MARKETS

Monsanto Files Suit After German Ban

The company had said it was considering legal action after the German government imposed an immediate ban on cultivation and sale of MON810 corn last week....

Stepan Income, Profit Up

Stepan reported first quarter income today of $15.2 million, or $1.43/share, up from $8.7 million, or 85 cts/share, in the same period last year. Profit grew by six percent, or $2.8 million, as net dropped by 17 percent, to $318.1 million. The company expects...

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Basic Chemicals

Shell Licenses EO-EG Process to PetroChina Subsidiary

Shell Global Solutions International, a Shell subsidiary, says it has signed a contract to license ethylene oxide-ethylene glycol (EO-EG) technology to PetroChina Sichuan...

Petrochemicals

Residents Oppose Sinopec Para-Xylene Project at Maoming

The Ministry of Environmental Protection (MEP; Beijing) says that Sinopec subsidiary Sinopec Maoming is facing strong protests from residents at Maoming, China against the company’s planned para-xylene plant at Maoming. Local residents say that the site...

Inorganic Chemicals

Israel Chemicals Announces Major Fertilizer Expansion Program

Rising demand and limited supplies have driven potash and phosphate fertilizer prices to 'record highs,' the company says....

Plastics

Borouge Agrees on Cooperation Deal with Indian Firm

Borouge says it has agreed to cooperate with Machino Polymers (Gurgaon, India), a leading supplier of polypropylene (PP) compounds to the automotive industry in India. Under the deal, Borealis, one of Borouge's parents, will supply its Borstar process PP resin...

Specialty Chemicals

SNPE Seeks Buyer for its Fine Chemicals Business

SNPE (Paris) says it has put Isochem, its fine chemicals business, up for sale. SNPE says it expects to have completed the sale of the business within six-to-eight months. The company did not disclose how much money it hopes to...

Fine Chemicals/Biotech

Brazil Gives OK for Monsanto GM Cotton

The seed still has to be approved by Brazil's Minister of Agriculture before it can be commercialized, however....

Industrial Gases

Air Products’ Paul Huck Named CW’s SFO of the Year

Air Products CFO Paul Huck was named CW’s Senior Financial Officer (SFO) of the Year at the 14th Annual SFO Conference held Tuesday in New York City. A CFO should “not to harp on how bad things are but instead [demonstrate] how the business can...

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