Chemical Industry Weekly News Round-Up, June 3

2:40 PM MDT | June 3, 2011 | By VINCENT VALK

This Week on CW:

Ashland has announced plans to buy International Specialty Products for $3.2 billion, in a deal that will make Ashland more specialty-focused.

Sealed Air is planning to buy Diversey for $4.3 billion, combining a major packaging firm with a major industrial cleaning firm.

Lanxess is reportedly in talks to buy Taminco, a private-equity owned producer of alkylamines.

Shell and Cosan have launched a previously announced Brazilian ethanol and transportation fuel joint venture worth $12 billion.

Around the Web:

A blogger at Reuters considers May's U.S. "jobs fail."

A piece in Salon paints a rosy picture of the potential for shale gas.

Speaking of shale gas, energy company executives are arguing that states should regulate fracking, not the federal government, in the San Antonio Express-News.

ExxonMobil Chemical is growing due to demand from China, in Industry Week.

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Chemical Industry Weekly News Round-Up, June 3

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