It might be difficult to put shares of Sadara Chemicals in a public offering after US company Dow Chemical signed an agreement with Saudi Aramco to boost its interest to 50 percent. Dow owns a 35 percent stake in Sadara Chemical and said it had signed the agreement of $20 billion joint venture with Aramco.
Sadara is Chemical Company ofRead more
US chemical giant DuPont said Friday it will sell some of its pesticide business to FMC to clear the regulatory hurdles to the merger with Dow Chemical.
However, the companies pushed back the closing date of their mega-merger.
DuPont will divest part of its crop protection business to FMC to comply with a ruling by the European Commission earlier thisRead more
Royal Dutch Shell NA’s decision to build a major chemical plant in Pennsylvania boils down to a bet that North American shale gas in the next decade will remain cheaper than oil, the main petrochemical feedstock used in other regions. It’s a risk no one else has dared to take.
A barrel of Brent crude now costs about 20 timesRead more
Officials from ten US companies on Thursday wrote to the governor of Mississippi urging him to overturn a controversial law that opponents say discriminates against gay and transsexual people.
"Discrimination is wrong, and we believe it has no place in Mississippi or anywhere in our country," read the letter, signed by senior executives from General Electric, The Coca-Cola Company, DowRead more