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 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’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.
To save manufacturing space for its growing vaccines plans, Pfizer has said it will outsource production of some of its pharmaceutical portfolio. The work is planned to be shared out with a network of 200 contractors in the US and Europe.
Italian pharmaceuticals and diagnostics company Menarini is to buy US biopharma Stemline Therapeutics in a deal valued at up to $677 million.
LyondellBasell has been awarded a contract by Hyosung Vina Chemicals to supply its Spheripol PP technology for a new plant to be built in the Cai Mep industrial zone in Vung Tau province, Vietnam.
Acrylic-based products manufacturer Lucite International, part of the Mitsubishi Chemical Group, is working with Agilyx to define the most suitable chemical recycling infrastructure for polymethyl methacrylate (PMMA).
Belgium-based thermoplastics distributor Resinex has received the nod to handle Ascend Performance Materials’ polyamide 6.6 resin in major European countries and regions. Financial terms of the agreement were not disclosed.
As many as 9 to 11 people are believed to have died and hundreds more were hospitalized after a leak of styrene gas from an LG Polymers plant near the Indian city of Visakhapatnam in Andhra Pradesh state. The incident occurred in the early morning hours of May 7.
German pharma and laboratory equipment supplier Sartorius completed its $825 million purchase of certain life science businesses of Danaher Corps at the end of April.
French technology provider Axens has won a contract from China’s CNOOC Huizhou Petrochemical Co. Ltd. (CHPCL) for an aromatics expansion project in Daya Bay.
BASF has signed a new agreement for its headquarters site at Ludwigshafen, Germany, covering wages and working conditions for the 34,000 employees who work there.
Ineos will build two hand sanitizer plants in the US, adding to the facilities it has already constructed in the UK, Germany and France.
But while MEPS push the Green Deal, the German chemical industry association VCI stresses that economic and social factors should be given equal emphasis.
Swiss CDMO Bachem has signed an exclusive licensing agreement to use the liquid phase peptide manufacturing technology Molecular Hiving developed by Japan’s Jitsubo.
