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November 12, 2010Ashland has agreed to sell its distribution business to private equity firm TPG Capital (Fort Worth, TX) for $930 million. “The sale completes a major step in our multi-year...
October 29, 2010Basic and diversified chemical companies posted big profit gains in the quarter ended September 30, and most beat the consensus of analysts’ estimates as reported by Thomson One (New...
October 15, 2010LyondellBasell says shares of its common stock began trading on the New York Stock Exchange (NYSE) on October 14. Class A ordinary shares will trade under the symbol LYB and Class B...
October 15, 2010Chevron Phillips Chemical (CPChem) says it will build a 200,000-m.t./year linear alpha olefins (LAO) plant at its Cedar Bayou complex in Baytown, TX. The 1-hexene plant is expected to...
October 11, 2010AZ Electronic Materials (Luxembourg) is planning an initial public offering (IPO) worth at least $400 million on the London Stock Exchange, the company announced earlier this month...
October 8, 2010A European Food Safety Authority (EFSA; Brussels) advisory panel has concluded there is no scientific data to support revising its Tolerable Daily Intake (TDI) level for bisphenol A...
September 24, 2010Evonik Industries says it has decided to divest its carbon black business. The company announced last July that it was considering options for the business including divestment. Evonik...
September 24, 2010PotashCorp has filed suit to block BHP Billiton’s $38.6-billion hostile takeover bid, claiming the Australian mining firm’s offer is “built upon false and misleading statements...
September 17, 2010Private equity firm Apollo Management (New York) says it is merging Momentive Performance Materials and Hexion to create one of the world’s largest specialty chemicals and...
September 17, 2010Eastman Chemical has raised its third-quarter and full-year 2010 earnings estimates on improved selling prices and strong sales volumes that outpaced normal seasonal patterns...