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August 23, 2013
BHP Billiton (Melbourne) says it is going ahead with a $2.6-billion investment to finish the excavation and lining of production and service shafts at the company’s previously announced Jansen potash project, in Canada, and to continue installing essential surface infrastructure and utilities....
http://www.chemweek.com/sections/business_finance/usa_americas/BHP-commits-$2-6-billion-to-Canada-potash-project_54686.html
August 23, 2013
Helium supplies face an abrupt drop in October unless Congress passes legislation to continue operating the US Federal Helium Reserve (Amarillo, TX). The reserve, operated by the...
http://www.chemweek.com/sections/business_finance/usa_americas/Concerns-mount-as-helium-reserve-closure-approaches_54658.html
August 23, 2013
Clariant and Ashland are planning to sell their 50-50 foundry chemicals joint venture, ASK Chemicals, according to a Reuters report. The business, which is operated by Clariant...
http://www.chemweek.com/sections/business_finance/usa_americas/Report-Clariant-Ashland-to-sell-foundry-chemicals-JV_54679.html
August 23, 2013
Late-reporting specialty chemical companies mostly posted losses, since weak results in epoxies and quartz hurt Momentive’s results and one-time charges hit Taminco...
http://www.chemweek.com/sections/business_finance/usa_americas/Momentive-Valspar-Taminco-report-mixed-results_54680.html
August 23, 2013
Resistance by German automaker Daimler to a hydrofluorocarbon (HFC) replacement developed by DuPont for refrigerant applications makes placing a valuation on DuPont’s fluorochemicals business challenging, says Ray Will, a director with IHS Chemical’s consulting practice....
http://www.chemweek.com/sections/business_finance/usa_americas/Daimler-spat-could-complicate-DuPont-fluorochemical-valuation_54681.html
August 23, 2013
Petrobras says that its board, on 16 August, approved plans to sell $2.1 billion worth of assets, including Petroquímica Innova (Innova) to plastic packaging and styrene...
http://www.chemweek.com/sections/business_finance/usa_americas/Petrobras-sells-Innova-and-other-assets-for-$2-1-billion_54682.html
August 23, 2013
The majority of North American fertilizer firms experienced a slump in earnings and sales in the second quarter as prices dropped across the board. Also, cool and wet winter weather...
http://www.chemweek.com/sections/business_finance/usa_americas/Cool-spring-and-low-prices-impact-fertilizer-companies-earnings-sales_54684.html
August 23, 2013
Renewable chemicals firm Amyris (Emeryville, CA) announced 8 August that it had entered into agreement with Singapore state investment firm Temasek for the sale of convertible notes in...
http://www.chemweek.com/sections/business_finance/usa_americas/Amyris-Temasek-sign-funding-deal-worth-up-to-$60-million_54685.html
August 23, 2013
Federal and state environmental authorities have granted Chevron Phillips Chemical (CPChem) permission to proceed with the construction of an ethane cracker and two polyethylene (PE)...
http://www.chemweek.com/sections/business_finance/usa_americas/CPChem-gains-permits-to-build-cracker-and-PE-units-in-Texas_54690.html
August 23, 2013
ACC has launched an ad campaign commending several senators and representatives for their work in supporting economic growth and job creation, the group says. The ads focus on Senators...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-launches-ad-campaign-for-Congressional-supporters_54697.html
August 9, 2013
Ashland’s water treatment business is likely to attract interest from private equity firms and possibly energy companies, financial sources say. Ashland announced it is...
http://www.chemweek.com/sections/business_finance/usa_americas/Ashland-water-business-likely-to-attract-private-equity-interest_54366.html
August 9, 2013
W.R. Grace plans to close its 35,000-m.t./year silica sol based fluidized catalytic cracking (FCC) catalyst manufacturing operation at Lake Charles, LA during the third quarter. Grace...
http://www.chemweek.com/sections/business_finance/usa_americas/W-R-Grace-to-exit-silica-sol-FCC-catalyst-production_54367.html
August 9, 2013
President Obama has signed an executive order to improve the safety and security of chemical facilities and reduce the risks of hazardous chemicals....
http://www.chemweek.com/sections/business_finance/usa_americas/President-Obama-orders-review-of-chemical-safety_54368.html
August 9, 2013
BASF says it is exiting the manufacture of membrane electrode assemblies (MEAs) for fuel cells and will focus its fuel cell business on catalysts and adsorbents. The exit of the MEA...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-restructures-fuel-cell-unit-and-closes-NJ-facility_54369.html
August 9, 2013
Altana (Wesel, Germany) says it has agreed to acquire the rheology additives, or clay-based additives, business of Rockwood Holdings, for $635 million. The clay-based additives...
http://www.chemweek.com/sections/business_finance/usa_americas/Rockwood-to-sell-rheology-additives-business-to-Altana-for-$635-million_54370.html
August 9, 2013
Specialty earnings were mixed: Ecolab and FMC report year-on-year (YOY) increases due to strength in the energy and agricultural end markets, respectively, while Rockwood was hit by...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-mixed-on-varying-market-demand_54371.html
August 9, 2013
Senator Barbara Boxer (D., CA), chair of the Senate Committee on Environment and Public Works (EPW), has stated opposition to the state preemption provisions in the Chemical Safety...
http://www.chemweek.com/sections/business_finance/usa_americas/Senator-Boxer-criticizes-bipartisan-TSCA-reform-bill_54385.html
August 9, 2013
Pershing Square Capital Management (New York), a $10-billion hedge fund run by activist investor Bill Ackman, has acquired a 9.8% stake in Air Products valued at more than $2 billion, according to regulatory filings disclosed on 31 July. The firm, which often takes an active role at investments, says in the filing that Air Products “is undervalued and is an attractive investment.”...
http://www.chemweek.com/sections/business_finance/usa_americas/Activist-hedge-fund-takes-9-8-percent-stake-in-Air-Products_54386.html
August 9, 2013
In a complaint filed with the Texas Railroad Commission (TRRC) on 29 July, Eastman Chemical accuses Westlake of making a “discriminatory, unlawful, unreasonable, and...
http://www.chemweek.com/sections/business_finance/usa_americas/Eastman-Westlake-fight-over-Longview-ethylene-pipeline_54387.html
August 9, 2013
Williams announced on 31 July that it plans to restart its damaged Geismar, LA, olefins plant in April 2014. The plant has been off-line since an explosion on 13 June that killed two...
http://www.chemweek.com/sections/business_finance/usa_americas/Williams-expects-Geismar-cracker-will-restart-in-April-2014_54388.html
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