July 29- CVR Refining's 115,000- barrel-per-day refinery in Coffeyville, Kansas, was shut on Tuesday after a fire broke out at a unit that upgrades gasoline, injuring four employees.» Read More
*Seifi Ghasemi to replace John McGlade. June 18- Industrial gas producer Air Products& Chemicals Inc named Seifi Ghasemi chief executive, amid pressure from Bill Ackman to overhaul its management, sending its shares up 8 percent to a life-high.
June 18- Industrial gas producer Air Products& Chemicals Inc, under pressure from Bill Ackman to overhaul its management, said it has appointed Seifi Ghasemi chief executive. Air Products& Chemicals shares rose nearly 9 percent in premarket trading.
*CCI hires Singapore- based trader for naphtha- mkt sources. *Firm currently trades fuel oil, petchem from Singapore. SINGAPORE, June 17- U.S. company Castleton Commodities International LLC is expanding its oil product trading in Asia to include naphtha, market sources said.
June 12- Shares of Trinseo SA, a plastic and polymers maker backed by Bain Capital, rose as much as 9 percent in their market debut, valuing the company at up to $981 million. Trinseo raised about $190 million from the offering of 10 million shares, which were priced at $19 per share, at the high end of expected range of $17- $19 per share.
MUMBAI, June 9- India is considering a proposal to raise the price of urea, the fertilizer most used by its farmers, by at least 10 percent in order to contain huge subsidy costs that are straining the budget, government and industry officials told Reuters.
NEW YORK, June 3- American Securities LLC is in advanced talks to acquire specialty chemicals company Emerald Performance Materials LLC from private equity peer Sun Capital Partners Inc for more than $1 billion, people familiar with the matter said on Tuesday.
BURGHAUSEN, Germany/ GEISMAR, Louisiana, June 2- Nestled in the green hills of southern Germany, chemical giant Wacker Chemie churns out a wide range of products, from an ingredient for chewing gum to the polysilicon crystals in solar cells.
*To pay minority shareholders $14 in cash for each PetroLogistics unit. May 28- A Koch Industries Inc unit will take PetroLogistics LP private in a deal worth $2.1 billion, including debt, gaining control of a plant that can convert cheap U.S. shale gas into propylene, a key petrochemical used to make plastics.
May 28- Petrochemicals company Westlake Chemical Corp said it would buy Germany polyvinyl chloride maker Vinnolit Holdings GmbH and its subsidiary companies for 490 million euros from private-equity firm Advent International.
May 28- Propylene producer PetroLogistics LP said it would be taken private by a unit of Koch Industries Inc in a deal worth $2.1 billion, including debt. The unit, Flint Hills Resources LLC, will pay $14 in cash for each PetroLogistics unit to minority shareholders who own 27 percent of the company.
KHOBAR, Saudi Arabia, May 13- Saudi Basic Industries Corp expects its planned oil-to-chemicals plant to start operations by the end of 2020, it said on Tuesday.
May 9- U.S. chemical maker DuPont and its agricultural seed unit, Pioneer, acted in bad faith in a long-running legal battle with rival Monsanto Co, according to a federal appeals court ruling on Friday that affirmed sanctions against DuPont.
WASHINGTON, May 9- The U.S. Environmental Protection Agency said it wants to gather public comment on whether it should require chemical manufacturers to disclose the content of fluids used for oil and gas production, a possible step toward greater federal oversight of hydraulic fracturing, or fracking.
WASHINGTON, May 9- The U.S. Environmental Protection Agency on Friday issued a proposal to gather public comment on whether it should require chemical manufacturers to disclose the content of fluids used for oil and gas production, a move seen as a step toward greater federal oversight of hydraulic fracturing, or fracking.
*Japan to shut three naphtha crackers from 2014 to 2016. SINGAPORE/ TOKYO, May 9- A series of Japanese petrochemical plant closures starting this month will crimp demand for naphtha in the world's No.3 economy, dragging on regional markets for the plastic-making ingredient just as supplies are increasing.
May 6- U.S. fertilizer company Mosaic Co said on Tuesday it will eliminate more than 500 jobs in the next year as it reported a larger-than-expected 43 percent drop in quarterly profit.
May 6- U.S. fertilizer company Mosaic Co reported a larger-than-expected 43 percent drop in quarterly profit on Tuesday as prices of phosphate and potash dropped. Transportation problems in North America also dogged the industry during the winter, as frigid conditions froze rivers in the United States and backed up railways in western Canada.
May 2- Private equity firm Arsenal Capital Partners is considering a sale of its business that helps U.S. oil and chemical companies reclaim import taxes, a partner at the firm said. Charter, which has annual net revenue of about $65 million to $70 million, is the largest U.S. petroleum and chemical drawback services provider.
*Considers spending more than 1 bln eur on U.S. plant. FRANKFURT, May 2- BASF, the world's No.1 chemicals company by sales, said it could spend more than 1 billion euros to build a petrochemical plant in the United States, joining global peers attracted by cheap shale gas there.
LAUNCESTON, Australia, April 30- First it was oil refining and now it's petrochemicals getting a reality check in China. In recent months China has seen a slew of delays and cancellations to oil refinery and petrochemical projects, as the full impact of slower economic growth, pollution concerns and foreign competition hits home.