Air Liquide expects final investment decisions for clean energy projects to slip as customers await clarification on policy, economics and regulations. chemweek.com/document/show/p…
Air Products $APD shareholders elected three board nominees of activist Mantle Ridge, prompting a likely shift in leadership. Air Products CEO Seifi Ghasemi and lead director Edward Monser lost bids for re-election. chemweek.com/document/show/p…
Honeywell will spin off advanced materials business to shareholders. 2024 revenue $3.8B with EBITDA margin greater than 25%. Segment includes fluorinated products/refrigerants, semiconductor materials, advanced fibers, pharma packaging. chemweek.com/document/show/p…
Abiquim: Brazil's petrochemical operating rates fall to lowest levels on record. chemweek.com/document/show/p…
DuPont $DD plans another three-way split (a la Corteva > Dow > DuPont) with the electronics and water business slated to become independent public companies in the next 18-24 months. chemweek.com/document/show/p…
The electronics and water businesses have pure play peers in their respective markets (Entegris; and Xylem and Veralto, respectively, were cited as 'selected peers') that command much higher earnings multiples than DuPont currently does.
LyondellBasell has launched a strategic review of the European assets of its olefins & polyolefins and intermediates & derivatives business units.
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ExxonMobil, Sabic announce permanent ethylene plant closures in Europe. chemweek.com/document/show/p…
Chemours review finds that executives delayed payments to vendors while expediting the collection of receivables in the fourth quarter of 2023 to meet cash flow targets that were part of a metric used to determine executive compensation. chemweek.com/document/show/p…
Chemours has placed its CEO, CFO and one other official on leave as it investigates practices related to ethics hotline complaints, management of working capital, and reporting of some non-GAAP metrics. $CC shares were 32% today on news. chemweek.com/document/show/p…
Sabic expects petrochemical markets to again be challenging in 2024 amid slow global demand and weak recovery in China. The company will also take steps to address the competitiveness of European assets, said CEO Abdulrahman al-Fageeh. chemweek.com/document/show/p…
PPG Industries considers sale, joint venture or spin-off of its architectural coatings business in the US and Canada. chemweek.com/document/show/p…
ACC urges White House to assess impact of regulation. chemweek.com/document/show/p…
DuPont slumps on weak preliminary earnings report chemweek.com/document/show/p…
Markus Kamieth to succeed Martin Brudermüller as BASF CEO in April 2024 chemweek.com/document/show/p…
Brenntag to disentangle its two divisions further, does not rule out eventual split chemweek.com/document/show/p…
Dow moves ahead with net-zero cracker in Canada, Investment will decarbonize 20% of Dow’s global ethylene capacity. chemweek.com/document/show/p…
