MARKETS

Lanxess Agrees on Restart of DyStar Plants in Germany

The deal follows DyStar's acquisition by Indian firm KDCL....

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...


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Basic Chemicals

Nova Chemicals Facing Feedstock Constraints in Alberta

Nova Chemicals says that reduced shipments of natural gas through Alberta are likely to constrain its ethane feedstock supplies for its Joffre, AB site this year....

Petrochemicals

L&T Wins Contract for Aromatics Project in India

Larsen & Toubro (L&T; Mumbai) says it has secured a contract valued at Rs.20350 million ($447 million) from ONGC Mangalore Petrochemicals Ltd (OMPL; Mangalore, India) for its previously announced aromatics complex to be built in the Mangalore special...

Inorganic Chemicals

Dow Corning Acquires Silicon Assets

Dow Corning says it has acquired the Brazilian operations of Globe Specialty Metals (GSM; New York), including two chemical-grade silicon manufacturing assets, for $175 million, and also acquired a 49% interest in GSM's silicon metal manufacturing operation at Alloy, WV for an undisclosed sum....

Plastics

Researchers Find Greener Way to Process PET Fibers

Researchers at the University of Torino in Italy found that treating polyethylene terephthalate (PET) fibers with a low-temperature, partially ionized gas increased the fibers' affinity for water....

Specialty Chemicals

Eastman Acquires Specialty Plasticizer Firm

Eastman says the deal positions it as a global leader in the $9-billion non-phthalate plasticizer business with both general purpose and specialty solutions....

Fine Chemicals/Biotech

Dr. Reddy’s Commissions Pharma-Grade Alcohols Facility in Mexico

Pharmaceutical company Dr. Reddy’s Laboratories (Hyderabad, India) says it has successfully commissioned its commercial scale manufacturing facility for pharma grade mPEG alcohols at Cuernavaca, Mexico. mPEG alcohols are the key raw materials for...

Industrial Gases

Praxair Issues $400 Million in Debt at 1.75% (Updated)

Praxair has issued $400 million in new debt securities due in 2012, the company announced today. The debt carries an interest rate of 1.75%. The current debt issue is expected to close on November 16. Praxair's long-term debt is rated A2 by Moody's, and A by...

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