Americas top stories - weekly summary

23 July 2012 15:15  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 20 July 2012.

(Please click on the link to read the full text.)

N America TiO2 pricing weakens on oversupply, weak demand
The wave of North American price hikes for titanium dioxide (TiO2) has begun to weaken after a run of more than five years, as the market is hit by lacklustre demand and oversupply.

Wall Street praises Georgia Gulf-PPG deal
The planned $2.1bn (€1.7bn) merger between Georgia Gulf and PPG Industries’ chlor-alkali business is a big win for both companies, investment bankers and analysts said.

PPG's commodity chems to merge with Georgia Gulf in $2.1bn deal
PPG Industries and Georgia Gulf have approved definitive agreements under which PPG will separate its commodity chemicals business and then merge it with Georgia Gulf in a deal valued at $2.1bn (€1.72bn), the US-based chemical firms said.

US Albermarle expects catalysts sales to recover after Q2 decline
Albemarle expects its catalysts sales to recover soon from a 14% year-on-year decline in the second quarter, the US-based specialty chemicals and catalysts firm said.

US lawmakers probe biofuels fraud, effect on industry
A rash of fraud cases has prompted US lawmakers to investigate how the US Environmental Protection Agency (EPA) handles fraudulent Renewable Identification Numbers (RINs) for biofuels and their market impact.

Celanese plans US methanol plant amid SCC supply dispute
Methanol supplier Southern Chemical Corp (SCC) wants to end its contract with Celanese, but the US acetyls producer wants to maintain the arrangement until it can build its own methanol plant, according to opening arguments made in a civil court case.

By: Staff Reporter
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