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May 31, 2013
BASF says it plans to expand manufacturing capacity for water-based polymers marketed under the Joncryl trade name at plants located at Wyandotte, MI, and Monaca, PA, to support growth...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-to-expand-US-production-capacity-for-water-based-polymers_52417.html
May 31, 2013
The Fertilizer Institute (TFI) has named Christopher Jahn, current president of the National Association of Chemical Distributors (NACD), as its president effective 9 September. Jahn...
http://www.chemweek.com/sections/business_finance/usa_americas/The-Fertilizer-Institute-names-NACDs-Jahn-president_52418.html
May 31, 2013
By 2020, planned chemical and plastics capital projects drawn by inexpensive shale-based natural gas could yield more than 530,000 permanent new jobs in the United States, according to...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-report-tallies-benefits-of-announced-chemical-investments_52425.html
May 31, 2013
Total says it is considering the construction of a new ethane steam cracker at its Port Arthur, TX, site to take advantage of low-cost US feedstocks....
http://www.chemweek.com/sections/business_finance/usa_americas/Total-eyes-Texas-cracker-BASF-Total-jv-shifts-toward-NGLs_52426.html
May 31, 2013
LyondellBasell Industries intends to repurchase up to 10% of its outstanding stock over the next 12 months, the company announced on 22 May. The repurchase program would be valued at...
http://www.chemweek.com/sections/business_finance/usa_americas/LyondellBasell-to-repurchase-up-to-10-percent-of-shares_52427.html
May 21, 2013
Air Products says it has has successfully begun operating its carbon recovery project at Port Arthur, TX, as a part of a Department of Energy’s (DOE) demonstration project that will capture about 1 million tons of carbon dioxide (CO2) annually....
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Products-begins-operating-DOE-carbon-capture-project_52135.html
May 21, 2013
Financial results from commodity and diversified firms continue to reflect persistent weakness in the global economy, although expanding ethylene margins have helped many stave off...
http://www.chemweek.com/sections/business_finance/usa_americas/First-quarter-profits-pressured-despite-strong-ethylene-margins_52111.html
May 21, 2013
Lanxess says its Rhein Chemie (Mannheim, Germany) subsidiary has opened a previously announced new facility for high-performance curing bladders, which are used in the production of...
http://www.chemweek.com/sections/business_finance/usa_americas/Lanxess-opens-production-facility-for-curing-bladders_52110.html
May 21, 2013
The US Department of Agriculture (USDA) says it is extending its regulatory review of two genetically modified seeds in order to evaluate the impact of increased use of the associated herbicides, a move that delays the commercial launch of potentially blockbuster product lines for Dow AgroSciences and Monsanto....
http://www.chemweek.com/sections/business_finance/usa_americas/USDA-orders-additional-review-of-Dow-Monsanto-traits_52108.html
May 21, 2013
Ferro has reached an agreement with FrontFour Capital and Quinpario Partners, agreeing to support two out of three of the shareholder group’s board nominees. The deal comes after...
http://www.chemweek.com/sections/business_finance/usa_americas/Ferro-shareholder-group-reach-agreement-on-board-nominees_52107.html
May 21, 2013
Biobased succinic acid firm BioAmber (Minneapolis) raised $80 million in an initial public offering—capital it will use toward construction of its first production asset set to...
http://www.chemweek.com/sections/business_finance/usa_americas/BioAmber-raises-$80-million-in-initial-public-offering_52106.html
May 21, 2013
Late-reporting specialty chemical companies mostly report solid earnings, since the US construction rebound lifted Valspar’s results and IFF benefitted from low raw materials...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-mostly-solid-on-steady-sales_52097.html
May 21, 2013
A fire at Formosa Plastics’ Point Comfort, TX, on 2 May injured 16 people and shut down the PE-1 high-density polyethylene (HDPE) unit, which produces Formolene...
http://www.chemweek.com/sections/business_finance/usa_americas/Formosa-Point-Comfort-fire-impacts-US-HDPE-supplies_52096.html
May 21, 2013
ACC has launched a new Responsible Care product safety code, requiring member companies to implement 11 management practices to evaluate and continuously improve product safety performance....
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-adds-product-safety-code-to-Responsible-Care_52080.html
May 21, 2013
A final resolution has been completed in the K-Dow arbitration between Dow Chemical and the Petrochemical Industries Company (PIC; Kuwait City, Kuwait), with Dow confirming on 7 May...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-awarded-final-$2-2-billion-payment-in-K-Dow-arbitration_52079.html
May 21, 2013
Praxair and Air Products have announced their support of the Helium Stewardship Act of 2013, which seeks to to reform and reauthorize private helium sales from the federal helium...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Products-Praxair-support-the-Helium-Stewardship-Act_52078.html
May 21, 2013
Oil field chemicals maker Flotek Industries has signed a definitive agreement to acquire Winter Haven, FL–based Florida Chemical, the world’s largest processor of citrus...
http://www.chemweek.com/sections/business_finance/usa_americas/Flotek-acquires-citrus-oils-company-for-$102-million_52053.html
May 3, 2013
Oil companies report mixed first-quarter earnings for their petrochemical businesses: gains for ExxonMobil and Phillips 66, but declines for Chevron, Occidental Petroleum, and BP...
http://www.chemweek.com/sections/business_finance/usa_americas/Oil-firms-report-mixed-first-quarter-chemical-results_51712.html
May 3, 2013
Vale (Rio de Janeiro) signed an agreement on 26 April with the Argentinean government and trade unions allowing the company to quit the Rio Colorado potash project in the province of...
http://www.chemweek.com/sections/business_finance/usa_americas/Vale-signs-agreement-to-exit-Argentina-potash-project_51731.html
May 3, 2013
KMG Chemicals has agreed to acquire OM Group’s high-purity electronic chemicals business in a $60-million deal, the company says. The ultrapure chemicals (UPC) business supplies...
http://www.chemweek.com/sections/business_finance/usa_americas/KMG-to-acquire-OM-Groups-high-purity-chemicals-business_51732.html
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