Petrochemical giant SABIC is halting plans to develop a $5.3 billion methanol complex in the energy-rich Caribbean nation of Trinidad and Tobago. Sabic has decided not to continue with negotiations for the planned complex after the 'relevant parties did not reach a deal on the fundamental conditions for this project.'
Royal Dutch Shell plc continues to expand its industry leadership in LNG, agreeing to acquire part of Repsol's LNG portfolio outside of North America, including supply positions in Peru and Trinidad & Tobago, for a cash consideration of $4.4 billion.The acquisition will add a new dynamic to Shell’s portfolio.
Rentech Inc plans to cease operations at, reduce staffing at, and mothball its R&D Product Demonstration Unit, and to eliminate all related R&D activities. The Company's strategy is focused on more immediate growth opportunities within the energy industry that do not rely on new technologies.
China will impose provisional anti-dumping duties on toluidine imported from the European Union. Chinese importers from the EU will be required to pay deposits customs ranging from 22.2 per cent to 36.9 per cent, depending on the dumping margin.
We may be exposed to bisphenol A (BPA) in our diet, even if our diet is organic and we prepare, cook, and store foods in non-plastic containers. Children may be most vulnerable. Associations have also shown fetal exposure to BPA and hyperactivity, anxiety, and depression.
Scientists are adding an application that could make the gunk left over from brewing coffee a valuable resource for production of dietary supplements. The new report concludes that used coffee grounds are a rich source of healthful antioxidant substances.
Hartwig Michels, currently President of BASF's global competence centre Procurement will become President of the Europe regional division as of 1 October 2013. He succeeds Jacques Delmoitiez who will retire effective 30 September 2013.
Sealed Air Corporation has elected Jerome A Peribere to the position of President and Chief Executive Officer as of 1 March 2013. Peribere joined Sealed Air in September 2012 as President and Chief Operating Officer as part of a succession planning process.