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November 9, 2012
Croda International (Snaith, UK) says it has agreed to sell its Italian business to an undisclosed private company, based in Italy, “for a consideration equivalent to the working...
http://www.chemweek.com/sections/news_briefs/Croda-divests_47599.html
November 9, 2012
BP’s petrochemicals business posted an underlying replacement cost loss before interest and taxes of $20 million in the third quarter of 2012, compared with a profit of $235 million...
http://www.chemweek.com/sections/news_briefs/BP-swings-to-loss_47600.html
October 26, 2012
PolyOne has agreed to acquire Spartech, the largest North American producer of plastic sheet, rigid barrier packaging, and specialty cast acrylics, for $393 million, including net...
http://www.chemweek.com/sections/news_briefs/PolyOne-to-acquire-Spartech-for-$393-million_47250.html
October 26, 2012
Dow Chemical says it plans to build a world-scale plant for the production of metallocene-based ethylene propylene diene monomer (EPDM) at one of its US Gulf Coast sites. The plant...
http://www.chemweek.com/sections/news_briefs/Dow-to-build-EPDM-plant-on-US-Gulf-Coast_47251.html
October 26, 2012
Lonza says it is discussions on a possible sale of its performance urethanes business, acquired as part of its October 2011 purchase of biocides maker Arch Chemicals. Production...
http://www.chemweek.com/sections/news_briefs/Lonza-may-sell-performance-urethanes-business_47252.html
October 26, 2012
Emery Oleochemicals (Shah Alam, Malaysia) has announced a $50-million investment at its Cincinnati, OH, manufacturing site. The company will build a plant to produce high-performance...
http://www.chemweek.com/sections/news_briefs/Emery-Oleochemicals-to-build-biobased-polyols-plant_47253.html
October 26, 2012
Clariant says it will expand the production capacity for Houdry dehydrogenation catalysts at its Louisville, KY, site. The expansion will involve a double-digit million Swiss franc...
http://www.chemweek.com/sections/news_briefs/Clariant-expands-dehydrogenation-catalysts_47254.html
October 26, 2012
Evonik Industries announced that it is investing €200 million ($258.6 million) in the “attractive growth markets of Brazil and Argentina,” with 3 new plants planned in those...
http://www.chemweek.com/sections/news_briefs/Evonik-ups-investment_47255.html
October 26, 2012
Brenntag says it has signed a preliminary agreement to acquire specialty chemicals distributor Delanta Group (Buenos Aires), for $14.4 million. Delanta—which distributes specialty...
http://www.chemweek.com/sections/news_briefs/Brenntag-acquisition_47256.html
October 26, 2012
Biobased fuels and chemicals firm Aemetis (Cupertino, CA) says it has expanded its licensing agreement Chevron Lummus Global (CLG) for renewable jet fuel and diesel process technology...
http://www.chemweek.com/sections/news_briefs/Aemetis-Chevron-deal_47257.html
October 26, 2012
Dudley: BP to be a long-term investor in Rosneft. State-owned oil company Rosneft (Moscow) has agreed with Alfa Access Renova (AAR; Moscow) to acquire AAR’s 50% interest in oil...
http://www.chemweek.com/sections/news_briefs/Rosneft-to-buy-TNK-BP-for-$54-8-billion-the-third-largest-oil-deal-in-history_47258.html
October 26, 2012
Sabic posted a 23% decline in third-quarter net income compared with the year-earlier quarter, to 6.31 billion Saudi riyals ($1.68 billion), citing lower product prices. However, net...
http://www.chemweek.com/sections/news_briefs/Sabic-reports-lower-third-quarter-net-income_47259.html
October 26, 2012
Ineos says that, “based on unaudited management information,” the company’s Ebitda increased 16% in the third quarter of 2012, to €432 million ($563 million)...
http://www.chemweek.com/sections/news_briefs/North-American-business-drives-Ineos-Ebitda-hike_47260.html
October 26, 2012
Dynea Chemicals (Helsinki), a leading supplier of adhesives and surface solutions, has agreed to sell its Asian division, Dynea Asia/Pacific, to AICA Kogyo (Aichi, Japan), a leading...
http://www.chemweek.com/sections/news_briefs/Dynea-divests-Asia-unit_47261.html
October 26, 2012
Mitsui & Co. says it has canceled a basic agreement with Sumitomo Corp. for the integration of the companies’ fertilizer businesses in Japan. Mitsui & Co. and Sumitomo...
http://www.chemweek.com/sections/news_briefs/Fertilizer-plan-scrapped_47262.html
October 26, 2012
Kemira will close or divest seven sites as part of the company’s previously announced Fit for Growth restructuring program. “It has been decided to close or sell 7 sites by...
http://www.chemweek.com/sections/news_briefs/Kemira-to-exit-sites_47287.html
October 12, 2012
Seven Sun Chemical employees were taken to a local hospital after an explosion at the company’s US ink plant at East Rutherford, NJ, last Tuesday, the company says. Five of the seven...
http://www.chemweek.com/sections/news_briefs/Seven-employees-hospitalized-in-accident-at-Sun-Chemical-inks-plant-in-New-Jersey_46920.html
October 12, 2012
Lummus Technology, a unit of CB&I, has been awarded contracts by Occidental Chemical (OxyChem) for the technology license, basic engineering, and front-end engineering and design...
http://www.chemweek.com/sections/news_briefs/Lummus-awarded-ethylene-plant-contract-by-OxyChem_46921.html
October 12, 2012
Momentive Performance Materials, the former GE silicones operations now owned by private equity firm Apollo Management, says it plans to issue $1.1 billion in 8-year senior secured...
http://www.chemweek.com/sections/news_briefs/Momentive-plans-bond-sale-sees-weak-third-quarter_46922.html
October 12, 2012
Brisimitzakis: Compass CEO to retire at year end after seven years at helm. Compass Minerals says that president and CEO Angelo Brisimitzakis will retire from the company at year-end...
http://www.chemweek.com/sections/news_briefs/Compass-Minerals-CEO-to-retire-at-end-of-the-year_46923.html
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