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chemical Economy gas Smart Sand Top News U.S. 

Pullback in U.S. fracking sand use pressures producers

August 16, 2017 By Arathy S Nair and Nivedita Bhattacharjee (Reuters) – U.S. shale oil companies are pulling back on the amount of sand they use to hydraulically fracture new wells, responding to rising prices of the material that are driving up costs. Investors worry a slowdown in sand use, combined with new mining capacity coming online, could lead to a glut of the material and bring down prices. The worries have pressured shares of sand companies. Sand prices soared in the last year as oil companies ramped up shale…

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Business chemical GAF New York Times 

‘Two Davids’ tread in father-in-law’s footsteps in bid to halt Clariant deal

August 8, 2017 By John Miller ZURICH (Reuters) – Following a formula pioneered by their corporate raider father-in-law, two men are stirring up the chemicals sector with a push to halt Clariant’s $20 billion merger with Huntsman. Known as the “two Davids”, David Winter and David Millstone are married to Samuel Heyman’s daughters and manage the privately held, multi-billion-dollar business empire he established before he died in 2009. With investor Keith Meister, their 40 North fund is likely to have already made money on what is now a 10 percent…

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Apple chemical industry Korea Economic Daily Tech Top News 

LG Chem to provide Apple’s iPhone batteries next year: Korea Economic Daily

July 21, 2017 SEOUL (Reuters) – South Korea’s LG Chem Ltd is slated to exclusively provide batteries for Apple’s iPhone 9 which is likely to be launched next year, a Korean newspaper reported on Friday. LG Chem has invested hundreds of billions of won in a dedicated line for the purpose and will produce “L-shaped” batteries for next year’s iPhone, the Korea Economic Daily reported citing an unnamed chemical industry source. A spokesman for LG Chem said it does not respond to inquiries about client companies. Apple could not be…

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U.S. sanctions hundreds of employees of Syrian research center

April 24, 2017 WASHINGTON (Reuters) – The United States on Monday blacklisted 271 employees of a Syrian government agency it said was responsible for developing chemical weapons, weeks after a poison gas attack killed scores of people in a rebel-held province in Syria. The U.S. Treasury Department sanctioned 271 employees of Syria’s Scientific Studies and Research Center (SSRC), an agency that Washington says develops chemical weapons for the government of Bashar al-Assad, the Treasury said in a statement. Some of the people blacklisted had worked on Syria’s chemical weapons program…

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