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January 10, 2014
Westlake Chemical says it has started up its previously announced chlor-alkali plant at the company’s vinyls manufacturing complex at Geismar, LA. The new chlor-alkali plant has...
http://www.chemweek.com/sections/business_finance/usa_americas/Westlake-starts-up-chlor-alkali-plant-at-Geismar_57893.html
December 24, 2013
W.R. Grace says the company is targeting an exit from Chatper 11 bankruptcy on or about 31 January 2014, general counsel Mark Shelnitz told investors during a conference call at the...
http://www.chemweek.com/sections/business_finance/usa_americas/After-12-years-W-R-Grace-sees-bankruptcy-exit-by-end-of-January_57372.html
December 20, 2013
John Deere (Moline, IL), a leading producer of agricultural equipment, has entered into separate farm data management solutions partnerships with Dow Chemical and BASF. BASF and John...
http://www.chemweek.com/sections/business_finance/usa_americas/John-Deere-inks-ag-data-deals-with-Dow-and-BASF_57555.html
December 20, 2013
Dow Chemical, Cargill, and Life Technologies (Austin, TX) are among the winners of EPA’s 2013 Presidential Green Chemistry Challenge Award for innovations that prevent pollution...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-Cargill-win-EPA-green-chemistry-award_57556.html
December 20, 2013
Gevo has closed a previously announced public offering of 18,525,000 common stock units at $1.35/unit—raising $22.6 million for the ongoing production ramp-up at its Luverne, MN, biobased isobutanol facility....
http://www.chemweek.com/sections/business_finance/usa_americas/Gevo-raises-$22-6-million-to-complete-start-up-at-Luverne-plant_57557.html
December 20, 2013
On 13 December, Praxair announced several key changes to its senior leadership team, effective 1 January 2014. Anne Roby has been named senior v.p./global supply systems, R&D...
http://www.chemweek.com/sections/business_finance/usa_americas/Praxair-announces-senior-leadership-changes_57582.html
December 20, 2013
A US federal judge has ruled in favor of Tronox, finding that Kerr-McGee’s 2005 spin-off of Tronox was done with “intent to hinder and delay” Tronox’s creditors. The ruling...
http://www.chemweek.com/sections/business_finance/usa_americas/Tronox-wins-bankruptcy-related-judgement-against-Anadarko_57583.html
December 20, 2013
BASF and Renmatix (King of Prussia, PA) announced 18 December that they will jointly scale up the latter’s Plantrose process for extraction of industrial sugars from lignocellulosic biomass. The two companies have also signed a nonexclusive joint development agreement and agreed to key financial terms for future commercial licenses, which BASF—a significant shareholder in Renmatix after a January 2012 equity investment of $30 million—can exercise at its discretion. Additional terms were have not been disclosed....
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-signs-joint-development-deal-with-cellulosic-sugar-firm_57584.html
December 20, 2013
Evonik says that it has appointed Burkhard Zoller as North American CFO, effective 1 January. Zoller currently heads Evonik’s inorganic materials business unit for North America...
http://www.chemweek.com/sections/business_finance/usa_americas/Evonik-names-North-America-CFO_57579.html
December 20, 2013
FMC says it has agreed to sell its hydrogen peroxide (H2O2) business to private equity firm One Equity Partners (New York) for $200 million. FMC says it no longer considers the...
http://www.chemweek.com/sections/business_finance/usa_americas/FMC-to-sell-hydrogen-peroxide-business-to-One-Equity-Partners_57580.html
December 20, 2013
anufacturers of antibacterial hand soaps and body washes would be required to demonstrate that their products are safe for long-term daily use and are more effective than soap and water in preventing illness and the spread of certain infections under a prosposed rule issued by FDA on 16 December....
http://www.chemweek.com/sections/business_finance/usa_americas/FDA-proposed-rule-questions-benefits-of-antibacterial-soaps_57581.html
December 13, 2013
Elekeiroz (São Paulo) has acquired an oxo-gas plant from Air Products at Camaçari, Brazil, the company said on 9 December. The deal includes the transfer of the...
http://www.chemweek.com/sections/business_finance/usa_americas/Elekeiroz-acquires-Air-Products-oxo-gas-plant-in-Brazil_57329.html
December 13, 2013
Honeywell says it will invest $300 million to build a plant for hydrofluoroolefin (HFO)-1234yf, a car air-conditioning refrigerant, at the company’s Geismar, LA, site. The plant is expected to be operational in 2016, Honeywell says....
http://www.chemweek.com/sections/business_finance/usa_americas/Honeywell-plans-$300-million-HFO-1234yf-investment_57330.html
December 13, 2013
Waterfront Shipping (Vancouver, BC), the marine transportation subsidiary of Methanex, has reached an agreement with Mitsui O.S.K. Lines (MOL; Tokyo), Westfal-Larsen & Co. (WL...
http://www.chemweek.com/sections/business_finance/usa_americas/Methanex-to-add-methanol-powered-tankers-to-shipping-fleet_57331.html
December 13, 2013
Braskem and Genomatica (San Diego) have reached an agreement to jointly develop commercial process technology to make butadiene from renewable feedstocks. Braskem—the...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-and-Genomatica-to-develop-biobutadiene-technology_57354.html
December 13, 2013
Monsanto and Novozymes have entered into a long-term strategic alliance to jointly develop agricultural biologicals for global broadacre crops, fruits, and vegetables....
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-Novozymes-form-ag-biologicals-alliance_57355.html
December 13, 2013
Private equity firm Arsenal Capital (New York) has purchased Flowchem (Waller, TX), a maker of specialty chemicals for pipelines....
http://www.chemweek.com/sections/business_finance/usa_americas/Arsenal-Capital-buys-pipeline-chemicals-firm-Flowchem_57366.html
December 13, 2013
Mosaic has announced that it has entered into an agreement to repurchase 43.3 million restricted Class-A shares—roughly 10% of shares outstanding—over the next eight months from...
http://www.chemweek.com/sections/business_finance/usa_americas/Mosaic-to-repurchase-shares-from-Cargill-trusts_57367.html
December 13, 2013
Private equity firm Apollo Management (New York) is selling 10 million shares in Taminco at $20/share in a secondary public offering, the company says. Apollo, which owns 70.5% of...
http://www.chemweek.com/sections/business_finance/usa_americas/Apollo-to-cut-Taminco-stake_57368.html
December 13, 2013
The engineering team at Emerald Polymer Additives and Nitriles (Akron, OH), a business group of Emerald Performance Materials, has commissioned a pilot plant to expand the group’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Emerald-commissions-Nychem-pilot-plant_57370.html
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