EUROPE

Linde's Gases Division Reports a Fall in Full-Year Results

March 17, 2010 | Kerri Walsh

Linde reported 2009 net income down 16%, to €653 million, on sales down 12%, to €11.2 billion. The gases division's operating profit slipped 2%, to €2.4 billion, on sales down 6%, to €8.9 billion. Sales and profits from the Western...

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Lanxess Returns to Profit in the Fourth Quarter

The company also expects significant earnings improvement in 2010....

Ineos Plans to Refinance Debt

Ineos says its plans to issue senior secured notes and term loans to prepay a significant proportion of its senior term loan debt. The notes and term loans have maturity of at least five years, and are expected to total about €1 billion ($1.37...

NGO Presses for Adoption of Cumulative Risk Assessment

ChemTrust (London), a non-government organization, is pressing regulators to adopt measures that recognize the synergistic adverse effects of synthetic chemicals on human health and the environment. “Current research suggests that cumulative risk...

DSM on Track to Commercialize Production of Resins, Adhesives and Coatings from CO2

DSM says it expects to be in a position to announce plans for the commercialization of specific products derived from CO2 feedstocks in the next 12-24 months. “We have sufficient perspective now to say we will continue down this road,” the company...

Brenntag to Launch IPO This Month

The company's shares are due to be listed from March 29...

A Tribute to Ashok Kumar, Member of U.K.'s Parliament, Chemical Engineer and Industry Supporter

CEO for NEPIC It is with great sadness that we heard of the death of Dr Ashok Kumar MP for Middlesbrough South & East Cleveland. He was well respected by his colleagues in the Process Industry not only locally but nationally as well. He has helped both...

EU Consortium Begins Biorefinery Development Project

A consortium of 28 companies and research institutes has begun a four-year project to develop an efficient biorefinery system for converting biomass into final chemical products. Named EuroBioRef, the project aims to increase the “economic...

Ineos in Preliminary Partnership Discussions with Mideast Investors

Ineos is in preliminary discussions about the possibility of bringing in joint venture partners for, or selling, some of the company's assets, U.K. press reports say. The reports, quoting Tom Crotty, CEO at Ineos Olefins, say the company is in discussions...

Arkema Studies Acrylic Polymers Production in Emerging Markets

Arkema is considering plans to establish production of acrylic latex in the emerging regions of Asia/Pacific or Latin America, following the company’s recent acquisition of certain U.S. acrylics assets from Dow Chemical for $50 million (CW, Feb. 1, p...

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