Complementing a deal recently signed with Germany’s Messer industrial gases group for a carbon dioxide recovery plant in Austria, BASF has announced that a new flue gas recovery technology based on its OASE blue process will be used by a new joint venture of industrial gases and engineering group Linde and cement producer Heidelberg Materials.
IMCD has agreed to buy Malaysian specialty distribution company Euro Chemo-Pharma and its wholly owned subsidiary Biofresh Green, accelerating its growth in life science markets. Financial terms of the transaction, which is expected to close in the fourth quarter of 2023, were not disclosed.
Norway’s Yara has announced plans to build a new plant for specialty crop protection products and biostimulants at an existing site in York, UK.
Germany and Canada have teamed up to create what they tout as a “secure and reliable” transatlantic supply chain for green hydrogen.
UK specialty chemicals company Croda has signed partnership agreements with US companies Amyris and Botanical Solutions Inc (BSI) to source sustainable vaccine adjuvants.
The administration of US president Joe Biden is said to be wrangling with the Republican opposition in Congress to preserve funding for key components of the federal coronavirus response as the two sides fight over raising the debt ceiling to avert a government shutdown.
Reacting to a US Federal Trade Commission (FTC) restraining order, Amgen said it won’t close its $28 billion deal for Horizon until the courts have ruled. The FTC says the buy would allow Amgen to pressure insurers and pharmacy benefit managers into accepting higher prices.
Johnson Matthey has signed a three-year supply deal with Hystar to ramp up green hydrogen production. The UK technology group will supply membrane electrode assemblies, which are key performance-defining components for electrolyzers, as part of Hystar’s HyPilot project in Norway.
Arkema is acquiring Polytec PT, a German company specializing in developing and manufacturing specialty adhesives and thermal interface materials for the electronic, electrical and automotive industries. The transaction is expected to close during Q2 2023.
In what it calls another major step toward implementing its sustainability strategy, Germany’s Merck has signed a 16-year, off-site, virtual power purchase agreement (VPPA) with Recurrent Energy for its Liberty County Solar project northeast of Houston Texas, in the US.
Venator, the Huntsman spinoff that holds the family-owned business’s former titanium dioxide activities, has filed for protection from creditors under the US Chapter 11 bankruptcy code.
Dutch multinational storage operator Vopak has agreed to sell its terminal in Savannah, Georgia, USA, to BWC Terminals, a US bulk liquids storage company, for $106 million The Savannah facility mostly stores specialty chemicals, vegetable oils and asphalt.
From agrochemicals to textiles: the broad range of use of surfactants will be at the center of interest of the 11th World Surfactants Congress, CESIO 2019 in Munich
Globally positioned US analytical instruments and software manufacturer for the life science industry Massachusetts-based Waters Corporation has completed the acquisition of California-based Wyatt Technology, a specialist in innovative light scattering and field-flow fractionation instruments, software, accessories, and services.
German hydrogen technology company Graforce and Australian multinational engineering contractor Worley are collaborating to scale methane electrolysis (plasmalysis) in Australia, China and Asia-Pacific.
Azelis has agreed to buy Gillco Ingredients, a leading US distributor of specialty ingredients for the food & nutrition market. Headquartered in San Marcos, California, Gillco has 40 employees, supplying nearly 1,000 customers.
Interview with Florian Hildebrand, Greenlyte Carbon Technologies
Interview with John Papastylianou, Cyzag
Calling the deal announced late last year an alarming sign for biopharma, the US Federal Trade Commission (FTC) is seeking to block the closing of Amgen’s proposed $28 billion acquisition of Horizon Therapeutics with a temporary restraining order and preliminary injunction.
In an as yet unusual move for a chemical producer, Dow plans to build what it said is a “first set” of small modular nuclear reactors at its Seadrift, Texas, site south of Houston, in partnership with Maryland-based nuclear developer X-Energy Reactor Co.
US private equity group Apollo Management Holdings has walked away from a potential deal with Wood Group after more than four months of pursuing the British multinational engineering and consulting business.
Johnson Matthey (JM) looks back at a legacy of 200+ years. Established in 1817, the London, England-based chemical company reported annual revenues of about €18 billion in 2022. JM has built a global presence with operations in more than 30 countries. The company’s strategy is based on the vision for a cleaner, healthier world and mirrors society’s need to create a more sustainable future. JM has set out to catalyze the net zero transition by delivering sustainable solutions to customers enabled by innovative technology and leading positions in JM’s key markets automotive, chemicals, and energy. To get a better understanding of the role JM’s technological developments play for a sustainable future, Michael Reubold spoke with Maurits van Tol, the company’s Chief Technology Officer.
Biopharma companies are facing funding challenges in 2023 as interest rates rise and investors are becoming more risk adverse. There is hope on the horizon, say some analysts, while others project a prolonged slump due to inflation and global instability. Established pharmaceutical companies are often seen as safer investments, with larger developers expected to perform well in 2023, especially if litigation threats against drugs like Zantac disappear. However, concerns about revenue gaps continue for big companies like GSK and Sanofi, and their strategy and leadership will be closely monitored in the coming months.
The market value of US vaccine maker Novavax is gaining momentum again on the back of promising data the company recently provided on its combined Covid and flu vaccine data.
Bayer and UK biotech Bicycle Therapeutics have agreed to collaborate to develop and commercialize the latter’s radioconjugates for multiple oncology targets.
Alujain National Industrial has chosen Lummus Technology’s Catofin propane dehydrogenation (PDH) process for a new propylene plant to be built in Yanbu, Saudi Arabia. The contract marks the first time that Alujain will license Lummus’ PDH technology at the site.
India-based start-up Ashaya focuses on increasing the value of waste and turns this waste into high-quality materials and products that are more recyclable.
US adhesives major H.B. Fuller has acquired Beardow Adams, a UK-based family-owned industrial adhesives manufacturer with capacities in Europe and the US, with a global distribution network and customers in more than 70 countries. Neither terms nor the cost of the purchase have been disclosed.
German family-owned industrial gases producer Messer has announced plans to build a carbon dioxide recovery plant at an undisclosed location in Austria, leveraging in part technology from compatriot BASF.
Swedish Orphan Biovitrum (Sobi) has agreed a merger with CTI BioPharma, a US biopharmaceutical company focused on blood-related cancers and rare diseases. Through a wholly owned, indirect subsidiary, Sobi plans to commence a cash tender offer that values CTI at $1.7 billion.
Japan’s Fujifilm has agreed to acquire Entegris’ electronic chemicals business for $700 million. The transaction is expected to close by the end of 2023, subject to regulatory approval and other customary conditions.
As Novartis moves toward shedding generics subsidiary Sandoz, which it touts as a global leader in off-patent generic and biosimilar drugs, Sandoz has agreed a multi-year strategic partnership with Just –Evotec Biologics, the Seattle, Washington-based US subsidiary of Germany’s Evotec, to develop and manufacture biosimilars.
TotalEnergies has acquired Spanish mechanical recycling company Iber Resinas for an undisclosed sum. The French energy, chemicals and plastics company said the acquisition will increase its production of circular polymers in Europe, extend its range of recycled products and enhance its access to feedstock through Iber Resinas’ network of suppliers.
