Chemicals & Converting

BASF develops methanol process without greenhouse gas emissions

May 27, 2019

BASF announced today that it has developed a process for the production of methanol without any greenhouse gas emissions. It has applied for patents covering the technology. The company says that if the process can be successfully implemented at an industrial scale, the entire production..

Slowing automotive sector hurts chemical markets

May 24, 2019

Automotive sales are falling in all major regions of the world, with knock-on effects for chemicals demand in many value chains. Faltering economic growth in many countries and nervousness about the escalating US-China trade war are affecting sentiment everywhere, and especially in Asia and the..

Linear economic model no longer viable – European Commission DG

May 23, 2019

The linear economic model that has dominated industry and petrochemicals production up to this point is no longer viable, with an inevitable shift to a circular economy likely to drive a transformation in the chemicals industry, the European Commission’s director general for the environment said..

US agrees to remove tariffs on Canadian steel, aluminium

May 22, 2019

The US has agreed to remove tariffs on imports of Canadian aluminium and steel, the two governments said on Friday. The US imposed the tariffs under Section 232, which allows the country to do so if it deems that the imports threaten national security. In..

PPG to retain architectural and industrial coatings business

May 21, 2019

PPG Industries will maintain its current business portfolio following a strategic review taken after activist investor Trian Partners (New York) advocated that the company consider separating its architectural coatings business. The review, which included “separate and independent” assessments by investment banks Goldman Sachs and Morgan..

What to glean from Fluor’s promoting its General Counsel to CEO

May 20, 2019

Fluor has confirmed Carlos Hernandez as its CEO. He was previously named interim CEO in early May after the David Seaton resigned following disappointing Q1 results. As Fluor’s stock price is currently just under $30, down from $43 just prior to this latest announcement and..

APIC 2019 – Petchems producers cautiously optimistic as earnings decline

May 17, 2019

Asian petrochemicals producers and stakeholders have expressed cautious optimism at this year’s APIC conference now under way in Taipei, despite forecasts for lower earnings compared with last year. In their opening plenary addresses, chairmen of the seven APIC associations focused on issues affecting the region,..

Arkema acquires US specialty surfactants producer ArrMaz for $570 million

May 16, 2019

Arkema announced today that it is to acquire ArrMaz Products (Mulberry, Florida), a producer of specialty surfactants for crop nutrition, mining and infrastructure, from Golden Gate Capital for $570 million. ArrMaz has sales of some $290 million, an EBITDA margin of 18% and around 2.5%..

German chemical industry facing difficult year – VCI

May 16, 2019

German chemical association VCI on Wednesday said 2019 will be a difficult year, pointing to geopolitical problems, as it confirmed its downbeat forecast. Production in the chemical and pharmaceutical industries, which are important contributors to Germany’s gross domestic product, grew by 0.5% in the first..

Evonik reorganises its polyamide unit to focus on speciality materials

May 15, 2019

German speciality chemicals company Evonik has announced the reorganisation of its polyamide business to focus activities on speciality materials. Under the reorganisation process, the company will move out completely from the polyphthalamide (PPA) business at the Witten site. In addition, the company said that the..

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