Tag Archives | Dow

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Lack of info in Dow Styron sale to Bain shows confidence returning to m&a

A source close to the purchase of US Dow’s Styron business unit by private equity group, Bain Capital, tells me that there was not a huge amount of detail available to potential purchasers in the run up to the sale. The fact that Bain Capital went ahead with the purchase, despite this lack of detail, shows just how much confidence […]

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Wilton rescue a step closer, Dow plant probably still to close

At last it seems like the folks in charge at Wilton and those in high places at a national level may have generated a rescue plan with some teeth. But is it too little, too late, for the Dow ethylene oxide (EO), ethylene glycol (EG) plant up there?Individual segments of a ten point plane have […]

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Dow confirms closure plan

US group Dow Chemical has insisted it is pressing ahead with plans to close the site in January. According to nebusiness.co.uk, a consultation period has come to an end and 55 jobs are at risk.The news seems to confirm what Stan Higgins at NEPIC (North East Process Industry Cluster) and the UK government told me […]

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Mystery of Third Coast Chemicals’ Wilton rescue plan

On Sunday ICIS reported that US-based Third Coast Chemicals was negotiating a takeover of the Dow Chemical ethylene oxide/ethylene glycol (EO/EG) site at Wilton, UK, scheduled for closure in January 2010.We’d got confirmation of a Sunday Times report from Martin Staley, EMEA vice president for Third Coast who told ICIS: “We’re working with the North […]

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Wilton rescue for Dow EO/EG plant by Third Coast Chemical

The Sunday Times reported yesterday that US producer Third Coast Chemicals is in talks to take over the Dow ethylene oxide and ethylene glycol facility at Wilton.This would be excellent news for Wilton and the UK chemical industry in general.The Dow plant was the UK’s only producer of EO/EG and it is dangerous to transport. […]

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Russians beat Americans in European oil deal

Russian oil and chemical group Lukoil has stymied the US’ largest oil processing group Valero’s attempt to increase its presence in Europe, according to the Tehran Times, quoting Reuters. Lukoil acquired a 45% stake in a Dutch refining venture Vlissingen refinery from France’s Total for $725 m. It can process about 190,000 barrels a day. […]

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