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July 18, 2014
Elevance Renewable Sciences (Woodbridge, IL) and Genting Plantations (Kuala Lumpur) have announced plans to build a 240,000-m.t./year biorefinery based on Elevance’s metathesis...
http://www.chemweek.com/sections/business_finance/usa_americas/Elevance-Genting-Plantations-ink-biorefinery-collaboration_62572.html
July 10, 2014
The German chemical industry is in favor of the transatlantic trade and investment partnership (TTIP), currently being negotiated between the European Union and the United States, says...
http://www.chemweek.com/sections/business_finance/usa_americas/VCIs-Kley-Germanys-chemical-industry-in-favor-of-TTIP_62395.html
July 7, 2014
After three years of flat to negative growth, US basic chemicals production, powered by rising domestic demand and increasing export opportunities, will ramp up this year and remain...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-US-basics-production-to-snap-back-this-year_62294.html
July 7, 2014
Chevron Phillips Chemical (CPChem; The Woodlands, TX) plans to begin a 100,000-m.t./year expansion of its Cedar Bayou normal alpha-olefins (NAO), also called linear alpha-olefins...
http://www.chemweek.com/sections/business_finance/usa_americas/CPChem-gets-greenlight-for-Cedar-Bayou-alpha-olefins_62291.html
July 7, 2014
Acron (Velikiy Novgorod, Russia), a producer of fertilizers; and the Rio Tinto group have formed a joint venture to evaluate developing their jointly held potash properties in...
http://www.chemweek.com/sections/business_finance/usa_americas/Acron-Rio-Tinto-form-JV-to-develop-Saskatchewan-potash-deposit_62292.html
July 7, 2014
Univar, the largest US chemical distributor, filed 26 July with SEC for an initial public offering....
http://www.chemweek.com/sections/business_finance/usa_americas/Distributor-Univar-files-for-initial-public-offering_62293.html
July 7, 2014
Braskem plans to build an ultrahigh molecular weight polyethylene (UHMWPE) plant at its La Porte, TX, site, the company says. Groundbreaking for the new plant will take place during...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-to-build-UHMWPE-plant-at-Texas-site_62295.html
July 7, 2014
Kuraray says that its MonoSol (Merrillville, IN) subsidiary will expand production capacity for polyvinyl alcohol (PVOH) film at its Portage, IN, site. An additional PVOH film...
http://www.chemweek.com/sections/business_finance/usa_americas/Kuraray-to-expand-PVOH-film-capacity-at-Portage-IN_62296.html
July 7, 2014
DuPont says it aims to save $1 billion in costs by 2019 as part a program to streamline operations and eliminate stranded costs associated with the spin-off of its $7-billion/year performance chemicals unit....
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-plans-to-cut-$1-billion-over-five-years-as-spin-off-nears_62297.html
July 7, 2014
Mitsubishi Rayon says that its subsidiary Mitsubishi Rayon Carbon Fiber and Composites (Irvine, CA) will expand carbon fiber capacity at its manufacturing site at Sacramento. Capacity...
http://www.chemweek.com/sections/business_finance/usa_americas/Mitsubishi-Rayon-to-double-capacity-at-carbon-fiber-plant-in-California_62298.html
July 7, 2014
PotashCorp says it has begun the recall process at the company’s Lanigan, SK, potash mine to reinstate 47 permanent employees. “The recall reflects ongoing tightness in the...
http://www.chemweek.com/sections/business_finance/usa_americas/PotashCorp-recalls-more-workers-after-market-upturn_62299.html
June 27, 2014
Chevron Phillips Chemical (CPChem; The Woodlands, TX) has broken ground on two 500,000-m.t./year polyethylene (PE) plants at its site at Old Ocean, TX. The new plants are part of...
http://www.chemweek.com/sections/business_finance/usa_americas/CPChem-begins-constructing-PE-plants-at-Old-Ocean-TX_62071.html
June 27, 2014
ExxonMobil Chemical says it has begun building a second steam cracker at its Baytown, TX, facility and two downstream polyethylene (PE) lines at its Mont Belvieu, TX, plastics plant. EPA gave the project a final greenhouse gas Prevention of Significant Deterioration construction permit in May....
http://www.chemweek.com/sections/business_finance/usa_americas/ExxonMobil-begins-expanding-Baytown-ethylene-polyethylene_62072.html
June 27, 2014
Williams Partners (Williams; Tulsa, OK) has pushed restarting its Geismar, LA, ethylene plant back one month, to July. Williams expects sales from the facility to begin in mid-August...
http://www.chemweek.com/sections/business_finance/usa_americas/Williams-delays-restarting-Geismar-cracker-to-July_62073.html
June 27, 2014
FMC announced on 23 June that it is cutting its second-quarter and full-year earnings guidances by about 9.1% and about 5.6%, respectively. The cuts are due to persistent weakness in...
http://www.chemweek.com/sections/business_finance/usa_americas/FMC-cuts-guidance-on-weaker-than-expected-ag-rebound_62084.html
June 27, 2014
Lubrizol says it has broken ground on a surfactants plant at Belford Roxo, Rio de Janeiro State, Brazil. Lubrizol will invest over $20 million to build the new plant, which will help...
http://www.chemweek.com/sections/business_finance/usa_americas/Lubrizol-to-build-$20-million-surfactants-plant-in-Brazil_62085.html
June 27, 2014
A. Schulman has named Bernard Rzepka as its next CEO, effective 1 January 2015. Current chairman and CEO Joseph Gingo will remain chairman after his retirement as CEO on 31 December....
http://www.chemweek.com/sections/business_finance/usa_americas/A-Schulman-names-current-COO-as-next-CEO_62086.html
June 27, 2014
The Supreme Court on 23 June upheld EPA’s authority to regulate greenhouse gases (GHGs) from “sources that would need permits based on their emission of conventional pollutants.”...
http://www.chemweek.com/sections/business_finance/usa_americas/Supreme-Court-upholds-EPA-regulation-of-greenhouse-gases_62087.html
June 27, 2014
Monsanto, on 25 June, reported fiscal third-quarter net income down 5.6% year-on-year (YOY), to $858 million, on sales that were roughly flat YOY, at $4.25 billion. Earnings totaled...
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-beats-estimates-plans-$10-billion-share-buyback_62100.html
June 27, 2014
H.B. Fuller says that it has signed an agreement to acquire Tonsan Adhesive (Beijing), a maker of engineering adhesives....
http://www.chemweek.com/sections/business_finance/usa_americas/Fuller-to-acquire-Chinas-Tonsan-Adhesive_62109.html
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