Company aligning manufacturing to meet future demand, producing cost savings of $250 million by 2010, well beyond its prior estimates for $100 million to $120 million.
Chemical company will lay off another 2,000 workers, saying it will realize about $225 million in annual savings by the end of 2010 in the cost-cutting move.
Government called hydrofluorocarbons widely used in refrigerators and air conditioners a ‘significant’ threat to climate change, but stopped short of endorsing a full ban on the gases.
Bill banning sale, manufacture or distribution of plastic containers made with Bisphenol-A has passed the Connecticut House and now moves to the Senate.
German chemical company reported first-quarter net profit fell 68 percent as sales sank and said it would cut at least 2,000 jobs this year.
Chemicals maker has entered an agreement to sell its polyvinyl alcohol business to Japan-based Sekisui Chemical Co. for about $173 million.
U.S. Chemical Safety Board says a fatal explosion at a West Virginia chemical plant last August occurred because safety lapses resulted in a runaway chemical reaction.
Congressional committee said Bayer CropScience withheld information from emergency responders after a deadly explosion at a West Virginia chemical plant last summer.
If approved, a new law would restrict making, selling or distributing products in Connecticut made with bisphenol-A, or BPA.
Federal government on Tuesday projected regular-grade gasoline to average $2.23 a gallon during the April through September driving season.
Federal officials want to fine a western Pennsylvania chemical company $121,500 for a toxic leak that forced 2,500 residents to evacuate in October.
An explosion at the SantoLubes chemical plant in St. Charles, Mo., has left one worker burned and the plant badly damaged.
After the International Energy Agency said it expects global crude demand to drop this year, oil prices fell $3.24 to $49 a barrel Monday.
Agency lowered its estimate for global oil demand in 2009 based on an 'unusually severe recession' in rich countries, and falling demand in developing countries.
German pharmaceutical and chemical company to curb pigment production in Germany, the U.S., Japan and China, and cut hours for about 500 domestic workers.
Having completed its $16.5 billion buyout of Rohm & Haas, Dow said it will sell Morton Salt to a German fertilizer maker in a deal worth $1.675 billion.
Deal will allow Dow to expand in the high-margin specialty chemicals market and move away from the commodities chemical market.
Exports plunged 21.7 percent to $11.9 billion in February, the steepest annual fall in at least 16 years, while imports shrank 23.3 percent to $16.8 billion.
Inflation in the 16 nations that use the euro hit a record low, growing just 0.6 percent from a year ago as oil prices slumped, the EU statistics agency said.
One official received jail time and 12 others were either sacked or given administrative punishments after a chemical company heavily polluted a river with arsenic.
German chemical company said that because order levels remain weak it will further reduce production, which so far has been slashed by over 25 percent.
Despite a 5 percent overall decline, the Environmental Protection Agency says more mercury, dioxin and polychlorinated biphenyls entered the environment.
Specialty chemicals and its U.S. operations have filed voluntary petitions for Chapter 11 after a recent drop in order volumes led to a sharp decline in its liquidity and cash flow.
Outspoken comments came a day after oil ministers of OPEC’s 12-nation crude producers' club decided to maintain current production levels.