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Chemical Industry Weekly News Round-Up, June 22
2:13 PM MDT | June 22, 2012 | By VINCENT VALK
This Week on CW:
Cabot has agreed to buy Norit, a Dutch activated carbon maker, for $1.1 billion. Norit, which is owned by private equity firms Doughty Hanson and Euroland Investments, had revenues of $360 million 2011.
Clariant says it is planning to divest its paper, textile and emulsions and detergents units within the next 18 months. The three units together compose nearly 20% of Clariant’s sales.
Monsanto is suing DuPont over seed development technology, in the latest of a series of lawsuits among the leading genetically modified seed firms.
Cytec, Codexis and Elevance were among the winner’s of EPA’s Presidential Green Chemistry Award for 2012.
Around the Web:
A U.S. government survey says there are 3.9 trillion cubic feet of undiscovered natural gas in eastern U.S. states, UPI reports.
Observers of U.S. exporters, including chemical companies, are fretting about economic weakness in Europe, in Bloomberg (via the San Francisco Chronicle).