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November 9, 2012
ExxonMobil Chemical reported chemical earnings of $790 million, down 21% from the year-ago quarter, because of lower product margins. Lower margins decreased earnings by $150 million...
November 9, 2012
Apollo Management plans to sell 20 million shares of LyondellBasell in a public offering. The sale was expected to close on 7 November. Apollo currently owns 153.7 million shares in...
November 9, 2012
DSM has reached agreement to acquire Cargill’s cultures and enzymes business for €85 million ($110 million) in cash. DSM announced last September that it was in exclusive...
November 9, 2012
The first half of this year saw a large increase in debt financing by chemical companies, doubling to $11.6 billion from the first half of 2011, according to data compiled by Young...
November 9, 2012
Recent commodity and diversified results were characterized by declining earnings and apprehension about the fourth-quarter operating environment. Sales figures showed either declines...
November 9, 2012
Fertilizer companies—including Agrium, CF Industries, Yara International, Intrepid Potash, and Rentech Nitrogen—reported mixed results for the third quarter, with some seeing...
October 26, 2012
Brazil’s largest soybean-growing state has ruled that Monsanto must suspend royalty collections on its first-generation Roundup Ready (RR1) soybean technology until the question...
October 26, 2012
Shares of US ethylene producers rallied earlier this month after the release of an IRS ruling that permits olefins production to operate within tax-advantaged, publicly traded...
October 26, 2012
ACC has launched the Rare Earths Technology Alliance (RETA), a group to advocate for “the development of a healthy and competitive global market for rare earth elements,”...
October 26, 2012
Third-quarter earnings at diversified chemicals firms were sharply lower as macroeconomic conditions continued to deteroriate. Solar markets and titanium dioxide (TiO₂) were notably...
October 26, 2012
Dow Chemical and DuPont announced separate plans to deepen restructuring efforts. Dow says it will eliminate approximately 2,400 positions, or 5% of its global workforce, citing...
October 26, 2012
P otashCorp reported a drop in third quarter earnings—down 22% to $645 million, or 75 cts/share. Reported adjusted earnings per share of 74 cts/share were lower than analyst...
October 26, 2012
The US Department of Justice says a grand jury has indicted South Korea’s Kolon Industries and five of its executives for criminal trade secrets theft. At issue is the alleged theft...
October 26, 2012
Specialty chemical companies beat lowered analysts’ expectations for the most part despite what most producers characterized as a difficult and uncertain economy. Volumes were...
October 26, 2012
Panetta: Awareness is growing, but is still low. US Secretary of Defense Leon Panetta says that the United States is increasingly vulnerable to coordinated cyber attacks that could...
October 26, 2012
Baker: Refining portfolio to focus on core businesses. Ecolab has agreed to acquire oilfield chemicals firm Champion Technologies (Houston), for $2.2 billion. Champion has about 3,300...
October 16, 2012
Ferro says it is considering the sale of its solar pastes business, as the company cut guidance because of weakness in that sector. The sale is an effort to eliminate the...
October 12, 2012
The Nobel Prize in Chemistry for 2012 has been awarded to Robert Lefkowitz and Brian Kobilka for their studies of G-protein-coupled receptors. Their research revealed the inner...
October 12, 2012
The US Department of Commerce has set final tariffs of about 18–250% for solar photovoltaic cells imported from China, a decision that drew sharp criticism from Chinese...
October 12, 2012
Cytec says is selling its coating resins business to private equity firm Advent International (New York) for $1.15 billion. The business generated revenue of $1.6 billion in 2011. The...
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