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October 1, 2013
Invista (Witchita, KS) and Ingenza (Edinburgh) say that they will collaborate in the development of new technology for biobased processes for manufacturing industrial chemicals. The...
http://www.chemweek.com/sections/business_finance/usa_americas/Invista-and-Ingenza-to-collaborate-on-biobased-chemicals_55532.html
October 1, 2013
Huntsman says that is plans to refocus its surfactants business in Europe. The company plans to move away from various surfactants assets that have become commoditized and will focus...
http://www.chemweek.com/sections/business_finance/usa_americas/Huntsman-to-reposition-surfactants-business-in-Europe-250-jobs-potentially-affected_55531.html
September 20, 2013
Invista says it is considering constructing a combined hydrogen and anhydrous ammonia plant, valued at more than $500 million, within the company’s nylon-6,6 intermediates production site at Victoria, TX. The plant is expected to produce more than 400,000 m.t./year of ammonia and could be operational in 2017, pending final approvals, permits, and authorizations, Invista says....
http://www.chemweek.com/sections/business_finance/usa_americas/Invista-plans-$500-million-ammonia-plant-at-Victoria-TX_55279.html
September 20, 2013
LyondellBasell Industries says that it has entered into a new contract with CEO James Gallogly, effective 14 May 2014. The company has also announced the promotion of two senior...
http://www.chemweek.com/sections/business_finance/usa_americas/LyondellBasell-signs-new-contract-with-CEO-names-senior-executives_55280.html
September 20, 2013
Praxair has started up a 135 million-standard cubic feet/day (scfd) hydrogen plant at Valero’s St. Charles refinery, at Norco, LA, as part of a long-term supply agreement. Also...
http://www.chemweek.com/sections/business_finance/usa_americas/Praxair-starts-up-hydrogen-plant-extends-LA-pipeline_55281.html
September 20, 2013
Walmart has announced a plan to phase out 10 hazardous chemicals in cleaning, personal-care, and cosmetic products sold at the store, although the company did not disclose the specific chemicals....
http://www.chemweek.com/sections/business_finance/usa_americas/Walmart-to-phase-out-10-chemicals-in-consumer-goods_55298.html
September 20, 2013
BASF plans to build a $42-million polyurethane (PU) systems house at Geismar, LA, the company announced on 12 September. BASF expects to begin construction in the second quarter of...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-to-build-polyurethane-systems-house-at-Geismar-site_55299.html
September 20, 2013
State-owned Petroquímica de Venezuela (Pequiven; Caracas) will invest $4 billion to build new polymer plants in western Venezuela. Pequiven estimates that it will nearly triple...
http://www.chemweek.com/sections/business_finance/usa_americas/Pequiven-to-invest-$4-billion-to-expand-plastics-capacity_55300.html
September 20, 2013
Ferro has raised its 2015 earnings target to $1/share or higher, up from 90 cts–$1/share previously, citing the expected benefit from an effort to improve procurement processes...
http://www.chemweek.com/sections/business_finance/usa_americas/Ferro-ups-2015-earnings-target-on-cost-savings_55301.html
September 20, 2013
Petróleos Mexicanos (Pemex; Mexico City) and Mexichem (Tlalnepantla, Mexico) have formally agreed to terms of a previously announced joint venture to produce vinyl chloride...
http://www.chemweek.com/sections/business_finance/usa_americas/Mexichem-enters-vinyl-chloride-monomer-venture-with-Pemex_55302.html
September 20, 2013
OPX Biotechnologies (OPXBio) a Boulder, CO–based industrial biotechnology firm working with Dow Chemical to bring biobased acrylic acid to market, expects to begin a major scale-up of process technology in 2014 with commercial-scale operations targeted for 2017....
http://www.chemweek.com/sections/business_finance/usa_americas/OPX-advances-biobased-acrylic-plans-new-funding-round_55303.html
September 20, 2013
The Society of Chemical Industry– America International Group (SCI; New York), last week presented the Perkin Medal, the US industry’s highest honor in applied chemistry, to Bruce Roth, for his work on research, discovery and invention of atorvastatin, the best-selling pharmaceutical marketed as Lipitor....
http://www.chemweek.com/sections/business_finance/usa_americas/Lipitor-inventor-Bruce-Roth-wins-Perkin-Medal_55304.html
September 20, 2013
OCI Resources (OCIR; Atlanta), the majority-owned US soda ash operations of OCI (Seoul), launched its initial public offering as a master limited partnership (MLP) on the New York...
http://www.chemweek.com/sections/business_finance/usa_americas/OCIs-US-soda-ash-operations-go-public-in-$95-million-offering_55305.html
September 6, 2013
Praxair has called on Congress to extend funding for the Federal Helium Program through fiscal 2014, ending 31 December. Funding for the Federal Helium Reserve (Amarillo, TX), run by...
http://www.chemweek.com/sections/business_finance/usa_americas/Praxair-calls-on-Congress-to-extend-helium-program_54960.html
September 6, 2013
Rockwood announced on 4 September that is had completed the sale of its advanced ceramic business CeramTec (Plochingen, Germany) to Cinven, a European private equity firm, for €1.49 billion ($1.96 billion). After all transaction adjustments, fees, and taxes, Rockwood received $1.75 billion in cash for the business....
http://www.chemweek.com/sections/business_finance/usa_americas/Rockwood-completes-ceramics-sale-raises-dividend_54961.html
September 6, 2013
RPM announced on 28 August that it had reached an agreement with the US General Services Administration (GSA; Washington) resolving a dispute over improper pricing and discounting...
http://www.chemweek.com/sections/business_finance/usa_americas/RPM-resolves-pricing-dispute-with-US-government-buys-tile-producer_54962.html
September 6, 2013
Shell Chemical has begun accepting bids from ethane suppliers for its proposed petrochemical complex in Pennsylvania, according to a company statement issued on 27 August. The Shell...
http://www.chemweek.com/sections/business_finance/usa_americas/Shell-taking-ethane-bids-for-proposed-Pennsylvania-cracker_54990.html
September 6, 2013
OCI Resources (Atlanta), the majority-owned US soda ash operations of OCI (Seoul), has announced the launch of its initial public offering on the New York Stock Exchange. Founded...
http://www.chemweek.com/sections/business_finance/usa_americas/Soda-ash-producer-OCI-Resources-details-$100-million-IPO_54991.html
September 6, 2013
production of basic chemicals and plastics in the United States will increase at an average rate of 5%/year through 2020 to meet growing demand for cost-advantaged exports, according...
http://www.chemweek.com/sections/business_finance/usa_americas/IHS-Shale-to-boost-US-basic-chemicals-production-by-5-percentyear_54992.html
September 6, 2013
Trunkline LNG Export, a joint venture between Energy Transfer Equity and Energy Transfer Partners, has awarded the front-end engineering and design (FEED) contract to Technip for the...
http://www.chemweek.com/sections/business_finance/usa_americas/Technip-wins-FEED-contract-for-US-LNG-liquefaction-plant_54993.html
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