Chemical Industry Weekly News Round-Up, Sept. 23

 

The global PE and PP industry will benefit from growing demand from emerging economies and cheap shale gas in the U.S., attendees at PEPP 2011 said this week in Amsterdam.

 

Two renewable chemicals firms, Mascoma and Elevance, have filed for IPOs, each worth $100 million.

 

Williams is planning to spend $350 million-$400 million to increase ethylene capacity at its plant in Geismar, LA.

 

Private equity firm SK Capital has raied $500 million for a new chemicals buyout fund, some $100 million more than the firm originally targeted.

 

Despite the uncertain economy, European bankers are experiencing a robust deal pipeline – one that may burst if the economy improves, Reuters reports.

 

Several Democratic U.S. senators have sent a letter to President Obama criticizing his decision to delay tougher ozone standards, in The Hill.

 

A French newspaper is reporting that Dow Chemical may return to making acquisitions next year or the year after, in Bloomberg.

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