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Materials and Metals Chemicals

  • NORTHFIELD, Ill. _ Stepan Co. on Tuesday reported first-quarter net income of $30.7 million. On a per-share basis, the Northfield, Illinois- based company said it had net income of $1.31. Stepan Co. shares have risen 13 percent since the beginning of the year.

  • AkzoNobel CEO Thierry Vanlancker says that the first quarter of 2018 has been "totally in line with our own expectations."

  • DONALDSONVILLE, La.— A company based in Taiwan plans to build a $9.4 billion chemical manufacturing complex on a 2,400- acre site in Louisiana, officials announced Monday. John Bel Edwards and Formosa Petrochemical Corp. Executive Vice President Keh-Yen Lin announced the plans for the plant in St. James Parish, between Baton Rouge and New Orleans.

  • *Doha Bank beats earning estimates. DUBAI, April 22- Middle Eastern stock markets mostly fell on Sunday, with Saudi Arabian petrochemical shares hit particularly hard, in response to a drop by global bourses at the end of last week. The Saudi index slipped 0.3 percent as Saudi Basic Industries, the biggest petrochemical firm, slid 0.6 percent and Sahara...

  • *Bayer agreed to share some technologies with Russia- RIA. FRANKFURT, April 20- Russia's antitrust regulator FAS has approved Bayer's planned takeover of Monsanto, the German drugs and crop chemicals maker said, as it enters the home stretch to closing the $62.5 billion deal. Russia was one of the few jurisdictions to be won over, after the European Commission last...

  • FRANKFURT, Germany— German pharmaceutical and chemical company Merck says it has agreed to sell its global consumer health business to Procter& Gamble for 3.4 billion euros in cash. The deal means Cincinnati- based Procter& Gamble, whose over-the-counter brands include Pepto-Bismol and NyQuil, acquires a business that saw 6 percent organic sales growth in...

  • MANILA, April 19- Nickel surged more than 9 percent on Thursday to its strongest level since late 2014 on fears U.S. sanctions on major Russian aluminium producer Rusal may be broadened and could hit key Russian nickel supplier Nornickel. The metal, used to make stainless steel, was up 7.3 percent at $16,395 by 0702 GMT. And pretty clearly the U.S. has Russia in its...

  • *China adds 16 new scrap products to banned import list. BEIJING/ SHANGHAI, April 19- China will ban the imports of 16 more scrap metal and chemical waste products from the end of this year, the environment ministry said on Thursday. China told the World Trade Organisation last year it would stop accepting imports of 24 types of foreign waste by the end of the year, and...

  • MACKINAW CITY, Mich.— In a story April 17 about a leak of insulation fluid from electric cables in the channel that connects Lake Huron and Lake Michigan, The Associated Press reported erroneously that the fluid contained benzene. The U.S. Coast Guard says it's still looking into what damaged underwater electric cables and oil pipelines in the channel that...

  • *Dana Gas buoyed by dividend hopes. DUBAI, April 15- Most Gulf stock markets rose on Sunday due to firm oil prices and relief that the weekend's military attack on Syria was relatively limited in scope and there was no immediate retaliation. The United States, France and Britain launched 105 missiles after a suspected poison gas attack in Syria a week earlier.

  • *India state refiners, Aramco sign MoU on refinery project. *Saudi Aramco also looking to invest in India retail fuel sector. Top executives of Aramco and India's Ratnagiri Refinery& Petrochemicals- a joint venture of Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum Corp- signed a memorandum of understanding to take equal stakes in the project in...

  • BEIJING, April 11- Sinopec Corp will shut down its largest refinery for maintenance throughout May, and at least four independent oil plants have started overhauls this month, curbing China's crude oil demand. The news comes after Sinopec, China's largest state refiner, announced big cuts in its Saudi oil imports. Sinopec's 460,000 barrels-per-day Zhenhai...

  • *India state refiners, Aramco sign MoU on refinery project. *Saudi Aramco also looking to invest in India retail fuel sector. Top executives of Saudi Aramco and India's Ratnagiri Refinery& Petrochemicals- a joint venture of Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum Corp- signed a memorandum of understanding to take equal stakes in the...

  • PETROCHEMICALS TO BE 30 PCT OF PLANNED 60 MLN TONNES PER YEAR OF CAPACITY AT PLANNED WEST COAST COMPLEXT- FALIH.

  • SABIC ALSO LOOKING AT INVESTING IN CRACKER, DOWNSTREAM PETCHEM UNITS IN INDIA TO MEET RAPIDLY RISING DEMAND- FALIH.

  • SAUDI ARAMCO, INDIAN STATE REFINERS SIGN MOU TO BUILD 60 MLN TONNES PER YEAR OIL REFINERY, PETCHEM PLANT ON WEST COAST.

  • ZURICH, April 10- Nestle wants to make all of its packaging recyclable or reusable by 2025, the Swiss food giant said on Tuesday, becoming the latest food company to vow to reduce plastic waste. UK supermarket chain Waitrose pledged on Tuesday to ban disposable coffee cups from its shops by this autumn. Environmental group Greenpeace said Nestle had missed...

  • PARIS, April 10- French oil and gas major Total on Tuesday signed a $5 billion deal with Saudi Aramco to build a giant petrochemical complex at their 440,000 barrels-per-day Jubail Satorp refinery. The memorandum of understanding was signed on the sidelines of a visit by Saudi Crown Prince Mohammed bin Salman in Paris. "The project will represent an investment...

  • April 9- The U.S. Justice Department will allow German drugs and pesticides group Bayer AG to acquire Monsanto Co in a $62.5 billion deal, after the companies agreed to sell more assets to win antitrust approval, the Wall Street Journal reported https://on.wsj.com/2GKhEGh on Monday. The Justice Department reached an agreement in principle with Bayer and...

  • April 9- German drug and crop chemicals maker Bayer's $62.5 billion bid to acquire U.S. seeds company Monsanto Co has won approval from the U.S. Justice Department, the Wall Street Journal reported https://on.wsj.com/2GKhEGh on Monday, citing people familiar with the matter. The Department of Justice declined to comment. A spokesman for Bayer was not...