IHS Chemical Week


Chemical Industry Weekly News Round-Up, April 29

1:53 PM MDT | April 29, 2011 | By VINCENT VALK

This Week on CW:

It's earnings season, and the results have been strong all-around. Dow's earnings jumped 31% on price and demand improvement.

ExxonMobil Chemical posted $1.5 billion in profit, a new record.

DSM's earnings rose 16%, while Bayer's were up 13%. Higher sales played a role in the improvement at both companies.

Outside earnings, former Berkshire Hathaway exec David Sokol, who has come under suspicion for insider trading, apparently scouted three chemical companies before settling on the Lubrizol acquisition.

Around the Web:

CEOs of major oil and power companies (shockingly) want the Obama administration to scrap EPA's climate regulations, in Bloomberg.

The Economist asks: what's wrong with America's economy?

The government of the Canadian province of Saskatchewan has approved a huge new 'clean coal' project, in The Vancouver Sun.

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