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June 22, 2012
Huntsman: Share price is 'outrageously low.' Comments and exasperation expressed by Huntsman founder and executive chairman Jon M. Huntsman Sr. as he touted the company’s value...
http://www.chemweek.com/sections/business_finance/usa_americas/Huntsman-Comments-May-Have-Sparked-PE-Interest_44418.html
June 22, 2012
Solutia, Jiangsu Sinorgchem Technology (Sinorgchem; Shandong, China), and Korea Kumho Petrochemical (KKPC; Seoul) say they have reached a global settlement to resolve all disputes...
http://www.chemweek.com/sections/business_finance/usa_americas/Solutia-Licenses-4-ADPA-Technology_44419.html
June 22, 2012
EPA says its proposed rule for particle pollution, or soot, would revise the annual standard for fine particles (PM-2.5) from 15 micrograms per cubic meter (mg/cu meter) to 12 or 13...
http://www.chemweek.com/sections/business_finance/usa_americas/EPA-Proposes-Revised-Annual-Standard-for-Fine-Particles_44420.html
June 22, 2012
For a third straight year global economies are showing signs of weakness after a relatively strong start to the year, Nariman Behravesh, chief economist at IHS told attendees at the...
http://www.chemweek.com/sections/business_finance/usa_americas/CFO-Conference-2012-Global-Economy-Hits-Soft-Patch_44421.html
June 22, 2012
Companies are looking toward acquisitions to advance growth and corporate strategy, Eastman Chemical CFO Curt Espeland told attendees at the IHS Chemical Financial Forum, held recently...
http://www.chemweek.com/sections/business_finance/usa_americas/Eastman-Deals-Drive-Growth-Strategy_44422.html
June 15, 2012
Vitters: Moving effort into the fibers space. Coca-Cola, Ford Motor Co., H.J. Heinz, Nike, and Procter & Gamble have formed a consortium to promote research for developing...
http://www.chemweek.com/sections/business_finance/usa_americas/Coke-Joins-with-Multinationals-In-Push-for-Biobased-PET_44195.html
June 15, 2012
Calumet Specialty Products (Indianapolis) has acquired lubricants maker Royal Purple (Porter, TX) for $335 million. Royal Purple makes lubricants aimed at the transportation...
http://www.chemweek.com/sections/business_finance/usa_americas/Calumet-Specialty-Products-Acquires-Lubricants-Firm_44215.html
June 15, 2012
LyondellBasell was awarded a $4.5-million grant to develop catalyst-assisted technology to improve the energy efficiency of ethylene production from ethane while emitting less...
http://www.chemweek.com/sections/business_finance/usa_americas/LyondellBasell-Awarded-Grant_44216.html
June 15, 2012
EPA says Sabic Innovative Plastics has agreed to pay $1 million in civil penalties and about $4 million in plant renovations to settle Clean Air Act violations at its Mt. Vernon, IN...
http://www.chemweek.com/sections/business_finance/usa_americas/Sabic-to-Pay-Clean-Air-Fine_44217.html
June 15, 2012
Cytec Industries says it will restart a carbon fiber manufacturing expansion project at its Piedmont, SC facility as well as start a prepreg manufacturing expansion project at the...
http://www.chemweek.com/sections/business_finance/usa_americas/Cytec-Restarts-Carbon-Fiber-Expansion-Project_44196.html
June 15, 2012
Croda has begun construction of a landfill-to-gas energy project at its New Castle, DE manufacturing plant. The $6-million project broke ground on June 7 and will use landfill gas from...
http://www.chemweek.com/sections/business_finance/usa_americas/Croda-Breaks-Ground-on-Landfill-to-Gas-Project_44197.html
June 15, 2012
ACC plans to release a Chemicals Activity Barometer (CAB) index later this month that gauges current business conditions in industry. Data in ACC’s newly developed CAB index will...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-to-Launch-Business-Indicator_44198.html
June 15, 2012
Haller: Assuming responsibility for EMEA. Dow Chemical has named Heinz Haller, executive v.p. and chief commercial officer of Dow, as executive v.p., president of Dow Europe, Middle...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-Shuffles-Management-Names-Haller-to-Head-Europe-and-Mideast_44200.html
June 15, 2012
ExxonMobil Chemical has filed permits with EPA and the Texas Commission for Environmental Quality (TCEQ) for a multibillion-dollar project that includes building an ethane cracker at...
http://www.chemweek.com/sections/business_finance/usa_americas/ExxonMobil-Files-Permits-for-Cracker-and-PE-Units-in-Texas_44201.html
June 15, 2012
Expanding Triunfo: Braskem’s 200,000 m.t./year ‘green’ PE unit at Triunfo came online in 2010. Braskem Idesa says it has received $700 million in financing from BNDES...
http://www.chemweek.com/sections/business_finance/usa_americas/BNDES-Approves-$700-Million-for-Mexicos-Ethylene-XXI_44214.html
June 15, 2012
Monsanto says its board of directors has authorized a three-year, $1-billion share repurchase program, to take effect on July 1. It will begin once Monsanto’s existing share...
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-Plans-$1-Billion-Share-Buyback_44228.html
June 15, 2012
Pennsylvania Governor Tom Corbett (R.) is pushing for tax incentives worth up to $66 million/year related to Shell Chemical’s potential steam cracker at Monaca, PA. The...
http://www.chemweek.com/sections/business_finance/usa_americas/Pennsylvania-Considers-Tax-Incentives-for-Shell-Cracker_44229.html
June 1, 2012
Dyno Nobel says it will conduct a feasibility study on an $800-million ammonia production facility at Waggaman, LA. The plant would produce 750,000 m.t./year of ammonia and would be...
http://www.chemweek.com/sections/business_finance/usa_americas/Dyno-Nobel-Considers-$800-Million-Ammonia-Complex-in-Louisiana_43849.html
June 1, 2012
Cytec has begun the official process for divesting its coating resins business, which had 29% of Cytec’s total sales in 2011. The company last year said that it was exploring the...
http://www.chemweek.com/sections/business_finance/usa_americas/Cytec-Launches-Coating-Resins-Sale-Process_43850.html
June 1, 2012
Technip (Paris) has reached a definitive agreement to acquire the energy and chemicals (E&C) business of Shaw Industries for €225 million ($287 million). The acquired business...
http://www.chemweek.com/sections/business_finance/usa_americas/Technip-Acquires-Shaws-Energy-and-Chemicals-Group-for-&euro225-Million_43851.html
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