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Materials and Metals Chemicals

  • NORTHFIELD, Ill. _ Stepan Co. on Thursday reported fourth-quarter net income of $9.9 million. On a per-share basis, the Northfield, Illinois- based company said it had net income of 42 cents. Stepan Co. shares have declined 3 percent since the beginning of the year.

  • HOUSTON _ Kraton Performance Polymers Inc. on Tuesday reported fourth-quarter net income of $69.6 million, after reporting a loss in the same period a year earlier. The Houston- based company said it had profit of $2.17 per share. Kraton shares have risen almost 6 percent since the beginning of the year.

  • SAO PAULO, Feb 20- FS Bioenergia, a joint venture between Brazilian and U.S.-based investors, said on Tuesday it will build its second corn-based ethanol plant in Brazil's top grains-producing state of Mato Grosso. Last year, the companies opened their first plant, located in Lucas do Rio Verde, a top soy- and corn-producing part of Mato Grosso.

  • MINNEAPOLIS— The Latest on Minnesota's $5 billion lawsuit against 3 M Co. over the manufacturer's disposal of chemicals that contaminated groundwater:. 3 M Co. says it is settling a lawsuit by the state of Minnesota over chemical disposal without admitting a public health issue. 3 M Co. has agreed to pay the state of Minnesota $850 million to settle a case...

  • BERWYN, Pa. _ Trinseo SA on Monday reported fourth-quarter earnings of $117.7 million. For the current quarter ending in April, Trinseo expects its per-share earnings to range from $2.34 to $2.52. Trinseo shares have increased 12 percent since the beginning of the year.

  • *TOTAL SAYS SIGNED DEFINITIVE AGREEMENTS WITH BOREALIS AND NOVA CHEMICALS TO FORM A JOINT VENTURE IN PETROCHEMICALS ON THE U.S. GULF COAST. *TOTAL SAYS WILL OWN 50 PERCENT AND NOVEALIS HOLDINGS LLC, A JOINT VENTURE BETWEEN BOREALIS AND NOVA CHEMICALS, WILL OWN THE REMAINING 50 PERCENT. *THE AGREEMENT INCLUDES A NEW $1.7 BILLION ETHANE STEAM CRACKER THAT IS BEING...

  • Feb 16- General Electric Co is exploring a sale of its industrial gas engine business that could be worth as much as $2 billion, according to people familiar with the matter. The move comes after Chief Executive Officer John Flannery, who took over as CEO last summer, indicated to analysts and investors for the first time last month that he was open to breaking up the...

  • CHICAGO, Feb 16- An Arkansas judge on Friday dismissed a Monsanto Co lawsuit aiming to stop Arkansas from blocking the use of a controversial farm chemical the company makes, dealing a blow to its attempts to increase sales of genetically engineered seeds. In the ruling, Pulaski County Circuit Court Judge Chris Piazza cited a recent Arkansas Supreme Court...

  • HONOLULU— Critics are blasting the U.S. Environmental Protection Agency for dramatically lowering a fine on agribusiness company Syngenta for violations of pesticide regulations. Syngenta, under a settlement announced this week, will pay $150,000 for improperly using the pesticide chlorpyrifos at a seed corn field in Hawaii in 2016 and 2017.

  • Amazon agreed to closely monitor and remove illegal pesticide products from its website in an effort to "significantly reduce the number of illegal pesticides available through the online marketplace," the EPA said. The EPA alleged Amazon had sold and distributed imported insecticide and pesticide products that had not been licensed to be sold in the United...

  • The products were sold through a program in which sellers provided products to Amazon, which stored them at its warehouses and shipped them after they were purchased, Chad Schulze, an EPA pesticide enforcement team lead, said at a news conference in Seattle Thursday. "This settlement is a step in the right direction to protect the public health and the...

  • SEOUL, Feb 15- South Korea's crude oil imports from Iran fell 47 percent in January from a year ago to 950,013 tonnes, or 224,632 barrels per day, the lowest since October 2016, customs data showed on Thursday. The fall in South Korea's Iranian oil intake partly reflects the sinking last month of an Iranian tanker carrying 136,000 tonnes of condensate after a...

  • SAO PAULO, Feb 14- Brazilian conglomerate Odebrecht SA may sell part of its stake in petrochemical company Braskem SA or try to get credit from banks using its stake as collateral, Brazilian newspaper Valor Economico reported on Wednesday. Odebrecht needs cash to pay debt maturing this year, including 500 million reais in bonds, according to the paper, which...

  • TEL AVIV, Feb 14- Fertiliser and specialty chemicals maker Israel Chemicals is likely to appoint insurance boss Raviv Zoller as its new chief executive, Israeli media reported on Wednesday. Zoller is the preferred candidate of ICL Chairman Johanan Locker, who headed the selection committee for the appointment and is expected to recommend Zoller's candidacy...

  • Oil, Latin American markets not totally supportive in 2017, says Clariant CFO

    Patrick Jany discusses his company's latest earnings report.

  • ENGLEWOOD, Colo. _ Innospec Inc. on Tuesday reported a fourth-quarter loss of $4.8 million, after reporting a profit in the same period a year earlier. The Englewood, Colorado- based company said it had a loss of 20 cents per share. Innospec shares have decreased 5 percent since the beginning of the year.

  • RALEIGH, N.C.— North Carolina environmental regulators have ordered a chemical company to take further steps to reduce emissions of chemicals that have questionable health effects. The state Department of Environmental Quality issued a notice of violation Monday telling Chemours to take more actions to control emissions of GenX and other compounds at its...

  • BEIJING— China told importers of a U.S. industrial chemical to start posting deposits Tuesday in preparation for possible anti-dumping duties amid rising trade tension with Washington. A preliminary ruling by the Ministry of Commerce said styrene monomer from the United States, South Korea and Taiwan is being sold at prices 5 to 10.7 percent below the proper...

  • Feb 12- U.S. crop chemical maker FMC Corp's quarterly profit topped analysts' estimates on Monday, as income in the company's lithium business doubled on expansion in China and higher prices. Total revenue increased 42.3 percent to $979.6 million in the three months ended Dec. 31, largely benefiting from the acquisition of DuPont's crop protection unit.

  • MINNEAPOLIS— Tens of thousands of soybean and cotton farmers across the country are taking free but mandatory training in how to properly use a weed killer blamed for drifting and damaging crops in neighboring fields. The U.S. Environmental Protection Agency required the training and other restrictions last fall in a deal with three major agribusiness...