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13 Sep 16 - Business Chemicals News

Chemicals operator turns to Aussie loan market
Chemical company Ixom and its Australian syndicated facilities have refinanced an existing term loan on the Australian loan market.

Accused of Sexual Harassment, Israel Chemicals' CEO Leaves Behind Troubled Company
Israel Chemicals CEO Stefan Borgas announced he was stepping down as CEO of Israel Chemicals, just as the company's board was due to discuss an internal investigation that concluded he had sexually harassed an employee. The board was expected to ...

Dow Chemical's Andrew Liveris slams low interest rates
One of Australia's most senior global business leaders, Dow Chemical boss Andrew Liveris, has blamed the ultra low interest rates of central banks for a surge in aggressive activist hedge funds pressuring public companies to deliver short-term returns.

The US has banned antibacterials in soap. Should we do the same?
A Dettol Australia spokeswoman said it was reviewing its use of triclocarban in its bar soaps in light of the US ban. None of Dettol's liquid products contains any of the banned chemicals after the company removed triclosan from its personal washes ...

Monsanto board considering Bayer offer of $129 a share, sources say
Bayer is trying to combine its crop chemicals business, the world's second-largest after Syngenta, with Monsanto's industry leading seeds business, the latest in a series of major consolidation moves in the agrochemical sector. U.S. chemicals giants ...

Sasol's Lake Charles chemicals complex hits 50 percent completion mark
South African energy giant Sasol said its Lake Charles chemicals complex is 50 percent complete, and the company remains confident that the project's "fundamental drivers" remain sound.

Sabic to divest Polymershapes business
... to sharpen our focus on businesses aimed at generating greater value for customers through unique or diversified offerings, Al-Benyan commented.

Sasol to splurge on capital projects in face of weak oil prices
SASOL, the international energy and chemicals group, will spend R135bn over the next two years on capital projects in Southern Africa and the US despite weak oil prices.

Fluor Completes Citral Facility for BASF PETRONAS Chemicals
IRVING, Texas & KUALA LUMPUR, Malaysia--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it has achieved mechanical completion on a citral facility and associated infrastructure for BASF PETRONAS Chemicals in Kuantan, ...

Chemicals Stocks on Investors' Radar -- Chemours, Albemarle, PPG Industries, and Green Plains
On September 01st, 2016, Chemours announced that it completed the sale of its Clean and Disinfect business - part of its Chemical Solutions segment - to LANXESS for approximately $230 million in cash on August 31st, 2016. CC complete research report is ...

Tata Chemicals to shut fertiliser plant for 5 weeks
Tata Chemicals on Monday said that the company's fertiliser plant at Haldia, West Bengal is likely to be closed for 5 weeks in February-March 2017 due to "interruption in the supply of ammonia".

The Business Case for Safer Chemicals Now
Earlier this summer, President Barack Obama signed a major overhaul of our nation's main law regulating toxic chemicals - the first such change in chemical regulations in 40 years. But many are left wondering if the new law is likely to have ...

FDA bans antibacterial soaps after manufacturers fail to prove they're safe or effective
WASHINGTON (AP) - The federal government is banning more than a dozen chemicals long-used in antibacterial soaps and washes, saying manufacturers have failed to show that they are safe and prevent the spread of germs.

Zuari Agro Chemicals declines after reverse turnaround in Q1
Zuari Agro Chemicals slumped 5.05% to Rs 175.70 at 11:51 Iston Bseafter the company reported net loss of Rs 40.05 crore in Q1 June 2016 compared with net profit of Rs 1.88 crore in Q1 June 2015.

Global Agro Chemicals Market Research and Analysis - Expected to Grow 5.6% by 2021 - Research and Markets
Fertilizers is the largest market of Agrochemicals. Nitrogen based growth fertilizers are high in demand and growing during the forecast period.

Making eyes across the ocean
Antitrust concerns also loom large: regulators would certainly be lobbied by farmers wary of rising input costs. Other chemical firms, such as BASF, another German company, are hoping for rich pickings on the assumption that regulators would eventually ...

Libya's stockpile of toxic chemicals removed
AMSTERDAM (Reuters) - Libya's remaining stockpile of toxic chemicals has been successfully transported abroad in an operation aimed at keeping them safe from militants, the world's chemical weapons watchdog said on Wednesday. The Organisation for ...

ACCC starts court action against e-cigarette seller over non-toxic claim
The Australian Competition and Consumer Commission has begun Federal Court action against an online e-cigarette retailer for allegedly making false or misleading claims that its products are free from toxic chemicals found in regular cigarettes.

Bengal govt to disinvest Durgapur Chemicals
... by Chief Minister Mamata Banerjeewill not be against workers. "She must have taken the decision to disinvest for the good of the workers," he added.

Dow CEO Andrew Liveris ponders life after retirement
One day last October, Dow Chemical Company's chairman and chief executive was in his office on the phone to a Dow director.

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