The Internal Revenue Service has agreed that mineral spirits used in the production of paint, coatings and adhesives are not subject to the 24.4¢/gal. excise tax on kerosene.
EWorkplace Solutions, a business unit of Advanced Technology Center, and BatchMaster Software announced an agreement under which eWorkplace Solutions will acquire BatchMaster.
Lyondell Chemical completed the sale of its worldwide polyols business and an equity stake in its U.S. propylene oxide business to Bayer AG for $2.5 billion.