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May 11, 2012
Dow Chemical says it has signed a contingent commercial offtake agreement with Solazyme (San Francisco), an algae-based oils firm, for Solazymes to supply oils for biobased dielectric...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-and-Solazyme-Sign-Commercial-Offtake-Agreement_43345.html
May 11, 2012
H.B. Fuller says it will sell its Central American paints business to Grupo Mindial (Panama City, Panama) subsidiary Companía Global de Pinturas (Pinturas; Medellín...
http://www.chemweek.com/sections/business_finance/usa_americas/Fuller-Divests-Central-American-Paints-Business_43360.html
May 11, 2012
Cella: Capitalizing on shale resources. Chevron Phillips Chemical (CP Chem) says it will locate two previously announced polyethylene (PE) facilities at its Sweeny facility in Old...
http://www.chemweek.com/sections/business_finance/usa_americas/Chevron-Phillips-Chemical-to-Site-PE-Plants-at-Sweeny_43361.html
May 11, 2012
Shin-Etsu will invest $120 million to build a hydroxyethyl cellulose (HEC) plant at its Plaquemine, LA site. The plant is expected to produce 9,000 tons/year of HEC. Shin-Etsu has...
http://www.chemweek.com/sections/business_finance/usa_americas/Shin-Etsu-to-Build-Hydroxyethyl-Cellulose-Plant-at-Plaquemine_43362.html
May 11, 2012
Favorable ethylene margins in North America and improved demand outside of Europe lifted most commodity and diversified earnings in the fiscal quarter ended March 31, 2012. Executives...
http://www.chemweek.com/sections/business_finance/usa_americas/North-American-Shale-Lifts-Chemicals-Earnings_43377.html
May 11, 2012
Westlake Chemical says it has abandoned its $1.3-billion unsolicited bid to acquire Georgia Gulf and plans to liquidate its holdings of Georgia Gulf common stock as market conditions...
http://www.chemweek.com/sections/business_finance/usa_americas/Westlake-Abandons-$1-3-billion-Bid-for-Georgia-Gulf_43378.html
May 11, 2012
Alpek, the petrochemical unit of Grupo Alfa (Garza Garcia, Mexico), has raised an esti mated 10.8 billion pesos ($800 million) in its recent 27.50 pesos/share initial public offering...
http://www.chemweek.com/sections/business_finance/usa_americas/Alpek-Raises-$800-Million-in-Initial-Public-Offering_43379.html
May 11, 2012
Enterprise Products Partners says it expects record propane exports this year, exporting a high of 3.9 million barrels of propane in April. In response to the current increased demand...
http://www.chemweek.com/sections/business_finance/usa_americas/Enterprise-to-Boost-Propane-Export-Capacity-Expects-Record-Year_43380.html
May 11, 2012
Agrium’s first-quarter 2012 net earnings slipped 9% year-on-year, to $155 million. Adjusted earnings were $210 million and exclude a pre-tax loss of $13 million on natural gas and...
http://www.chemweek.com/sections/business_finance/usa_americas/Agrium-Earnings-Slip_43381.html
May 11, 2012
Specialty chemicals firms continue to report mixed results for the fiscal quarter ended March 31, 2012, as the European economy and certain end markets remain depressed. Acquisitions...
http://www.chemweek.com/sections/business_finance/usa_americas/First-Quarter-Specialty-Earnings-Mixed_43382.html
April 27, 2012
Chemical business units of oil majors posted mostly lower results, on weak volumes and margins. ExxonMobil Chemical reported first-quarter net income of $701 million, down 54% from the...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemical-Units-at-Oil-Majors-Post-Lower-Profits_43072.html
April 27, 2012
Industry representatives told U.S. lawmakers last week that the process used to compile the National Report on Carcinogens (RoC) lacks proper criteria for ensuring the scientific data...
http://www.chemweek.com/sections/business_finance/usa_americas/U-S-Reviews-Carcinogen-Report_43036.html
April 27, 2012
North American polymer-grade (PG) and chemical-grade (CG) propylene production reached 13.8 million m.t. in 2011, and is forecast to grow a mere 0.5% this year, as domestic producers...
http://www.chemweek.com/sections/business_finance/usa_americas/North-American-Market-Has-Room-to-Grow_42995.html
April 27, 2012
Auto: Other materials could be used to replace nylon-12 in the supply chain, producers say. Many chemical companies are looking to step into the supply gap opened by the explosion and...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemical-Companies-Look-to-Fill-Nylon-12-Supply-Gap_43049.html
April 27, 2012
Liveris: Ethylene to boost earnings. Dow Chemical CEO Andrew Liveris told investors last week that conditions will grow more favorable for U.S. ethylene makers, adding an estimated $2...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-Sees-U-S-Ethylene-Advantage-Widening_43050.html
April 27, 2012
Methanex says it has entered into a long-term offtake agreement with Orascom Construction Industries (OCI; Cairo), for a significant portion of the production from its methanol plant...
http://www.chemweek.com/sections/business_finance/usa_americas/Methanex-Signs-Offtake-Agreement-with-OCI-at-Beaumont-TX_43051.html
April 27, 2012
Sunoco has signed an exclusive agreement with The Carlyle Group (New York), a private equity firm, relating to a potential joint venture at Sunoco’s 330,000 bbls/day refinery in...
http://www.chemweek.com/sections/business_finance/usa_americas/Sunoco-and-Carlyle-Group-to-Consider-Refinery-JV_43052.html
April 27, 2012
Potash Corporation of Saskatchewan (PotashCorp) posted a 33% decline in profits, as potash buyers continued to hold off purchases and margins sunk on higher costs, although the company...
http://www.chemweek.com/sections/business_finance/usa_americas/Fertilizer-Firms-Expect-Strong-Second-Half-of-2012_43053.html
April 27, 2012
Specialty chemical companies reported solid first-quarter results, with most companies beating estimates and reporting rising profits. Ashland’s International Specialty Products...
http://www.chemweek.com/sections/business_finance/usa_americas/Most-Specialty-Firms-Report-Increased-Profits_43054.html
April 24, 2012
The Argentine government has seized control of YPF, majority owned by Repsol (Madrid), in a move to nationalize the country’s largest oil and gas company. The takeover comes...
http://www.chemweek.com/sections/business_finance/usa_americas/Argentina-Seizes-Control-of-YPF_42832.html
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