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January 16, 2009
The U.S. Climate Action Partnership (USCAP; Washington), a coalition including Dow Chemical and DuPont as well as environmental groups, has released a detailed plan for curbing climate...
http://www.chemweek.com/sections/top_of_the_week/USCAP-Offers-Congress-a-Blueprint-for-Climate-Action_16484.html
January 16, 2009
Tronox says it has filed for Chapter 11 bankruptcy protection for its U.S. operations, citing a need for relief from legacy environmental liabilities. Most of the liabilities are not...
http://www.chemweek.com/sections/top_of_the_week/Tronox-Files-for-Chapter-11-Bankruptcy-Protection_16485.html
January 13, 2009
Mosaic and Monsanto beat analysts’ expectations for the quarter ended November 30, 2008, as each firms’ earnings more than doubled from the same year-ago quarter. However...
http://www.chemweek.com/sections/top_of_the_week/Earnings-Mixed-at-AgChem-firms_16265.html
January 13, 2009
LyondellBasell Industries’ U.S. operations and one of its European holding companies filed for Chapter 11 bankruptcy protection last week, after ongoing negotiations with lenders...
http://www.chemweek.com/sections/top_of_the_week/LyondellBasells-U-S-Unit-Files-for-Bankruptcy-Protection_16266.html
December 22, 2008
Hemlock Semiconductor (Hemlock, MI), Dow Corning’s majority-owned joint venture, says it will invest up to $3 billion to boost polysilicon production for solar power...
http://www.chemweek.com/sections/top_of_the_week/Dow-Corning-Hemlock-to-Invest-$3-Billion-in-Polysilicon_16004.html
December 22, 2008
European Union (EU) leaders meeting in Brussels have unanimously agreed to cut EU greenhouse gas (GHG) emissions 20% below 1990 levels by 2020. Members of the EU Parliament have also...
http://www.chemweek.com/sections/top_of_the_week/EU-Signs-Climate-Agreement-Makes-Concessions-to-Industry_16005.html
December 15, 2008
Dow Chemical says it will eliminate 5,000 full-time jobs, 11% of its global workforce, close 20 facilities in high-cost locations, and divest several businesses. The program targets...
http://www.chemweek.com/sections/top_of_the_week/Dow-to-Cut-11-percent-of-Workforce-Shut-or-Idle-200-Plants_15859.html
December 15, 2008
Chemtura has named Craig Rogerson as chairman and CEO, replacing Robert Wood who resigned for personal reasons, the company says. Rogerson had served as president and CEO of Hercules...
http://www.chemweek.com/sections/top_of_the_week/Chemtura-Names-Craig-Rogerson-as-CEO_15860.html
December 8, 2008
DuPont says it will cut about 2,500 jobs and temporarily idle more than 100 sites to address current market challenges and focus on maximizing cash flow. “We must get our cost...
http://www.chemweek.com/sections/top_of_the_week/DuPont-Cutting-2500-Jobs-Expects-Fourth-Quarter-Loss_15724.html
December 8, 2008
ACC’s outlook for next year shows a raft of financial and political challenges for producers in the U.S. and overseas. ACC says it will contend with a new administration in...
http://www.chemweek.com/sections/top_of_the_week/ACC-Year-Ahead-Presents-Financial-Political-Challenges_15725.html
December 1, 2008
Dow Chemical says a binding joint venture agreement has been signed for the formation of K-Dow, the company's planned 50-50 petrochemical joint venture with Kuwait’s...
http://www.chemweek.com/sections/top_of_the_week/Dow-Kuwait-Renegotiate-Terms-of-K-Dow-Sign-Binding-Agreement_15635.html
November 21, 2008
BASF says it is temporarily shutting down 80 plants worldwide and reducing production at a further 100 as it grapples with a “massive decline in demand in key industries.”...
http://www.chemweek.com/sections/top_of_the_week/BASF-to-Shutter-or-Scale-Back-180-Plants-as-Demand-Shrinks_15516.html
November 18, 2008
Mitsubishi Rayon has confirmed CW’s recent report that the company will acquire Lucite International (Southampton, U.K.) (CW, Nov. 3/10, p. 6). Mitsubishi Rayon has agreed with...
http://www.chemweek.com/sections/top_of_the_week/Mitsubishi-Rayon-Buys-Lucite-to-Become-Leader-in-MMA_15373.html
November 18, 2008
Dow Chemical has named Rohm and Haas (R&H) president and COO Pierre Brondeau as head of Rohm and Haas Advanced Materials, which will become a division of Dow following its pending...
http://www.chemweek.com/sections/top_of_the_week/Dow-Names-Leadership-Team-for-Rohm-and-Haas-Division_15374.html
November 11, 2008
A swoon in chemical demand and prices over the past month, particularly across Asia, has created a distinctly different market environment and industry outlook from what existed in the...
http://www.chemweek.com/sections/top_of_the_week/Sharp-Demand-and-Price-Declines-Cloud-Outlook_15222.html
November 11, 2008
Koch Industries’ Flint Hills Resources unit says it will shut its Odessa, TX olefins and polymers facility during first-half 2009 and shift polypropylene (PP) production to other...
http://www.chemweek.com/sections/top_of_the_week/Flint-Hills-to-Shut-Odessa-Site-Exit-PE-and-APAO-Markets_15223.html
October 27, 2008
Basic and diversified chemical makers meet or beat third-quarter earnings expectations but most sought to lower expectations for the fourth-quarter and 2009 following the sharp...
http://www.chemweek.com/sections/top_of_the_week/Earnings-Meet-Expectations-but-Outlook-is-Cautious_14970.html
October 20, 2008
Chemical makers have not been immune to the effects of the tumultuous past few weeks in the finance market. That had lead industry analysts to reduce industry growth and earnings...
http://www.chemweek.com/sections/top_of_the_week/Financial-Crisis-to-Pressure-Volumes-Margins-into-2009_14831.html
October 20, 2008
Ineos has declined to comment on U.K. press reports that it is considering plans to sell some assets to reduce debt. A recent report in the Sunday Telegraph, quoting sources...
http://www.chemweek.com/sections/top_of_the_week/Ineos-Planning-to-Sell-Assets_14832.html
October 20, 2008
Apollo Management (New York) has agreed to contribute $540 million to its Hexion Specialty Chemicals unit to assist in closing Hexion’s acquisition of Huntsman. Hexion says it...
http://www.chemweek.com/sections/top_of_the_week/Apollo-to-Provide-$540-Million-to-Help-Hexion-Fund-Huntsman-Deal_14833.html
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