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Chemical Industry Weekly News Round-Up, Nov. 11
3:13 PM MST | November 11, 2011 | By VINCENT VALK
This Week on CW:
Celanese CEO David Weidman has announced plans to retire in April of next year. Weidman will be replaced by Mark Rohr, executive chairman and former CEO of Albemarle. Rohr will step down as chairman of Albemarle on February 1.
Mexico's Ethylene XXI project, which will include a 1.05 million m.t./year cracker and downstream polyethylene units, is expected to receive final approval in early 2012.
Arkema's net income fell 16% year-on-year, and the company announced plans to acquire a specialty alcoxylates business from an Air Liquide subsidiary.
At NACD's 2012 annual meeting, held this week in Florida, attendees expressed concern about tougher regulatory enforcement. Check out my interview with NACD president Chris Jahn:
Around the Web:
The U.S. government announced it will study rerouting the Keystone XL pipeline, which will bring Canadian tar sands oil into the U.S., in a move that is expected to delay final approval, the Wall Street Journal reports.
Republican presidential candidate Jon Huntsman has called for an end to oil's dominance, in Talking Points Memo.