IHS Chemical Week
BUSINESS

Valvoline IPO closes

3:42 PM MDT | September 28, 2016 | Vincent Valk

Ashland and Valvoline today announced the closing of Valvoline’s initial public offering (IPO) of common stock, under which 34.5 million shares in the company were sold at $22/share. That figure includes 4.5 million shares in an option exercised by the...

Compass Mineral issues $450 million term loan to finance purchase of Produquimica

2:51 PM MDT | September 28, 2016 | Jing Chen

Compass Minerals announced Wednesday it has issued a new $450 million senior secured term loan that matures on 1 July 2021 to fund the remaining 65% equity in Brazil-based specialty plant nutrients manufacturer and distributor Produquímica...

Environment

VCI criticizes environment ministry over climate protection hearing

September 26, 2016 | Michael Ravenscroft

Germany’s chemical industry association VCI (Frankfurt) has criticized the Federal Ministry for the Environment (BMUB) for failing to give industry adequate consideration in the BMUB's consultation on the country’s climate protection plan, due to...

Finance

Saudi Aramco to invest $334 billion in infrastructure, energy projects by 2025

September 27, 2016 | Sok Peng Chua

Saudi Aramco (Riyadh, Saudi Arabia) will spend $334 billion over the next 10 years on various sectors, Abdulaziz al-Abdulkarim, vice president/procurement and supply chain management, told a conference in Bahrain on Monday. The figure includes spending on...

M&A

Alpek receives 30-day extension for exclusive talks to buy Petroquimica Suape and Citepe

September 28, 2016 | Natasha Alperowicz

Alpek (Monterrey, Mexico) said on Tuesday it has received a 30-day extension to continue exclusive negotiations with Petrobras (Rio de Janeiro, Brazil) for its stake in Petroquímica Suape and Citepe....

People

BASF's Bock to be next VCI president

September 23, 2016 | Michael Ravenscroft

Kurt Bock has been elected president of Germany's chemical industry association VCI....

Projects

BASF building replacement acetylene plant at Ludwigshafen

September 28, 2016 | Francinia Protti-Alvarez

BASF is building a world-scale acetylene production plant at its Ludwigshafen, Germany, site, the company has announced. The new facility will have the capacity to produce 90,000 metric tons/year of acetylene, BASF says. The plant will start up in at the end of 2019 and replace the existing plant....

Regulatory

Over 100 countries announce support for aggressive HFC phasedown

September 26, 2016 | Rebecca Coons

More than 100 countries have declared their support for an ambitious hydrofluorobcarbon (HFC) phasedown plan with an “early freeze date” to be added to the Montreal Protocol at an upcoming meeting in October...

R&D

BASF opens crop-protection technology center in Germany

September 21, 2016 | Francinia Protti-Alvarez

BASF has opened an application technology center at its crop-protection division headquarters at Limburgerhof, Germany....





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