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July 20, 2012
Solvay says it has commissioned North America’s first trona mine methane recovery facility, which is at Green River, WY. The company’s patented methane recovery system...
http://www.chemweek.com/sections/business_finance/usa_americas/Solvay-Opens-First-Methane-Recovery-Facility-in-U-S-_45077.html
July 20, 2012
Arkema has confirmed reports that it will sell its tin stabilizer business. The company is divesting the operation to the PMC Group (Mount Laurel, NJ), a producer of performance...
http://www.chemweek.com/sections/business_finance/usa_americas/Arkema-Sells-Tin-Stabilizer-Business-to-PMC_45078.html
July 11, 2012
The U.S. Court of Appeals for the District of Columbia upheld on June 26 four EPA greenhouse gas (GHG) rules, including its finding under the Clean Air Act (CAA) that GHGs endanger...
http://www.chemweek.com/sections/business_finance/usa_americas/Appeals-Court-Upholds-Four-Key-EPA-Rules-Limiting-GHGs_44691.html
July 10, 2012
Deutsche Bank (New York) lowered earnings estimates for 2012 and 2013 by 5% on average, citing deteriorating demand trends and slowing global growth. Estimates were lowered for ten...
http://www.chemweek.com/sections/business_finance/usa_americas/Analyst-Lowers-Earnings-Estimates-for-Ten-U-S-Chemical-Companies_44672.html
July 6, 2012
ACC says its Chemical Activity Barometer (CAB), the association’s new macroeconomic indicator, declined 1.3% in June, signaling that the U.S. economy is slowing. ACC unveiled the...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-Chemical-Activity-Barometer-Signals-Slow-Growth_44707.html
July 6, 2012
Dearth: Taken away by Calgon Carbon. Calgon Carbon (Pittsburgh, PA) has named Lanxess Corp. president and CEO Randy Dearth president and CEO of the company, effective August 1. Dearth...
http://www.chemweek.com/sections/business_finance/usa_americas/Lanxess-Nafta-Chief-Named-CEO-of-Calgon-Carbon_44708.html
July 6, 2012
Sasol says a feasibility study for its Lake Charles, LA gas-to-liquids (GTL) is underway and “progressing well” and a decision to proceed to the front-end engineering and...
http://www.chemweek.com/sections/business_finance/usa_americas/Sasol-Gulf-Coast-Project-Decisions-to-be-Made-by-Year-End_44709.html
July 6, 2012
Record seed volumes and better-than-expected demand for crop protection products boosted Monsanto’s fiscal third-quarter earnings ahead of analysts’ estimates. The company reported...
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-Tops-Estimates-on-Record-Seed-Sales_44673.html
July 6, 2012
Brazil’s state oil company, Petrobras (Rio de Janeiro), says plans for the Complejo Petroquimica Rio de Janeiro (Comperj) refining and petrochemical complex near Rio de Janeiro have...
http://www.chemweek.com/sections/business_finance/usa_americas/Petrobras-Delays-Comperj-Petrochemical-Project_44692.html
July 6, 2012
U.S. EPA Region V says it has reached an agreement with BASF to settle alleged Clean Air Act (CAA) violations at BASF’s Wyandotte, MI, facility, requiring BASF to pay more than $1...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-Settles-Clean-Air-Suit_44693.html
July 6, 2012
The U.S. Senate has voted 73-26 to reject a bill proposed by Senator Bernie Sanders (I., VT) that would have given states clear authority to require labeling of genetically modified...
http://www.chemweek.com/sections/business_finance/usa_americas/Senate-Rejects-GM-Labeling_44694.html
July 6, 2012
Eastman Chemical completed its $4.8-billion acquisition of Solutia on July 2, and announced new reporting segments for the company. The combined company had 2011 pro forma revenues of...
http://www.chemweek.com/sections/business_finance/usa_americas/Eastman-Completes-Acquisition-of-Solutia_44695.html
July 6, 2012
Tronox says it expects second-quarter Ebitda to be about 20% lower sequentially than first-quarter 2012 Ebitda of $151 million, on higher ore costs running more than $600/m.t. above...
http://www.chemweek.com/sections/business_finance/usa_americas/Tronox-Expects-Weaker-Results-Announces-Stock-Repurchase_44696.html
June 22, 2012
McGlade: Expansion in high-growth regions. Air Products has announced a definitive agreement to purchase a 67% stake in Indura S.A. (Santiago, Chile) for $884 million. The deal gives...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Products-to-Buy-Chilean-Gases-Company-Indura_44387.html
June 22, 2012
Brazil’s state oil company Petrobras (São Paulo) has released its 2012-2016 business plan, targeting capital investments of $236.5 billion for the next five years, up 5.3%...
http://www.chemweek.com/sections/business_finance/usa_americas/Petrobras-Plans-$5-Billion-in-Petchem-Investments-through-2016_44388.html
June 22, 2012
RPM says it has acquired Brazilian building and construction materials maker Viapol (Caçapava, Brazil) for an undisclosed sum. Viapol has annual sales of about $85 million and...
http://www.chemweek.com/sections/business_finance/usa_americas/RPM-Acquires-Construction-Manufacturer-Viapol_44389.html
June 22, 2012
A Delaware court has denied Butamax Advanced Biofuels’ (Wilmington, DE) motion for a preliminary injunction restricting Gevo’s (Englewood, CO) commercial activities, the latest...
http://www.chemweek.com/sections/business_finance/usa_americas/Gevo-Wins-a-Round-in-Patent-Fray-Butamax-Adds-Partners_44390.html
June 22, 2012
Codexis, Cytec, and Elevance Renewable Chemicals (Woodbridge, IL) were among the winners of EPA’s 2012 Presidential Green Chemistry Challenge Award for work promoting chemical...
http://www.chemweek.com/sections/business_finance/usa_americas/Cytec-Codexis-and-Elevance-Win-EPA-Green-Chemistry-Award_44391.html
June 22, 2012
Former ISP CEO Sunil Kumar has reached a deal to acquire privately held Universal Plastics, a maker of thermoforming plastics. Universal Plastics has gross annual sales of...
http://www.chemweek.com/sections/business_finance/usa_americas/Former-ISP-CEO-Acquires-Plastics-Thermoformer_44392.html
June 22, 2012
Prevost: Strong play in activated carbon. Cabot has agreed to acquire activated carbon maker Norit (Amersfoort, the Netherlands) for $1.1 billion. “This acquisition supports the...
http://www.chemweek.com/sections/business_finance/usa_americas/Cabot-to-Buy-Activated-Carbon-Maker-Norit-for-$1-1-Billion_44404.html
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