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July 12, 2013
The US SEC has charged a former Dow Chemical executive and two others with insider trading ahead of Dow’s $18.8-billion acquisition of Rohm and Haas. The SEC’s complaint...
http://www.chemweek.com/sections/business_finance/usa_americas/SEC-charges-former-Dow-IT-executive-with-insider-trading_53570.html
July 12, 2013
OCI Resources, a newly launched affiliate of soda ash producer OCI Chemical (Atlanta), has filed with the SEC to raise up to $115 million in an initial public offering. OCI Resources...
http://www.chemweek.com/sections/business_finance/usa_americas/Soda-ash-producer-OCI-Resources-files-for-an-IPO-in-New-York_53571.html
July 12, 2013
EuroChem (Moscow), Russia’s largest fertilizer producer and 1 of the top 10 global fertilizer makers, plans to build an ammonia and urea production complex in Louisiana to...
http://www.chemweek.com/sections/business_finance/usa_americas/EuroChem-to-invest-$1-5-billion-in-ammonia-urea-complex-in-Louisiana_53572.html
July 12, 2013
Mexichem (Tlalnepantla, Mexico) estimates that during the second quarter, its sales amounted to about 16.9 billion Mexican pesos ($1.36 billion), 4% below the same period the year...
http://www.chemweek.com/sections/business_finance/usa_americas/Mexichem-expects-4-percent-dip-in-second-quarter-sales_53573.html
July 12, 2013
KMG Chemicals president and CEO J. Neil Butler will resign from his executive and director positions, effective 10 July, the company’s board of directors announced late June...
http://www.chemweek.com/sections/business_finance/usa_americas/KMG-Chemicals-CEO-announces-resignation_53585.html
July 10, 2013
Ashland will pay $2 million in penalties to settle alleged violations of a consent decree with the EPA at the resins disposal superfund site in Jefferson Borough, PA, EPA says. The...
http://www.chemweek.com/sections/business_finance/usa_americas/Hercules-to-pay-$2-million-penalty-for-environmental-violations_53481.html
June 28, 2013
ACC has released its chemical activity barometer (CAB) for May, showing continued US economic growth. The CAB increased 0.3% over May on a 3-month moving average basis—the 11th...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-economic-indicator-survey-forecasts-continued-US-growth_53246.html
June 28, 2013
CF Industries says it shut down its Medicine Hat, AB, nitrogen complex on 21 June in advance of flooding along the Saskatchewan River. The site is located about 200 feet above the...
http://www.chemweek.com/sections/business_finance/usa_americas/Alberta-flooding-forces-CF-Industries-to-halt-production_53243.html
June 28, 2013
Rockwood is canceling the auction of its Sachtleben titanium dioxide (TiO2) and performance additives businesses after negotiations with private equity firms failed to produce an...
http://www.chemweek.com/sections/business_finance/usa_americas/Rockwood-reportedly-cancels-TiO2-sale-spin-off-possible_53244.html
June 28, 2013
Arsenal Capital (New York) has acquired adhesives and sealants maker Adco Global (Lincolnshire, IL) from Aurora Capital (Los Angeles), another private equity firm. Financial details of...
http://www.chemweek.com/sections/business_finance/usa_americas/Arsenal-Capital-buys-adhesives-maker-Adco-Global_53247.html
June 28, 2013
Manuel Sánchez Guzmán, who since November last year has been acting as CEO of the petrochemical division of Petróleos Mexicanos (Pemex; Mexico City), has been officially appointed...
http://www.chemweek.com/sections/business_finance/usa_americas/Mexican-president-confirms-Pemex-petchem-CEO_53248.html
June 28, 2013
UPM (Helsinki) and cellulosic sugar start-up Renmatix (King of Prussia, PA) have entered into a nonexclusive joint development agreement to develop Renmatix’s water-based...
http://www.chemweek.com/sections/business_finance/usa_americas/UPM-Renmatix-sign-biochemicals-development-agreement_53249.html
June 28, 2013
Monsanto has reaffirmed its expectation in a 26 June release that 2013 fiscal-year earnings will increase more than 20% year-on-year (YOY), after reporting third-quarter earnings ahead...
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-profits-slip-3-percent-maintains-2013-guidance_53250.html
June 24, 2013
The start of negotiations on a transatlantic trade and investment partnership (TIPP), announced this week by US president Obama and European Union council president van Rompuy at...
http://www.chemweek.com/sections/business_finance/usa_americas/Cefic-welcomes-start-of-negotiations-on-a-transatlantic-trade-and-investment-partnership_53040.html
June 21, 2013
Cabot has entered into an agreement with Grupo Kuo to purchase the remaining 60% equity of its Mexican carbon black manufacturing joint venture Nhumo for $105 million, of which $80...
http://www.chemweek.com/sections/business_finance/usa_americas/Cabot-acquires-full-control-of-Mexican-carbon-black-JV_53015.html
June 21, 2013
DuPont says it expects first-half operating earnings per share to be about 10% below the prior year, citing weaker agriculture and nutrition results due to cool and wet weather in North America and Europe. DuPont had previously said that it expected first-half earnings to fall around 7–9%, when it reported first-quarter earnings on 23 April....
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-Chemtura-expect-lower-second-quarter-earnings_53016.html
June 21, 2013
Yara International (Oslo) has announced that it will postpone a planned expansion project at Belle Plaine, SK. Yara says it views the Belle Plaine site as an optimal location for a...
http://www.chemweek.com/sections/business_finance/usa_americas/Yara-postpones-Canadian-fertilizer-project-on-cost-concerns_53017.html
June 21, 2013
Gevo (Englewood, CO) announced on 18 June that it has resumed commercial production of isobutanol at its Luverne, MN, site after isolating and removing contamination streams that...
http://www.chemweek.com/sections/business_finance/usa_americas/Gevo-resumes-isobutanol-production-at-Luverne_53018.html
June 21, 2013
Myriant (Quincy, MA) says it has successfully started operations at its 13,500-m.t./year biobased succinic acid plant at Lake Providence, LA—the company’s first large-scale production unit. The milestone follows the successful production of 1,4-butanediol (BDO) and tetrahydrofuran made from Myriant’s biosuccinic acid at Johnson Matthey Davy Technologies’ Teesside, UK, facility....
http://www.chemweek.com/sections/business_finance/usa_americas/Myriant-starts-up-Lake-Providence-biobased-succinic-acid-plant_53019.html
June 21, 2013
Momentum in industrial biotechnology is accelerating as large-scale projects are commissioned and biobased processes become part of strategic plans at large chemical companies...
http://www.chemweek.com/sections/business_finance/usa_americas/Industrial-biotech-continues-to-build-critical-mass_53020.html
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