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Displaying 21 - 32 of 611 stories.
April 7, 2016
ACC says the number of announced chemical capital projects in the United States tied to the shale gas revolution has reached 264. ACC estimates the total potential investment at $164 billion, of which 40% is completed or under way and 55% is in planning....
April 7, 2016
Axiall’s board of directors, on 4 April, turned down a second, $3.1-billion acquisition bid from Westlake Chemical. Westlake responded the same day by formally ending negotiations and asking Axiall shareholders to elect a new board selected by Westlake....
March 24, 2016
MEGlobal (Dubai) has chosen Dow Chemical’s Oyster Creek site at Freeport, TX, for the location of a world-scale ethylene glycol (EG) facility, which the company expects to bring...
March 24, 2016
Sherwin-Williams (SW) on 20 March announced plans to acquire Valspar for approximately $11.3 billion, including debt. At $113/share, the transaction represents a premium of about 35%...
March 10, 2016
Low energy and chemical prices are taking their toll on petrochemical investment projects in the United States....
March 10, 2016
Reports of a potential BASF bid for DuPont emerged in early March, but market reaction has been skeptical as to whether the reports would become a reality. Citing people familiar with...
March 3, 2016
BASF says it is well positioned to carry on in agricultural chemicals alone, according to chairman Kurt Bock. Bock was responding to numerous questions noting the consolidation of the global agchems market at the company’s results press briefing on 26 February in Ludwigshafen. Separately, BASF said earlier this month that it will scale back its plant biotechnology efforts....
March 3, 2016
BASF says it is looking again at its planned methanol-to-propylene (MTP) investment at Freeport, TX, citing concerns that low oil prices could hurt the project’s competitiveness...
February 18, 2016
Westlake upped the ante in its bid for Axiall on 16 February, announcing that it will take its acquisition proposal to Axiall’s shareholders by nominating a full slate of directors at the company’s 2016 annual meeting. Albert Chao, Westlake’s president and CEO, says many Axiall shareholders have expressed the desire for Axiall to enter discussions....
February 18, 2016
Shahdaee: BASF in talks on large petchems investment in Assaluyeh. BASF has declined to comment on reports that it is discussing investment in a multibillion-dollar project in southern...
February 16, 2016
Air Liquide’s net profit in 2015 rose 5.5% year-on-year (YOY), to €1.76 billion ($1.97 billion), up from €1.67 billion in 2014. The company has not disclosed net profit...
February 11, 2016
Big M&A deal: Ren Jianxin(l.), chairman of ChemChina; and Michel Demaré addressing the media. The consolidation of the agricultural chemicals industry may be entering its...
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