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.
Pfizer to Make Space for Vaccine Production
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.
Menarini to Buy Stemline Therapeutics for $677 Million
Italian pharmaceuticals and diagnostics company Menarini is to buy US biopharma Stemline Therapeutics in a deal valued at up to $677 million.
LyondellBasell Wins Vietnam PP Project
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.
Lucite and Agilyx Partner on PMMA
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).
Resinex to Distribute Ascend’s PA 6.6 in Europe
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.
At least Nine Dead in Indian Styrenics Plant Leak
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.
Sartorius Closes Danaher Acquisition
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.
