Chemical Industry Weekly News Round-Up, August 20
2:55 PM MDT | August 20, 2010 | By VINCENT VALK
This Week on CW:
BHP Billiton has gone hostile in its $130/share bid for PotashCorp. The offer is a 32% premium over PotashCorp's average price for the month up to August 11.
In another fertilizer deal involving Australia, Agrium has agreed to acquire Melbourne-based grain marketer AWB for A$1.50/share.
LyondellBasell reported second-quarter net income of $203 million. Operating income in the company's olefins & polyolefins/Americas segment jumped by some 123%.
Dow has made several senior management changes. The changes "build on the momentum of our new portfolio," says CEO Andrew Liveris.
Around the Web:
Reuters profiles PotashCorp CEO Bill Doyle, whom it refers to as "suave."
Al Gore's talking about climate again: The former U.S. vice president is calling for demonstrations to protest legislative inaction, and saying that failure to pass a climate bill will cost the country billions, in The Hill's E2-Wire.
The Canadian economy, which has been posting strong growth, is starting to slow, CTV News reports. A weakening housing market and a sluggish U.S. economy are to blame, experts say.
Infrastructurist discusses a study on misconceptions about how to save energy.