Braskem and its controlling shareholder Novonor (formerly known as Odebrecht) have now confirmed a takeover offer from private equity investors Apollo and Abu Dhabi National Oil Company (ADNOC) for Novonor’s shares in the Brazilian petrochemicals and plastics producer.
US biology company Ginkgo Bioworks has announced two separate partnerships, one on natural colors and dyes with Octarine Bio and the other on novel therapeutic molecules with drugmaker Boehringer Ingelheim.
German chemical group Wacker has acquired 100% of ADL Biopharma from private equity investor Kartesia for a price said to exceed €100 million. It now owns the entire 150,000 m2 production site in the northern Spanish city of Léon with fermentation capacity of just under 3,000 cbm (gross volume).
Confirming media reports, Baxter International announced it has agreed to sell its BioPharma Solutions (BPS) business to a private equity consortium of Warburg Pincus and Advent International for $4.25 billion in cash.
US industrial gases producer Air Products and energy group AES are teaming up to build, own and operate a green hydrogen plant in Wilbarger County, Texas, in the northern part of the state.
Canlak Coatings, owned by private equity group SK Capital Partners, has acquired Ceram-Traz, also known as Ceramic Industrial Coatings, for an undisclosed sum.
A private equity consortium of Warburg Pincus and Advent International is said to be in advanced talks to acquire medical device maker Baxter International’s biopharma solutions business. The deal could be worth $4 billion or more, news agencies and the newspaper Wall Street Journal reported.
Rotterdam-based speciality chemicals distributor IMCD kicked off the month of May agreeing a major distribution partnership and two outright acquisitions.
Swiss CDMO Siegfried has acquired a 95% stake in Dinamiqs, a compatriot biotech focused on developing and manufacturing viral vectors for cell and gene therapies.
OQ Chemicals has successfully started up its new pilot plant for esters at Oberhausen, Germany. The company said the facility enables it to manufacture small quantities of esters tailored to customer needs for test purposes before making an industrial-scale investment.
PCAS, a French specialist in complex molecules for the life sciences and specialty chemicals markets, has received an offer for its Canadian subsidiary from Japanese chemicals company DIC.
French engineering and technology contractor Technip Energies and Belgian mechanical engineering group John Cockerill have launched green hydrogen company Rely.
The Chinese chemical distribution market is very likely the largest in the world. To be successful in this competitive market, foreign distributors in particular need to consider some important aspects.
US energy and infrastructure developer Glenfarne Energy Transition has entered into a collaboration with South Korean contractor Samsung Engineering to conduct feasibility studies for multiple green hydrogen and ammonia projects in Chile.
Germany’s Merck said this week it has signed a non-binding Memorandum of Understanding (MoU) with South Korea’s Ministry of Trade, Industry and Energy (MOTIE), and Daejeon City to establish a new Asia-Pacific BioProcessing Center.
Within the framework of the REACh chemicals legislation, the European Commission said it is implementing previously discussed restrictions on the use of PVC in finished products to protect people and the environment from the toxic effects of lead.
NextChem, part of Italian engineering group Maire Tecnimont, has paid €6.12 million to take a 51% stake in MyRemono, a new company set up with partner Biorenova, which holds the remaining 49%.
CordenPharma is expanding strategically into synthetic oligonucleotide manufacturing at its plant at Boulder in the US state of Colorado. The two-phase investment is designed to provide innovative biotech and pharma customers with a fully integrated API to Drug Product service offering.
Syngenta Crop Protection has bought Macspred Australia, a specialist in weed management for the forestry, roads, rail, utilities and infrastructure sectors.
DuPont has agreed to pay US private equity firm AEA Investors $1.75 billion to acquire Spectrum Plastics Group, a small specialty plastics company based in Atlanta, Georgia. The price is a 15.6x multiple on Spectrum’s forecast 2023 EBITDA.
LyondellBasell said it plans to acquire Veolia Belgium‘s stake in the joint venture Quality Circular Polymers (QCP), which has recycling facilities in Belgium and the Netherlands. Currently, the Paris-headquartered waste management group supplies soiled plastic waste to the recycling units, a role it will continue on an independent basis.
Versalis is taking full control of renewables specialist Novamont by acquiring the 64% stake held by joint venture partner Mater-Bi, which is held by equity funds Investitori Associati II and NB Renaissance.
India-headquartered drugmaker Glenmark is said to be taking another look at selling a majority stake in its business with active pharmaceutical ingredients (APIs), which is wrapped up in subsidiary Glenmark Life Sciences.
Nouryon has announced plans to “signficantly” increase capacity for organic peroxides at its site in Ningbo, China. The Dutch specialty chemicals producer will double capacity of its Perkadox 14 and Trigonox peroxides to 6,000 t/y each by mid-2024.
Solvay has signed an agreement with Chinese company Guangxi Chlor-Alkali Chemical (GHCAC) to supply a technology license for its hydrogen peroxide technology.
In 2022, the European Commission revised the definition of nanomaterials in a new recommendation, which supports a uniform EU regulatory framework and aims at aligning the legislation across various sectors. Therefore, particle product design is an enabling technology relevant for many sectors, such as chemicals, consumer products, foods and beverages, health, energy, and the environment.
Swiss-based, globally oriented CDMO Siegfried has broken ground or its new global Research and Development (R&D) Center for Drug Substances at its site in Evionnaz, Switzerland, which the company describes as a “key pillar” in its related network.
As April winds down and major German chemical companies hold their annual shareholder meetings, questions are being asked whether about the country is tying its trade too closely to with China and repeating the same mistakes it made earlier by becoming dependent on Russian gas.
Ginkgo Bioworks is partnering with US startup Visolis to improve the latter’s biomanufacturing process for isoprene and sustainable aviation fuel (SAF).
Dow has selected Linde to supply clean hydrogen and nitrogen for its proposed net-zero carbon emissions integrated ethylene cracker and derivatives site in Fort Saskatchewan, Alberta, Canada.
Italian polyamide and polymer specialist Radici has opened a new manufacturing plant in Suzhou, China, stepping up its presence in the Asian market. The site is designed to double capacity for engineering polymers, serving various markets that include automotive, electrical/electronics, consumer and industrial goods.
European NGOs have welcomed the EU’s plans for an overhaul of pharmaceutical legislation – the first in two decades – presented this week in Brussels. The drugs industry, however, has expressed sharp criticism.
Agilyx ASA to explore the scale-up of the former’s integrated cascading catalytic pyrolysis (ICCP) process in a commercial demonstration plant.
Du Pont has been found guilty of criminal negligence and fined $12 million in connection with a November 2014 explosion that killed four employees of its methyl mercaptan plant in LaPorte, Texas, and caused extensive environmental damage.
African specialty chemicals distributor Solevo has been sold by its former owner Helios Investment Partners to Development Partners International (DPI), a private equity firm focused on Africa, in a consortium with minority co-investors South Suez and European development finance institution, DEG.
