Swiss CDMO Lonza has acquired Dutch-based Synaffix, a biotech focused on ADC development. The deal comprises an initial cash injection of €100 million and up to €60 million in additional performance-based considerations. Synaffix will continue to operate under its existing name.
LyondellBasell plans to keep its oil refining business in operation longer than planned. Rather than pull the plug at the end of 2023 as announced earlier, the olefins and polyolefins giant said this week it would delay its exit until the end of the 2025 first quarter.
Azelis continues its acquisition spree, this time adding Dutch distributor Sirius International to its stable. Sirius said it will operate as part of Azelis as of Jun. 1. Financial terms of the transaction were not disclosed.
PCAS has announced that it has decided to sell its Canadian subsidiary to DIC for €88.2 million.
Evonik has inked a new non-exclusive deal with compatriot ProductionToGo, covering distribution of the German specialty chemicals group’s 3D printing materials.
Dow has entered into a long-term agreement with New Energy Blue for the supply of bio-based ethylene from agricultural residues in North America.
Privately held US drugmaker Purdue Pharma has received permission from a US bankruptcy court to sell its consumer health business, Avrio Health, for $397 million to a subsidiary of Arcadia Consumer Healthcare.
Air Products is paying $1 billion to take over a natural gas-to-syngas processing facility in Uzbekistan. The industrial gases producer has signed a deal with the Uzbek government and state-owned energy company Uzbekneftegaz to buy the facility in Qashqadaryo province.
The European Commission and vaccine makers Pfizer and BioNTech have reached agreement on amending the bloc’s 2021 supply deal for the duo’s Comirnaty mRNA-based shot. The compromise that extends the last planned delivery date to 2026 follows months of discussion, with member states urging the Commission to renegotiate the controversial deal.
Arlanxeo has announced plans to build a rubber production plant in Jubail, Saudi Arabia. The 140,000 t/y plant, which will be part of the $11 billion Amiral complex planned by Saudi Aramco and Total Energies, will produce two elastomers: ultra-high cis polybutadiene (NdBR) and lithium butadiene rubber (LiBR).
Toward achieving cost savings in the double-digit million euro range, Germany’s OQ Chemicals, part of the Oman-based OQ energy group, has announced a cost-cutting scheme that will see it cut 10% of the workforce.
Pfizer's oral anti-viral Covid-19 treatment Paxlovid has won full approval from the US Food and Drug Administration (FDA) after Emergency Use Authorization was granted in late 2021.
Olon, an Italian CDMO and API producer, is investing a total of €100 million in 2023 to increase production capacity, in particular at its site in Mulazzano, Lodi province.
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
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.
