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May 31, 2013
Eastman announced on 29 May that it will invest $1.6 billion at its Kingsport, TN site over the next 7 years. The investment will focus on safety and environmental projects, increased...
http://www.chemweek.com/sections/business_finance/usa_americas/Eastman-announces-$1-6-billion-investment-at-Kingsport-TN-site_52411.html
May 31, 2013
The chemical industry is among the top 5 industries in terms of value creation, having generated nearly twice the total shareholder return (TSR) of an aggregated 21-industry average...
http://www.chemweek.com/sections/business_finance/usa_americas/BCG-Chemical-industry-leads-in-shareholder-return_52412.html
May 31, 2013
Jon Huntsman, executive chairman and founder of Huntsman Corp., recently liquidated almost 1 million shares of company stock to fund charitable donations...
http://www.chemweek.com/sections/business_finance/usa_americas/Jon-Huntsman-sells-nearly-1-million-shares-for-charity_52413.html
May 31, 2013
PQ says it will invest more than $120 million to expand catalyst production at its Kansas City, KS, site. The project will increase capacity for PQ’s wholly owned silica catalyst...
http://www.chemweek.com/sections/business_finance/usa_americas/PQ-to-invest-$120-million-to-boost-catalyst-production-at-Kansas-City_52414.html
May 31, 2013
Koch Nitrogen has announced plans to build an additional urea plant at its Enid, OK, facility. The company is also revamping production processes at the site’s two existing ammonia facilities....
http://www.chemweek.com/sections/business_finance/usa_americas/Koch-Nitrogen-to-construct-urea-plant-at-Enid-OK_52415.html
May 31, 2013
Monsanto increased its full-year earnings outlook for its fiscal year ending 31 August, citing growth in corn seeds and better-than-expected market conditions for glyphosate. The...
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-raises-2013-profit-outlook_52416.html
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
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