Tag: Dow Chemical

Dow Chemical, Olin in $5 billion cash-and-stock deal

Dow has been under pressure from the hedge fund Third Point LLC to split its specialty chemical and petrochemical businesses.  More »

Report: Chemical revenues slip but expansions expected to continue

North American chemical companies have seen their revenues slip with the plunging crude price, but they aren’t expected to abandon the billions worth of expansions they announced when profits were higher, a new report finds.  More »

World’s largest oil exporter said to seek $10 billion

The rapid decline in oil prices since June last year may encourage a wave of consolidation and acquisitions in the energy sector.  More »

Saudi-Dow Chemical moving forward on $20 billion plant

Saudi Arabia, the world’s largest crude exporter, started the petrochemical project in 2011 when oil averaged $111 a barrel.  More »

Dow Chemical to sell off even more assets

Dow Chemical executives on Wednesday announced plans to sell off even more assets in the next two years, continuing a push to streamline operations and pull back from products that no longer fit within the company’s business strategy.  More »

Westlake Chemical plans $330 million ethylene expansion

Construction will generate about 1,000 jobs at its peak, the company said.  More »

To solve worker shortage, Dow offers apprenticeships

Dow Chemical expects to hire 60 apprentices, who will receive two to four years of training and on-the-job experience to prepare them for work as chemical process operators, instrumentation and equipment technicians and analyzer technicians.  More »

Saudi Aramco a “force to be reckoned with” in chemical industry

Seven years after the state-owned oil company of the world’s leading crude producing country began its march into petrochemicals, Saudi Aramco now stands to become a key player in global chemicals production, according to a new study by Houston-based energy analysts IHS.  More »

Enterprise to build ethane export facility near Texas coast

Enterprise Products Partners is planning to build an ethane export facility along the Gulf Coast, capable of loading 240,000 barrels per day of liquefied gas onto tankers headed for international buyers.  More »

Dow says US shouldn’t bail out Europe with natural gas

HOUSTON — European leaders visited Washington this week, urging U.S. lawmakers to allow more natural gas exports overseas, arguing the maneuver would reduce their dependency on Russia as an energy provider. But the largest American chemical company had a simple response: tough luck.  More »

Hedge fund calls for Dow Chemical spin off

Hedge fund Third Point LLC said Tuesday that it has acquired a significant stake in Dow Chemical and wants the company to spin off its petrochemicals division.  More »

Dow Chemical looking to spin off, sell 40 plants

Dow Chemical is looking to spin off or sell about 40 manufacturing plants from its business as it continues to move away from cyclical commodity products.  More »

Dow Chemical earnings miss estimates after epoxy drop

CEO Andrew Liveris is expanding production of commodity chemicals and plastics with new factories in Saudi Arabia and the U.S. as he considers selling slower-growing units such as chlorine derivatives and epoxy.  More »

LNG export critics call on Energy Dept. for time out

With the Obama administration on Wednesday approving a fourth company’s plans to sell natural gas overseas, some lawmakers and manufacturers said it’s time for the federal government to reassess the economic risks of those export approvals.  More »

Industrial growth will add pressure to Texas power grid, analysts say

Industrial expansion on the Gulf Coast and Texas shale plays will continue to push up electricity demand on the grid, according to a report issued Monday.  More »
Page 1 of 3123