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September 19, 2008
BASF says from October 1 it will slash production of polystyrene (PS) in Europe by 25%. “The reason for this step is the diminished demand for the standard plastic PS, a...
September 17, 2008
ChemSec (Gothenburg, Sweden), a nongovernmental organization (NGO), has published SIN list 1.0, a list of 220 chemicals that, based on scientific data, it is proposing should be banned...
September 15, 2008
A group of Huntsman shareholders offered to provide more than $400 million to shore up Huntsman’s balance sheet last week, in a further bid to prod Hexion Specialty...
September 15, 2008
The board of Lucite International (Southampton, U.K.) has appointed Merrill Lynch and Deutsche Bank to examine and advise on “strategic options,” including a possible sale...
September 15, 2008
Dow Chemical says it plans to sell its Clear Lake, TX acrylic acid and esters operations as well as its UCAR Emulsion Systems specialty latex business in North America. Dow says it is...
September 8, 2008
Several chemical manufacturers that shut down operations along the U.S. Gulf Coast coasts ahead of Hurricane Gustav’s landfall last week are assessing damage and time lines for...
September 8, 2008
Westlake says it will invest $250 million-$300 million to build a membrane-process, chlor-alkali plant at its Geismar, LA vinyls complex by the first half of 2011. The plant will have...
September 8, 2008
Arch Chemicals says it has agreed to acquire water treatment chemicals producer Advantis Technologies (Alpharetta, GA), a subsidiary of Rockwood Holdings, for $130 million in cash. The...
August 26, 2008
An “adequate margin of safety” exists to prevent harm from bisphenol A (BPA) in food and beverage containers, according to an FDA draft assessment released earlier this...
August 26, 2008
Dow Reichhold Specialty Latex, a 50/50 joint venture of Dow Chemical and Reichhold, says it will cease business activities before year-end. Dow and Reichhold say the shut down includes...
August 18, 2008
Raw material and energy costs combined with the weak U.S. economy continue to concern basic chemicals producers. However, second-quarter producer earnings were relatively strong...
August 18, 2008
Hexion Specialty Chemicals says its second-quarter net loss widened to $180 million, from $4 million in the year-ago period. The most recent quarter includes a $167-million write off...
August 4, 2008
U.S. lawmakers have agreed to ban six phthalates in products intended for children under the age of 12. The measure is part of legislation to strengthen the federal Consumer Product...
August 4, 2008
Most specialty chemical producers reporting last week posted strong second-quarter results. However, some business sectors were hurt by raw material cost increases and others were...
July 22, 2008
Ashland’s $3.3-billion deal to acquire Hercules gives the company its long-sought “specialty core,” says Ashland chairman and CEO James O’Brien. Hercules, with...
July 14, 2008
Dow Chemical has agreed to buy Rohm and Haas (R&H) for $18.8 billion, a deal that Dow says marks “a defining step in our transformational strategy.” Dow will pay...
July 14, 2008
BASF has reconfirmed its previously announced growth outlook for 2008, despite signs of weakening growth in the chemical industry. “Assuming there are no changes to BASF’s...
July 1, 2008
Dow Chemical will temporarily idle production at a number of manufacturing plants in North America and Europe and raise selling prices by up to an additional 25% to restore margins...
July 1, 2008
Qatar Petroleum (QP; Doha), Shell China, and PetroChina say they have signed a letter of intent (LOI) to “commence joint preliminary studies to assess the viability of building a...
June 23, 2008
Hexion Specialty Chemicals sued Huntsman Corp. last week seeking to end its agreement to purchase the company for $10.6 billion. The capital structure of the deal “is no longer...
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