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September 6, 2013
production of basic chemicals and plastics in the United States will increase at an average rate of 5%/year through 2020 to meet growing demand for cost-advantaged exports, according...
http://www.chemweek.com/sections/business_finance/usa_americas/IHS-Shale-to-boost-US-basic-chemicals-production-by-5-percentyear_54992.html
September 6, 2013
Trunkline LNG Export, a joint venture between Energy Transfer Equity and Energy Transfer Partners, has awarded the front-end engineering and design (FEED) contract to Technip for the...
http://www.chemweek.com/sections/business_finance/usa_americas/Technip-wins-FEED-contract-for-US-LNG-liquefaction-plant_54993.html
September 6, 2013
Arkema has decided to go ahead with plans to build production capacity for the low global warming potential (GWP) refrigerant gas hydrofluoroolefin (HFO)-1234yf, with an anticipated...
http://www.chemweek.com/sections/business_finance/usa_americas/Arkema-to-build-production-capacity-for-HFO-1234yf_54994.html
September 6, 2013
Arsenal Capital (New York) has acquired International Fiber Corp. (IFC; Tonawanda, NY), a leading supplier of cellulose-based insoluble fiber products for food and industrial applications. Prior to this acquisition, IFC was a company with Swander Pace Capital (Bedminster, NJ)....
http://www.chemweek.com/sections/business_finance/usa_americas/Arsenal-Capital-acquires-International-Fiber-Corp-_54995.html
September 6, 2013
BASF last week inaugurated its agricultural research center at Research Triangle Park, NC. The $33-million investment includes a climate-controlled greenhouse, laboratories for plant...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-opens-$33-million-ag-research-center_54996.html
September 6, 2013
IMCD Group (Rotterdam) has acquired a majority interest in Makeni Chemicals (São Paulo), a specialty chemical distributor in Brazil, IMCD has announced. Financial details of the...
http://www.chemweek.com/sections/business_finance/usa_americas/IMCD-acquires-control-of-Brazilian-specialty-chemical-distributor_54988.html
September 6, 2013
Dow Chemical has selected sites on the US Gulf Coast for four previously announced polymer production units, the company said on 27 August. Dow says it will install units for the...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-selects-sites-for-Gulf-Coast-polymer-units_54989.html
September 6, 2013
Huntsman has completed the acquisition of Oxid (Houston), a privately held maker of specialty urethane polyols. The deal was announced in early July. Huntsman says the purchase price is up to $75 million....
http://www.chemweek.com/sections/business_finance/usa_americas/Huntsman-completes-purchase-of-Oxid_54987.html
September 5, 2013
Gevo (Englewood, CO) has appointed Greg Roda as chief commercial officer. Roda will be responsible for all business development activities at Gevo, the company says. Roda was...
http://www.chemweek.com/sections/business_finance/usa_americas/Gevo-appoints-chief-commercial-officer_54945.html
August 28, 2013
Quinpario Acquisition (St. Louis), a special purpose acquisition company (SPAC) created by former Solutia executives for specialty chemical buyouts, has completed a $172.5-million initial public offering....
http://www.chemweek.com/sections/business_finance/usa_americas/Quinpario-raises-$172-5-million-for-specialty-acquisitions_54683.html
August 26, 2013
PPG Industries says it has appointed Kevin Braun as v.p./industrial coatings, Americas, effective immediately. Braun replaces Richard Zoulek, who has left the company, PPG says...
http://www.chemweek.com/sections/business_finance/usa_americas/PPG-names-v-p-industrial-coatings-Americas_54731.html
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
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