AMERICAS

M&A Expected to 'Improve Substantially' in 2010

February 8, 2010 | Vincent Valk

The chemical M&A market is set to "improve substantially" this year, according to Peter Young, president of Young & Partners (Y&P; New York), a boutique investment bank. "We hit a trough in volume in the first quarter of 2009, and a...


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MORE AMERICAS

Canpotex Settles Chinese Potash Deal at Undisclosed Price

Canpotex rival Belarusian Potash Company settled 2010 potash contracts with Chinese buyers in December at a sharply discounted price of $350/m.t. in an effort to normalize consumption levels....

Beyond Cap-and-Trade?

This is the first of a three-part web series on the implications of cap-and-trade's potential failure on the U.S. regulatory and economic environment. Part two, which will focus on the economy, will appear on Wednesday. As Washington scrambles to adjust to a...

Start-up Brings Algae-to-Oil Pilot Plant On-line

OriginOil (Los Angeles), a start-up company developing a process for converting algae into oil, says it has commissioned its pilot facility at its Los Angeles headquarters. The company says it now has an end-to-end algae-to-oil production facility in...

Air Products Makes Unsolicited Offer to Acquire Airgas

The bid values Airgas at $7 billion, and would create the largest industrial gases company in North America....

Pfizer Reports Rise in Fourth-Quarter Profits and Sales

Pfizer reported a 188% rise in net profits for the fourth quarter of 2009, to $767 million, compared to the fourth quarter of 2008. The net profits for the quarter was favorably impacted by increased revenues as well as the non-recurrence of the pre-tax and...

U.S. Senate Takes Up Chemical Plant Security

U.S. Senator Susan Collins (R., ME) has introduced legislation to extend for five years current chemical plant security laws. Senators Mark Pryor (D., AR), George Voinovich (R., OH), and Mary Landrieu (D., LA) have co-sponsored the bill.   “We...

Ag Sales Boost FMC's Fourth Quarter

FMC reported fourth quarter net income of $62.1 million (85 cts/share), up 34% from the same period last year....

Senate Hears Experts on TSCA Reform; Lautenberg Bill Due Out 'Soon'

Senator Frank Lautenberg (D., NJ) urged lawmakers to not “waste this opportunity” to reform the Toxics Substances Control Act (TSCA) and heard testimony today from two panels of experts on the current science about public exposure to toxic...

Rail Traffic Up 15.4% Last Week

Chemicals sector rail traffic in North America rose 15.4% in the week ended January 30, to 46,085 cars, according to the Association of American Railroads (AAR). U.S. traffic was up...

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