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Daily news and top headlines for manufacturing professionals

Louisiana Chemicals Industry To Cut More Jobs

July 28, 2009 5:30 am | News | Comments

Industry trade group says Louisiana’s chemical industry stands to lose 700 to 1,200 jobs by the end of 2010, continuing a 10-year trend of reduced employment.

EU Fines Chemical Cartel For Price Fixing

July 22, 2009 5:28 am | News | Comments

European Union regulators on Wednesday fined seven chemical companies $86.6 million for fixing the price of calcium carbide, a chemical used to make steel.

California: BPA Warnings Unnecessary

July 16, 2009 5:21 am | by Jason Dearen, Associated Press Writer | News | Comments

Regulatory board voted against placing chemical used to manufacture plastic baby bottles and toys on California's list of chemicals believed to cause reproductive harm.

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Exxon Makes $600 Million Investment In Biofuels

July 14, 2009 5:06 am | by John Porretto, AP Energy Writer | News | Comments

Despite record-breaking profits, oil and gas giant has been criticized by Congress and shareholders for not spending enough to explore alternative energy options.

IEA Expects Strong Rebound In Oil Demand

July 10, 2009 5:17 am | News | Comments

Demand will rebound 1.7 percent next year as recovery in developing countries helps counter two-year drop sparked by global recession, International Energy Agency said.

OPEC: Recession Crimps Demand For Oil

July 8, 2009 6:25 am | by George Jahn, Associated Press Writer | News | Comments

Demand for crude has fallen so sharply because of the world recession that it will take another four years to recover to 2008 levels, the 12-nation oil producers' organization predicted.

BASF Could Close Or Sell Off Ciba Sites

July 6, 2009 8:29 am | by George Frey, AP Business Writer | News | Comments

World's largest chemical company looking at selling or shuttering half of newly-acquired Ciba production sites and offices in a plan that would cost 3,700 jobs.

Dow Chemical Closing 3 Plants In Louisiana

July 1, 2009 11:10 am | by Ernest Scheyder, AP Energy Writer | News | Comments

Chemical maker will close three Louisiana plants as the company shifts away from basic chemicals and more toward the lucrative business of specialty chemicals.

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IEA Sees Oil Demand Rising Through 2014

June 29, 2009 4:57 am | by Greg Keller, AP Business Writer | News | Comments

World oil demand likely to grow by an average of 0.6 percent annually over the 2008-2014 period, International Energy Agency forecast Monday.

Ex-DuPont Workers In Argentina File Lawsuit

June 25, 2009 5:10 am | by Randall Chase, AP Business Writer | News | Comments

Three men who worked at a DuPont plant in Argentina sued the chemical manufacturer, claiming it failed to protect them from asbestos that left them seriously ill.

Huntsman Gets $1.7 Billion Bank Settlement

June 24, 2009 5:19 am | by John Porretto, AP Energy Writer | News | Comments

Chemical maker said two investment banks will pay a $1.7 billion settlement over its accusation they schemed to scuttle a $6.5 billion buyout of Huntsman last year.

German BASF Plant Leaks Chemical Into River

June 22, 2009 5:15 am | News | Comments

Chemical company says a breakdown at its headquarters in western Germany sent 10 tons of an industrial chemical spewing into the River Rhine.

Report: U.S. Natural Gas Reserves Jump 35 Percent

June 18, 2009 10:20 am | by Mark Williams, AP Energy Writer | News | Comments

Country’s estimated natural gas reserves are 35 percent higher than just two years ago and have reached the highest level in 44 years.

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EPA Sets Timeline For Dow Dioxin Cleanup

June 18, 2009 10:15 am | by John Flesher, AP Environmental Writer | News | Comments

Federal government hopes a long-delayed cleanup of dioxin contamination near a Dow Chemical Co. plant in Michigan will begin this fall.

Celanese Increases Prices On 4 Chemical Products

June 15, 2009 6:15 am | News | Comments

Chemical maker will raise the list and off-list selling prices for several of its products starting July 1.

Huntsman Wins Dye Patent Case

June 12, 2009 10:27 am | News | Comments

Court in India has ordered Kiri Dyes & Chemicals Ltd. to stop selling a black dye until it can determine whether the product infringes on a Huntsman patent.

IEA: Slump In Oil Demand Moderating

June 11, 2009 5:01 am | News | Comments

International Energy Agency says slump in global oil demand in 2009 will be slightly less severe than previously expected, its first upward revision to estimates in 10 months.

Crude Prices Spike Above $70

June 5, 2009 10:09 am | by Chris Kahn, AP Energy Writer | News | Comments

Oil prices spiked briefly above $70 per barrel on Friday for first time since October after U.S. Labor Department report showed pace of layoffs eased in May.

FDA Reconsidering Decision On Safety Of BPA

June 3, 2009 5:25 am | by Matthew Perrone, AP Business Writer | News | Comments

Food and Drug Administration is reviewing its conclusion from last year that a much-debated chemical used in baby bottles and food containers is safe for infants.

Dow Chemical Creates New Coating Unit

May 29, 2009 11:35 am | News | Comments

Company said it formed Dow Coating Materials, a new business unit focused on the coatings market, following its $16.5 billion buyout of Rohm & Haas Co. in April.

Crude Prices Hit 6-Month High, Back Above $66

May 29, 2009 6:05 am | by Carlo Piovano, Associated Press Writer | News | Comments

Oil extended gains above $66 a barrel Friday to reach fresh six-month high after U.S. reported a fall in oil inventories and further signs of economic improvement.

OPEC To Keep Output Steady

May 28, 2009 6:30 am | by Pablo Gorondi, Associated Press Writer | News | Comments

Oil ministers kept output targets unchanged in hopes a recovering world economy will raise prices through increased demand.

Crude Prices Jump Ahead Of OPEC Meeting

May 27, 2009 10:39 am | by Mark Williams, AP Energy Writer | News | Comments

Oil and gasoline prices pushed higher Wednesday on signs the longest recession since World War II may be easing and demand for energy could rebound.

Saudis See No Need For OPEC Cuts

May 27, 2009 5:07 am | by George Jahn, Associated Press Writer | News | Comments

As oil prices rose to six-month highs, Saudi Oil Minister suggested Wednesday that OPEC will opt to keep production steady at its upcoming meeting.

Sarkozy: Oil Markets Must Stabilize

May 26, 2009 7:38 am | by Brian Murphy, Associated Press Writer | News | Comments

French President wants to work with United Arab Emirates to help stabilize world oil prices, noting global economy can't afford major price swings in economic downturn.

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