chemanager-online.com http://www.chemanager-online.com/enen/rss.xml en Ineos Seeks Grangemouth Power Revamp http://www.chemanager-online.com/en/news-opinions/headlines/ineos-seeks-grangemouth-power-revamp Ineos is seeking planning permission from the Falkirk Council – the governing body that has jurisdiction for Grangemouth – to build a new energy plant and pipe bridge near Bo’ness Road, a public highway that transverses its mammoth chemical complex. http://www.chemanager-online.com/en/news-opinions/headlines/ineos-seeks-grangemouth-power-revamp Fri, 19 Jan 2018 09:17:00 +0000 Hexion Sells Additives Technology to Münzing http://www.chemanager-online.com/en/news-opinions/headlines/hexion-sells-additives-technology-muenzing US resins producer Hexion (formerly Momentive Specialty Chemicals) has sold its additives technology group (ATG) to German specialty additive company Münzing Chemie for approximately $50 million. The business operated within Hexion’s forest products resins segment. http://www.chemanager-online.com/en/news-opinions/headlines/hexion-sells-additives-technology-muenzing Fri, 19 Jan 2018 05:09:00 +0000 Indorama and Huvis Form US Fiber JV http://www.chemanager-online.com/en/news-opinions/headlines/indorama-and-huvis-form-us-fiber-jv Thailand’s Indorama Ventures, the world’s biggest producer of PET, has agreed with South Korean fibers company Huvis to establish a 50:50 joint venture in the US. The jv will develop, build and operate a 60,000 t/y low melting fiber (LMF) plant. A location is currently in the process of being finalize. The plant is scheduled to be operational in 2019, subject to the closing of various agreements and regulatory approvals. http://www.chemanager-online.com/en/news-opinions/headlines/indorama-and-huvis-form-us-fiber-jv Thu, 18 Jan 2018 14:11:00 +0000 Six Countries Greenlight Tronox-Cristal Merger http://www.chemanager-online.com/en/news-opinions/headlines/six-countries-greenlight-tronox-cristal-merger With a stiff wind still blowing in its face from regulatory authorities in the two important markets EU and USA, titanium dioxide (TiO2) producer Tronox this week said it has now garnered approvals for its planned acquisition of competitor Cristal – a privately held global chemical and mining company headquartered in Jeddah, Saudi Arabia – from six countries, with no strings attached. http://www.chemanager-online.com/en/news-opinions/headlines/six-countries-greenlight-tronox-cristal-merger Thu, 18 Jan 2018 11:03:00 +0000 GSK said Eyeing Bid for Vectura http://www.chemanager-online.com/en/news-opinions/headlines/gsk-said-eyeing-bid-vectura GlaxoSmithKline (GSK), the UK’s largest drugmaker in terms of sales, is rumored to be preparing a bid for compatriot Vectura, an inhaled airways disease-focused player. The two companies already collaborate on respiratory therapies. http://www.chemanager-online.com/en/news-opinions/headlines/gsk-said-eyeing-bid-vectura Thu, 18 Jan 2018 08:00:00 +0000 ECHA Adds Substances to Candidate List http://www.chemanager-online.com/en/news-opinions/headlines/echa-adds-substances-candidate-list The European Chemicals Agency (ECHA) has added seven chemicals as substances of very high concern (SVHC) to the candidate list. Five of the SVHCs have been identified as carcinogenic, namely cadmium hydroxide, cadmium carbonate, cadmium nitrate, chrysene and benz[a]anthracene. The latter two chemicals are not intentionally produced but rather occur as a constituent or impurity in other substances. http://www.chemanager-online.com/en/news-opinions/headlines/echa-adds-substances-candidate-list Wed, 17 Jan 2018 14:39:00 +0000 Croda Buys Canadian Marine Biotech Firm http://www.chemanager-online.com/en/news-opinions/headlines/croda-buys-canadian-marine-biotech-firm UK specialty chemicals company Croda has acquired Nautilus Biosciences Canada, a marine biotechnology company based in Charlottetown, Prince Edward Island, Canada. Financial terms were not disclosed. http://www.chemanager-online.com/en/news-opinions/headlines/croda-buys-canadian-marine-biotech-firm Wed, 17 Jan 2018 12:32:00 +0000 Ineos Creates Six O&G Businesses http://www.chemanager-online.com/en/news-opinions/headlines/ineos-creates-six-og-businesses After making several acquisitions in both the onshore and offshore gas sector over the past two years, Ineos has reorganized and split the operations into six new oil and gas business units, and now regards itself as a “top-ten company in the North Sea and the biggest privately-owned exploration and production business operating in Northwest Europe.” Geir Tuft, CEO of Ineos Oil & Gas, said the new division of operations will allow for more effective management. http://www.chemanager-online.com/en/news-opinions/headlines/ineos-creates-six-og-businesses Wed, 17 Jan 2018 05:23:00 +0000 US Arcanum Plans More Butene-1 Plants http://www.chemanager-online.com/en/news-opinions/headlines/us-arcanum-plans-more-butene-1-plants US infrastructure group Arcanum is planning to add additional butene-1 plants to its flagship Raven facility, which is under construction in Baytown, Texas. Raven is being developed by German specialty chemicals group Evonik and Quanta Capital Solutions, an affiliate of First Infrastructure Capital, one of Arcanum’s principal financial sponsors. http://www.chemanager-online.com/en/news-opinions/headlines/us-arcanum-plans-more-butene-1-plants Tue, 16 Jan 2018 13:46:00 +0000 AkzoNobel in Talks to Sell Specialty Chemicals http://www.chemanager-online.com/en/news-opinions/headlines/akzonobel-talks-sell-specialty-chemicals AkzoNobel is negotiating with three or four potential buyers of its Specialty Chemicals division, according to media reports. Last month, shareholders approved the proposed separation of the €4.8 billion business allowing the Dutch paints group to pursue a dual strategy of either demerging the division or selling it outright. http://www.chemanager-online.com/en/news-opinions/headlines/akzonobel-talks-sell-specialty-chemicals Tue, 16 Jan 2018 05:40:00 +0000 Sibur Hikes PTA Capacity http://www.chemanager-online.com/en/news-opinions/headlines/sibur-hikes-pta-capacity Russian petrochemicals giant Sibur is expanding PTA capacity at the site of its PET subsidiary Polief in Blagoveschensk. The project, which is aimed at improving the site’s production efficiency and environmental safety, will boost output to 350,000 t/y when it is completed in 2019. The company will upgrade 11 existing facilities as well as install a gas catalytic oxidizer and revamp all gas emissions treatment systems in order to cut the site’s atmospheric emissions. http://www.chemanager-online.com/en/news-opinions/headlines/sibur-hikes-pta-capacity Mon, 15 Jan 2018 14:06:00 +0000 ENVI Rejects Full Ban on BPA in Food Packaging http://www.chemanager-online.com/en/news-opinions/headlines/envi-rejects-full-ban-bpa-food-packaging The European Parliament’s Environment, Food and Public Health committee (ENVI) by a vote of 42 to 17 (with one abstention) has rejected a proposal for a full ban on the use of bisphenol A (BPA) in food packaging. http://www.chemanager-online.com/en/news-opinions/headlines/envi-rejects-full-ban-bpa-food-packaging Mon, 15 Jan 2018 11:00:00 +0000 SIX Claims Clariant Breached Disclosure Rules http://www.chemanager-online.com/en/news-opinions/headlines/six-claims-clariant-breached-disclosure-rules Switzerland’s stock exchange SIX is investigating specialty chemicals producer Clariant on grounds it may have breached the market’s ad hoc disclosure requirements when launching its bid to acquire Huntsman in May 2017. http://www.chemanager-online.com/en/news-opinions/headlines/six-claims-clariant-breached-disclosure-rules Mon, 15 Jan 2018 05:53:00 +0000 Management Reshuffle at GlaxoSmithKline http://www.chemanager-online.com/en/news-opinions/headlines/management-reshuffle-glaxosmithkline A management reshuffle at the UK’s largest drugmaker, GlaxoSmithKline has caught the market’s attention, especially as it was carried through by closely watched CEO Emma Walmsley, who took over from Andrew Witty in spring 2017 as the first woman to run a major pharmaceutical company. Commentators said the shakeup was sorely needed to rejuvenate the company’s sagging pipeline and make its pharmaceuticals division more profitable. http://www.chemanager-online.com/en/news-opinions/headlines/management-reshuffle-glaxosmithkline Fri, 12 Jan 2018 12:58:00 +0000 Fufeng to Toll Manfacture Evonik’s L-threonine in China http://www.chemanager-online.com/en/news-opinions/headlines/fufeng-toll-manfacture-evonik-s-l-threonine-china German chemical producer Evonik has signed a toll manufacturing agreement with China’s Fufeng Group that will see Fufeng produce Evonik’s L-threonine amino acid in China, using the German group’s technology. http://www.chemanager-online.com/en/news-opinions/headlines/fufeng-toll-manfacture-evonik-s-l-threonine-china Fri, 12 Jan 2018 11:12:00 +0000 Kordsa Expands Polyester and PP Output http://www.chemanager-online.com/en/news-opinions/headlines/kordsa-expands-polyester-and-pp-output Turkish company Kordsa, a tire cord specialist, broke ground last month on its polyester expansion project in Izmit, Turkey. The additional 7,000 t/y of polyester yarn production is expected online some time during 2018 and is designed to meet growing demand in tire reinforcement. Kordsa said it reinforces one out of every three car tires and two out of every three aircraft tires manufactured worldwide. http://www.chemanager-online.com/en/news-opinions/headlines/kordsa-expands-polyester-and-pp-output Fri, 12 Jan 2018 06:09:00 +0000 Jacobs Wins PDH/Gene Therapy Contracts http://www.chemanager-online.com/en/news-opinions/headlines/jacobs-wins-pdhgene-therapy-contracts Jacobs Engineering has won a contract to complete a front-end engineering design (FEED) study for Borealis’ proposed propane dehydrogenation (PDH) unit in Belgium. The FEED phase is scheduled to complete by the middle of this year. http://www.chemanager-online.com/en/news-opinions/headlines/jacobs-wins-pdhgene-therapy-contracts Thu, 11 Jan 2018 14:53:00 +0000 Ineos to Challenge Scottish Shale Gas Ban http://www.chemanager-online.com/en/news-opinions/headlines/ineos-challenge-scottish-shale-gas-ban Ineos Shale, UK-based exploration and fracking arm of Swiss-based Ineos group, on Jan. 10 announced it planned to legally challenge Scotland’s permanent moratorium on fracking, as it warned when the decision was announced in October 2017. Ineos will argue that the effective ban is unlawful. http://www.chemanager-online.com/en/news-opinions/headlines/ineos-challenge-scottish-shale-gas-ban Thu, 11 Jan 2018 12:44:00 +0000 Bayer Divests More of Covestro http://www.chemanager-online.com/en/news-opinions/headlines/bayer-divests-more-covestro As it works toward unloading all of its shareholding in its former plastics subsidiary Covestro – the former Bayer MaterialScience – the Bayer group said it has begun an accelerated bookbuilding process for another sale of shares to institutional investors. The share placement was launched on Jan. 10 after the stock market closed. Credit Suisse and Goldman Sachs International acted as joint book-runners. As part of the placement, Bayer has agreed to a 90-day lock-up period. http://www.chemanager-online.com/en/news-opinions/headlines/bayer-divests-more-covestro Thu, 11 Jan 2018 05:39:00 +0000 EU Objects to Celanese/Blackstone JV http://www.chemanager-online.com/en/news-opinions/headlines/eu-objects-celaneseblackstone-jv Following an in-depth investigation, EU antitrust officials have issued a statement of objections to the proposed acetate tow joint venture between Celanese and Blackstone. http://www.chemanager-online.com/en/news-opinions/headlines/eu-objects-celaneseblackstone-jv Wed, 10 Jan 2018 13:50:00 +0000 US Health Secretary Pick Hammered on Price Gouging http://www.chemanager-online.com/en/news-opinions/headlines/us-health-secretary-pick-hammered-price-gouging Alex Azar, US President Donald’s Trump’s choice to head the Department of Health and Human Services (HHS), has faced from criticism from Democrats in the Senate Finance Committee for the sharp drug price rises he oversaw as president of US pharmaceutical producer Eli Lilly. http://www.chemanager-online.com/en/news-opinions/headlines/us-health-secretary-pick-hammered-price-gouging Wed, 10 Jan 2018 10:45:00 +0000 Air Products Buys Shell Gasification Business http://www.chemanager-online.com/en/news-opinions/headlines/air-products-buys-shell-gasification-business US industrial gases producer Air Products has announced it will buy Shell’s coal gasification technology business along with its patent portfolio for liquids (Residue) gasification. The oil and petrochemicals group has been at the forefront of the gasification market for more than 50 years. http://www.chemanager-online.com/en/news-opinions/headlines/air-products-buys-shell-gasification-business Wed, 10 Jan 2018 04:40:00 +0000 Petrobras Pays $2.95 Billion to Settle “Car Wash” Case http://www.chemanager-online.com/en/news-opinions/headlines/petrobras-pays-295-billion-settle-car-wash-case Brazil’s Petrobras has agreed to pay $2.95 billion to settle a class-action lawsuit in the US relating to the “car wash” scandal that erupted in 2014. The settlement is said to be the biggest such payout in the US by a foreign organization. http://www.chemanager-online.com/en/news-opinions/headlines/petrobras-pays-295-billion-settle-car-wash-case Tue, 09 Jan 2018 13:33:00 +0000 DCC Buys Tega from Linde http://www.chemanager-online.com/en/news-opinions/headlines/dcc-buys-tega-linde Irish sales, marketing and support services group DCC has agreed to buy Tega-Technische Gase und Gasetechnik, Linde’s German LPG and refrigerant gas distribution business. Financial details were not disclosed. http://www.chemanager-online.com/en/news-opinions/headlines/dcc-buys-tega-linde Mon, 08 Jan 2018 22:59:00 +0000 PPG to Acquire Dutch ProCoatings http://www.chemanager-online.com/en/news-opinions/headlines/ppg-acquire-dutch-procoatings Major US coatings group PPG has reached agreement to buy Dutch wholesaler ProCoatings for an undisclosed sum. The acquisition comes after PPG tried and failed three times last year to buy Dutch rival AkzoNobel. http://www.chemanager-online.com/en/news-opinions/headlines/ppg-acquire-dutch-procoatings Mon, 08 Jan 2018 12:36:00 +0000