IHS Chemical Week
PEOPLE & BUSINESS

Ashland completes technology acquisition from AkzoNobel

Ashland has completed its acquisition of cellular fraction isolation technology, called Zeta Fraction, from AzkoNobel, in a deal that was announced in July. Terms of the transaction, including purchase price, were not disclosed. The technology will be used in...

Bayer formally launches polymers unit as Covestro

Bayer MaterialScience has been renamed Covestro as of 1 September. Bayer plans to float Covestro on the stock market by mid-2016 at the latest in order to focus on its life sciences businesses. Bayer says Covestro is legally and economically independent, but...


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People/Executives

Myriant appoints new CEO

Myriant (Quincy, MA), a renewable chemicals company, which is an affiliate of PTT Global Chemical (PTTGC; Bangkok), says that Cenan Ozmeral will retire as Myriant's president and CEO. Dennis McCullough, currently v.p./international business operations at...

Companies

Sipchem Misses Earnings Estimates on Lower Revenues

The Saudi International Petrochemical Co. (Sipchem) reported third quarter net profit of SR84.1 million ($22.4 million), a 54% increase on the third quarter of 2009. The result was lower than consensus estimate of SR128 million and that of Sico Research...

Emerging Companies

Invista partners with Plaxica on lactic acid technology

Invista says its technology and licensing subsidiary has entered into a collaboration with Plaxica (London) to provide engineering, technical, and commercial support for Plaxica’s renewable lactic acid technology. Under the agreement, Invista will have...

Earnings/Finance

Sabic Reports Big Rise in Net Profit on Increased Sales and Higher Prices

Saudi Basic Industries (Sabic) reported a 46% rise in third quarter net profit to SR5.33 billion ($1.42 billion) compared with the same period in 2009. The net result was 6% higher than in the second quarter of this year. The company's gross income in the...

M&A

Canexus completes sale of terminal operations

Canexus (Calgary, AB) has completed the previously announced C$75-million sale of the North American Terminal Operations (NATO) to Cenovus Energy. Canexus says net proceeds of the transaction, which was announced in early June, will be used to pay down bank debt....

Reach

ECHA calls for evidence on uses of phthalate in articles, preparation for restriction

The European Chemicals Agency (ECHA; Helsinki) and the Danish Environmental Protection Agency (DEPA; Copenhagen) have announced that they will jointly investigate the need for a restriction on the placing on the market of articles containing any of four...











 
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