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March 19, 2013
Cost-cutting helped biobased isobutanol producer Gevo (Englewood, CO) narrow its fourth-quarter loss and beat analysts’ estimates despite a production setback at its first...
http://www.chemweek.com/sections/business_finance/usa_americas/Gevo-narrows-loss-Luverne-plant-to-resume-operations_50518.html
March 8, 2013
BASF says that Fred Münstermann, current president of regional functions and CFO of the North American operations of BASF, will succeed Hartwig Michels as president of BASF’s global procurement competence center at Ludwigshafen, effective 1 August....
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-announces-new-North-American-CFO_50295.html
March 8, 2013
Industry groups say they support President Obama's nomination of Gina McCarthy, current EPA assistant administrator for air and radiation, as next head of EPA....
http://www.chemweek.com/sections/business_finance/usa_americas/McCarthy-draws-industry-support-for-EPA-chief-job_50296.html
March 8, 2013
South Louisiana Methanol (SLM), a partnership of Zero Emission Energy Plants (ZEEP; Austin, TX) and Todd Corp. (Wellington, New Zealand), plans to construct a $1.3-billion methanol...
http://www.chemweek.com/sections/business_finance/usa_americas/ZEEP-Todd-to-build-$1-3-billion-methanol-plant-in-Louisiana_50323.html
March 8, 2013
nova Chemicals reports year-on-year (YOY) declines for annual and fourth-quarter 2012 profits—results that the company attributes to lower margins in its olefins and polyolefins...
http://www.chemweek.com/sections/business_finance/usa_americas/Novas-earnings-slip-on-lower-margins-for-olefins-polyolefins_50324.html
March 8, 2013
Sealed Air (Elmwood Park, NJ) named Jerome Peribere president and CEO of the company, effective 1 March. Peribere joined Sealed Air in September 2012 as president and COO. Peribere had previously been with Dow Chemical, serving as CEO of Dow Advanced Materials, before joining Sealed Air last September. William Hickey will continue as chairman until the company’s annual meeting in May....
http://www.chemweek.com/sections/business_finance/usa_americas/Sealed-Air-names-former-Dow-executive-Peribere-as-CEO_50325.html
March 8, 2013
Several US industry organizations, including ACC and the National Association of Chemical Distributors (NACD), have announced their support for the introduction of the General Duty...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-NACD-announce-support-for-Clause-Clarification-Act_50341.html
March 8, 2013
To protect their newly advantaged cost position, some US chemical producers are inviting government intervention into the natural gas market, but they are making a mistake, according to Stephen Pryor, president of ExxonMobil Chemical....
http://www.chemweek.com/sections/business_finance/usa_americas/ExxonMobils-Pryor-defends-LNG-exports_50342.html
March 8, 2013
Symrise (Holzminden, Germany) says it has acquired the global fragrance business of Belmay Group (New York), an international developer and manufacturer of fragrances and perfume oils...
http://www.chemweek.com/sections/business_finance/usa_americas/Symrise-acquires-Belmays-fragrance-activities_50343.html
March 1, 2013
Ascend Performance Materials (Houston) is proceeding with plans to build a $1.2-billion propane dehydrogenation (PDH) facility at its Chocolate Bayou complex at Alvin, TX. The PDH unit...
http://www.chemweek.com/sections/business_finance/usa_americas/Ascend-plans-$1-2-billion-PDH-plant-at-Chocolate-Bayou_50166.html
March 1, 2013
Hanwha Chemical (Seoul) plans to build an ethylene plant in the United States in collaboration with a local shale gas company, according to Korean press reports, citing an unnamed...
http://www.chemweek.com/sections/business_finance/usa_americas/Hanwha-eyes-US-ethylene-plant-based-on-low-cost-shale_50173.html
March 1, 2013
Fertilizer makers say earnings, and demand, are set to recover in early 2013, and an early spring application season indicates signs of an uptick—particularly for nitrogen and...
http://www.chemweek.com/sections/business_finance/usa_americas/Fertilizer-outlook-mixed-as-nitrogen-grows-potash-slumps_50174.html
March 1, 2013
A federal jury has ordered Dow Chemical to pay $400 million to plaintiffs in a urethane chemicals price-fixing class-action lawsuit. Under federal antitrust law, the damages could be...
http://www.chemweek.com/sections/business_finance/usa_americas/Jury-orders-Dow-to-pay-$400-million-in-urethanes-price-fixing_50172.html
March 1, 2013
Dow Chemical has launched a $1.5-billion share buyback program. The buybacks will occur either in the open market or in privately negotiated transactions, Dow says. ”This...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-launches-$1-5-billion-share-buyback_50171.html
March 1, 2013
Oversupply and tepid demand for titanium dioxide (TiO2) has sent prices and profits lower, but analysts expect prices to stabilize in early 2013 as demand improves from the spring...
http://www.chemweek.com/sections/business_finance/usa_americas/TiO2-slump-hurts-results-but-prices-may-stabilize-soon_50170.html
March 1, 2013
specialty chemical earnings reports for the fourth quarter were mixed. Ecolab matched estimates on strong sales from the former Nalco. Rockwood’s earnings declined, mostly on...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-vary-on-mixed-end-markets_50169.html
March 1, 2013
Westlake Chemical and Kraton Performance Polymers posted divergent results for the fiscal quarter ended 31 December 2012. Westlake’s fourth-quarter earnings more than tripled...
http://www.chemweek.com/sections/business_finance/usa_americas/Westlake-soars-on-shale-advantage-Kratons-loss-widens-on-charge_50168.html
March 1, 2013
Solvay has confirmed CW reports that it plans to exit its Latin American polyvinyl chloride (PVC) business Indupa. The company reported Indupa as “assets held for sale” in...
http://www.chemweek.com/sections/business_finance/usa_americas/Solvay-to-sell-Latin-American-PVC-business-Indupa_50167.html
February 21, 2013
Industry groups on both sides of the Atlantic welcomed President Obama’s call for a US and EU trade agreement in his State of the Union address on 12 February. Industry groups released statements supporting the talks and called on EU and US officials to use the opportunity to enhance regulatory cooperation....
http://www.chemweek.com/sections/business_finance/usa_americas/Industry-welcomes-Obamas-support-for-US-EU-trade-talks_49883.html
February 15, 2013
Scaling Success: Genomatica produces 5 million lbs of BDO in five weeks at DuPont’s Loudon facility.. Biochemical firm Genomatica (San Diego) says it has produced 5 million lbs...
http://www.chemweek.com/sections/business_finance/usa_americas/Genomatica-reports-BDO-milestone_49866.html
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