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February 6, 2015
Methanex (Vancouver) has successfully produced methanol in a 1.0-million m.t./year plant relocated from Punta Arenas, Chile; to Geismar, LA. “We expect the plant to ramp up to full...
http://www.chemweek.com/sections/business_finance/usa_americas/Methanex-brings-first-relocated-Geismar-methanol-plant-online_67590.html
February 6, 2015
BASF has decided to exit a biobased acrylic acid partnership with Novozymes and Cargill, Novozymes announced on 27 January. “BASF had decided to end the collaboration with...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-exits-biobased-acrylic-acid-collaboration_67591.html
February 6, 2015
Williams Partners (Tulsa, OK) says it expects to begin manufacturing ethylene at its expanded Geismar, LA, plant for sale in February. The company had originally planned to start the...
http://www.chemweek.com/sections/business_finance/usa_americas/Williams-restarting-Geismar-ethylene-unit-after-several-delays_67592.html
February 6, 2015
Penford shareholders have approved a plan for the food and industrial starch maker to be acquired by Ingredion (Westchester, IL) for $340.0 million. Ingredion will acquire all...
http://www.chemweek.com/sections/business_finance/usa_americas/Penford-shareholders-okay-merger-with-Ingredion_67593.html
February 6, 2015
Sensient Technologies (Milwaukee) has announced adjusted operating income of $48.0 million in fourth-quarter 2014 compared with $44.6 million for the year-ago period, an increase of...
http://www.chemweek.com/sections/business_finance/usa_americas/Sensient-Technologies-reports-increases-in-operating-income_67605.html
February 2, 2015
The industry, research, and energy committee (ITRE) of the European Parliament has made a number of recommendations to the European Commission on the negotiations with the United...
http://www.chemweek.com/sections/business_finance/usa_americas/European-parliamentary-committee-makes-recommendations-to-the-European-Commission-on-TTIP_67406.html
January 23, 2015
Praxair says it is changing the exchange rate used for its Venezuelan business to line up with the Sicad II rate of 50 bolivars to the dollar rather than government’s official...
http://www.chemweek.com/sections/business_finance/usa_americas/Praxair-to-shift-exchange-rate-for-Venezuela-operations_67117.html
January 23, 2015
Mosaic says it expects that reported phosphates volume and phosphates and potash margins will exceed previously provided guidance ranges and that potash volumes will be at the high end of the company’s guidance range, resulting in fourth-quarter 2014 earnings per diluted share of 93–98 cts, including approximately 10 cts in net benefits from notable items....
http://www.chemweek.com/sections/business_finance/usa_americas/Mosaic-raises-guidance-on-strong-volumes-and-margins_67118.html
January 23, 2015
Ube Industries says it has increased its stake in Advanced Electrolyte Technologies (AET; Midland, MI) and intends to raise its stake further by the end of March. AET was established...
http://www.chemweek.com/sections/business_finance/usa_americas/Ube-Industries-raises-stake-in-electrolytes-JV-with-Dow_67145.html
January 23, 2015
Albemarle on 20 January announced a corporate realignment following the close of its $6.2-billion acquisition of Rockwood Holdings earlier in the month....
http://www.chemweek.com/sections/business_finance/usa_americas/Albemarle-realigns-structure-after-Rockwood-deal-close_67134.html
January 23, 2015
Monsanto says the US Department of Agriculture has deregulated its dicamba-tolerant trait technologies—Roundup Ready 2 Xtend soybeans and Bollgard II XtendFlex cotton. These weed...
http://www.chemweek.com/sections/business_finance/usa_americas/USDA-deregulates-Monsanto-weed-control-traits_67135.html
January 23, 2015
LyondellBasell Industries says three senior executives—Timothy Roberts, Patrick Quarles, and Kevin Brown—have assumed expanded roles within the company. “These...
http://www.chemweek.com/sections/business_finance/usa_americas/LyondellBasell-expands-role-of-three-senior-execs-as-new-CEO-takes-helm_67136.html
January 23, 2015
Brazil’s chemical trade deficit totaled about $31.2 billion in 2014—approximately $400.0 million below estimates disclosed by the country’s chemical industry association, Abiquim (São Paulo) during its annual meeting last December, Abiquim says....
http://www.chemweek.com/sections/business_finance/usa_americas/Brazils-chemical-trade-deficit-drops-2-4-percent-in-2014_67143.html
January 23, 2015
Blank check firm Quinpario Acquisition Corp. 2 has priced its initial public offering at $10/share, with the company hoping to raise $350.0 million from the offering. Quinpario was...
http://www.chemweek.com/sections/business_finance/usa_americas/Second-Quinpario-fund-plans-$350-million-IPO-to-facilitate-buyouts_67144.html
January 19, 2015
Crude oil prices have not been low for long enough to curtail chemical production growth in the United States, IHS Chemical says. Brent crude and West Texas Intermediate (WTI) prices...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemical-industry-to-reap-benefits-of-lower-oil-prices_66874.html
January 19, 2015
PPG Industries on 15 January reported fourth-quarter net income from continuing operations of $86.0 million, or 62 cts/share, down 64% year-on-year (YOY), on sales up 6.0%, to $3.71 billion....
http://www.chemweek.com/sections/business_finance/usa_americas/PPG-beats-estimates-but-earnings-decline-on-charges_66892.html
January 16, 2015
Two surprises greeted US Gulf Coast ethylene buyers returning from New Year’s holidays: a maintenance shutdown at Chevron Phillips Chemical’s (CPChem) Cedar Bayou complex...
http://www.chemweek.com/sections/business_finance/usa_americas/US-ethylene-prices-drop-on-rumors-of-problems-in-Evangeline-pipeline_66875.html
January 16, 2015
The United States could increase the level of renewable energy in its overall energy mix from 7.5% in 2010 to 27% by 2030, according to a report published by the International...
http://www.chemweek.com/sections/business_finance/usa_americas/Report-US-could-triple-renewable-energy-by-2030_66876.html
January 16, 2015
Braskem says that it has improved the efficiency of naphtha usage at the company’s petrochemical complex at Triunfo, Brazil. The improvement was made at the site’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-boosts-efficiency-at-Brazil-site_66891.html
January 16, 2015
Albemarle on 12 January completed the $6.20-billion acquisition of Rockwood Holdings, which was announced in July 2014. Rockwood will become a wholly owned subsidiary of Albemarle, and...
http://www.chemweek.com/sections/business_finance/usa_americas/Albemarle-completes-$6-2-billion-Rockwood-acquisition_66893.html
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