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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
January 10, 2014
Amyris (Emeryville, CA), a renewable chemicals and fuels company, announced in December 2013 that it would sell senior convertible promissory notes in a private placement for $28 million in cash proceeds....
http://www.chemweek.com/sections/business_finance/usa_americas/Amyris-hits-fund-raising-milestone-raises-$28-million_57888.html
January 10, 2014
Chemtura has closed on the sale of its pool chemicals business to KIK Custom Products (Toronto). The final $300-million purchase price is $15 million less than when the deal was...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemtura-closes-pool-chemicals-divestiture_57889.html
January 10, 2014
Axiall has chosen Louisiana as the location for a possible world-scale ethylene plant and associated derivatives complex. Axiall says it expects the capital investment to total $3 billion, with the company putting up $1 billion, and that a “soon-to-be-named” partner will contribute $2 billion....
http://www.chemweek.com/sections/business_finance/usa_americas/Axiall-chooses-Louisiana-for-$3-billion-cracker-project_57882.html
January 10, 2014
An Illinois judge has ordered Blue Island Phenol to remain off-line until it has determined the cause of an explosion that injured two workers at the company’s facility at Alsip, IL...
http://www.chemweek.com/sections/business_finance/usa_americas/Blue-Island-Phenol-ordered-to-remain-off-line-after-explosion_57883.html
January 10, 2014
Shell Chemical has extended an option to buy a Monaca, PA, industrial site it has been evaluating for a potential world-scale ethane cracker since March 2012, according to a statement...
http://www.chemweek.com/sections/business_finance/usa_americas/Shell-extends-option-on-proposed-Pennsylvania-cracker-site_57884.html
January 10, 2014
Strong soybean and glyphosate sales helped Monsanto offset lower corn results and exceed analysts’ estimates for its fiscal first quarter ended 30 November 2013....
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-tops-estimates-on-soybean-glyphosate-gains_57885.html
January 10, 2014
A. Schulman has raised full-year earnings guidance by about 2.4%, to $2.13–2.18/share, since net income from continuing operations for the fiscal first quarter ended 30 November...
http://www.chemweek.com/sections/business_finance/usa_americas/Schulman-raises-2014-guidance-and-acquires-US-colors-firm_57886.html
January 10, 2014
Air Products announced on 6 January that it has signed a long-term production agreement with Big River Resources Boyceville (Boyceville, WI), a grain ethanol producer, for liquid...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Products-to-build-CO2-plant-at-WI-ethanol-facility_57887.html
January 10, 2014
Argentina’s stock regulator, the Comisión Nacional de Valores (CNV), has rejected Braskem’s tender offer to purchase the 29.41% of Solvay Indupa that is publicly...
http://www.chemweek.com/sections/business_finance/usa_americas/Argentina-rejects-Braskems-offer-for-public-shares-of-Solvay-Indupa_57891.html
January 10, 2014
USDA’s Animal and Plant Health Inspection Service (Aphis) says that, based on preliminary findings, three genetically modified seeds developed by Dow Chemical “do not pose a plant pest risk to agricultural crops or other plants in the United States,” moving the potential blockbuster technology closer to approval....
http://www.chemweek.com/sections/business_finance/usa_americas/USDA-moves-Dow-herbicide-tolerant-trait-closer-to-approval_57892.html
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