The product portfolio will include Borchers’ rheology modifiers, wetting and dispersing additives, interface actives, and catalysts.
The transaction has been unanimously approved by the boards of directors of both companies and is anticipated to close in the first half of 2019, subject to the approval of both Univar and Nexeo shareholders, as well as receipt of regulatory approvals and satisfaction of other customary conditions.
Since 2014, BASF has invested € 24 million to completely overhaul an existing laboratory building for this purpose, which included adding an extra story.
Under the terms of the agreement, which has been unanimously approved by the Boards of Directors of Momentive, KCC, and Wonik, the investment committee of SJL and by requisite vote of Momentive’s stockholders, the Investor Group will assume Momentive’s net debt obligations subject to minimum closing cash requirements of $250 million.
Manufacture of those products will move to the company's plant at Itupeva, Brazil, which is currently being expanded, by the third quarter of 2019.
The Chemical Facility Anti-Terrorism Standards (CFATS) is an important program aimed at preventing chemicals from being stolen, diverted, sabotaged, or deliberately released by terrorist or other bad actors. DHS CFATS regulations were issued as a final rule in November 2007; however, DHS implements the CFATS program under a variety of short-term authorizations by Congress.
California DTSC Proposes Priority Product for Paint and Varnish Strippers and Graffiti Removers Containing NMP
Paint and varnish stripper products containing 1-methyl-2-pyrrolidone (NMP) are proposed as the fifth category of products to be regulated as a “Priority Product” under the California Safer Consumer Product Regulations.
ACA generally supports this proposal and encourages EPA to disclose pivotal regulatory science – the science used to support a significant regulatory action – but offered some suggestion for further clarification and practical enhancement.
The 2015-promulgated "Waters of the United States" rule gave the federal government jurisdiction over some of the smallest waterways in the country — including authority over smaller bodies of water EPA doesn’t already regulate.
Upon purchasing, SABIC will become Clariant’s largest strategic anchor shareholder, and second anchor shareholder beside the group of former shareholders of Süd-Chemie, the company reported.