Materials and Metals Chemicals

  • FRESNO, Calif.— California is moving to ban farmers from spraying pesticides into the air near schools and day care centers under a newly proposed rule that will be among the nation's toughest, regulators told The Associated Press on Thursday. Crop dusters flying over fields, air-blasters spraying orchards and fumigants that risk blowing onto campuses will no...

  • LONDON/ BRUSSELS, Sept 29- Europe's food safety watchdog will release data from some of the scientific studies it reviewed in its assessment of glyphosate, an ingredient in Monsanto's widely used herbicide Roundup and subject of a fierce row over possible cancer risk. Glyphosate, which is used in Roundup as well as other companies' weed-killers, is at the heart of...

  • The future for Novozymes

    Peder Holk Nielsen, CEO of Novozymes, discusses how the company is performing and from where growth will come.

  • Deutsche Bank AG, down 90 cents to $11.85. Pfizer Inc., down 62 cents to $33.64. Germany's Lanxess agreed to buy the specialty chemicals maker in a deal the two companies valued at $2.5 billion.

  • ALBANY, N.Y.— Residents have filed a lawsuit against a plastics manufacturer in a New York village, claiming it knowingly polluted well water with a toxic chemical used in Teflon coatings. The New York City law firm Weitz& Luxenberg filed the lawsuit, which seeks class-action status, on Monday on behalf of the four residents in Rensselaer County.

  • CHICAGO, Sept 26- The U.S. Justice Department is looking into concerns that global consolidation among major seed and agricultural chemical companies may squeeze supplies of the building blocks for widely used genetically modified seeds, a farm group told Reuters. The department has asked the American Soybean Association for details about how small and...

  • NEW YORK— Chemtura's stock is up more than 17 percent in premarket trading after the specialty chemicals company agreed to a $2.5 billion acquisition offer from Germany's Lanxess. Chemtura shareholders will receive $33.50 per share in cash for each share they own. Lanxess Chairman and CEO Matthias Zachert said that the acquisition diversifies its business...

  • Sept 23- Green Plains Inc, one of the largest U.S. ethanol producers, on Friday said that China's decision to slap anti-dumping duties on U.S. distillers dried grains won't hurt business. "We still expect China to take volumes," Todd Becker, president and chief executive officer said in an emailed statement. China's Ministry of Commerce made its preliminary ruling...

  • SANTIAGO, Sept 21- Chilean fertilizer and chemical producer SQM will invest around $30 million by the end of 2017 to increase its annual lithium hydroxide production capacity by 7,500 tonnes, the company said in a press release on Wednesday. Lithium hydroxide is used mainly in the production of heavy-duty lubricants, though SQM CEO Patricio de Solminihac said...

  • FRESNO, Calif.— Chemical manufacturing giant Dow fails to warn people in farming communities throughout California when a potentially dangerous pesticide is applied to nearby fields, health advocates claimed in a lawsuit filed Tuesday. Telone is among the most commonly used pesticides in California— applied to strawberry fields, almond orchards, vineyards...

  • WASHINGTON, Sept 20- U.S. lawmakers expressed concern on Tuesday over a wave of mergers among companies that sell farmers their seeds, herbicides and insecticides, worrying that the deals could lead to higher prices and less innovation at a time of dropping farm incomes. Senator Richard Blumenthal, a Democrat from Connecticut, said the proposed mergers of Dow...

  • WASHINGTON— Top officials for Monsanto and Bayer defended their proposed $66 billion merger before skeptical senators on Tuesday, insisting that the deal would lead to greater investments in technology that could help American farmers. Monsanto, the American seed and weed-killer, and Bayer, the German medicine and farm-chemical maker, responded to...

  • CNBC's Geoff Cutmore speaks to Phosagro CEO Andrey Guryev, who views the recent Bayer/Monstanto deal as a positive for the agrochemical industry.

  • CHICAGO, Sept 16- Glyphosate, the key ingredient in Monsanto Co's Roundup herbicide, is not likely carcinogenic to humans, the U.S. Environmental Protection Agency said on Friday as it outlined its current position on the controversial chemical. The EPA has been involved in a decades-long process to assess human and animal health risks, as well as ecological...

  • CHICAGO, Sept 16- The U.S. Environmental Protection Agency on Friday said its current position on glyphosate, the key ingredient in Monsanto Co's Roundup herbicide, is that the chemical is not likely carcinogenic to humans. The agency's "proposed" position on the controversial chemical was outlined in a 227- page paper it published on the regulations.gov...

  • *Rationale is to develop new product combinations. FRANKFURT, Sept 16- Bayer's $66 billion purchase of Monsanto amounts to a long-term bet that farmers will grow to trust combinations of seeds and pesticides rather than continue to pick from ranges of separate products. I was offered one deal of that and I turned it down because it locked me into one supplier, "said...

  • WINNIPEG, Sept 15- Canada's Agrium Inc will woo reluctant shareholders next week in Toronto to support its proposed merger with Potash Corp of Saskatchewan Inc, and seek to appease concerns that it has little to gain by marrying its fertilizer rival. Shareholders, including Montrusco, plan to meet with Agrium on Tuesday in Toronto. Agrium stock fell 6 percent in...

  • REDWOOD CITY, Calif., Sept 15- Carbon, a Silicon Valley startup that is developing 3 D printers to produce medical devices and car parts on demand, said on Thursday it had closed on $81 million in funding that brought the total it has raised to $222 million. Founded in 2013, Carbon said the funding round was led by automaker BMW Group, industrial conglomerate General...

  • FRANKFURT/ LONDON, Sept 14- At least three leading chemical companies are set to vie for BP's stake in Chinese petrochemicals joint venture SECCO which could fetch more than $2 billion, sources close to the process said. Offers for the 50 percent stake, the British oil and gas company's largest investment in China, will be submitted in the coming days, the sources...

  • NEW YORK/ FRANKFURT, Sept 14- German drug and crop chemical maker Bayer clinched a $66 billion takeover of U.S. seeds company Monsanto on Wednesday, ending months of wrangling with a third sweetened offer that marks the largest all-cash deal on record. "Bayer's competitors are merging, so not doing this deal would mean having a competitive disadvantage," said fund...