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Poland (89) Hungary (60) Czech republic (35) Russia (340)
POLAND Poland to delay tax on shale gas until 2020
Poland plans to delay a proposed tax on shale-gas exploration until 2020, after several foreign energy companies, including ExxonMobil and Marathon, decided to stop exploration there. "The law on hydrocarbon taxes will come into force in 2015, but taxes... PPG starts production of protective and marine coatings at Poland facility
PPG Industries says it has started manufacturing protective and marine coatings (PMC) at the company’s facility at Ostrów Wielkopolski, Poland. The facility became a part of PPG through the acquisition of Dyrup (Copenhagen), which was completed... Solvay breaks ground on silica plant in Poland
Solvay says it has broken ground on a previously announced facility that will produce highly dispersible silica (HDS), at Włocławek, Poland. The new 85,000-m.t./year HDS plant involves an investment of €75 million ($96 million) and will create more... ECHA invites comments on proposals for harmonized classification and labeling of lenacil and boric acid
The European Chemicals Agency (ECHA; Helsinki) has invited comments on two new proposals for harmonized classification and labeling (CLH). The chemicals concerned are lenacil, a uracil herbicide; and boric acid, used in various industrial applications... EBRD acquires stake in Poland's Grupa Azoty
The European Bank for Reconstruction and Development (EBRD; London) has acquired a 5.75% stake in Grupa Azoty (Tarnów, Poland), the country’s largest producer of fertilizers and chemicals, for 296.4 million zlotych ($94.3 million). The investment... More Stories » HUNGARY Report: Romania's Oltchim to lay off 25% of its staff
Indebted petrochemical producer Oltchim (Râmnicu Vâlcea, Romania), will lay off a quarter of its staff starting next week, according to reports in the Romanian press. About 600 of the 900 job cuts will take place at the company's main production... Reports: European Commission rejects government aid scheme for Oltchim
The European Commission has rejected a request by the Romanian government to supply debt-burdened petrochemical manufacturer Oltchim (Râmnicu Vâlcea, Romania) with €20 million ($26 million) in state aid, Romanian media sources report. The... Brenntag opens coatings lab in Hungary
Brenntag has expanded its service portfolio for the coating and construction industry at its technical center in Budapest with the opening of an applications laboratory. The new lab offers applications technology and test equipment for polymer... Romanian court approves Oltchim insolvency
A Romanian court has approved the request for insolvency filed by beleaguered petrochemical manufactuer Oltchim (Râmnicu Vâlcea, Romania) on 30 January, local media reports say. The insolvency route was one of several options presented by the... Tessenderlo closes Profialis divestment
Tessenderlo Group (Brussels) has completed the sale of Profialis, its continental European polyvinyl chloride (PVC) profiles activities, to private equity firm OpenGate Capital (Los Angeles), the two companies said today. Financial terms were not disclosed... More Stories » CZECH REPUBLIC Ems takes control of Eftec automotive supply business
Ems Group (Herrliberg, Switzerland) has completed the takeover of the automotive supply business in Central and Eastern Europe (CEE) of Eftec (Zlin, Czech Republic), a 50-50 joint venture with D Plast (Lužkovice, Czech Republic), Ems announced today... PKN Orlen's petrochemical activities swing to a quarterly profit
PKN Orlen's (Plock, Poland) petrochemical operations swung back into positive earnings territory during the fourth quarter of 2012, with the company's consolidated results showing a 293-million zloty ($93.4 million) operating profit, recovering from the Zl... BASF to restructure construction chemicals in Europe; divestments and redundancies planned
BASF announced today that it is restructuring its construction chemicals business in Europe due to the declining markets, particularly in Southern Europe and in the UK. The planned measures will affect about 400 positions but BASF aims to offer employees... Lenzing acquires remaining 25% of Czech pulp manufacturer
Lenzing says it now owns 100% of pulp producer Biocel Paskov (Paskov, Czech Republic), after acquiring the 25% it did not own from Heinzel Group (Vienna). The company acquired a 75% stake in Biocel Paskov from the Heinzel Group in April... Talke to Construct PE Logistics Facility for Slovnaft
Slovnaft (Bratislava, Slovakia) has awarded Alfred Talke Logistics Services (Hürth, Germany) a contract for the engineering, procurement, and construction of a new logistics facility at Bratislava. The value of the contract is estimated at €22... More Stories » RUSSIA Russian president attends Sibur's commissioning of TPE unit at Voronezh
Vladimir Putin at Voronezh. Russian President Vladimir Putin attended the commissioning ceremony of Sibur’s styrene butadiene styrene thermoplastic elastomers (TPE) unit at Voronezh on Thursday. The 50,000 m.t./year unit is based on technology licensed... Rosneft and Mitsui sign MOU to develop Russian petchem site
Rosneft (Moscow) and Mitsui & Co. have signed a memorandum of understanding (MOU) to develop jointly Rosneft’s previously announced Far East Petrochemical Co. (Fepco) project near Nakhodka, in Russia’s far east. The world-scale petrochemical complex, in its first stage, will be able to process 3.4 million m.t./year of feedstock, predominantly naphtha.... Orica and PhosAgro sign 10-year mining services supply contract
Orica (Melbourne) says it has signed a 10-year contract with Apatit (Kirovsk, Russia), a subsidiary of fertilizer company PhosAgro (Moscow), to supply explosives and blasting services to Apatit’s mining facilities at Kirovsk situated in the Murmansk... Air Products helium deal
Air Products has signed an agreement with Gazprom (Moscow) that confirms Air Products’ plans to purchase Gazprom-supplied helium. Gazprom says it is developing natural gas resources in eastern Siberia and plans to start large-scale helium production... SNF to build acrylamide facility in Russia
Lukoil (Moscow) says that SNF (Andrézieux, France) has agreed on a project to produce acrylamide and polyacrylamide at the production site of Lukoil’s petrochemical subsidiary, Saratovorgsintez (Saratov, Russia). SNF will implement the project in... More Stories »
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