02.01.2012

Petronas In Talks With Oil Majors For Petchem Tie-Up

Petronas is in talks with several global oil majors including Shell and Exxon Mobil to develop petrochemical plants within its $20 billion refinery complex in southern Malaysia, two sources with direct knowledge of the matter said. more22.12.2011

Kexue Huang Gets Prison for U.S. Trade Secrets Theft

A U.S. judge on Wednesday sentenced a Chinese-born scientist to 87 months in prison for stealing millions of dollars' worth of trade secrets from two major American agribusiness companies and sending the data to China and Germany. more08.12.2011

M&A in the Chemical Industry

Megadeals - What trends are influencing deals in the chemical industry? There are several, according to the latest edition of PricewaterhouseCooper's (PwC)Chemical Compounds report, which analyzes M&A activity in the global chemical industry. The report finds that while the number of M&As dropped during Q3 2011, the proportion of megadeals (deals valued at $1 billion or more) increased.
more14.11.2011

Braskem Books Deep Loss on Currency Swing

Brazil's Braskem, the largest petrochemical company in the Americas, booked a steep third-quarter loss as Brazil's tumbling currency drove up the cost of its foreign debts. Braskem posted a net loss of 1.046 billion reais ($588 million) compared to a 532-million-real profit a year ago. more01.11.2011

Dow Chemical Profit Narrowly Misses Expectations

Dow Chemical narrowly missed Wall Street's quarterly profit expectations as cost increases and economic worries dented demand in Europe and North America. Dow raised prices during the third quarter to offset a $1.7 billion increase in raw material costs, a step that brought flat volume growth globally. The results Thursday show that for at least some of customers, the price hikes were too much. more10.10.2011

Saudi Aramco, Dow Sign JV Agreement For Sadara Chemical

Dow Chemical and Saudi Aramco have signed a joint venture shareholders agreement for Sadara Chemical Company. more01.10.2011

Dow Closes Sale of Global Polypropylene Business to Braskem

Dow Chemical said that it has closed the sale of its global Polypropylene business to Braskem. In addition to the deal, the two companies will continue to evaluate potential future collaborations on growth opportunities in connection to their strategies. more24.08.2011

Dow Chemical, Lehigh Collaborate on Tire Materials

Dow and Lehigh Technologies announced that they have partnered to conduct collaboration targeted at making tires more sustainable. Lehigh Technologies noted that Dow and Lehigh will combine proprietary technologies to modify the rubber particles. The program will combine Dow's expertise in polymer chemistry with Lehigh's expertise in sustainable rubber compound development and testing.   more01.08.2011

Dow Chemical To Pay $2.5 Million Fine To Settle Air, Water And Waste Violations

Dow Chemical has agreed to pay a $2.5 million civil penalty to settle alleged violations of the Clean Air Act, Clean Water Act and the Resource Conversation and Recovery Act at its chemical manufacturing and research complex in Midland, Michigan, the U.S. Department of Justice and the United States Environmental Protection Agency said Friday. more26.07.2011

Dow Chemical and Saudi Aramco Announce JV

Dow Chemical and Saudi Aramco have approved the formation of a joint venture to build and operate a world-scale, fully integrated chemicals complex in Jubail Industrial City, Saudi Arabia. more