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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
January 18, 2013
Ghasemi: Targeting 20% earnings growth. Rockwood Holdings executives have laid out the company’s plans for meeting a 20%/year earnings growth target, including capacity...
http://www.chemweek.com/sections/business_finance/usa_americas/Rockwood-Holdings-CEO-outlines-growth-strategy_49089.html
January 18, 2013
The US National Toxicology Program (NTP), part of the National Academy of Sciences (NAS), has named provisional member of a peer review committee that will review NTP’s 2011 Report...
http://www.chemweek.com/sections/business_finance/usa_americas/US-NTP-selects-draft-panel-for-review-of-formaldehyde_49090.html
January 18, 2013
Trash Heap: Sources say innovative landfill project could alter the integrated biorefinery concept altogether. A novel municipal solid waste (MSW) recovery and recycling project...
http://www.chemweek.com/sections/business_finance/usa_americas/Integrated-biorefinery-based-on-garbage-planned-for-Ohio_49091.html
January 18, 2013
Canada Lithium (Toronto) says it has signed a three-year distribution agreement with Marubeni Corp., one of Japan’s largest commodities trading companies. Under the terms of the...
http://www.chemweek.com/sections/business_finance/usa_americas/Canada-Lithium-signs-offtake-agreement-with-Marubeni_49092.html
January 11, 2013
BASF is investing €30 million ($39 million) to raise its worldwide 1,6-hexanediol (HDO) capacity by 20%, to more than 50,000 m.t./year, by 2014. BASF makes HDO at Freeport, TX...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-investing-&euro30-million-lifting-HDO-capacity-20-percent_48902.html
January 11, 2013
Dow Chemical has restarted the Olefins 2 plant at its St. Charles Operations near Hahnville, LA, and the unit has been producing on-spec ethylene since 25 December. Dow estimates that...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-restarts-idled-ethylene-plant-at-St-Charles-LA_48883.html
January 11, 2013
Triunfo Triumph: Braskem started up the world’s first PE plant based on ethanol-derived ethylene in late 2010. Dow Chemical says it is postponing its Santa Vitória...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-postpones-project-for-green-polyethylene-in-Brazil_48884.html
January 11, 2013
BAKER: An agreement with justice officials is expected this year. Ecolab’s $2.2-billion acquisition of oil-field services firm Champion Technologies is now expected to close by...
http://www.chemweek.com/sections/business_finance/usa_americas/Extended-antitrust-review-delays-Ecolab-Champion-deal_48887.html
January 11, 2013
PPG Industries recently received a favorable private letter ruling from the US Internal Revenue Service (IRS) regarding how the planned merger of its commodity chemicals business into...
http://www.chemweek.com/sections/business_finance/usa_americas/IRS-approves-favorable-tax-treatment-for-PPG-spin-off_48888.html
January 11, 2013
EPA has released for public comment draft risk assessments for five chemicals used in household products—a move that represents a significant step in defining EPA’s approach to...
http://www.chemweek.com/sections/business_finance/usa_americas/EPA-seeks-public-input-on-draft-risk-assessments_48889.html
January 11, 2013
Profit squeeze: Most of the 500 jobs will be lost from Dow Corning’s professional ranks. Dow Corning says it will cut approximately 4% of of its workforce to better align its...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-Corning-cuts-500-jobs-from-professional-ranks_48890.html
January 11, 2013
Air Liquide has acquired Progressive Resources Inc. (PRI; Elk City, OK)—an oil field services company. PRI supplies liquid nitrogen, and cryogenic storage and distribution services...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Liquide-acquires-OK-oil-field-service-company_48891.html
January 11, 2013
American Capital (Bethesda, MD) has reached a deal to acquire Cambridge Major Laboratories (CML; Germantown, WI), a producer of pharmaceutical intermediates and active pharmaceutical...
http://www.chemweek.com/sections/business_finance/usa_americas/Private-equity-firm-acquires-Cambridge-Major-for-$212-million_48892.html
January 11, 2013
Braskem has sold a water treatment affiliate and a majority stake in a waste treatment firm to Odebrecht Environmental (São Paulo) for a combined 652 million reais ($318 million)...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-divests-water-treatment-units-to-Odebrecht-Environmental_48893.html
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