenados’ urea manufacturing asset, which Pemex plans to reactivate and revamp. The...
http://www.chemweek.com/sections/business_finance/usa_americas/Pemex-to-spend-$475-million-on-urea-plant-in-Mexico_58247.html
January 24, 2014
Production has started at Petroquímica de Venezuela’s (Pequiven; Valencia, Venezuela) 1,800-m.t./day ammonia plant at the Morón petrochemical complex in Carabobo...
http://www.chemweek.com/sections/business_finance/usa_americas/Pequiven-starts-ammonia-unit_58248.html
January 24, 2014
Jack Golsen, chairman and CEO of LSB Industries, has issued an open letter to shareholders defending the company’s business strategy against criticism from shareholder Engine...
http://www.chemweek.com/sections/business_finance/usa_americas/LSB-Industries-counters-moves-by-activist-shareholder-Engine-Capital_58277.html
January 24, 2014
Elevance Renewable Sciences (Woodbridge, IL) says it has hired Robert (Bob) Kumpf as chief technology officer. Kumpf will focus on expanding Elevance's production and applications...
http://www.chemweek.com/sections/business_finance/usa_americas/Elevance-hires-Kumpf-as-chief-technology-officer_58293.html
January 17, 2014
A chemical spill at Elk River, WV, on 9 January caused state officials to impose severe water-use restrictions to over 300,000 people in nine West Virginia counties....
http://www.chemweek.com/sections/business_finance/usa_americas/West-Virginia-chemical-leak-leaves-300000-without-water_58072.html
January 17, 2014
A new group, the Plastics-to-Oil Technologies Alliance, will work to influence public policy in support of technologies for converting nonrecycled plastics into petroleum-based...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-debuts-Plastics-to-Oil-Technologies-Alliance_58070.html
January 17, 2014
Oxiteno (São Paulo) has initiated a project to expand its R&D activities for products serving the oil and gas sector. The expansion of a research center at Mauá...
http://www.chemweek.com/sections/business_finance/usa_americas/Oxiteno-to-expand-R-and-D-activities-for-oil-gas-sector_58076.html
January 17, 2014
Formosa plans to build ethylene plant in Louisiana Formosa Plastics is planning to invest in a new ethylene plant in Louisiana using shale gas feedstock, according to local reports...
http://www.chemweek.com/sections/business_finance/usa_americas/Formosa-plans-to-build-ethylene-plant-in-Louisiana_58077.html
January 17, 2014
Siluria Technologies (San Francisco), a start-up with catalyst technology that efficiently transforms the methane component of natural gas into ethylene or other longer-chain...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-to-fund-methane-to-ethylene-demonstration-plant_58078.html
January 17, 2014
ACC and Socma have announced support for trade promotion authority (TPA) legislation introduced in Congress this month. The legislation, if passed, would allow trade agreements to...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-Socma-announce-support-of-Trade-Promotion-Authority-legislation_58071.html
January 17, 2014
Tekmira Pharmaceuticals, a leading developer of RNA interference (RNAi) therapeutics, announced on 13 January that it had signed an option agreement with Monsanto under which the seed giant may obtain a license to use Tekmira’s delivery technology in biopesticides....
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-Tekmira-sign-ag-biologicals-agreement_58073.html
January 17, 2014
American Pacific (Ampac), the parent company of Ampac Fine Chemicals, announced on 10 January that it has agreed to be acquired by private equity firm H.I.G. Capital (Miami) in an...
http://www.chemweek.com/sections/business_finance/usa_americas/H-I-G-to-acquire-American-Pacific-for-$392-million_58074.html
January 17, 2014
SEC announced on 14 January that a former Dow Chemical information technology executive has agreed to pay a $367,250 civil penalty to settle SEC charges of insider trading ahead of...
http://www.chemweek.com/sections/business_finance/usa_americas/Former-Dow-executive-settles-SEC-charges_58075.html
January 10, 2014
Berkshire Hathaway has agreed to acquire the pipeline flow-improver chemicals business of Phillips 66, Phillips Specialty Products Inc. (PSPI), for roughly $1 billion....
http://www.chemweek.com/sections/business_finance/usa_americas/Berkshire-to-acquire-Phillips-pipeline-chemicals-business_57880.html
January 10, 2014
W.R. Grace has reached a deal to settle the final appeal pending in its nearly 13-year-old Chapter 11 proceedings, clearing the way for the company to emerge from bankruptcy protection...
http://www.chemweek.com/sections/business_finance/usa_americas/W-R-Grace-settles-final-bankruptcy-appeal_57890.html
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