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10.10.2022 • News

Bachem Buys DSM’s Sisslerfeld Site

Swiss peptide and oligonucleotide specialist Bachem has agreed to buy an undeveloped site in Sisslerfeld from DSM. It has completed the purchase of a first plot, with others to follow in the coming years.

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07.10.2022 • News

Fluor Wins BASF China Contracts

Fluor has been granted two reimbursable contracts worth more than $2 billion for engineering, procurement and construction management services at BASF’s ethylene oxide/ethylene glycol (EO/EG) project in Zhanjiang, Guangdong province, China.

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07.10.2022 • News

Flexible Solutions and Lygos End Merger Plans

North American biochemical companies Flexible Solutions (FSI) and Lygos have called off their proposed merger. The companies did not give a reason for terminating the agreement, but said they remain committed to finding routes to sustainable aspartic acid and derivatives and would not let the end of their merger plans prevent them from working together in other ways.

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05.10.2022 • News

Bloomberg Antipollution Fund Irks Industry

Michael Bloomberg’s $85 million campaign against the proliferation of large chemicals and plastics production complexes and the pollution they can cause has been praised by environmental advocacy groups but has not gone down well with representatives of the US industries.

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05.10.2022 • News

Nouryon Expands Portfolio with ADOB Fertilizers Buy

Nouryon has agreed to buy ADOB Fertilizers, a Polish-based supplier of chelated micronutrients, foliars and other specialty fertilizers. The move will expand Nouryon’s product portfolio and broaden its offerings for customers in the crop nutrition market.

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05.10.2022 • News

Azelis Acquires Italy’s Eurotrading

Azelis has entered into an agreement to buy Eurotrading, an Italian specialty chemicals distributor with an extensive product portfolio in actives, emollients and emulsifiers.

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04.10.2022 • News

Solenis to Buy KLK Kolb’s Paper Process Chemicals

Solenis, globally oriented producer of specialty chemicals for water-intensive industries, has entered a definitive agreement with Kolb Distribution, part of KLK Kolb, to acquire Kolb’s paper process chemicals business. The deal is expected to close by the end of Q1 2023, subject to regulatory approval and customary closing conditions.

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01.10.2022 • NewsLogistics

Green Hydrogen Is the Way out of the Energy Crisis

Green hydrogen is experiencing an enormous upswing in the current energy crisis. The increased demand will be difficult to meet on a local level. So, right on time, the Port of Antwerp-Bruges is preparing to bring large quantities of the climate-friendly energy carrier from non-European countries to Western Europe.

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30.09.2022 • News

GSK Names Julie Brown as First Female CFO

From next year, GSK’s top management will be led by a double female team, a pioneering move for the global pharmaceutical industry. The UK drugs giant this week announced the appointment of Julie Brown, the first woman to be its chief financial officer.

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30.09.2022 • News

GSK Names Julie Brown as first female CFO

From next year, GSK’s top management will be led by a double female team, a pioneering move for the global pharmaceutical industry. The UK drugs giant this week announced the appointment of Julie Brown, the first woman to be its chief financial officer.

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30.09.2022 • News

Arkema Ups Expansion Plans for Pebax Elastomers

Arkema has boosted its previously announced expansion plans for Pebax elastomer at its Serquigny site in France. The company will now increase capacity by 40% rather than the 25% it announced in January this year.

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30.09.2022 • News

US Biotech Calyxt Considers Strategic Alternatives

The board of directors at US plant-based synthetic biology company Calyxt is evaluating potential strategic alternatives to maximize shareholder value, the company announced on Sept. 22. Options may include financing alternatives, merger, reverse merger, other business combinations, an asset sale or licensing. A timescale for completing the process has not yet been disclosed.

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29.09.2022 • News

Umicore and VW Arm Establish European Battery JV

Belgian chemical producer and recycler Umicore and PowerCo, the newly created battery company of the Volkswagen (VW) group, have officially founded their envisioned joint venture to produce precursor and cathode materials for VW’s European vehicle fleet.

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29.09.2022 • News

Lonza Completes HPAPI Expansion at Visp

Lonza has completed of the expansion of its Highly Potent API (HPAPI) multipurpose suite at the Basel-based CDMO’s alpine production site in Visp, Switzerland, adding development and manufacturing capacity for ADC payloads.

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29.09.2022 • News

Borealis Sells Rosier Stake to Yildirim

Borealis has agreed to sell its 98.09% stake in Belgian fertilizer producer Rosier to Turkey’s Yildirim Group. The proposed deal puts an enterprise value of €35 million on Rosier.

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28.09.2022 • News

Germany Inks new Middle East Gas Deals

After months of difficult negotiations, Germany’s coalition government has reached initial agreements with Qatar and the United Arab Emirates for the supply of liquefied natural gas (LNG) to help close energy gaps following the shutdown of pipelines from Russia.

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28.09.2022 • News

Corteva Buys Spanish Microbiological Expert

US agricultural company Corteva, which combines businesses formerly belonging to DuPont, Dow and Pioneer, has agreed to buy Symborg, an expert in microbiological technologies based in Murcia, Spain. Financial terms were not disclosed.

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27.09.2022 • News

Arkema Joins PET Recycling Project

French chemicals and materials company Arkema is participating in a Spanish consortium to explore and advance the recyclability of post-consumer polyester resin (PET from bottles and other items) in order to regain monomers for use in more sustainable powder coatings.

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27.09.2022 • News

New Specialty Life Science Player Actylis Debuts

US specialty materials manufacturer Aceto and 10 other companies with business operations in North America, Europe, India and China have merged into a new cross-industry player called Actylis, under the umbrella of private equity investor New Mountain Capital.

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27.09.2022 • News

Unilever Chief to Quit sooner after failed GSK Bid

British-multinational consumer products giant Unilever has announced that its chief executive, Alan Jope, will retire at the end of 2023. The potentially earlier than planned departure announcement had been anticipated.

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26.09.2022 • News

Bloomberg Funds Program to Block US Petchem Projects

Michael Bloomberg, the founder of US-based financial, software, data and media group Bloomberg LP and a United Nations special envoy on climate ambition and solutions, has launched a campaign to stop the expansion of petrochemicals and plastics production in the US.

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22.09.2022 • News

Consortium Plans Carbon Capture in Singapore

Air Liquide, Chevron, PetroChina and Keppel Infrastructure are planning to form a consortium that will explore the development of large-scale carbon capture, utilization and sequestration (CCUS) solutions and integrated infrastructure in Singapore.

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22.09.2022 • News

Bachem Secures Major Peptide Contracts

Bachem, a Swiss specialist developer and manufacturer of peptides and oligonucleotides, has announced the signing of two major contracts for supplying large volumes of peptides over the next two years. The orders are worth 25 million and 150 million Swiss francs for 2023 and 2024, respectively.

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