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May 15, 2015
Invista said this week that the force majeure on adiponitrile (ADN) and hexamethylene diamine (HMD) was still in effect, as its Victoria, TX, facility was still in the process of...
http://www.chemweek.com/sections/business_finance/usa_americas/Invista-force-majeure-still-in-place-at-Texas-ADN-plant_70423.html
May 11, 2015
The Biotechnology Industry Organization (BIO; Washington) has announced that Jennifer Holmgren, CEO, LanzaTech (Chicago), is to be the recipient of the 2015 BIO Rosalind Franklin...
http://www.chemweek.com/sections/business_finance/usa_americas/LanzaTechs-Holgrem-to-receive-BIO-Rosalind-Franklin-Award_70296.html
May 8, 2015
Leaving the European Union could cost the United Kingdom €300 billion ($338.5 billion), slashing 14% off the country’s GDP, or €4,850 per capita, according to a report...
http://www.chemweek.com/sections/business_finance/usa_americas/German-think-tank-UK-chems-would-be-hard-hit-by-EU-exit_70171.html
May 8, 2015
Dow Chemical will be cutting 1,500–1,700 positions, about 3% of its global workforce, to streamline operations as a result of the pending divestment of most of its chlor-alkali assets. The company also plans “minor” adjustments to its manufacturing assets, it says....
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-to-cut-global-workforce-by-3-percent-over-next-two-years_70205.html
May 8, 2015
Reforming the outdated US chemical management policy took a step closer to a full Senate vote as the bipartisan Frank R. Lautenberg Chemical Safety Act passed through the Senate Committee on Environment and Public Works (EPW) on 28 April. A vote before the full Senate is expected in the coming weeks....
http://www.chemweek.com/sections/business_finance/usa_americas/TSCA-reform-bill-heads-to-Senate-floor_70225.html
May 8, 2015
FDA has issued a proposed rule requesting additional scientific data on the safety and effectiveness of certain active ingredients used in OTC health-care antiseptics. FDA says...
http://www.chemweek.com/sections/business_finance/usa_americas/FDA-taking-closer-look-at-OTC-antiseptics_70226.html
May 8, 2015
Steep year-on-year (YOY) declines in net income predominated in the first-quarter results of North American commodity producers reporting since late April. Westlake says conversions to...
http://www.chemweek.com/sections/business_finance/usa_americas/Tough-quarter-for-North-American-commodity-makers_70230.html
May 8, 2015
first-quarter chemical earnings of North American oil companies reflect weaker US margins in the petrochemicals market. ExxonMobil reports first-quarter earnings for its chemical...
http://www.chemweek.com/sections/business_finance/usa_americas/Oil-companies-report-mixed-first-quarter-chemical-earnings_70231.html
May 8, 2015
BASF says that Wayne Smith is the new chairman and CEO of its North American subsidiary, effective 1 May....
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-appoints-CEONorth-America_70232.html
May 8, 2015
PQ has named George Biltz president and CEO, effective 1 May. Biltz succeeds Michael Boyce, who will continue to serve as PQ chairman. PQ is a leading producer of silicates, specialty...
http://www.chemweek.com/sections/business_finance/usa_americas/PQ-confirms-new-CEO-former-CEO-remains-chair_70233.html
May 8, 2015
First-quarter specialty chemical results largely withstood negative currency impacts, with many companies reporting higher earnings despite lower sales. Solid results in Ecolab’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-hold-up-despite-currency-impacts_70234.html
May 8, 2015
Cargill has acquired the fermentation-based processes and systems of OPX Biotechnologies (OPXBio; Boulder, CO), an industrial biotechnology firm that had been working on a biobased...
http://www.chemweek.com/sections/business_finance/usa_americas/Cargill-acquires-OPX-Biotechnologies_70235.html
May 8, 2015
Westlake Chemical Partners (Westlake Partners; Houston) acquired approximately 2.7% of additional limited partner interest in Westlake Chemical OpCo (OpCo) for approximately $135 million. The...
http://www.chemweek.com/sections/business_finance/usa_americas/Westlake-Partners-ups-interest-in-cracker-pipeline-affiliate_70236.html
May 8, 2015
Market sources have said this week that competitive propane and butane steam cracking economics and high propylene inventory levels opposite strengthening crude oil prices were leading...
http://www.chemweek.com/sections/business_finance/usa_americas/Mixed-fundamentals-a-factor-ahead-of-May-propylene-contract-settlement_70193.html
May 8, 2015
Dow Chemical's Taft, LA, no. 1 ethylene unit is expected to come back online by next week, according to market participants. The no.1 ethylene unit went down in late March for planned...
http://www.chemweek.com/sections/business_finance/usa_americas/Dows-Louisiana-ethylene-unit-still-set-for-early-May-restart_70192.html
April 30, 2015
Quaker Chemical has announced net sales of $181.3 million in first-quarter 2015 compared with $181.7 million in first-quarter 2014. Year-on-year (YOY) volume growth, including...
http://www.chemweek.com/sections/business_finance/usa_americas/Quaker-Chemical-volumes-grow-but-sales-Ebitda-fall-on-foreign-currency-effects_69966.html
April 30, 2015
Trecora Resources (Sugar Land, TX) has announced revenue of $55.1 million in first-quarter 2015, compared with $64.1 million in the year-ago quarter, a decrease of 14% year-on-year...
http://www.chemweek.com/sections/business_finance/usa_americas/Trecora-Resources-reports-improved-profitability-on-lower-sales-in-first-quarter_69974.html
April 30, 2015
CO2 Solutions (Quebec City) has presented the results of pilot testing of its carbon capture process, completed in January 2015. The company says that the detailed results presented...
http://www.chemweek.com/sections/business_finance/usa_americas/CO2-Solutions-presents-results-of-carbon-dioxide-capture-testing-beats-DOE-cost-target-10-years-ahead-of-schedule_69987.html
April 29, 2015
Freeport LNG Expansion (Freeport LNG) today announced that its subsidiary FLNG Liquefaction 3 has successfully closed the financing required for constructing the third train of its...
http://www.chemweek.com/sections/business_finance/usa_americas/Freeport-LNG-closes-financing-starts-constructing-third-liquefaction-train_69923.html
April 29, 2015
Bayer CropScience has announced Healthy Hives 2020, the aims of which are to improve the health of honeybee colonies in the United States in the next five years, the company says. The...
http://www.chemweek.com/sections/business_finance/usa_americas/Bayer-CropScience-launches-honeybee-health-initiative_69922.html
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