IHS Chemical Week

Fitch: Chemical prices to rise in 2017

December 1, 2016 | Vincent Valk

Modest price increases in the energy sector are expected to result in higher prices for petrochemicals, plastics and other chemicals, according to a new report from Fitch Ratings (Chicago)....

Hungary bioethanol producer secures loan facility for expansion

November 24, 2016 | Francinia Protti-Alvarez

Pannonia Ethanol (Budapest, Hungary) has completed a €135-million credit facility agreement with a consortium of Hungarian banks. The loan will support an expansion of the company’s biorefinery at Dunaföldvár, Hungary, and reduce...

BioConsortia raises funds for research and field trials

November 7, 2016 | Rebecca Coons

Ag biologicals firm BioConsortia (Davis, California) says it has raised $12 million in funding in 2016 that it will use on research, field trials, and trait discovery. The company last week closed on an $8-million equity round financed by existing investors...

Arsenal Capital raises $1.3 billion fourth fund

October 13, 2016 | Vincent Valk

Private equity firm Arsenal Capital today announced it has raised $1.30 billion from investors for its fourth private equity fund. The fund will go towards acquiring companies and building on existing acquisitions. The new fund represents a 48.6% increase...

India's UPL raises $500 million through bond issuance

October 7, 2016 | Francinia Protti-Alvarez

Agricultural chemical company UPL Group's (Mumbai, India) wholly owned subsidiary UPL Corp. has raised $500 million through an overseas bond issuance, according to a company filing with the Bombay Stock Exchange. The proposed notes will be listed on the...

Reports: Marubeni agrees to provide finance for petchem projects in Iran

September 26, 2016 | Ian Young

Iran's ministry of petroleum has announced that Marubeni (Tokyo, Japan) has agreed with Persian Gulf Petrochemical Industries Co. (PGPIC; Tehran, Iran) to provide up to €320 million for the development of petrochemical projects in Iran, according to...

Evonik issues €1.9-billion bond to finance acquisition of Air Products' specialty and coating additives business

August 31, 2016 | Francinia Protti-Alvarez

Evonik Industries AG has issued €1.9 billion ($2.12 billion) of bonds and the proceeds will be used for the planned acquisition of Air Products' specialty and coating additives business, Evonik has announced. In addition to the proceeds from the bonds...

Australian firm restructures project financing for HPA plant in Malaysia

August 17, 2016 | Francinia Protti-Alvarez

Altech Chemicals Ltd. (Claremont, Australia) is restructuring the finance for a previously announced high-purity alumina (HPA) project in Malaysia, the company has announced. The restructuring will reduce the cost of debt required after debt for the project...

Saudi operator secures $133.2-million credit facility to purchase five chemical tankers

August 16, 2016 | Francinia Protti-Alvarez

National Chemical Carriers (Bahri Chemicals; Riyadh, Saudi Arabia), an 80-20 joint venture of The Saudi National Maritime Co. (Bahri; Riyadh) and SABIC, has secured a $133.2-million, Islamic-compliant credit facility for the purchase of five chemical tankers...

Carlyle Group exits Axalta

July 29, 2016 | Vincent Valk

Private equity firm The Carlyle Group (Washington, DC) is selling 41,621,996 shares of Axalta Coating Systems Ltd., in a share offer expected to close on 2 August. Axalta shares are currently trading at around $29/share. The company will not receive any...

Ashland completes $375-million offering of senior bonds

July 20, 2016 | Jing Chen

Ashland Inc. says that Valvoline has closed a previously announced offering of $375 million in senior bonds due 2024, as part of the planned spin-off of Valvoline Inc. The bonds are offered through Valvoline Finco, an indirect subsidiary established in...

IFC approves loan for fertilizer port terminal project in Nigeria

July 12, 2016 | Francinia Protti-Alvarez

International Finance Corp. (IFC; Washington, DC), part of the World Bank Group, has approved a $73.5-million loan for developing a multipurpose terminal at the Onne Port complex near Port Harcourt, Nigeria. The port terminal will enable the export of...

Ashland announces offering of $375 million senior bonds by Valvoline

July 12, 2016 | Jing Chen

Ashland Inc. said Tuesday that Valvoline is planning to offer $375 million of senior bonds due 2024 as part of the planned spin-off of Valvoline Inc. The bonds will be offered by Valvoline Finco, an indirect subsidiary set up in advance of the spin-off...

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