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January 10, 2014
Berkshire Hathaway has agreed to acquire the pipeline flow-improver chemicals business of Phillips 66, Phillips Specialty Products Inc. (PSPI), for roughly $1 billion....
January 10, 2014
W.R. Grace has reached a deal to settle the final appeal pending in its nearly 13-year-old Chapter 11 proceedings, clearing the way for the company to emerge from bankruptcy protection...
January 10, 2014
Amyris (Emeryville, CA), a renewable chemicals and fuels company, announced in December 2013 that it would sell senior convertible promissory notes in a private placement for $28 million in cash proceeds....
January 10, 2014
Chemtura has closed on the sale of its pool chemicals business to KIK Custom Products (Toronto). The final $300-million purchase price is $15 million less than when the deal was...
January 10, 2014
Axiall has chosen Louisiana as the location for a possible world-scale ethylene plant and associated derivatives complex. Axiall says it expects the capital investment to total $3 billion, with the company putting up $1 billion, and that a “soon-to-be-named” partner will contribute $2 billion....
January 10, 2014
An Illinois judge has ordered Blue Island Phenol to remain off-line until it has determined the cause of an explosion that injured two workers at the company’s facility at Alsip, IL...
January 10, 2014
Shell Chemical has extended an option to buy a Monaca, PA, industrial site it has been evaluating for a potential world-scale ethane cracker since March 2012, according to a statement...
January 10, 2014
Strong soybean and glyphosate sales helped Monsanto offset lower corn results and exceed analysts’ estimates for its fiscal first quarter ended 30 November 2013....
January 10, 2014
A. Schulman has raised full-year earnings guidance by about 2.4%, to $2.13–2.18/share, since net income from continuing operations for the fiscal first quarter ended 30 November...
January 10, 2014
Air Products announced on 6 January that it has signed a long-term production agreement with Big River Resources Boyceville (Boyceville, WI), a grain ethanol producer, for liquid...
January 10, 2014
Argentina’s stock regulator, the Comisión Nacional de Valores (CNV), has rejected Braskem’s tender offer to purchase the 29.41% of Solvay Indupa that is publicly...
January 10, 2014
USDA’s Animal and Plant Health Inspection Service (Aphis) says that, based on preliminary findings, three genetically modified seeds developed by Dow Chemical “do not pose a plant pest risk to agricultural crops or other plants in the United States,” moving the potential blockbuster technology closer to approval....
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...
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...
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...
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...
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....
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...
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...
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....
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