IHS Chemical Week

Refrigerants ain’t what they used to be

September 26, 2016 | Ray Will

While refrigerants have been hard at work keeping our food fresh and living spaces cool, their composition has been evolving over the last 150 years....

New Mountain targets vistas in specialties for Avantor

September 26, 2016 | Robert Westervelt

Private equity firm New Mountain Capital (New York, New York) has announced plans to merge two portfolio companies, Avantor Performance Materials (Center Valley, Pennsylvania) and NuSil Technology (Carpinteria, California) as it sharpens focus on the bioprocessing and biomaterials space....

Lanxess agrees to acquire Chemtura for $2.70 billion

September 25, 2016 | Natasha Alperowicz

Lanxess announced on Sunday that it has reached an agreement to acquire Chemtura Corporation, for an enterprise value of €2.40 billion ($2.70 billion)...

India soon to be self-sufficient in commodity PE, Indonesia's deficit set to continue

September 23, 2016 | Deepti Ramesh and Ian Young

India’s polyethylene (PE) capacity is increasing rapidly and the country will soon be self-sufficient in commodity grades of PE, IHS Chemical says. The latest PE plant start-ups in India are by Gail India (New Delhi), a natural gas company; and ONGC...

BASF adapts to realities in Asia, will not meet targets

September 23, 2016 | Natasha Alperowicz

BASF today outlined plans for growth in Asia and confirmed that targets set a few years ago to achieve €25 billion in sales there, including €12 billion in China, by 2020 will not be met....

BASF's Bock to be next VCI president

September 23, 2016 | Michael Ravenscroft

Kurt Bock has been elected president of Germany's chemical industry association VCI....

Borealis plans world-scale PDH plant in Belgium, selects UOP process

September 22, 2016 | Natasha Alperowicz

Borealis said today that it plans to study the feasibility of a new, world-scale propane dehydrogenation plant at its production site at Kallo, Belgium....

Monsanto agrees to $66-billion takeover bid from Bayer

September 14, 2016 | Ian Young

Monsanto has accepted an increased takeover bid of $128/share from Bayer, paving the way for Bayer to acquire Monsanto in an all-cash transaction valued at $66 billion....

CPCIC: Chemical demand in China outstrips GDP, industry landscape changing

September 13, 2016 | Sok Peng Chua in Shanghai

China accounted for about 30% of the worldwide demand for basic chemicals in 2015 and drove worldwide consumption growth with a demand-growth rate of about 10%, despite an overall economic growth rate of 6.9%, the country's lowest in the past 20 years...

Linde CEO, CFO to depart following collapse of merger talks with Praxair

September 13, 2016 | Ian Young

CFO Georg Denoke exits Linde effective immediately and CEO Wolfgang Büchele has said he will not renew his contract when it expires in April 2017....

M&A higher but uneven amid volatile debt, equity markets

September 12, 2016 | —Vincent Valk and Robert Westervelt

Announced mega deals continue to dominate discussions, but the volume and value of deals closed in the first half reveals an uneven M&A market, according to one industry banker. Specialty chemical markets and values remain extremely strong in contrast with commodity transactions, and activity continues to shift toward Asia, says Peter Young, president of Young & Partners (Y&P; New York, New York)....

European Commission suspends Dow-DuPont merger antiturst review pending more detail

September 9, 2016 | Robert Westervelt

The European Commission has stopped the clock on its review of the pending merger between Dow Chemical and DuPont, saying the companies have not provided an important piece of information the Commission has requested....

Vertellus gains court approval for sale to lenders

September 8, 2016 | Vincent Valk

Vertellus Specialties today gained approval in US Bankruptcy Court for a sale of the company to its term loan lenders, including Black Diamond Capital Management and BlackRock, for $453.8 million, paving the way for the company to exit Chapter 11 bankruptcy protection...

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