News
Oxea Changes Name to OQ Chemicals
German petrochemical intermediates producer Oxea, based at Oberhausen, has changed its name to OQ Chemicals, marking its final integration into Oman’s new petrochemicals and energy giant OQ, headquartered in Muscat.
Azelis Buys Indonesia’s Primaditha
In another deal to boost its Asian footprint, Azelis has agreed to buy the distribution assets of Indonesia's PT Primaditha Jaya Mandiri.
Odfjell Sells Share in China Terminal
Odfjell Terminals (China), or OTC, part of Norwegian shipping and storage group Odfjell, has sold its 50% stake in its Dalian terminal in China to Dutch group VTTI Terminals for $59 million cash. The other 50% stake remains with the Port of Dalian. The move is part of Odfjell’s restructuring program.
Former GSK Vaccines Chief to Lead US Covid Sprint
Former head of GlaxoSmithKline's (GSK) vaccines division, Moncef Slaoui, has been named to lead the so-called "warp speed" effort to develop a coronavirus vaccine announced by US President Donald Trump at the beginning of May.
SABIC in Saudi Battery Joint Venture
SABIC’s Nusaned Investment unit has set up a joint venture with SCHMID Group to develop and manufacture vanadium redox flow batteries at Dammam 3rd Industrial City.
