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May 23, 2014
Rejecting an appeal by the Sierra Club, EPA has finalized a greenhouse gas (GHG) Prevention of Significant Deterioration (PSD) construction permit allowing ExxonMobil Chemical to begin...
http://www.chemweek.com/sections/business_finance/usa_americas/EPA-issues-GHG-permits-to-ExxonMobil-Dow-cracker-projects_61253.html
May 23, 2014
The adoption of industrial biotechnology is accelerating as large-scale projects come online and biobased processes become a more important part of strategic plans at large chemical companies....
http://www.chemweek.com/sections/business_finance/usa_americas/BIO-2014-Industrial-biotech-continues-to-advance_61256.html
May 23, 2014
Airgas has signed a long-term agreement to build and operate an air separation unit (ASU) to supply tonnage oxygen and nitrogen via pipeline to Westlake’s expanded Calvert City...
http://www.chemweek.com/sections/business_finance/usa_americas/Airgas-to-build-air-separation-unit-for-Westlake-in-Kentucky_61270.html
May 23, 2014
Comex Mexico has filed suit against Sherwin-Williams (SW) over SW’s termination of the $2.34-billion merger agreement between the two companies, a Reuters report says. The...
http://www.chemweek.com/sections/business_finance/usa_americas/Comex-Mexico-files-suit-against-SW-over-deal-termination_61271.html
May 23, 2014
Asahi Kasei Chemicals (AKC) says it will build a plastics compounding plant at Athens, AL. The plant will be the second for plastics compounding for AKC’s North American plastics...
http://www.chemweek.com/sections/business_finance/usa_americas/Asahi-Kasei-to-build-plastics-compounding-plant-in-US_61273.html
May 23, 2014
Invista and gas-fermentation firm LanzaTech (Chicago) announced on 13 May that they have signed an R&D agreement focused on the development of gas-fermentation process technology...
http://www.chemweek.com/sections/business_finance/usa_americas/Invista-and-LanzaTech-sign-second-R-and-D-deal_61274.html
May 23, 2014
Suppliers of chemicals to the personal-care and cosmetics industries were mostly upbeat at this year’s Suppliers’ Day show, held 13–14 May at Edison, NJ. “People are optimistic,” says Kelly Gilroy, senior industry director/personal care and home care at Univar....
http://www.chemweek.com/sections/business_finance/usa_americas/Suppliers-Day-Upbeat-mood-for-personal-care-industry_61279.html
May 9, 2014
Specialty earnings were mixed, since most companies report rising revenues, but one-time charges and bad winter weather took a bite out of earnings. Ecolab and FMC have matched...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-mixed-despite-sales-increases_60931.html
May 9, 2014
North American commodity producers have posted first-quarter results that reflect the continued benefit of shale-advantaged feedstocks, somewhat muted by the harsh winter. “In...
http://www.chemweek.com/sections/business_finance/usa_americas/Commodity-earnings-buoyed-by-shale-advantaged-feeds_60933.html
May 9, 2014
Activist hedge fund Third Point, led by investor Daniel Loeb, has called on Dow Chemical to provide greater detail on its petrochemical operations, arguing that the segment is “underearning” by at least $2.5 billion/year....
http://www.chemweek.com/sections/business_finance/usa_americas/Third-Point-sharpens-criticism-of-Dows-petchem-strategy_60917.html
May 9, 2014
Nova Chemicals CEO Randy Woelfel has left the company after failing to reach agreement on a contract extension, a company official says. Nova has named CFO Todd Karran as acting CEO and has started the search for a permanent replacement. The search will include both internal and external candidates, Nova says....
http://www.chemweek.com/sections/business_finance/usa_americas/Nova-Chemicals-CEO-exits-after-failing-to-agree-on-contract_60918.html
May 9, 2014
Westlake Chemical has announced plans to carve out its ethylene assets into a tax-advantaged, separately traded master limited partnership (MLP), according to regulatory filings. The...
http://www.chemweek.com/sections/business_finance/usa_americas/Westlake-to-place-ethylene-assets-in-limited-partnership_60919.html
May 9, 2014
Dow Chemical said on 30 April that ethylene supply from its Plaquemine, LA, facility will be curtailed for three to four weeks, and benzene supply for more than five weeks. Two...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-Plaquemine-ethylene-supply-curtailed-for-34-weeks_60920.html
May 9, 2014
Invista and Solvay announced late in April that they have signed a settlement resolving disputes related to adiponitrile (ADN) intellectual property and technology used in Butachimie...
http://www.chemweek.com/sections/business_finance/usa_americas/Invista-and-Solvay-settle-ADN-joint-venture-dispute_60926.html
May 9, 2014
BASF is considering constructing a world-scale methane-to-propylene plant on the US Gulf Coast. BASF says it would be the sole owner of the plant, which would support the expansion of...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-mulls-methane-to-propylene-plant-on-US-Gulf_60927.html
May 9, 2014
BioAmber (Montreal) has signed its first take-or-pay contract for biosuccinic acid, the company says. The company will be the principal supplier of biobased succinic acid to PTT MCC...
http://www.chemweek.com/sections/business_finance/usa_americas/BioAmber-signs-contract-for-biobased-succinic-acid_60928.html
May 9, 2014
Lion Copolymer (Geismar, LA) has completed an engineering study for the addition of an ethylene propylene diene monomer (EPDM) production line at its facility at Geismar. The company...
http://www.chemweek.com/sections/business_finance/usa_americas/Lion-Copolymer-plans-new-EPDM-line-considers-share-of-cracker_60930.html
May 9, 2014
ACC has released a set of chemical hazard and risk-assessment principles designed to provide “obtainable, high-level benchmarks” to help federal programs produce more scientifically sound and timely chemical assessments....
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-announces-principles-to-guide-chemical-assessments_60932.html
May 1, 2014
New technologies; an integrated approach to crop management; and harmonized, science-based regulatory regimes are necessary to help the agricultural industry meet the daunting task of feeding the world’s fast-growing and increasingly middle-class population, according to James Blome, president and CEO of BayerCropscience....
http://www.chemweek.com/sections/business_finance/usa_americas/Emerging-issues-in-agriculture-can-be-met-with-innovation_60586.html
April 25, 2014
PotashCorp reports first-quarter net income of $340 million, down 38% year-on-year (YOY). Earnings were 40 cts/share, above analyst estimates of 35 cts/share, according to Thomson...
http://www.chemweek.com/sections/business_finance/usa_americas/PotashCorp-reports-earnings-drop-raises-full-year-guidance_60578.html
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