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October 11, 2013
Ineos, which is seeking to cut costs at its Grangemouth, UK, operations, says that the production of petrochemicals is much cheaper in the United States compared with Europe....
http://www.chemweek.com/sections/business_finance/usa_americas/Ineos-Petchems-can-be-made-in-US-at-half-of-Europes-cost_55830.html
October 11, 2013
Algal oils producer Solazyme (South San Francisco) has signed commercial supply agreements with Unilever and Goulston Technologies (Monroe, NC), a leading producer of high-performance...
http://www.chemweek.com/sections/business_finance/usa_americas/Solazyme-signs-supply-deals-with-Unilever-and-Goulston_55831.html
October 11, 2013
Shell Chemicals is looking to move to the front-end engineering design (FEED) stage early next year on the company’s previously announced ethane cracker project at Monaca, PA, Graham van’t Hoff, Shell executive v.p./chemicals, told CW on the sidelines of the Cefic general assembly meeting, held recently at Munich...
http://www.chemweek.com/sections/business_finance/usa_americas/Shell-looks-to-move-US-project-to-FEED-selects-contractors_55832.html
October 11, 2013
Air Products announced on 8 October its plans to build, own, and operate a liquid nitrogen production facility in western Texas to serve the oil and gas industry in the Permian Basin...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Products-to-build-liquid-nitrogen-facility-in-Texas_55851.html
October 11, 2013
Solvay has signed an agreement to acquire privately held Chemlogics (Paso Robles, CA) for $1.35 billion. Chemlogics markets chemicals, blends, and services for the oil and gas industry’s stimulation and cementing segments. Chemlogics, which employs 277 people, had sales of about $500 million over the last 12 months, Solvay says....
http://www.chemweek.com/sections/business_finance/usa_americas/Solvay-to-acquire-Chemlogics-for-$1-35-billion_55852.html
October 11, 2013
Dow Chemical says it is advancing an insect-resistant soybean for South America that, if approved, will compete directly with a newly launched seed Monsanto expects to be its next...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-developing-competitor-to-Monsantos-Intacta-soybean_55853.html
October 11, 2013
Airgas has signed a definitive agreement to acquire the assets and operations of the Encompass Gas Group (Rockford, IL), a supplier of industrial, medical, and specialty gases and related hard goods....
http://www.chemweek.com/sections/business_finance/usa_americas/Airgas-acquires-Illinois-supplier-splits-US-southwest-distribution_55854.html
October 11, 2013
FMC and Chr. Hansen (Hørsholm, Denmark), a bioscience company specializing in cultures, enzymes, and fermentation, have entered into a collaboration agreement to develop and...
http://www.chemweek.com/sections/business_finance/usa_americas/FMC-makes-two-deals-in-biological-crop-protection_55855.html
October 11, 2013
Nexeo Solutions (The Woodlands, TX) has agreed to acquire Chemical Specialists and Development (CSD; Conroe, TX), also known as Startex Chemical. Financial details have not been...
http://www.chemweek.com/sections/business_finance/usa_americas/Nexeo-to-purchase-Chemical-Specialists-and-Development_55856.html
October 4, 2013
KMG Chemicals has appointed Christopher Fraser as the company’s CEO, effective immediately. Fraser is chairman and had served as interim CEO since former president and CEO J...
http://www.chemweek.com/sections/business_finance/usa_americas/KMG-Chemicals-names-current-board-chairman-CEO_55620.html
October 4, 2013
Novomer (Waltham, MA) has won a $5-million grant from the Department of Energy’s Clean Energy Manufacturing Initiative to develop a new process for production of acrylic acid from ethylene and carbon dioxide (CO2)....
http://www.chemweek.com/sections/business_finance/usa_americas/Novomer-targets-ethylene-to-acrylic-on-US-Gulf-by-2017_55621.html
October 4, 2013
Lubrizol will build a chlorinated polyvinyl chloride (CPVC) resin and compounding facility at its Louisville, KY, site. The total investment will be $108 million, according to a...
http://www.chemweek.com/sections/business_finance/usa_americas/Lubrizol-to-expand-chlorinated-PVC-at-Louisville-KY-site_55619.html
October 4, 2013
EPA has proposed strict carbon emissions standards for new power plants, spurring criticism from industry groups who accuse the agency of overreaching authority under the Clean Air Act...
http://www.chemweek.com/sections/business_finance/usa_americas/EPA-releases-draft-limits-on-power-plant-carbon-emissions_55666.html
October 4, 2013
Enterprise Products Partners has announced two projects that will double its capacity for the export of liquefied petroleum gas (LPG) on the US Gulf Coast to over 15 million bbl/month...
http://www.chemweek.com/sections/business_finance/usa_americas/Enterprise-to-double-US-Gulf-LPG-export-capacity_55667.html
October 4, 2013
Earnings for producers with fiscal quarters ending in August were mixed, as stabilizing market conditions and cost cuts helped offset damage associated with economic weakness, particularly in Europe....
http://www.chemweek.com/sections/business_finance/usa_americas/August-quarter-earnings-mixed-as-conditions-slowly-improve_55668.html
October 4, 2013
Albemarle says it will reduce the number of reporting segments from three to two, effective 1 January 2014....
http://www.chemweek.com/sections/business_finance/usa_americas/Albemarle-to-reorganize-reporting-business-units_55669.html
October 4, 2013
Evogene (Rehovot, Israel), a plant genomics firm in which Monsanto and Bayer hold stakes, filed a registration statement with SEC for a proposed initial public offering worth up to $60...
http://www.chemweek.com/sections/business_finance/usa_americas/Evogene-seeks-to-raise-up-to-$60-million-from-IPO_55670.html
October 4, 2013
Toray Industries has reached agreement to acquire Zoltek (St. Louis) for $584 million in a bid to enter the market for large-tow carbon fibers, which has applications in automotive and...
http://www.chemweek.com/sections/business_finance/usa_americas/Toray-to-acquire-US-carbon-fiber-firm-Zoltek-for-$584-million_55671.html
October 4, 2013
ACC’s September chemical activity barometer (CAB) is at the highest level since June 2008—forecasting an upside to the US economy and economic expansion into 2015, ACC says. On a...
http://www.chemweek.com/sections/business_finance/usa_americas/ACCs-monthly-CAB-highest-since-2008_55672.html
October 4, 2013
Dow Chemical has signed a formal agreement with YPF to provide $120 million in project financing to develop shale gas in the El Orejano block of Argentina’s Neuquén Province. Dow says the partnership will enable the development of nonconventional gas resources in Argentina and expand its access to a secure, long-term supply of key raw material feedstocks in Mercosur, Dow says....
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-YPF-to-develop-shale-gas-in-Argentina_55673.html
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