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February 20, 2015
The immediate effect of declining crude oil prices on the petrochemical market has been destocking and a pause in investment, but in the longer term demand will surge past earlier...
http://www.chemweek.com/sections/business_finance/usa_americas/Petchems-to-surge-tighten-after-near-term-weakness-on-oil_67952.html
February 20, 2015
Quinpario Acquisition 2, the new blank-check fund formed by former Solutia CEO Jeffry Quinn, is eyeing Arsenal Capital’s Royal Adhesives & Sealants (South Bend, IN), in a...
http://www.chemweek.com/sections/business_finance/usa_americas/Report-Firm-eyeing-Royal-Adhesives_67953.html
February 20, 2015
The United Steelworkers (USW; Pittsburgh) union and Royal Dutch Shell restarted negotiations 18 February regarding a new three-year labor contract agreement. USW is still seeking...
http://www.chemweek.com/sections/business_finance/usa_americas/Strike-continues-as-USW-extends-action-to-two-BP-refinery-sites_67954.html
February 20, 2015
Recent commodity earnings reports reflect a difficult fourth quarter, but the companies present an optimistic outlook for 2015. Huntsman swung to a loss on lower earnings from the...
http://www.chemweek.com/sections/business_finance/usa_americas/Commodity-firms-still-optimistic-despite-difficult-fourth-quarter_67950.html
February 20, 2015
Yara International and BASF have given final approvals to build a previously announced; 750,000-m.t./year ammonia plant at BASF’s site at Freeport, TX. The companies first announced plans for the project in October 2013. The plant is expected to be completed by the end of 2017. Total capital investment for the plant is estimated at $600.0 million....
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-Yara-confirm-ammonia-plans-Praxair-to-supply-H2_67959.html
February 20, 2015
Air Liquide intends to build a $170.0-million air separation unit (ASU) that will supply Shandong Yuhuang Chemical’s (Heze City, China) planned, world-scale methanol project in St...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Liquide-plans-$170-million-ASU-for-methanol-project_67960.html
February 20, 2015
Fourth-quarter results for fertilizer producers Mosaic and CF Industries fell at opposite ends of the spectrum, but both are anticipating strong demand during the spring planting...
http://www.chemweek.com/sections/business_finance/usa_americas/Mosaic-fourth-quarter-profits-more-than-double-CF-results-slip_67961.html
February 6, 2015
Sensient Technologies (Milwaukee) has announced adjusted operating income of $48.0 million in fourth-quarter 2014 compared with $44.6 million for the year-ago period, an increase of...
http://www.chemweek.com/sections/business_finance/usa_americas/Sensient-Technologies-reports-increases-in-operating-income_67605.html
February 6, 2015
Chase Corp. (Bridgewater, MA) has acquired Henkel’s thermoplastic microspheres business and exclusive distribution rights and intellectual property related to Henkel’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Chase-Corp-acquires-two-Henkel-product-lines_67585.html
February 6, 2015
The chemical businesses of oil companies had a good quarter, helping offset the effect of falling oil prices on upstream results. ExxonMobil, Occidental Petroleum, and Phillips 66 all...
http://www.chemweek.com/sections/business_finance/usa_americas/Oil-companies-offset-upstream-weakness-with-chemical-gains_67583.html
February 6, 2015
Specialty chemical makers for the most part beat estimates in the fourth quarter, although profit growth was spotty (table). Some companies are forecasting growth in 2015, while others...
http://www.chemweek.com/sections/business_finance/usa_americas/Fourth-quarter-results-mixed-for-specialties-makers_67584.html
February 6, 2015
Regulatory issues, most prominently reform of the Toxic Substances Control Act (TSCA) and trade barriers, were key topics of discussion at Informex 2015, held 3–5 February in New Orleans....
http://www.chemweek.com/sections/business_finance/usa_americas/Informex-2015-Regulatory-challenges-persist_67586.html
February 6, 2015
The United Steelworkers (USW) say that they resumed discussions with Shell on 5 February regarding a new three-year labor agreement. The USW told workers on 1 February to strike at...
http://www.chemweek.com/sections/business_finance/usa_americas/USW-strikes-nine-US-refineries-chemical-plants_67587.html
February 6, 2015
FMC says it has acquired all global rights to a novel, proprietary herbicide from Kumiai Chemical Industry (Tokyo) and Ihara Chemical Industry (Tokyo). FMC says the herbicide is highly...
http://www.chemweek.com/sections/business_finance/usa_americas/FMC-acquires-rights-to-novel-herbicide-from-Kumiai-Ihara_67588.html
February 6, 2015
SC Johnson chairman and CEO Fisk Johnson says industry must take steps to rebuild public trust while “standing up for chemistry, for scientific truth, and for the health and wellness of consumers and the planet.”...
http://www.chemweek.com/sections/business_finance/usa_americas/SC-Johnson-CEO-says-industry-must-rebuild-consumer-trust_67589.html
February 6, 2015
Methanex (Vancouver) has successfully produced methanol in a 1.0-million m.t./year plant relocated from Punta Arenas, Chile; to Geismar, LA. “We expect the plant to ramp up to full...
http://www.chemweek.com/sections/business_finance/usa_americas/Methanex-brings-first-relocated-Geismar-methanol-plant-online_67590.html
February 6, 2015
BASF has decided to exit a biobased acrylic acid partnership with Novozymes and Cargill, Novozymes announced on 27 January. “BASF had decided to end the collaboration with...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-exits-biobased-acrylic-acid-collaboration_67591.html
February 6, 2015
Williams Partners (Tulsa, OK) says it expects to begin manufacturing ethylene at its expanded Geismar, LA, plant for sale in February. The company had originally planned to start the...
http://www.chemweek.com/sections/business_finance/usa_americas/Williams-restarting-Geismar-ethylene-unit-after-several-delays_67592.html
February 6, 2015
Penford shareholders have approved a plan for the food and industrial starch maker to be acquired by Ingredion (Westchester, IL) for $340.0 million. Ingredion will acquire all...
http://www.chemweek.com/sections/business_finance/usa_americas/Penford-shareholders-okay-merger-with-Ingredion_67593.html
February 2, 2015
The industry, research, and energy committee (ITRE) of the European Parliament has made a number of recommendations to the European Commission on the negotiations with the United...
http://www.chemweek.com/sections/business_finance/usa_americas/European-parliamentary-committee-makes-recommendations-to-the-European-Commission-on-TTIP_67406.html
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