>CHEMICALS & PETROCHEMICALS (CYGNUS)

INDUSTRY AT A GLANCE

MARKETING

• Celanese announces Global Vinyl Acetate Monomer Price Increases: USA
• The Dow Chemical Company launches New Dow Flooring Business: UAE

FINANCING

• Dow Chemical to sell US$935m in assets: USA
• Ashland raises senior note offering to US$650m: USA

OPERATIONS

• BASF to build new methylamines plant in Geismar, Louisiana: USA

GOVT. INITIATIVES AND REGULATIONS

• Bill banning plastic-hardening chemical passes: USA
• American Chemistry Council writes on ICCM2 commitments to Hillary Clinton: USA
• Business Europe says allowing firms to delay REACH fees payment could save €200m in near term
• HC directs wildlife body to decide chemical company’s plea on salt plant: India

RESEARCH AND DEVELOPMENT

• Chinese researchers measure brominated flame retardant content in toys
• IIP asked to conduct feasibility study on feedstock options for petrochemical industry: India

OTHER

• UN Official Challenges Chemical Industry: Global
• Paints industry to explore voluntary phase-out of lead paint production: Global
• Arizona Chemical announces closure of Port St. Joe, Fla., Plant: USA
• BASF earns Green Power Leader status in Tennessee: USA
• Chemical firms ordered to pay Modesto US$18.3m: USA
• CANADA: Perfluorinated chemicals used in food packaging detected in humans for first time
• Firm fined for chemical stink: China
• April profits of Chinese petrochemical firms rise nearly 45% on lower crude prices
• CRISIL revises rating outlook on Alkyl Amines and Chemicals to negative: India
• CRISIL assigns ‘AA’ and ‘P1+’ for Clariant Chemicals' bank facilities: India

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