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Chemical Industry Weekly News Round-Up, Oct. 14
3:16 PM MDT | October 14, 2011 | By VINCENT VALK
This Week on CW:
The French National Assembly has voted to ban bisephenol A (BPA) in food packaging by 2014. The French Senate has not taken up the bill, which would make France the first country to enact a nationwide BPA ban.
Arkema is planning to invest $13.6 million to build an R&D center in China. The company is also considering building a world-scale methyl methacrylate MMA plant in Asia, though the company has not finalized plans for a plant. Arkema closed an MMA plant in France in the wake of the economic downturn.
DuPont may sell Teijin Films, a polyester film joint venture, and a powder-based coatings unit, in two separate deals, according to a report in Bloomberg. The businesses would likely fetch less than $1 billion each.
Meanwhile, DuPont’s bid for a majority stake in Pannar, Africa’s largest seed firm, has been rejected by the South African Competition Tribunal. The company will review the decision before deciding on further action.
BASF is planning to add a total of 120,000 m.t./year in superabsorbent polymers (SAP) capacity at major, integrated, production complexes in Brazil and China.
Around the Web:
A finance professor applies Benford’s Law to corporate earnings and finds evidence that they have grown more unreliable over time, in Studies in Everyday Life.
President Obama’s jobs panel has endorsed the Keystone XL pipeline, in a “carefully worded” statement, in The Hill’s E2-Wire.