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June 13, 2014
On 6 June, a federal intragency working group released its report to President Obama in response to his executive order on actions to improve chemical safety. The report addresses the...
http://www.chemweek.com/sections/business_finance/usa_americas/Federal-chemical-safety-working-group-updates-executive-order-status_61769.html
June 13, 2014
Praxair has started operations at its new 600-m.t./day air separation unit (ASU) at Memphis, TN. The plant will supply gaseous and liquid oxygen, nitrogen, and argon to customers in...
http://www.chemweek.com/sections/business_finance/usa_americas/Praxair-starts-Memphis-gases-plant_61770.html
June 13, 2014
PPG Industries has acquired Masterwork (Pittsburgh), a distributor of architectural paints in western Pennsylvania, Ohio, and New York. Masterwork owned and operated 13 stores, which...
http://www.chemweek.com/sections/business_finance/usa_americas/PPG-acquires-two-coatings-firms-in-the-US_61792.html
June 13, 2014
A Schulman has agreed to acquire Ferro’s specialty plastics business, a maker of engineered plastic compounds, colorants, and liquid coatings mostly for thermoset plastics, for $91 million....
http://www.chemweek.com/sections/business_finance/usa_americas/Schulman-to-acquire-Ferros-specialty-plastics-business_61793.html
June 5, 2014
BioAmber (Minneapolis) says it has elected Ellen Richstone and Henry "Pete" Linsert to its board of directors. Both will hold office until the 2017 annual meeting of...
http://www.chemweek.com/sections/business_finance/usa_americas/BioAmber-makes-appointments-to-board-of-directors_61587.html
June 2, 2014
The European Commission has outlined a possible approach to promote regulatory convergence and recognition in the chemical sector under the negotiations with the United States as part...
http://www.chemweek.com/sections/business_finance/usa_americas/European-Commission-outlines-position-for-chemicals-within-TTIP-negotiations_61451.html
May 30, 2014
Bolivian president Evo Morales has announced plans for a $1.8-billion petrochemical plant in the department of Tarija, in southern Bolivia. The area has the largest proven natural gas deposits in the country and the second largest in South America....
http://www.chemweek.com/sections/business_finance/usa_americas/Bolivia-plans-$1-8-billion-petrochemical-complex_61410.html
May 30, 2014
Flint Hills Resources, a subsidiary of Koch Industries, has reached a deal to acquire propylene maker PetroLogistics for $2.1 billion....
http://www.chemweek.com/sections/business_finance/usa_americas/Flint-Hills-Resources-to-acquire-PetroLogistics-for-$2-1-billion_61407.html
May 30, 2014
Styron is restructuring its North American polycarbonate (PC) business. The company will stop sourcing PC from Dow Chemical’s Freeport, TX, plant by the end of the year, but the...
http://www.chemweek.com/sections/business_finance/usa_americas/Styron-restructures-North-America-polycarbonate_61415.html
May 30, 2014
ACC says its chemical activity barometer (CAB), during April, reached its highest peak since February 2008 and had its strongest year-on-year (YOY) gain since September 2010. Measured...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-barometer-at-highest-since-2008_61392.html
May 30, 2014
Momentive Performance Materials (MPM) has been granted access to the full $570-million debtor-in-possession (DIP) financing facility by the US Bankruptcy Court for the Southern...
http://www.chemweek.com/sections/business_finance/usa_americas/Momentive-Performance-gains-access-to-DIP-funds_61411.html
May 30, 2014
BASF is likely to use its own technology in a previously announced, world-scale methane-to-propylene plant using shale gas as feedstock it is planning to build on the US Gulf Coast by...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-likely-to-use-own-process-in-US-methanol-to-propylene-plant_61412.html
May 30, 2014
Airgas says that it is increasing the prices of several products and equipment, effective 1 July. Prices for bulk and packaged industrial, medical, and specialty gases will increase...
http://www.chemweek.com/sections/business_finance/usa_americas/Airgas-increases-prices_61413.html
May 30, 2014
The Department of Commerce (Commerce Department) plans to increase antidumping duties on imports of steam-activated carbon from China, according to preliminary results of the...
http://www.chemweek.com/sections/business_finance/usa_americas/US-announces-antidumping-orders-on-activated-carbon-from-China_61414.html
May 30, 2014
Renewable chemicals firm Amyris (Emeryville, CA) announced on 22 May that it proposes to offer $75 million aggregate principal amount of convertible senior notes due 2019, subject to market conditions and other factors....
http://www.chemweek.com/sections/business_finance/usa_americas/Amyris-to-offer-$75-million-convertible-senior-notes_61416.html
May 30, 2014
Biobased chemicals will be an unexpected beneficiary of the North American shale gas boom, as sugars, glycerin, and other plant-derived feedstocks emerge as economically competitive...
http://www.chemweek.com/sections/business_finance/usa_americas/Biobased-chemicals-getting-unexpected-boost-from-shale_61417.html
May 30, 2014
Mapei (Milan), a privately owned maker of products for the construction industry, has acquired General Resource Technology (GRT), a US-based producer of concrete admixtures. GRT says...
http://www.chemweek.com/sections/business_finance/usa_americas/Mapei-acquires-US-producer-of-concrete-admixtures_61418.html
May 23, 2014
The total value of M&A transactions in chemicals during the first quarter of 2014 stood at $8 billion, with 17 deals completed, according to data provided by investment bank Young & Partners (Y&P; New York)....
http://www.chemweek.com/sections/business_finance/usa_americas/Chemicals-M-and-A-market-steady-in-first-quarter_61272.html
May 23, 2014
DuPont CFO Nicholas Fanandakis said during an investor conference on 21 May that the company would consider a Reverse Morris Trust (RMT) transaction or outright sale of its performance chemicals business....
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-considering-alternatives-to-spin-off_61275.html
May 23, 2014
FMC has broken ground on a blending facility for natural colors at its Newark, DE, manufacturing site. The company produces natural colors at Santiago and Burton, UK; and houses...
http://www.chemweek.com/sections/business_finance/usa_americas/FMC-to-add-natural-colors-blending-facility-at-Delaware-site_61278.html
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