ARGENTINA

Gail India Plans Petchem Project in Colombia
Gail India (New Delhi) plans to set up a ‘mega’ petrochemical plant in Colombia, and Reliance Industries could be a partner in the...

Shell and ExxonMobil Scrap Plans to Divest Infineum...
Shell and ExxonMobil say they have abandoned plans to divest Infineum International (Milton Hill, U.K.), their 50-50 fuel and lubricant additives joint venture. Shell and ExxonMobil announced last March that they were considering options for Infineum...

First-Quarter Earnings Fall at Total, Rhodia, and Solvay
Rhodia, Solvay, and Total posted declines in first-quarter net income, mainly because of higher raw material costs and unfavorable currency exchange rates. Selling price hikes were not enough to offset rising cost in all markets, producers say. Total...

Alfa Completes PET Acquisition
Grupo Alfa (Moneterrey, Mexico) says it has completed the previously announced acquisitions of Eastman Chemical’s Cosoleacaque, Mexico and Zarate, Argentina...

Assessing Latin America’s Potential
Major M&A deals in Brazil this year will advance the long-sought consolidation of Brazil’s petrochemical industry, and further broaden Petrobras’ and Braskem’s leading roles in the region’s petrochemical industry, according to...

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