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U.K. (399) Sweden (54) Finland (72) Denmark (49) Netherlands (219) Belgium (170) Germany (678) France (272) Spain (47) Italy (78) Switzerland (157) Austria (28)
U.K. Shell Doubles Its Planned Job Cuts
The company also plans to 'improve' its chemicals assets.... Ineos Plans to Refinance Debt
Ineos says its plans to issue senior secured notes and term loans to prepay a significant proportion of its senior term loan debt. The notes and term loans have maturity of at least five years, and are expected to total about €1 billion ($1.37... A Tribute to Ashok Kumar, Member of U.K.'s Parliament, Chemical Engineer and Industry Supporter
CEO for NEPIC It is with great sadness that we heard of the death of Dr Ashok Kumar MP for Middlesbrough South & East Cleveland. He was well respected by his colleagues in the Process Industry not only locally but nationally as well. He has helped both... Ineos in Preliminary Partnership Discussions with Mideast Investors
Ineos is in preliminary discussions about the possibility of bringing in joint venture partners for, or selling, some of the company's assets, U.K. press reports say. The reports, quoting Tom Crotty, CEO at Ineos Olefins, say the company is in discussions... Yara International Will Not Raise Offer for Terra Industries
Yara International said today that it will not raise its offer for Terra Industries to match or exceed a bid form CF Industries Holdings. Yara agreed last month to buy Terra for $4.1 billion in a deal, which would create a global fertilizer giant and... More Stories » SWEDEN Perstorp Builds Calcium Formate Plant in Germany
Perstorp (Perstorp, Sweden) will build a 26,000-m.t./year calcium formate plant at its Bruchhausen, Germany site by the end of this year. The company already has a similar capacity unit at the location but output is... Huub Meessen Appointed Chairman of APPE
Huub Meessen, v.p./Europe at Sabic, has been appointed chairman of the Association of Petrochemicals Producers in Europe (APPE) with immediate effect. He succeeds Ralf Kuhlmann, business director/basic chemicals Europe at ExxonMobil Chemical, who retires in... DSM Invests in Bioprocess Control
DSM says its corporate venturing unit DSM Venturing, has made an equity investment in Bioprocess Control (Lund, Sweden), a company that provides advanced control technologies for the commercial biogas industry. Financial and investment details were not... GPCA 2009: Caution Before Crisis Helped Borealis Weather Downturn
 Borealis has been able to weather the downturn because of actions taken before and during the recession, said Mark Garrett, CEO of Borealis, addressing the Fourth Annual GPCA Forum in Dubai. The company stayed away from acquisitions and kept a close eye on spending in anticipation of a downturn in a bid to keep the financial situation of the company strong.... Borealis Inaugurates Innovation Headquarters at Linz
Borealis inaugurated today its international innovation headquarters at Linz, Austria. The company invested some €50 million ($74.3 million) to build the HQ. About 350 Borealis empolyees from more than 30 countries, working in... More Stories » FINLAND Dynea's Profits Fall on Lower Volumes and Selling Prices
Dynea reported a €46-million loss for full-year 2009, compared to earnings of €5.6 million including special items in both years. Operating results dropped 83%, to €3.9 million excluding... Kemira and VTT to Establish Water Treatment Research Center
Kemira and The Technical Research Centre of Finland (VTT) will establish a Center of Water Efficiency Excellence in Finland, which will focus on developing new technology to enhance water usage and recycling. The center's goal is to "develop unique... Kemira's Fourth Quarter Operating Profit Up; Will List Tikkurila In March
Kemira reported a more than doubling in operating profit, excluding non-recurring items, for the fourth quarter of 2009 to €27.8 million ($38 million), compared with €11.7 million in the year-earlier period on sales 5% lower at €594.7 million... Huub Meessen Appointed Chairman of APPE
Huub Meessen, v.p./Europe at Sabic, has been appointed chairman of the Association of Petrochemicals Producers in Europe (APPE) with immediate effect. He succeeds Ralf Kuhlmann, business director/basic chemicals Europe at ExxonMobil Chemical, who retires in... Borealis Inaugurates Innovation Headquarters at Linz
Borealis inaugurated today its international innovation headquarters at Linz, Austria. The company invested some €50 million ($74.3 million) to build the HQ. About 350 Borealis empolyees from more than 30 countries, working in... More Stories » DENMARK BASF and GEA Niro Form Alliance for Spray Drying of APIs and Formulations
BASF says that its Pharma Ingredients & Services business unit has entered into an agreement with spray drying technology company GEA Niro (Søborg , Denmark), which will allow BASF to make cGMP spray drying tests and pilot... Haldor Topsoe Secures $40-Million Contract with PetroPeru
Catalysts and process technology firm Haldor Topsøe (Lyngby, Denmark) says it has signed a deal with PetroPeru to supply technologies for three new plants in Peru. The contract includes licensing fees, basic engineering and process design for the... Novozymes Secures $28.4 Million Tax Credit to Build Nebraska Enzymes Plant
Novozymes, an enzymes technology firm, says it has received an Advanced Energy Manufacturing Tax Credit of $28.4 million from the U.S. government to fund a new biofuel enzymes facility that it is building at Blair, NE. The facility is set to manufacture... Copenhagen (final day +1): Chaos Reigns as Countries Struggle to Reach Agreement
Delegates at the United Nations (UN) are continuing to negotiate, having worked through the night in a bid to agree a deal to cut greenhouse gas (GHG) emissions and protect the earth from anthropogenic climate change. At CW’s press time, the... Copenhagen: Vision for a Bio-based Society Emerges
The Copenhagen climate negotiations have focused on securing a deal to cut absolute levels of greenhouse gas (GHG) emissions and create a system for financing poorer nations’ efforts to mitigate against and adapt to climate change. Beyond the main scope... More Stories » NETHERLANDS Shell Doubles Its Planned Job Cuts
The company also plans to 'improve' its chemicals assets.... Sanofi-Aventis and Merck & Co. to Create Global Leader in Animal Health
Sanofi-Aventis (Paris) and Merck & Co., have announced that Sanofi-Aventis has exercised its option to combine its Merial unit with Intervet/Schering-Plough (Boxmeer, the Netherlands), Merck's animal health business, to create a global leader in animal... LyondellBasell Board Rejects Reliance Industries' Bid
The board of LyondellBasell Industries has rejected Reliance Industries' bid for a controlling stake that valued LyondellBasell at $14.5 billion, sources say. The board favors a competing reorganization plan developed by LyondellBasell management and backed... DSM Reports a Fourth-Quarter Loss on Special Items
DSM reported a fourth-quarter 2009 loss of €60 million ($81 million) including exceptional items, compared to earnings of €42 million in the year-ago period. Net income rose 22%, to €89 million before special items. Sales fell 4%, to... Reliance Industries Ups Bid for LyondellBasell
Reliance Industries has increased its bid by $1 billion to $14.5 billion for a controlling stake in LyondellBasell, local sources familiar with the situation say. Reliance declined to comment. The offer would give Reliance a minority stake in LyondellBasell... More Stories » BELGIUM EU Consortium Begins Biorefinery Development Project
A consortium of 28 companies and research institutes has begun a four-year project to develop an efficient biorefinery system for converting biomass into final chemical products. Named EuroBioRef, the project aims to increase the “economic... Cefic Selects U.S. University to Develop HazChem Tests
The University of North Texas (UNT; DentonTX) has been awarded grants totaling $120,000 to develop toxicology tests relating to the aquatic environment, for Cefic, the European Chemical Industry Council (Brussels) and the International Life Sciences Institute... Solvay's Fourth-Quarter Earnings Soar, but Sales Dip on 'Fragile' Demand
Signs of improvement are most apparent in Asia, the company says.... Total Seeks to Acquire PS Plants in Belgium from Polimeri Europa
Polimeri announced plans last year to close the PS units.... Yara International to Buy Terra Industries for $4.1 billion
Yara International (Oslo), the leading global fertilizer producer, has agreed to buy competitor Terra Industries for $4.1 billion, just weeks after CF Industries Holding abandoned its hostile bid to buy Terra. The acquisition is a major consolidation in the... More Stories » GERMANY Altana Reports Lower Sales and Earnings
Cost reductions supported margins, however.... Linde's Gases Division Reports a Fall in Full-Year Results
Linde reported 2009 net income down 16%, to €653 million, on sales down 12%, to €11.2 billion. The gases division's operating profit slipped 2%, to €2.4 billion, on sales down 6%, to €8.9 billion. Sales and profits from the Western... Lanxess Returns to Profit in the Fourth Quarter
The company also expects significant earnings improvement in 2010.... Brenntag to Launch IPO This Month
The company's shares are due to be listed from March 29... BASF's 2009 Energy Efficiency Measures to Yield Annual Savings of $53 Million
Energy efficiency measures implemented by BASF in 2009 are set to make annual energy savings for the company totalling €39 million ($53 million), the company says. The savings are detailed in the firm’s 2009 annual report which is due... More Stories » FRANCE Arkema Studies Acrylic Polymers Production in Emerging Markets
Arkema is considering plans to establish production of acrylic latex in the emerging regions of Asia/Pacific or Latin America, following the company’s recent acquisition of certain U.S. acrylics assets from Dow Chemical for $50 million (CW, Feb. 1, p... Yara International Will Not Raise Offer for Terra Industries
Yara International said today that it will not raise its offer for Terra Industries to match or exceed a bid form CF Industries Holdings. Yara agreed last month to buy Terra for $4.1 billion in a deal, which would create a global fertilizer giant and... Sanofi-Aventis and Merck & Co. to Create Global Leader in Animal Health
Sanofi-Aventis (Paris) and Merck & Co., have announced that Sanofi-Aventis has exercised its option to combine its Merial unit with Intervet/Schering-Plough (Boxmeer, the Netherlands), Merck's animal health business, to create a global leader in animal... Total to Reconfigure Dunkirk Refinery Site; Biofuel Cluster Planned
Total has, as expected, presented a plan to its French central works council to cease operations permanently at the company's Dunkirk, France refinery, in response to a decline in petroleum product demand. The refinery, a major producer of propylene, has been... Arkema Reinforces Research into Bio-Based Acrylics
The Lorraine Regional Council in France has joined forces with Arkema and two local university laboratories to back a research program into bio-based acrylics manufacture. Christian Collette, Arkema's R&D v.p. and Jean-Pierre Masseret, president of the... More Stories » SPAIN Merck KGaA Earnings Rise; Upbeat in Guidance for 2010
Merck KGaA reported earnings before interest and tax (Ebit) in the fourth quarter of 2009 at €84.9 million ($115.7 million) compared with a loss of €258 million in the corresponding period of 2008, due mainly to "a lot of exceptional items... Huub Meessen Appointed Chairman of APPE
Huub Meessen, v.p./Europe at Sabic, has been appointed chairman of the Association of Petrochemicals Producers in Europe (APPE) with immediate effect. He succeeds Ralf Kuhlmann, business director/basic chemicals Europe at ExxonMobil Chemical, who retires in... Panreac Introduces Novel Lab Solvents
Panreac Quimica (Barcelona) says it has developed a new range of specialty solvents for use in laboratories in Spain and around the world. The solvents are designed for use in a range of Liquid Chromatography-Mass Spectrometry (LC-MS) applications... La Seda Secures Funds to Continue Work on Portugal PTA Project
La Seda de Barcelona says it has signed a €10-million loan agreement with banking company Caixa Geral (Lisbon) that will enable La Seda to continue work on a project to build a purified terephthalic acid (PTA) plant at Sines, Portugal. The... Chemicals Output Contracts in Spain
Production of chemicals will fall 8.3% in volume terms in Spain in 2009, compared with 2008, industry association Feique (Madrid) says. Chemicals output will increase 0.5% in Spain in 2010, Feique says. Feique announced the statistics at its recently held... More Stories » ITALY Maire Tecnimont Acquires Sofipart, Owner of Technip KTI
Engineering group Maire Tecnimont (Rome) has agreed to acquire the entire share capital of Sofipart S.r.l, a company that controls 76.1% of KTI Management, which, in turn, owns 75% of Technip KTI S.p.A, an international process engineering company based in... 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.... Polimeri Europa's Losses Mount Due to Prolonged Industry Weakness
Polimeri Europa (Milan), the petrochemicals business of energy group ENI (Rome), reported an adjusted operating loss of €104 million ($144.6 million) in the fourth quarter of 2009, a slight improvement on the €112 million loss the... Hexion Exits European Solvent-Based Coatings Market
The company says it will sell its business and production facility at Cola di Lazise, Italy to the Tenax Group.... Qatar Engineering Firm to Buy ENI Chlor-Alkali Plants?
Civil engineering and trading company Ramco Trading & Contracting Co. (Doha), currently in talks to buy ailing polyvinyl chloride (PVC) and vinyl chloride monomer (VCM) producer Vinyls Italia (Porto Marghera, Italy), has also entered into discussions with... More Stories » SWITZERLAND Ineos in Preliminary Partnership Discussions with Mideast Investors
Ineos is in preliminary discussions about the possibility of bringing in joint venture partners for, or selling, some of the company's assets, U.K. press reports say. The reports, quoting Tom Crotty, CEO at Ineos Olefins, say the company is in discussions... Lonza Forms Alliance and Acquires Stake in U.S. Drug Discovery Tech Firm
Lonza says it has signed an agreement with drug discovery technology company Odyssey Thera (San Ramon, CA) to make Odyssey Thera’s proprietary protein-fragment complementation assay (PCA) technology, and Odyssey Thera has granted to Lonza an option to... Siegfried Plunges to Loss Despite Rise in API Sales
Fine chemicals producer Siegfried (Zofingen, Switzerland) has recorded a loss of SF35.3 million ($32.8 million), on sales down 2.2% to SF283 million for full year 2009. The company recorded an Ebitda for the year of SF25.3 million, equivalent to 8.9% of... Lonza and Bayer Subsidiary Sign Cooperation Agreement for Microreactor Technology
Lonza and Ehrfeld Mikrotechnik BTS (EMB; Wendelsheim, Germany), a Bayer Technology Services company, say they have signed a worldwide manufacturing and distribution license agreement together with a cooperation and development agreement on the Lonza... Clariant Downsizes Swiss Site as Part of Major Capacity Restructuring
Capacity will also be cut at sites in Brazil and India.... More Stories » AUSTRIA Borealis Returns to Profit in the Fourth Quarter; Full-Year Results Drop
Borealis reported fourth-quarter 2009 net income of €13 million, compared to a loss of €122 million, on sales down 6%, to €1.3 billion. Operating profit was €11 million, compared to a €199-million loss. Higher profits were a... Lenzing Plans Worldwide Fiber Investment
Capacity will be increased in Europe and Asia.... Borealis Inaugurates Innovation Headquarters at Linz
Borealis inaugurated today its international innovation headquarters at Linz, Austria. The company invested some €50 million ($74.3 million) to build the HQ. About 350 Borealis empolyees from more than 30 countries, working in... Borealis's Profits and Sales Fall
But the second-quarter result was an improvement on the first quarter.... Borealis Posts a First-Quarter Net Loss and a Steep Fall in Sales
High-cost inventories also contributed to an operating loss.... More Stories »
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