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January 25, 2013
Monsanto says it has reached a compromise with Brazilian farmers in a legal dispute that has disrupted royalty collections for the company’s first-generation Roundup Ready (RR1)...
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-reaches-deal-in-Brazil-soybean-royalties-dispute_49319.html
January 25, 2013
Corn Controversy: Dow expects a 'robust ramp-up' of its genetically engineered Enlist corn in 2014. Dow Chemical says the US launch of its Enlist corn variety—the first seed...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-delays-launching-herbicide-tolerant-corn-to-2014_49289.html
January 25, 2013
Blumenthal Holdings (Charlotte, NC) says it has acquired a majority stake in Terresolve Technologies (Mentor, OH), a manufacturer of biobased hydraulic and functional fluids and...
http://www.chemweek.com/sections/business_finance/usa_americas/Blumenthal-Holdings-acquires-majority-stake-in-Terresolve_49290.html
January 25, 2013
ACC’s January 2013 Chemical Activity Barometer (CAB) posted a 0.4% gain over December 2012 on a 3-month moving average basis. This is the sixth consecutive month-to-month gain in the...
http://www.chemweek.com/sections/business_finance/usa_americas/ACCs-CAB-up-for-sixth-consecutive-month-grows-3-percent-year-on-year_49291.html
January 25, 2013
Nova Chemicals announced it is restoring operations at its Moore, ON, low-density polyethylene (LDPE) facility to full capacity. The company temporarily closed the unit after an...
http://www.chemweek.com/sections/business_finance/usa_americas/Nova-restarts-Ontario-LDPE-facility_49301.html
January 25, 2013
Scaminace: Deal is a ‘major step’ for OM Group. OM Group said last week that it signed an agreement to sell its advanced materials business, a leading producer of inorganic...
http://www.chemweek.com/sections/business_finance/usa_americas/OM-Group-sells-cobalt-business-for-$435-million_49302.html
January 25, 2013
Reichhold (Research Triangle Park, NC) says it is closing its Newark, NJ manufacturing facility due to the damage caused by Hurricane Sandy in October 2012. The facility produced alkyd...
http://www.chemweek.com/sections/business_finance/usa_americas/Reichhold-to-shut-NJ-facility-due-to-Sandy-damage_49320.html
January 25, 2013
Specialty chemical companies reported mixed fourth-quarter earnings, as results varied depending on end market. Albemarle and Omnova recorded declines in prices, while 3M and H.B...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-results-mixed-most-firms-forecast-modest-growth_49321.html
January 25, 2013
Mexichem (Mexico City) says the board of the state oil company Petróleos Mexicanos (Pemex) has a approved a joint venture that will double vinyl chloride monomer (VCM) capacity at...
http://www.chemweek.com/sections/business_finance/usa_americas/Pemex-okays-Mexichem-VCM-jv_49323.html
January 25, 2013
Braskem has increased its stake in the Ethylene XXI project, from 65% to 75%, and Grupo Idesa has reduced its stake, from 35% to 25%, according to the Brazilian newspaper Valor...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-ups-Ethylene-XXI-stake_49324.html
January 25, 2013
Brazil’s economic development bank BNDES (Rio de Janeiro) is investing 600 million reais ($293 million) in biotechnology company GraalBio Investimentos. The funds will be used to...
http://www.chemweek.com/sections/business_finance/usa_americas/Brazils-development-bank-invests-$293-million-in-cellulosic-ethanol-firm_49325.html
January 25, 2013
Lautenberg: Thorough risk reviews are needed. Senator Frank Lautenberg (D., NJ) has introduced two bills that would require operators of the highest-risk chemical and water treatment...
http://www.chemweek.com/sections/business_finance/usa_americas/Lautenberg-plant-security-bills-would-require-IST_49326.html
January 18, 2013
Biomaterials and sustainable fuel company Edeniq (Visalia, CA) announced earleir this month that it has entered into an agreement with Pacific Ethanol to install Edeniq technology at...
http://www.chemweek.com/sections/business_finance/usa_americas/Edeniq-signs-ethanol-deal-with-Pacific-Ethanol_49055.html
January 18, 2013
Hemlock Semiconductor, a leading producer of polysilicon, has announced plans to cut approximately 400 employees from its 2 US manufacturing sites and reduce polysilicon production...
http://www.chemweek.com/sections/business_finance/usa_americas/Hemlock-Semiconductor-reports-layoffs-and-production-cuts_49056.html
January 18, 2013
Bioeconomy Breakthrough: Supercritical hydrolysis yields cheap sugar for biobased production. Renmatix (King of Prussia, PA), a cellulosic sugar start-up backed by Kleiner Perkins...
http://www.chemweek.com/sections/business_finance/usa_americas/Renmatix-commissions-King-of-Prussia-cellulosic-sugar-facility_49057.html
January 18, 2013
axiall: Georgia Gulf to fade away after PPG deal closes. Georgia Gulf (Atlanta) on 14 January announced preliminary financial results for 2012. The producer of chlorovinyls and...
http://www.chemweek.com/sections/business_finance/usa_americas/Georgia-Gulf-announces-revenue-estimate-new-name_49083.html
January 18, 2013
The US Department of Commerce (Commerce Department; Washington) says it has enacted preliminary antidumping tariff rates against Chinese and Austrian xanthan gum exporters, covering...
http://www.chemweek.com/sections/business_finance/usa_americas/US-proposes-tariffs-against-xanthan-gum-producers_49084.html
January 18, 2013
Westlake Chemical says it has begun work on the previously announced expansion of the Petro 2 ethylene unit at the company’s Lake Charles, LA, complex. The expansion work, which is...
http://www.chemweek.com/sections/business_finance/usa_americas/Westlake-commences-ethylene-expansion-at-Lake-Charles-LA_49085.html
January 18, 2013
M&G Group (Tortona, Italy) has signed a $1-billion engineering, procurement, and construction (EPC) contract with Sinopec Engineering Group (SEG) for the turnkey construction of a...
http://www.chemweek.com/sections/business_finance/usa_americas/M-and-G-hires-Sinopec-Engineering-to-manage-US-PTAPET-project_49087.html
January 18, 2013
Methanex says it expects to idle its operation located at Cabo Negro, Chile, in March 2013 because of anticipated insufficient natural gas supply. Methanex is currently operating one...
http://www.chemweek.com/sections/business_finance/usa_americas/Methanex-to-temporarily-shut-operations-in-Chile_49088.html
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