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May 9, 2014
TPC Group (Houston) says its board has approved funds to proceed with the engineering of a third production unit for highly reactive polyisobutylenes at Houston. The capacity will...
http://www.chemweek.com/sections/news_briefs/TPC-advances-PIB-unit_60942.html
May 9, 2014
Verdezyne (Carlsbad, CA) says it has negotiated key terms for an investment of $48 million, led by Malaysian multinational conglomerate Sime Darby Berhad. The funds will be used to...
http://www.chemweek.com/sections/news_briefs/Verdezyne-raises-funds_60943.html
May 9, 2014
Honeywell will expand production capacity at its Chesterfield, VA, facility to meet demand for high-grade nylon polymers for packaging film and other applications. The new production...
http://www.chemweek.com/sections/news_briefs/Honeywell-to-expand-nylon-capacity-in-Virginia_60936.html
May 9, 2014
BASF and Yara have selected BASF’s Freeport, TX, site to build their previously announced ammonia plant. The proposed plant will be designed to produce 750,000 m.t./year of ammonia...
http://www.chemweek.com/sections/news_briefs/BASF-Yara-select-Freeport-for-ammonia-JV_60937.html
May 9, 2014
LyondellBasell Industries has received a key permit required in the company’s ethylene expansion program, the company announced on 2 May. The investments are expected to provide an...
http://www.chemweek.com/sections/news_briefs/LyondellBasell-gets-permit-for-ethylene-expansion_60938.html
May 9, 2014
Northwest Innovation Works (NWIW) is preparing to lease a site at the Port of Tacoma, WA, for the construction of a third world-scale methanol plant in the region, according to local...
http://www.chemweek.com/sections/news_briefs/Reports-Chinese-firm-plans-third-methanol-plant_60939.html
May 9, 2014
Idemitsu Kosan and Mitsui & Co. have decided not to proceed with their proposed linear alpha olefins joint venture project in the United States. The companies announced last year...
http://www.chemweek.com/sections/news_briefs/Idemitsu-Kosan-Mitsui-and-Co-cancel-US-alpha-olefins_60940.html
May 9, 2014
Balchem says it has completed the acquisition of SensoryEffects, a maker of food ingredients, for $567 million. The deal was announced in early April. SensoryEffects will maintain its...
http://www.chemweek.com/sections/news_briefs/Balchem-closes-deal_60941.html
May 9, 2014
The European Commission has approved the proposed merger of the European chlorvinyls businesses of Ineos and Solvay, subject to the divestment by Ineos of suspension polyvinyl chloride (S-PVC) assets in France, Germany, and the Netherlands; ethylene dichloride (EDC) plants in Belgium and the United Kingdom; and vinyl chloride monomer (VCM) and chlor-alkali units in Belgium....
http://www.chemweek.com/sections/news_briefs/EU-okays-Ineos-Solvay-chlorvinyls-JV_60946.html
May 9, 2014
AstraZeneca’s board on 2 May rejected Pfizer’s improved £50/share ($60) takeover approach to AstraZeneca, which values AstraZeneca at £63 billion. “The financial and other...
http://www.chemweek.com/sections/news_briefs/AstraZeneca-rejects-Pfizers-sweetened-offer_60947.html
May 9, 2014
Brenntag has posted a 3% increase in profit after tax for the first quarter, to €72 million ($100 million), on sales down slightly, to €2.42 billion. Gross profit increased 1%...
http://www.chemweek.com/sections/news_briefs/Europe-North-America-boost-Brenntags-earnings_60948.html
May 9, 2014
Linde says that it has entered into an enterprise framework agreement (EFA) with Shell to build ethane cracking units for Shell worldwide. The EFA covers licensing, engineering...
http://www.chemweek.com/sections/news_briefs/Linde-Shell-deal_60949.html
May 9, 2014
Resources company BHP Billiton (Melbourne) says that its fledgling potash operations could become a pillar of the company’s business. BHP has issued a statement in response to...
http://www.chemweek.com/sections/news_briefs/BHP-eyes-potash_60950.html
May 9, 2014
Evonik Industries and automaker Daimler say they are restructuring their activities in the area of electric mobility. Daimler will acquire all of the shares held by Evonik in Li-Tec...
http://www.chemweek.com/sections/news_briefs/Evonik-quits-Li-ion-JVs_60951.html
May 8, 2014
Germany's energy-intensive industries association EID (Berlin) says it welcomes the decision by the German government to continue the cost relief regulation, part of the...
http://www.chemweek.com/sections/news_briefs/Energy-industries-association-welcomes-reform-of-renewable-energy-law-but-warns-on-high-energy-costs_60902.html
May 8, 2014
Petrochemical producer TVK (Tiszaújváros, Hungary) says sales in first-quarter 2014 were 8.54 billion Hungarian forint ($38.6 million), compared with Ft5.63 billion in...
http://www.chemweek.com/sections/news_briefs/TVK-first-quarter-sales-rise-by-3-percent-Ebitda-leaps-by-52-percent_60899.html
May 8, 2014
Paints and coatings company Tikkurila (Helsinki) says that its revenue for the first quarter of 2014 increased to €141.5 million ($196.8 million), compared with €138.4...
http://www.chemweek.com/sections/news_briefs/Tikkurila-sales-increase-by-2-2-percent-in-first-quarter-2014-Ebit-jumps-28-5-percent-YOY_60898.html
May 7, 2014
Emissions of carbon dioxide (CO2) from fossil fuel combustion by the 28 member states of the European Union decreased by 2.5% in in 2013 compared with those in 2012, according to...
http://www.chemweek.com/sections/news_briefs/EU-carbon-dioxide-emissions-fall-by-2-5-percent-in-2013-compared-with-2012_60862.html
May 7, 2014
Symrise (Holzminden, Germany) says it increased sales in the first quarter of 2014 of €470 million ($654 million) compared with €458 million in the year-ago quarter, or 2.6%...
http://www.chemweek.com/sections/news_briefs/Symrise-sales-up-2-6-percent-in-first-quarter-Ebitda-rises-by-9-0-percent_60854.html
May 7, 2014
Linde says it achieved sales of €4.05 billion ($5.63 billion) in first-quarter 2014, an increase of 1.5% versus the year-ago quarter, or 7.3% after adjusting for exchange rate...
http://www.chemweek.com/sections/news_briefs/Linde-operating-profit-falls-2-7-percent-on-slight-revenue-increase-confirms-2014-outlook_60848.html
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