Materials and Metals Chemicals

  • The EPA is considering similar requirements for chemical manufacturers, power generation companies and the petroleum refining and coal manufacturing industries. From 2010 to 2014, the EPA spent $1.1 billion on cleanup work at abandoned hardrock mining and processing sites across the U.S. Companies would face a combined $7.1 billion financial...

  • SAO PAULO, Dec 2- Brazil's petrochemical company Braskem SA said in a securities filing on Friday it was "in advanced talks" with authorities in Brazil and the United States related to a corruption investigation known as "Operation Carwash."

  • *Blackstone, KKR and Carlyle among bidders-Money Today. SEOUL, Dec 2- SK Holdings Co said it submitted a non-binding bid to buy South Korea's second-biggest producer of industrial gases that has been put up for sale by Goldman Sachs and others, in a deal a source said could be valued at around $2 billion. SK Holdings, a conglomerate holding company, made the...

  • *OPEC deal could have modest positive impact on state finances. DUBAI, Dec 1- Petrochemicals companies led Gulf stock markets higher on Thursday in response to OPEC's first agreement on output cuts to prop up oil prices since 2008-- a deal that could allow governments to ease austerity policies slightly. Saudi Arabia is to take the lion's share of cuts, lowering...

  • EPA's move comes after a key revision to the Toxic Substances Control Act that passed Congress earlier this year with broad bipartisan support. The list includes such common chemicals as asbestos and trichloroethylene that have for decades been known to cause cancer, yet EPA lacked the legal authority necessary to ban their use. Over the next three years EPA...

  • LONDON, Nov 29- Britain's new plastic five-pound notes, bearing the portrait of wartime Prime Minister Winston Churchill, have fallen foul of thousands of people who object to the use of animal fats in their manufacture. An online petition against the notes, started by campaigner Doug Maw, was signed by more than 13,000 supporters in less than 24 hours.

  • TOKYO, Nov 29- Japan's Idemitsu Kosan said on Tuesday its joint venture with Mitsui Chemicals would conduct work to expand the processing of propane at Idemitsu's naphtha cracker to take advantage of cheap liquefied petroleum gas prices. The upgrade will boost the cracker's capacity to process propane as feedstock by three or four times, said Hideki Gotoh,...

  • TOKYO, Nov 29- Japan's Idemitsu Kosan said on Tuesday its joint venture with Mitsui Chemicals would conduct work to expand the processing of propane at Idemitsu's naphtha cracker to take advantage of cheap liquefied petroleum gas prices. The upgrade will boost the cracker's capacity to process propane as feedstock by three or four times, said Hideki Gotoh,...

  • SEOUL, Nov 25- South Korea's Daesung Industrial Gases, nearly half-owned by Goldman Sachs, will be put up for auction with first-round bids due in early December- a deal reportedly worth about 1.5 trillion won. Newspaper Korea Economic Daily reported this month that the deal, in which 100 percent of the company will be sold, is likely to be worth around 1.5 trillion...

  • WINNIPEG, Manitoba, Nov 23- Canada may ban an insect-killing chemical used to protect crops because it harms aquatic bugs, including midges and mayflies, while the government continues to investigate whether imidacloprid poses a risk to bees. There is no such ban anywhere in North America yet, said Scott Kirby, director general of environmental assessment at...

  • WINNIPEG, Manitoba, Nov 23- A Canadian government agency recommends phasing out an insect-killing chemical used on farms to protect crops, saying that it also harms aquatic bugs, including midges and mayflies. The Pest Management Regulatory Agency said on Wednesday that imidacloprid, used on a variety of crops, should be phased out in three years, or five years...

  • Potash Corp is still completing a multiyear expansion of its Rocanville, Saskatchewan, mine. Potash Corp has long matched supply to demand, and that practice will continue, spokesman Randy Burton said. Potash Corp shares dipped 1 percent in New York.

  • The company said it would cut production at its Cory, Saskatchewan, mine to 0.8 million tonnes a year from 1.4 million, resulting in a reduction of 100 jobs and 40 temporary positions starting in February. Potash Corp is still completing a multiyear expansion of its Rocanville, Saskatchewan, mine. Potash Corp shares dipped 0.8 percent in New York.

  • WINNIPEG, Manitoba, Nov 23- Potash Corp of Saskatchewan Inc, the world's biggest fertilizer maker by capacity, said on Wednesday that it was reducing output at one Canadian mine and temporarily curtailing production at two others, as the sector struggles with weak prices.

  • SANTIAGO, Nov 22- Chile's SVS securities regulator said on Tuesday that the eventual buyer of Oro Blanco's stake in Pampa Calichera must make a public offer to shareholders in fertilizer company SQM if the acquisition allows the purchaser to control SQM's board. An indirect stake in Chile's SQM, one of the world's biggest lithium and iodine suppliers, has been...

  • ADDIS ABABA, Nov 19- Morocco's Office Cherifien des Phosphates, the world's largest phosphate exporter, signed a deal with Ethiopia on Saturday to build a $3.7 billion plant to produce fertilisers. The agreement signed with state-run Ethiopian firm Chemical Industries Corporation will enable the construction of a new plant in the town of Dire Dawa in eastern...

  • ADDIS ABABA, Nov 19- Morocco's Office Cherifien des Phosphates, the world's largest phosphate exporter, signed a deal with Ethiopia on Saturday to build a $3.7 billion plant to produce fertilizers. The agreement signed with state-run Ethiopian firm Chemical Industries Corporation will enable the construction of a new plant in the town of Dire Dawa in eastern...

  • A DuPont sign is shown at the company's world headquarters in Wilmington, Delaware.

    DuPont eliminated retirement health benefits, including dental and life insurance for all employees under the age of 50, reports USA Today.

  • Johnson Matthey: Expect performance to improve in H2

    From a currency point of view, in the short-term Brexit works for Johnson Matthey, however the future remains uncertain, says the chemicals firm’s CEO, Robert MacLeod.

  • Overall market environment remains challenging: PhosAgro

    Following its latest earnings release, PhosAgro CEO Andrey Guryev talks about the challenges the business faces and its outlook going forward.