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August 23, 2013Sasol says that its wholly owned Sasol Investment subsidiary entered into a definitive sale and share purchase agreement on 16 August, pursuant to which Main Street 1095 Ltd., a South...
August 9, 2013The global outlook for potash was thrown into turmoil as one of two cartels that control most of the world’s potash exports collapsed at the end of July. Uralkali (Berezniki...
August 9, 2013PPG Industries has reached an agreement to divest its 51% stake in Transitions Optical, a global supplier of photochromic lenses, to Essilor International (Charenton-le-Pont, France), which currently holds a 49% stake in the joint venture. Essilor, a maker of ophthalmic lenses and optical equipment, will also enter into multiyear agreements with PPG for continuing supply of optical dyes and R&D services....
July 26, 2013DuPont announced 23 July that it is exploring the sale or spin-off of its $7-billion/year performance chemicals unit as part of its transformation to a “higher growth, less cyclical company.”...
July 12, 2013The board of Royal Dutch Shell has announced that Ben van Beurden will succeed Peter Voser as CEO, effective 1 January 2014....
July 12, 2013The European Commission, member states of the European Union, and European industry are to invest more than €22 billion ($28 billion) in innovation over the next seven years....
June 28, 2013Industry groups, including ACC and American Fuels and Petrochemicals Manufacturers (AFPM; Washington), have issued mostly critical reactions to President Obama’s federal climate...
June 28, 2013Israel Corp. (Tel Aviv), the parent of Israel Chemicals (ICL; Tel Aviv), is examining plans to split its assets into two companies, Israel Corp. said in a statement last week. Israel...
June 21, 2013US ethylene prices responded immediately to news of a fatal explosion at Williams’ Geismar, LA, cracker, but the long-term impact of the 13 June incident is uncertain....
June 21, 2013Private equity firm Cinven (London) has won the bid to acquire CeramTec (Plochingen, Germany) from Rockwood Holdings (Princeton, NJ) for €1.49 billion ($1.98 billion), subject to adjustments. Cinven beat out competition from two other private equity firms, BC Partners and Bain Capital....