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April 24, 2015
Shin-Etsu has made a final investment decision to proceed with a $1.4-billion ethane cracker at its Plaquemine, LA, complex, the company’s first US ethylene investment. PTT...
April 24, 2015
Dow Chemical has launched its 2025 sustainability goals, which include an industry-first target of incorporating the value of natural capital into project design. Dow aims to generate...
April 24, 2015
ExxonMobil Chemical says it is considering building a polyethylene (PE) line at its Beaumont, TX, facility. The project would be in addition to two 650,000-m.t./year PE lines under construction at Mont Belvieu, TX. “We’ll conduct an extensive evaluation before making any final investment decision,” a company spokesperson says....
April 24, 2015
FMC has completed the $1.8-billion acquisition of crop protection chemicals maker Cheminova (Harboøre, Denmark). The deal was announced last September. “The acquisition of Cheminova...
April 24, 2015
The global surplus of light naphtha could increase by as much as 14 million m.t./year over the next five years, according to a new study from IHS Chemical, Light and Heavy Naphtha...
April 24, 2015
Cytec and Sensient Technologies both report higher first-quarter earnings. Cytec beat estimates, while Sensient’s margins increased. Cytec has announced first-quarter net...
April 24, 2015
ACC’s Chemical Activity Barometer (CAB), a leading economic indicator and measure of industry activity, is up 0.1% sequentially in April after being flat in March and up 0.1% in...
April 24, 2015
Higher sales of catalysts and construction products helped W.R. Grace grow first-quarter profits despite negative currency impacts. Company officials say it is on track for its previously announced split and that it has completed the first phase of a major fluid catalytic cracking (FCC) catalyst project in the Mideast....
April 24, 2015
DuPont has agreed to acquire microbiome discovery firm Taxon Biosciences (Tiburon, CA) to accelerate commercialization of biological solutions for agriculture. DuPont also says that...
April 24, 2015
Solvay has launched a previously announced expansion at its Augusta, GA, manufacturing facility to install the first world-scale polyetheretherketone (PEEK) resin production unit in...
April 24, 2015
Renewable fuels and chemicals maker Gevo (Englewood, CO) implemented a 1-for-15 reverse stock split on 21 April intended to increase the market price per share and allow the company to...
April 21, 2015
The European Commission has published a report that presents the results of a survey of small and medium-size enterprises (SMEs) carried out in 2014 on challenges they face when...
April 21, 2015
Sensient Technologies (Milwaukee) has reported net earnings of of $30.5 million the first quarter of 2015 compared with a loss of $2.08 million in the year-ago quarter. Revenue...
April 17, 2015
The US chemical industry is poised to capitalize on the increased supply of energy and feedstocks that will allow it to reestablish itself as a leading global supplier, ACC president and CEO Cal Dooley told attendees of ACC’s Responsible Care conference, held 13–16 April in Miami....
April 17, 2015
Braskem is reevaluating its planned Parkersburg, WV, cracker, a joint venture with Odebrecht, to address uncertainties generated by the steep decline in crude oil pricing. Assuming it proceeds, start-up would come after 2020, says Fernando Musa, CEO/America at Braskem....
April 17, 2015
Coatings makers PPG Industries and Sherwin-Williams (SW) report higher year-on-year (YOY) sales and earnings. PPG beat estimates on cost cutting efforts. Both companies experienced mixed volume growth, however, with some sectors and regions healthy and others sluggish....
April 17, 2015
Arkema has expanded its acrylic resin manufacturing capacity at Araçariguama, Brazil, by 60%, the company has announced. A new reactor will enable Arkema to introduce products...
April 17, 2015
Investment firm Berkshire Hathaway (Omaha, NE) has purchased 20 million Axalta shares in a private placement at $28/share, for a purchase price of $560 million, Axalta says. The shares...
April 17, 2015
Celanese and Mitsui & Co. say that they are exploring the possibility of a second US methanol joint venture, this one located at Celanese’s planned facility at Bishop, TX....
April 17, 2015
International Flavors & Fragrances (IFF), a manufacturer of flavors and fragrances for consumer products, on 13 April agreed to acquire Henry H. Ottens Manufacturing Co. (Ottens...
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