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White Tale Holdings sells Clariant stake after vetoing Huntsman merger

The largest shareholder of specialty chemicals producer Clariant has sold its stake in the business to Saudi Basic Industries Corporation (SABIC) just three months...

Clariant expands in Saudi Arabia with new production site

Speciality chemicals supplier Clariant has opened a masterbatch production site in Yanbu, Saudi Arabia, as it seeks too grow and increase profitability in the...

Strong third quarter from Borealis

Further investment related to growth projects and turnarounds has led to a €31million ($36m) reduction in third quarter net profit at Borealis. However, strong...

Clariant sales on the rise despite failed merger

Despite the backdrop of its recent failed merger with Huntsman, Clariant has posted a 10 per cent rise in sales for the first nine months of...

LyondellBasell plots $2bn Gulf Coast project

Houston-based LyondellBasell is planning to build a multi-billion-dollar chemicals and plastics plant along the Gulf Coast, which is likely to cost more than $2...

Clariant and Huntsman decide against merger

Contradictory to previous reports Clariant and Huntsman have decided to mutually terminate their proposed merger of equals. Despite the merger looking likely, the decision against...

Chemicals segment boosts BASF sales in third quarter

The BASF Group’s sales of €15.3 billion ($17.9bn) for the third quarter were a 9 per cent increase on the previous quarter, which the...

Short circuit leads to BASF recall

Chemical giant BASF has declared Force Majeure at its ecoflex plant in Ludwigshafen, Germany, after detecting a technical defect that has potentially compromised 1,500...

Indorama acquires specialty films producer

Chemical firm Indorama Ventures (IVL) is to acquire OPET producer DuPont Teijin Films (DTF) in order to diversify into further industry segments. DuPont Teijin Films is...
HurricaneHarvey

Harvey: Second-costliest US hurricane in a generation

Hurricane Harvey has been forecast to cost the economy between $60 billion and $100bn, making it the second-costliest US hurricane since 1980. Market analyst IHS...

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