22 February 2010 15:00 [Source: ICIS news]
HOUSTON (ICIS news)--Here are some of the top stories from ICIS news ?xml:namespace>
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Interview: US Huntsman to boost CAPX to $250-$275m in 2010
US-based chemical firm Huntsman will boost capital spending (CAPX) to $250m-$275m (€183m-€201m) in 2010, up sharply from 2009 levels, a company official said on Friday.
US producer Huntsman’s fourth quarter net income plummets to $66m
US producer Huntsman's net income for the fourth quarter of 2009 plummeted to $66m (€48.8m), from $598m for the same period in 2008 which included $815m in income related to Hexion’s terminated takeover of the company, it said on Friday.
Interview: Bio-succinic acid can beat petchems on price
US benzene buyers wary of spike in spot market
Terra Industries swings to $3.8m Q4 loss, sales drop 47%
Terra Industries posted a 2009 fourth-quarter net loss of $3.8m (€2.8m), versus a profit of $165.7m in the year-earlier period, largely because of $77.8m in special charges and a 47% decline in sales, the US fertilizer firm said on Thursday.
US Rockwood swings to $10.8m Q4 profit, sales rise 7.4%
US ethanol healthy but higher blends, tax breaks critical – RFA
The US ethanol industry is in a healthy state but must tackle some critical challenges in 2010, including raising gasoline blend levels and preserving tax incentives that are due to expire at year-end, the Renewable Fuels Association (RFA) said on Tuesday.
Update: Lyondell reaches $450m deal to settle creditor case
LyondellBasell on Tuesday announced that a $450m (€333m) settlement had been reached to satisfy a dispute with unsecured creditors, pushing the petrochemicals major closer to an emergence from US Chapter 11 bankruptcy protection.
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