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August 9, 2013
ExxonMobil reports second-quarter chemical segment earnings of $756 million, a decline of 48%, or $693 million, from the year-ago quarter due mainly to the impact of the sale of...
http://www.chemweek.com/sections/news_briefs/ExxonMobil-chemical-OxyChem-earnings-fall_54358.html
August 9, 2013
DuPont’s Pioneer Hi-Bred business has closed the acquisition of a majority stake at Greytown, South Africa, Africa’s largest seed firm. The closing comes nearly three years after...
http://www.chemweek.com/sections/news_briefs/DuPont-acquires-Pannar_54359.html
August 9, 2013
Dow Chemical announced that Bill Banholzer, CTO and executive v.p. whose tenure saw the value of Dow’s innovation pipeline triple, to $32 billion, has retired. A.N. Sreeram...
http://www.chemweek.com/sections/news_briefs/Dow-CTO-retires_54360.html
August 9, 2013
Methanex says it has made an initial $5-million investment in renewable methanol producer Carbon Recycling International (CRI; Reykjavík). CRI operates the world’s first renewable...
http://www.chemweek.com/sections/news_briefs/Methanex-investment_54361.html
August 9, 2013
Aurora Capital Group (Los Angeles) says that it has completed the previously announced sale of Adco Global (Lincolnshire, IL), a leading manufacturer of specialty adhesives, sealants...
http://www.chemweek.com/sections/news_briefs/Aurora-completes-sale_54362.html
August 9, 2013
Ineos has started commercial-scale production of cellulosic ethanol at its Indian River BioEnergy center joint venture, at Vero Beach, FL. Shipments from the plant, the first US facility to produce cellulosic ethanol at commercial scale, will start in August....
http://www.chemweek.com/sections/news_briefs/Ineos-begins-cellulosic-ethanol-production-at-Florida-plant_54363.html
August 9, 2013
Evonik Industries has completed a previously announced merger of its real estate interests with THS, a real estate company owned equally by Evonik and IG BCE (Hanover), the German...
http://www.chemweek.com/sections/news_briefs/Evonik-exits-real-estate_54381.html
August 9, 2013
Fonds stratégique de participation (FSP), a mutual fund created by four major French insurance companies—BNP Paribas Cardif, CNP Assurances, Crédit Agricole Assurances through its...
http://www.chemweek.com/sections/news_briefs/Fund-buys-into-Arkema_54382.html
August 9, 2013
Mitsui Chemicals has completed the previously announced acquisition of Heraeus Dental, the dental business of precious metals and technology company Heraeus (Hanau, Germany), for...
http://www.chemweek.com/sections/news_briefs/Mitsui-closes-deal_54383.html
August 9, 2013
AkzoNobel says it has received a binding offer from Sika (Baar, Switzerland) for the purchase of AkzoNobel’s building adhesives business, for €260 million ($348 million). The...
http://www.chemweek.com/sections/news_briefs/AkzoNobel-sells-building-adhesives-unit-to-Sika_54377.html
August 9, 2013
Versalis (Milan), an ENI (Rome) subsidiary, will close a 215,000-m.t./year low-density polyethylene (LDPE) production unit at Gela, Italy, the company announced during its...
http://www.chemweek.com/sections/news_briefs/Versalis-to-close-LDPE-plant-at-Gela-Italy_54378.html
August 9, 2013
Belaruskali (Soligorsk, Belarus) has signed an agreement with Qatar’s state-owned chemicals marketing and distribution company Muntajat (Doha) covering joint cooperation in potash fertilizer sales....
http://www.chemweek.com/sections/news_briefs/Belaruskali-signs-potash-deal-with-Muntajat_54379.html
August 9, 2013
Bayer has announced that it aims to commercialize the use of carbon dioxide (CO2) as a new raw material for plastics following a successful test phase. The company has started the...
http://www.chemweek.com/sections/news_briefs/Bayer-to-commercialize-CO2-based-plastics-process_54380.html
August 9, 2013
The Chemical Industries Association (CIA; London) has launched a strategy for the UK chemical industry that calls for the industry to grow 50% by 2030. A report on the strategy was...
http://www.chemweek.com/sections/news_briefs/UK-strategy-launch_54384.html
August 6, 2013
International Flavors and Fragrances (IFF) reported second-quarter net income of $102 million, up 15% from the year-ago quarter. Sales increased 5% year-on-year (YOY), to $758 million...
http://www.chemweek.com/sections/news_briefs/IFF-reports-15-percent-earnings-gain-but-lags-estimates_54255.html
July 29, 2013
The European Food Safety Authority (EFSA; Parma, Italy) says it has launched a public consultation on draft guidance regarding a methodology for pesticide degradation in soil or water...
http://www.chemweek.com/sections/news_briefs/EFSA-consults-on-pesticide-degradation-time_54009.html
July 26, 2013
Bain Capital (Boston) is planning a $1.6-billion initial public offering (IPO) of Styron, reports say. Bain purchased Styron from Dow Chemical last year, and Dow retains a 7.5% stake...
http://www.chemweek.com/sections/news_briefs/Bain-Planning-Styron-IPO_33377.html
July 26, 2013
Styron has appointed John Feenan as executive v.p. and CFO, effective January 16. He will also serve on Stryon’s executive leadership team. Feenan joins Styron from JMC Steel...
http://www.chemweek.com/sections/news_briefs/Styron-Appoints-CFO_40242.html
July 26, 2013
Ashland announced last week that it intends to sell its elastomers business and is “exploring options,” including a possible sale, for its water technologies business. The...
http://www.chemweek.com/sections/news_briefs/Ashland-to-sell-water-technologies-elastomers_53936.html
July 26, 2013
Dow announced in its earnings call on 25 July that it is evaluating strategic options for underperforming businesses, specifically epoxies, chlorine derivatives, and building and...
http://www.chemweek.com/sections/news_briefs/Dow-may-divest-epoxies-and-chlorine-derivatives_53935.html
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