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October 11, 2013
Lanxess has acquired the French subsidiary of the insolvent Thermphos (Vlissingen, Netherlands). The deal covers the production assets and customer list of Thermphos’s site at...
http://www.chemweek.com/sections/news_briefs/Lanxess-buys-in-France_55876.html
October 11, 2013
Black Diamond Capital Management (Greenwich, CT) has acquired TFL (Weil am Rhein, Germany), a producer of specialty chemicals for the leather industry. Financial details have not been...
http://www.chemweek.com/sections/news_briefs/Leather-chemicals-deal_55877.html
October 4, 2013
The Helium Stewardship Act of 2013 has been passed by both the US Senate and House of Representatives—preventing the pending shutdown of the Federal Helium Reserve, which would have...
http://www.chemweek.com/sections/news_briefs/Helium-Act-passed_55655.html
October 4, 2013
Bashneft (Moscow) says it has sold its 98% stake in United Petrochemical Co. (UPC; Moscow) to JSFC Sistema (Moscow). The transaction forms part of Bashneft’s asset divestment...
http://www.chemweek.com/sections/news_briefs/Russian-petchem-deals_55663.html
October 4, 2013
Chevron Phillips Chemical’s (CPChem; The Woodlands, TX) board has approved the company’s US Gulf Coast petrochemicals project....
http://www.chemweek.com/sections/news_briefs/CPChem-board-greenlights-Texas-petchems-project_55650.html
October 4, 2013
Shell has selected Ascension Parish, LA, as the location for a possible gas-to-liquids (GTL) facility, Louisiana governor Bobby Jindal announced on 24 September. If built, the facility...
http://www.chemweek.com/sections/news_briefs/Shell-selects-Louisiana-site-for-$12-5-billion-GTL-facility_55651.html
October 4, 2013
Eastman Chemical will invest $40 million over the next three years to expand window film production capacity at its Henry County, VA, plant, according to a press release issued by the...
http://www.chemweek.com/sections/news_briefs/Eastman-investing-$40-million-in-VA-window-film_55652.html
October 4, 2013
Mitsubishi Chemical and industrial gases firm Taiyo Nippon Sanso Corp. (TNSC; Tokyo) have entered into a capital and business alliance. TNSC has, until now, supplied gases mainly to...
http://www.chemweek.com/sections/news_briefs/Mitsubishi-ChemicalTaiyo-Nippon-Sanso-form-alliance_55653.html
October 4, 2013
BASF announced that is commencing the previously announced tender offer for enzyme producer Verenium (San Diego) for $4/share. Based on all outstanding shares and including all net...
http://www.chemweek.com/sections/news_briefs/BASF-Verenium-offer_55654.html
October 4, 2013
EPA announced that it is finalizing a rule that will allow the agency to restrict imports of potentially harmful perfluorinated chemicals—which are known to persist in the...
http://www.chemweek.com/sections/news_briefs/EPA-issues-LCPFAC-rule_55656.html
October 4, 2013
Monsanto reports a wider-than-expected loss for its seasonally weak quarter and missed analyst forecasts as year-over-year (YOY) gains in corn seed and glyphosate sales were not enough...
http://www.chemweek.com/sections/news_briefs/Monsanto-misses-estimates-announces-$930-million-data-analytics-acquisition_55657.html
October 4, 2013
AkzoNobel says it plans to make its decorative coatings business more competitive by reducing the number of senior management teams and introducing a new operating model for the...
http://www.chemweek.com/sections/news_briefs/AkzoNobel-to-restructure-decorative-paints_55658.html
October 4, 2013
Huntsman says it plans to refocus its surfactants business in Europe. The company intends to move away from surfactant assets that have become commoditized and focus on developing its...
http://www.chemweek.com/sections/news_briefs/Huntsman-to-restructure-surfactants-in-Europe_55659.html
October 4, 2013
Sadara Chemical, a joint venture megaproject involving Dow Chemical and Saudi Aramco, is on budget and on schedule, with 90% of the engineering, 70% of the procurement, and 20–25% of the construction complete, says William Weideman, CFO of Dow. Weideman made the comments on 26 September during a conference call to update investors on the $19.4-billion project’s progress....
http://www.chemweek.com/sections/news_briefs/Dow-Sadara-megaproject-is-on-schedule-for-2015_55660.html
October 4, 2013
Henkel says it has opened the world’s largest adhesives plant, in the Shanghai Chemical Industry Park, at Caojing, China. Henkel began constructing the 428,000-m.t./year plant in...
http://www.chemweek.com/sections/news_briefs/Henkel-adhesives-start_55661.html
October 4, 2013
PTT Global Chemical (PTTGC; Bangkok) says it has dissolved two of its subsidiaries: Bangkok Polyethylene and PTT Polyethylene. Parent company PTT (Bangkok) informed the Stock Exchange...
http://www.chemweek.com/sections/news_briefs/PTT-restructures_55662.html
October 2, 2013
AkzoNobel says that it plans to make its decorative coatings business more competitive by reducing the number of senior management teams and introducing a new operating model for the...
http://www.chemweek.com/sections/news_briefs/AkzoNobel-to-restructure-its-decorative-paints-business_55573.html
October 1, 2013
Technip (Paris) and Shell Cansolv (Montreal) say that they have signed an agreement to leverage each company's expertise in marketing a solution for carbon capture and sequestration...
http://www.chemweek.com/sections/news_briefs/Technip-and-Shell-Cansolv-to-leverage-CO2-capture-technology_55530.html
October 1, 2013
Invista (Witchita, KS) and Ingenza (Edinburgh) say that they will collaborate in the development of new technology for biobased processes for manufacturing industrial chemicals. The...
http://www.chemweek.com/sections/news_briefs/Invista-and-Ingenza-to-collaborate-on-biobased-chemicals_55532.html
October 1, 2013
Huntsman says that is plans to refocus its surfactants business in Europe. The company plans to move away from various surfactants assets that have become commoditized and will focus...
http://www.chemweek.com/sections/news_briefs/Huntsman-to-reposition-surfactants-business-in-Europe-250-jobs-potentially-affected_55531.html
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