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November 14, 2014
Sunoco Logistics has concluded the open season for the company’s $2.5-billion Mariner East 2 pipeline project. The pipeline will carry natural gas liquids (NGLs) from the...
http://www.chemweek.com/sections/business_finance/usa_americas/Sunoco-advances-Mariner-2-plans-PDH-at-Marcus-Hook_65390.html
November 14, 2014
Flint Hills Resources (Wichita, KS) plans to close its 85,000-m.t./year Marysville, MI, polypropylene (PP) plant in July 2015. Production will be shifted to the company’s Longview...
http://www.chemweek.com/sections/business_finance/usa_americas/Flint-Hills-to-close-Marysville-MI-polypropylene-plant-in-July_65389.html
November 14, 2014
Vertellus Specialties (Indianapolis) has acquired Pentagon Chemicals (Halebank, UK), a maker of fine and specialty chemicals for the life science market, Vertellus president and CEO...
http://www.chemweek.com/sections/business_finance/usa_americas/Vertellus-Specialties-acquires-UKs-Pentagon-Chemicals_65391.html
November 14, 2014
Commodity producers in the Americas have turned in a mixed bag of third-quarter results. Demand has strengthened, but some markets have presented special challenges. ExxonMobil’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Commodity-producers-report-solid-demand-in-the-third-quarter_65416.html
November 14, 2014
Later-reporting specialty chemical companies mostly beat estimates in the third quarter, as sales increased in many businesses. The volumes of Ashland’s specialty ingredients...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialties-firms-post-higher-third-quarter-revenues_65417.html
November 14, 2014
Ballooning trade deficits and how Latin American can emulate North America’s investment boon with its own shale gas resources dominated discussion at the 34th annual meeting of...
http://www.chemweek.com/sections/business_finance/usa_americas/APLA-2014-Investment-lags-but-shale-prospects-emerge_65421.html
November 14, 2014
Eastman Chemical is forecasting 8–12% annual earnings growth for the next three years. Earnings in 2014 are expected to approach $7.00/share, up from $6.44 in 2013, with 2015...
http://www.chemweek.com/sections/business_finance/usa_americas/Eastman-sees-strong-earnings-growth-through-2017_65422.html
November 14, 2014
Momentive Specialty Chemicals (MSC) plans to build two formaldehyde plants in Louisiana. Investment will total $66 million, with construction occurring through 2014 and 2015. Combined...
http://www.chemweek.com/sections/business_finance/usa_americas/Momentive-to-build-two-formaldehyde-plants-in-Louisiana_65423.html
November 14, 2014
Shell Chemical is exercising its option to buy a site in Monaca, PA, for a potential world-scale ethylene and derivatives project, according to Horsehead Holding, owner of the site...
http://www.chemweek.com/sections/business_finance/usa_americas/Shell-to-buy-Monaca-PA-site-for-potential-cracker-project_65424.html
November 10, 2014
Virent (Madison, WI) and the PlantPET Technology Collaborative (PTC) have announced that they have signed an expression of interest that provides individual members of the PTC an...
http://www.chemweek.com/sections/business_finance/usa_americas/Virent-PlantPET-Technology-Collaborative-sign-expression-of-interest-on-plant-based-p-xylene_65253.html
October 31, 2014
BASF says its BASF Venture Capital subsidiary has invested $1.5 million in SLIPS Technolgies (Cambridge, MA), part of a $3 million series A financing. Swiss entrepreneur and private...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-invests-$1-5-million-in-SLIPS-Technologies-signs-joint-development-agreement_64890.html
October 31, 2014
ACC’s monthly chemical activity barometer (CAB) decreased 0.1% over October measured on a three-month moving average (3MMA) basis. However, despite the decline, ACC says the CAB...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-chemical-activity-barometer-falls-in-October_64952.html
October 31, 2014
Sasol has decided to proceed with an $8.1-billion ethane cracker and derivatives project at the company’s Lake Charles, LA, site....
http://www.chemweek.com/sections/business_finance/usa_americas/Sasol-greenlights-$8-1-billion-Louisiana-investment_64985.html
October 31, 2014
Westlake has held a dedication ceremony to celebrate the expansion of the company’s Calvert City, KY, vinyls complex. Westlake spent in excess of $300 million for the project...
http://www.chemweek.com/sections/business_finance/usa_americas/Westlake-dedicates-ethylene-PVC-expansions-in-Kentucky_64986.html
October 31, 2014
DuPont fired back at activist investor Trian Management in a 28 October letter to shareholders, citing the benefits of maintaining DuPont’s diverse product portfolio and dismissing Trian’s proposal to split the company’s higher-growth nutrition, agriculture, and industrial biotech operations from its long-held materials segments....
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-makes-its-case-against-further-breakup_64988.html
October 31, 2014
Fertilizer producers report mixed results in the third quarter, with potash markets generally weak. Phosphate markets, meanwhile, have been strong for the major producers, while supply...
http://www.chemweek.com/sections/business_finance/usa_americas/Fertilizer-producers-report-mixed-third-quarter-results_64993.html
October 31, 2014
Specialty chemical companies that reported in late October mostly beat analysts’ earnings expectations. Most firms report increased sales, although volumes did vary by end...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-mostly-beat-estimates-despite-challenges_64994.html
October 27, 2014
The Intergovernmental Panel on Climate Change (IPCC; Geneva) today opened its meeting in Copenhagen to finalize its synthesis report, which will provide policymakers with a...
http://www.chemweek.com/sections/business_finance/usa_americas/IPCC-starts-meeting-to-finalize-its-synthesis-report-a-roadmap-for-policymakers-on-climate-change_64814.html
October 24, 2014
Platform Specialty Products (Miami) has agreed to acquire Arysta LifeScience, a maker of pesticides and biological products, from private equity firm Permira for approximately $3.51 billion. Platform was formed by the acquisition of specialty chemical maker MacDermid for $1.8 billion last year by an investment vehicle founded by Jarden executive chairman Martin Franklin....
http://www.chemweek.com/sections/business_finance/usa_americas/Platform-to-acquire-Arysta-for-$3-5-billion_64750.html
October 24, 2014
CF Industries (Deerfield, IL) and Yara International (Oslo) announced on 17 October that they have terminated merger discussions. Yara and CF, which confirmed deal talks on 23...
http://www.chemweek.com/sections/business_finance/usa_americas/CF-and-Yara-end-merger-talks_64758.html
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