Exports of chemicals from the U.S. rose 3.2% in June to $16.7 billion, while imports were down 2.4% to $16.4 billion, according to data from the latest Weekly Chemistry and Economic Report from the American Chemistry Council (Washington, D.C.; www.americanchemistry.com).…
Borealis AG (Vienna, Austria: www.borealisgroup.com) has announced the signing of an agreement with DuPont Holding Netherlands B.V. to purchase the company's 67% shareholding in Speciality Polymers Antwerp N.V. Speciality Polymers Antwerp N.V., located in Zwijndrecht (Antwerp, Belgium) is a joint…
Yara International ASA (Oslo, Norway; www.yara.com) has entered into an agreement to acquire a 60% stake in Galvani Indústria, Comércio e Serviços S/A, for an enterprise value of $318 million. Galvani is an independent, privately held fertilizer company, controlled by…
Genomatica (San Diego, Calif.; www.genomatica.com) has announced that major nylon intermediates — including hexamethylenediamine, caprolactam and adipic acid (HMD, CPL and ADA, respectively) — are the focus of its third publicly-disclosed development program. Genomatica is developing complete process technologies for…
Mexichem S.A.B. de C.V. (Tlalnepantla, Mexico; www.mexichem.com) has signed a definitive agreement to acquire polyvinyl chloride (PVC) specialist Vestolit GmbH (Marl, Germany; www.vestolit.de) from Strategic Value Partners LLC, acting on behalf of its managed funds and accounts. The acquisition of…
As part of its procurement policy for strategic raw materials, Arkema (Colombes, France; www.arkema.com) has reached an agreement for the supply of propylene with Enterprise Products Partners L.P., a leading U.S. midstream Energy Company. Taking advantage of the development of…
Ashland Inc.’s (Covington, Ky.; www.ashland.com) Ashland Specialty Ingredients commercial unit has announced that it plans to expand capacity at its Natrosol hydroxyethylcellulose (HEC) production facility in Nanjing by 4,000 metric tons (m.t.), or approximately 40%, over the next 18 months.…
Outotec Oyj (Espoo, Finland; www.outotec.com), a global minerals and metals processing service and technology provider, has openedf its Western U.S. office in Denver, Colorado. Outotec's Canada based North America Market Area president, Marcus Horn, oversees the facilities now located in…
Ashland Inc. (Covington, Ky.; www.ashland.com) finalized the sale of its water technologies business, Ashland Water Technologies. Going forward, Ashland Water Technologies will operate under the new name Solenis (Wilmington, Del.; www.solenis.com). The name change coincides with the acquisition of Ashland…
Hangzhou Hangding Nylon Tech. Co. and Uhde Inventa-Fischer GmbH (Berlin, Germany; www.uhde-inventa-fischer.com) have successfully commissioned a plant for the production of high-performance polyamide 6 for textile grade applications. The plant is located in the Economic Technical Development Area of Hangzhou…