IHS Chemical Week


Chemical Industry Weekly News Round-Up, August 20

1:24 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.

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