Americas top stories: weekly summary
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 3 December.
Activist investor urges
US Berry to consider sale
Activist investor Ancora Holdings Group is urging packaging producer Berry Global Group to consider going private or selling itself because its shares are lagging its peers and the larger stock market.
Lanzatech scales up
US biotechnology company Lanzatech – overall winner of this year’s ICIS Innovation Awards – is scaling up quickly to commercialise its microbial greenhouse gas-to-ethanol technology which has potential applications across the chemical industry.
Dow expects strong PE demand to continue in
Dow expects demand for polyethylene (PE) will remain strong in 2022 because the global economy will continue expanding at levels not seen in more than a decade, the CFO of the US-based producer said on Wednesday.
Canadian province targets
renewable fuels role with refinery
The planned conversion of the 130,000 bbl/day Come By Chance refinery in Newfoundland and Labrador positions the eastern Canadian province as a key supplier of renewable fuels while supporting its transition to a green economy.
Global chemical sentiment
bearish on Omicron spread
Global chemical sentiment has become bearish amid the rise of the Omicron variant of the coronavirus, with buyers sidelined at a time of uncertainty and as several countries imposed travel restrictions and temporary border closures.