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Chemical

Dow Chemical Earnings Rise Sharply for Fourth Quarter

The Associated Press reports that Dow Chemical Co. reported sharply higher fourth-quarter profit with the industrial giant reporting strong sales across the globe. It said it earned $426 million, or
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Cargill Investing $210 Million in Brazilian Plant

According to the Associated Press, Cargill plans to build a corn processing plant in Brazil to produce starches and sweeteners, building on its investments in the South American country, which
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Huntsman Considers New Fertilizer Plant in France

The Associated Press reports, chemical manufacturer Huntsman Corp. has tentatively agreed to spend roughly 30 million euros (about $41 million) to build a new magnesium sulfate fertilizer-making plant at a
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SEC Settles Iraq, Indonesia Bribery Case With Ex-Innospec Chief

Bloomberg reports that the former chief executive officer of Innospec Inc., Paul W. Jennings, agreed to settle foreign bribery allegations brought by the U.S. Securities and Exchange Commission. Jennings agreed
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Cargill to Spin Off Its Majority Stake in Mosaic

Reuters reports, agribusiness giant Cargill Inc plans to spin off its $24 billion majority stake in Mosaic Co, a move that could eventually lead to a takeover of Mosaic,
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LyondellBasell Says Fire at La Porte Under Control

According to Bloomberg, LyondellBassell Industries NV said a fire at its La Porte, Texas, plant Monday was in a non-operating part of the facility and has been contained by staff.
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Ashland to Expand Virginia Facility with $39 Million Investment

According to the Associated Press, specialty chemical company Ashland Inc. is planning to invest $39 million to improve and expand its Hopewell, Va., facility. Gov. Bob McDonnell said the plan
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Dow Chemical Spent $1.15 Million on Third-Quarter Lobbying

According to the Associated Press, Dow Chemical Co. spent $1.15 million in the third quarter to lobby the government on issues ranging from trade to energy efficiency, according to a
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Eastman Chemical Elects Hershey Executive to Board

Eastman Chemical Co. has elected Hershey Co. executive Humberto Alfonso to its board of directors, according to the Associated Press. Alfonso, 53, is senior vice president and chief financial officer
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Dow Chemical Reports Power Interruption at Louisiana Plant

Bloomberg reports that Dow Chemical Co., the largest U.S. chemical maker, lost power at its St. Charles plant in Louisiana. No injuries were reported. Dow has a steam cracker, also
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