Chemical Industry Weekly News Round-Up, Apr. 13

 

Cytec has agreed to acquire Umeco, a maker of advanced composite materials, for $439 million. Cytec also expects first-quarter adjusted earnings to be 45%-50% higher than analysts’ consensus of 85 cts/share.

 

U.S. EPA has put forth a proposed rule that would require chemical companies to electronically report some information to the agency under TSCA.

 

DuPont has prevailed in anti-trust counter-claim related to last year’s Kevlar trade secrets case.

 

The European Commission is reviewing antidumping duties on ethanolamines from the U.S. in response to a price hike by Dow Chemical.

 

 

West Virginia state officials are still hoping to land an ethane cracker, after the announcement earlier this year that Shell is building one in Pennsylvania, in the Wheeling News-Register.

 

An editorial in Bloomberg endorses hydraulic fracturing, but says disclosure of the chemicals used in the process is crucial.

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