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March 29, 2013
Indorama Ventures’ (Bangkok) polymers subsidiary AlphaPet has confirmed the construction of a previously announced polyethylene terephthalate (PET) production unit in the United...
http://www.chemweek.com/sections/business_finance/usa_americas/Indorama-subsidiary-confirms-PET-project-at-BPs-Decatur-AL-site_50821.html
March 29, 2013
Williams has announced it will begin construction on a previously announced propane dehydrogenation (PDH) facility near Edmonton, AB. The PDH facility will be the first in Canada and...
http://www.chemweek.com/sections/business_finance/usa_americas/Williams-proceeds-with-PDH-facility-selects-UOP-technology_50822.html
March 29, 2013
North American chemical company high-yield bond offerings tend to come with weak covenants relative to other sectors, according to a report from Moody’s Investors Service (New York)...
http://www.chemweek.com/sections/business_finance/usa_americas/Moodys-Chemical-industry-bonds-offer-weak-credit-protection_50832.html
March 29, 2013
A. Schulman has retained Moelis & Company (New York), an investment bank, to advise on the company’s $6.50/share hostile bid for Ferro. The bid, which totals $855 million...
http://www.chemweek.com/sections/business_finance/usa_americas/Schulman-retains-investment-bank-to-advise-on-Ferro-bid_50833.html
March 29, 2013
Huntsman plans to invest $135 million at two of its methylene di-para-phenyl isocyanate (MDI) manufacturing facilities—specifically, increasing capacity at its Geismar, LA, site and upgrading its downstream specialties production capability at its Rotterdam site....
http://www.chemweek.com/sections/business_finance/usa_americas/Huntsman-invests-$135-million-in-MDI-expansion-upgrade_50834.html
March 29, 2013
Unconventional gas and oil development has kept the US economy afloat, according to Charles Drevna, president of American Fuel and Petrochemical Manufacturers (AFPM), and it could...
http://www.chemweek.com/sections/business_finance/usa_americas/AFPM-IPC-Shale-gas-carrying-US-economy-despite-politics_50853.html
March 29, 2013
Songwon Industrial (Ulsan, South Korea) says that its one pack systems (OPS) plastic additives joint venture at Houston will start up operations in mid-April. The plant is a jv among...
http://www.chemweek.com/sections/business_finance/usa_americas/Songwon-JV-to-start-Houston-additives-plant-in-mid-April_50854.html
March 19, 2013
The US House of Representatives subcommittee on environment and the economy on 14 March held an oversight hearing on the Chemical Facility Anti-Terrorism Standards (CFATS) with...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-Socma-House-testimony-highlights-CFATS-improvements_50550.html
March 19, 2013
Enterprise Products Partners (Houston) has announced plans to develop a 270-mile naural gas liquids (NGLs) pipeline on the US Gulf Coast to deliver ethane to petrochemical plants, the...
http://www.chemweek.com/sections/business_finance/usa_americas/Enterprise-to-develop-US-ethane-pipeline-expands-LPG_50549.html
March 19, 2013
Chemical makers that reported earnings last week posted results that were generally lower. Kronos was hit by weak titanium dioxide (TiO2) markets, while KMG Chemicals saw demand for...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemical-makers-continue-to-post-weak-earnings_50548.html
March 19, 2013
Calgon Carbon has agreed to nominate two new independent directors in an agreement with hedge fund Starboard Value (New York), ending Starboard’s attempt to nominate directors to the company’s board....
http://www.chemweek.com/sections/business_finance/usa_americas/Calgon-Carbon-to-expand-board-in-deal-with-hedge-fund_50547.html
March 19, 2013
Verde Potash (Toronto) says it has applied for a preliminary environmental permit for its Cerrado Verde potash project in Minas Gerais, Brazil. The project would help to meet growing...
http://www.chemweek.com/sections/business_finance/usa_americas/Verde-Potash-files-permit-for-potash-project-in-Brazil_50300.html
March 19, 2013
Sasol North America has selected Univation’s Unipol polyethylene (PE) technology for a 450,000-m.t./year plant to be built as part of a previously announced $5–7 billion...
http://www.chemweek.com/sections/business_finance/usa_americas/Sasol-picks-PE-route-for-Lake-Charles-eyes-other-products_50299.html
March 19, 2013
Bayer says that its Bayer CropScience subgroup has signed an agreement with wheat-breeding company Biotrigo Genética (Passo Fundo, Brazil) to expand the companies’...
http://www.chemweek.com/sections/business_finance/usa_americas/Bayer-CropScience-expands-partnership-with-Biotrigo_50298.html
March 19, 2013
Praxair completed its previously announced acquisition of beverage carbonation firm NuCO2 on 1 March for $1.1 billion from Aurora Capital Group (Los Angeles)....
http://www.chemweek.com/sections/business_finance/usa_americas/Praxair-completes-NuCO2-deal-Venezuela-charge-to-hurt-earnings_50297.html
March 19, 2013
DuPont’s Pioneer seed unit and Mendel Biotechnology (Hayward, CA) have entered into a license collaboration to evaluate and commercialize new gene leads for increased water-use efficiency and improved photosynthesis in corn, DuPont says....
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-signs-pact-with-Mendel-to-develop-water-efficient-corn-trait_50517.html
March 19, 2013
Vale informed the Argentinean government that it is suspending work on a potash project at Rio Colorado, Argentina, according to brief statement issued on 11 March. Vale says that the...
http://www.chemweek.com/sections/business_finance/usa_americas/Soaring-costs-cause-Vale-to-halt-Argentinean-potash-project_50516.html
March 19, 2013
Monsanto has terminated a decade-long exclusive distribution agreement with Nufarm Agrochemical (Melbourne) for Roundup-brand glyphosate in Australia and New Zealand and appointed...
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-terminates-glyphosate-supply-deal-with-Nufarm_50519.html
March 19, 2013
Cost-cutting helped biobased isobutanol producer Gevo (Englewood, CO) narrow its fourth-quarter loss and beat analysts’ estimates despite a production setback at its first...
http://www.chemweek.com/sections/business_finance/usa_americas/Gevo-narrows-loss-Luverne-plant-to-resume-operations_50518.html
March 8, 2013
BASF says that Fred Münstermann, current president of regional functions and CFO of the North American operations of BASF, will succeed Hartwig Michels as president of BASF’s global procurement competence center at Ludwigshafen, effective 1 August....
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-announces-new-North-American-CFO_50295.html
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