Turkish industrial conglomerate Yildirim will now launch a mandatory takeover bid for fertilizer producer Rosier – and a squeeze-out offer for the remaining shares – once the acquisition from Borealis has closed.
UK health regulator Medicines and Healthcare products Regulatory Agency (MHRA) has approved the Pfizer/BioNTech bivalent Covid-19 vaccine for use as a booster in people 12 years and older.
US nylon giant Ascend Performance Materials has acquired an undisclosed majority stake in compatriot Circular Polymers, a recycler of post-consumer high-performance polymers including PA 6 and 6.6, polypropylene and PET.
Sandoz, the generics arm of Swiss drugmaker Novartis, has announced plans to spend an additional €50 million on raising European manufacturing capacity for finished dosage forms of amoxicillin and other key penicillin products.
Covestro is again putting on hold its previously announced plans to build a new 500,000 t/y plant for polyurethane precursor MDI.
Ineos Olefins & Polymers Europe and Plastic Energy have signed a Memorandum of Understanding (MOU) to produce 100,000 t/y of petrochemical feedstock from recycled plastic waste.
The CEOs of seven multinational pharmaceutical companies have announced that they are taking joint action to achieve near-term emissions reduction targets and accelerate the delivery of net zero health systems.
Shell has signed a non-binding Memorandum of Understanding (MoU) with BASF and Chinese state-owned groups, including chemical producer Sinopec and steel maker Baowu, to explore the feasibility of developing an open-source carbon capture, utilization and storage (CCUS) project in East China.
Every November for the past five years, the Conor Troy Consultancy (CTC) has been hosting the OpEx Forum in Schwetzingen, Germany.
The battery market is becoming increasingly important to the global chemical industry, with companies frequently linking up to supply key materials.
Ariceum Therapeutics, a Berlin-headquartered private biotech developing radiopharmaceutical products for the diagnosis and systemic targeted certain hard-to-treat cancers, and AmbioPharm, a globally oriented US CDMO specialized in peptides, have agreed a strategic partnership in peptide conjugates.
Dutch specialty chemicals and ingredients distributor IMCD has entered into an agreement to buy China’s Shanghai Sanrise Industries & Development. Financial terms were not disclosed.
DuPont has terminated the agreement announced in November last year to acquire the outstanding shares of electronics materials specialist Rogers Corporation for $5.2 billion.
Cambrex is investing in a new R&D facility in Minneapolis, Minnesota, USA, expanding its capacity for small molecule development and manufacturing.
Leading international distributor Brenntag has acquired the life science business of Ravenswood, strengthening its position in the Australian and New Zealand specialties market. The deal is expected to close next month.
US biopharma PTC Therapeutics has entered into a financing collaboration with private equity group Blackstone so that it can achieve its goal of delivering at least one therapy every two-to-three years.
Swiss specialty chemicals producer Clariant has completed the takeover of BASF’s US-based attapulgite business assets.
Ineos has tapped Technip Energies to supply proprietary equipment for the 1.45 million t/y ethane cracker the UK group’s Olefins arm is building at Lillo in the Port of Antwerp.
Indian specialty chemical company Dorf Ketal has agreed to acquire Clariant’s North American land oil business for an undisclosed sum.
US CDMO Curia has begun construction on an expansion of its campus in Albuquerque, New Mexico. The facility designed by Burns & McDonnell will be built by BE&K Building Group.
As part of its “dynamic portfolio management,” French specialty chemicals producer Arkema said it has agreed to sell its subsidiary Febex, a global player in phosphorus derivatives, to Belgian group Prayon.
Solvay is collaborating with two companies to collect and reuse the limestone residues from its soda ash production in Rosignano, Italy. The move will enable the residues to be reused in construction and agriculture.
Swedish multinational CDMO Recipharm has bolstered its sterile filling capabilities at its facility in Kaysersberg, France, by installing Lab+ continuous automated technology.
Indian chemical plant contractor Nuberg EPC has been tapped to build a 250 t/d chlor-alkali plant planned by Indian chemical major Chemfab Alkalis at Karaikal, Puducherry.
The newly launched bivalent mRNA-based Covid-19 booster shots from Moderna and Pfizer/BioNTech did not show a major improvement over the companies’ first-generation vaccines targeting the original strain, a small US study conducted by Columbia University and the University of Michigan has found. Detailed data have not yet been released.
Together with compatriot project partner OQ Chemicals, Germany’s Röhm has broken ground on a new world-scale methyl methacrylate (MMA) plant it is building at OQ Chemicals’ Bay City, Texas site.
Ineos’ vinyls business Inovyn has rebranded as Ineos Inovyn with effect from Oct. 21. At the same time, Inovyn’s hydrogen business has been renamed Ineos Hydrogen.
Dutch CDMO Symeres has acquired Exemplify Biopharma, a US-based contract research organization (CRO) based in Cranbury, New Jersey, USA. The deal further strengthens Symeres’ foothold in the US, where it already generates about 50% of its revenues.
Catalent has announced a $12 million expansion program to increase biologics CGMP analytical capabilities at its flagship facility in Kansas City, Missouri.
The US Environmental Protection Agency (EPA) has announced additional actions to phase down the use of ozone-depleting hydrofluorocarbons (HFCs), lending a boost to president Joe Biden’s agenda for combating climate change.
Vopak Singapore is considering expanding its ammonia infrastructure in response to growing demand for sustainable energy. The expansion at its Banyan terminal would include full import and export capabilities for low-carbon power generation and bunker fuels.
The European Commission proposed last month an emergency intervention in Europe’s energy markets to address recent dramatic price rises as the EU faces the effects of a severe mismatch between energy demand and supply. What is in the proposal?
Italy’s SABO, a producer of polymer additives, cosmetics ingredients and specialized products for a variety of zootechnical and industrial applications, is acquiring the TAA derivatives business of Germany’s Evonik, including two production sites at Marl, Germany, and Liaoyang, China.
Italmatch, an Italian multinational specialty chemicals company, has started building a second flame retardants manufacturing plant in China. The expansion will expand capacity of the compay’s Phoslite range, which is based on inorganic phosphinates.
Canadian pharma Sunshine Biopharma has taken over compatriot company Nora Pharma for C$30 million.
