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September 26, 2014
Chemical industry M&A values and volumes remain solid, with activity expected to rise in the second half, according to Young and Partners (New York). The total value of chemical M&A transactions above $25 million during first-half of 2014 stands at $15 billion, with 37 deals completed, says Peter Young, Young & Partners president....
http://www.chemweek.com/sections/business_finance/usa_americas/Chemical-M-and-A-solid-in-first-half-expected-to-rise_64057.html
September 26, 2014
Air Products will reorganize around seven segments and sharpen its focus on its core industrial gas operations under a plan announced earlier this month by new chairman and CEO Seifi...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Products-realignment-sharpens-focus-on-gases_64059.html
September 26, 2014
The US Department of Agriculture (USDA) has approved Dow Chemical’s Enlist corn and soybean traits in the United States after “one of the most thorough reviews of a biotech...
http://www.chemweek.com/sections/business_finance/usa_americas/Dows-Enlist-trait-gains-approval_64060.html
September 26, 2014
Linde says that it will expand hydrogen supply to Husky Energy’s Lima, OH, refinery. Linde will build, own, and operate an additional steam methane reforming hydrogen unit for...
http://www.chemweek.com/sections/business_finance/usa_americas/Linde-to-expand-hydrogen-capacity-at-Ohio-refinery_64061.html
September 17, 2014
Solvay has reached a deal to acquire the polyphenylene sulfide (PPS) business of Chevron Phillips Chemical (CPChem) for $220 million. Solvay will acquire two Ryton PPS resin manufacturing units at Borger, TX; its pilot plant and PPS R&D assets at Bartlesville, OK; a compounding plant at Kallo-Beveren, Belgium; and certain intellectual property relating to the PPS business. CPChem’s compounding unit at La Porte, TX, will remain part of CPChem and will provide temporary tolling services to Solvay....
http://www.chemweek.com/sections/business_finance/usa_americas/Solvay-to-acquire-CPChems-PPS-assets-for-$220-million_63704.html
September 15, 2014
Great Lakes Dredge & Dock (Oak Brook, IL) has been awarded a contract worth over $30 million to widen the entrance and jetty channels of the Freeport Ship Channel, near Freeport...
http://www.chemweek.com/sections/business_finance/usa_americas/Dredging-firm-to-widen-Freeport-Ship-Channel_63705.html
September 15, 2014
Bayer CropScience (BCS), the world’s second-largest agricultural chemicals player, has outlined targets and given details of projects that it is working on....
http://www.chemweek.com/sections/business_finance/usa_americas/Bayer-CropScience-outlines-targets-bets-on-biologics_63706.html
September 15, 2014
Braskem has joined Michelin and biobased farnesene maker Amyris (Emeryville, CA) in their efforts to develop a low-cost process to produce isoprene from renewable raw materials, Amyris...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-joins-renewable-isoprene-collaboration_63737.html
September 15, 2014
POET-DSM Advanced Biofuels (Sioux Falls, SD), a joint venture between Royal DSM and POET, opened its world-scale cellulosic ethanol plant at Emmetsburg, IA, on 3 September. The...
http://www.chemweek.com/sections/business_finance/usa_americas/POET-DSM-commissions-cellulosic-ethanol-plant_63738.html
September 15, 2014
Coca-Cola is making an additional investment in the development and commercialization of Virent’s (Madison, WI) registered biobased para -xylene ( p -xylene), BioFormPX, Virent says...
http://www.chemweek.com/sections/business_finance/usa_americas/Coke-invests-in-Virents-p-xylene_63739.html
September 15, 2014
Electric vehicle maker Tesla Motors has chosen Nevada as the site of its planned $5-billion battery manufacturing facility....
http://www.chemweek.com/sections/business_finance/usa_americas/Tesla-Panasonic-pick-Nevada-for-$5-billion-battery-gigafactory_63740.html
September 15, 2014
Albemarle has completed the previously announced sale of its antioxidant, ibuprofen, and propofol businesses and related assets to SI Group (Schenectady, NY), Albemarle said 2...
http://www.chemweek.com/sections/business_finance/usa_americas/Albemarle-SI-Group-close-antioxidant-sale_63776.html
September 15, 2014
Bemis (Neenah, WI) announced last week that it has agreed to sell its pressure-sensitive materials business, Mactac, to private equity firm Platinum Equity (Beverly Hills, CA) for $170...
http://www.chemweek.com/sections/business_finance/usa_americas/Bemis-sells-pressure-sensitive-materials-business-to-private-equity-firm_63777.html
September 15, 2014
CHS (St. Paul), a farmer-owned cooperative, says that it will construct a nitrogen fertilizer manufacturing plant at Spiritwood, ND. The board has approved plans for the $3-billion...
http://www.chemweek.com/sections/business_finance/usa_americas/Farmer-co-op-to-build-$3-billion-North-Dakota-nitrogen-plant_63778.html
August 29, 2014
Cyanco Holding (Houston) has expanded the capacity of its sodium cyanide solution plant in Winnemucca, NV, by 17,000 m.t./year, bringing the plant’s capacity to 110,000 m.t./year and...
http://www.chemweek.com/sections/business_finance/usa_americas/Cyanco-completes-Nevada-cyanide-expansion_63492.html
August 29, 2014
Mexichem (Tlanelpantla, Mexico) has reached an agreement to acquire Dura-Line (Knoxville, TN) from private equity firm CHS Capital (Chicago) for $630 million in cash and assumed liabilities, Mexichem says...
http://www.chemweek.com/sections/business_finance/usa_americas/Mexichem-acquires-HDPE-pipe-producer-for-$630-million_63493.html
August 29, 2014
Materials technology and recycling group Umicore (Brussels) says it has agreed to acquire the business and assets of CP Chemicals at Wickliffe, OH. CP is a refiner and recycler of...
http://www.chemweek.com/sections/business_finance/usa_americas/Umicore-to-buy-CP-Chemicals-business-and-assets-in-Ohio_63494.html
August 29, 2014
Albemarle’s $6.2-billion acquisition of Rockwood Holdings was the result of an off-and-on two-year courtship, according to a joint registration statement filed 28 August by the two...
http://www.chemweek.com/sections/business_finance/usa_americas/Albemarle-Rockwood-courted-for-two-years_63520.html
August 29, 2014
Coatings maker Axalta has filed with the SEC for an initial public offering worth up to $100 million, according to regulatory filings. The filing, which consists of a preliminary...
http://www.chemweek.com/sections/business_finance/usa_americas/Carlyles-Axalta-files-for-$100-million-IPO_63521.html
August 29, 2014
Hedge fund Third Point reports holding a 22-million share stake in Dow Chemical, valued at $1.1 billion, according to its second-quarter report on US-traded equity holdings filed with...
http://www.chemweek.com/sections/business_finance/usa_americas/Third-Point-confirms-1-8-percent-Dow-holding-takes-stake-in-FMC_63522.html
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