IHS Chemical Week
PEOPLE & BUSINESS

GPCA appoints Adnoc's director of petrochemicals as new chairman

Gulf Petrochemicals and Chemicals Association (GPCA; Dubai) today announced the appointment of Rashed Saud Al Shamsi as new chairman. Al Shamsi, formerly vice chairman of GPCA, succeeds Mohamed Al Mady, who was recently appointed as the chairman of the...

BASF appoints new president of oil & gas and Wintershall subsidiary

BASF said today that Mario Mehren, member of the board of executive directors of Wintershall (Kassel, Germany) responsible for exploration & production/Russia, North Africa and South America, has been named president of BASF’s oil & gas division...


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People/Executives

Gurit appoints CFO

Composite materials supplier Gurit (Zurich) said today it has appointed Angelo Quabba as CFO and a member of the company’s executive committee, effective 1 August. Quabba is currently executive v.p./finance at Bruker's (Billerica, MA) analytical and...

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

Evogene expands agchem-discovery capabilities

Israeli crop genomics firm Evogene (Rehovot) has expanded its capabilities for the discovery of novel agricultural chemicals, with the initial application focused on novel herbicides. The newly launched technology includes a new chemical-discovery...

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

Chevron to sell stake in Caltex Australia

Chevron announced today that its wholly owned global energy subsidiary has entered into an underwriting agreement for the sale of its 50% stake in Caltex Australia (CAL). The company expects to sell the stake for $3.6 billion. CAL owns an oil refinery at...

Reach

ECHA provides update on SVHC 2020 road map

The European Chemicals Agency (ECHA; Helsinki) has published its first annual report on the implementation of its road map for substances of very high concern (SVHC). The Roadmap for SVHC identification and implementation of Reach risk management measures...











 
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