25.10.2022 • News
Sunshine Biopharma Buys Nora Pharma
Canadian pharma Sunshine Biopharma has taken over compatriot company Nora Pharma for C$30 million.
News
24.10.2022 • News
Trinseo Mulls Multiple Plant Closures
In response to what it describes as a “challenging macroeconomic environment” marked by continuing erosion of consumer sentiment in Europe and the lack of any meaningful recovery in Asia following the Covid-19 lockdowns in the first half of 2022, US plastics producer Trinseo said it is evaluating its asset footprint to improve its economic position and operating flexibility.
24.10.2022 • News
Ineos to Take Ashta Chemicals from Bigshire Mexico
Ineos Enterprises has agreed to acquire Ashta Chemicals from Bigshire Mexico for an undisclosed sum. The deal that includes a 100,000 kg/y potassium hydroxide (KOH) and a 65,000 t/y chlorine plant, is targeted to close before the end of 2022, subject to regulatory approvals.
24.10.2022 • News
Univar Adds Four Labs Worldwide
Specialty ingredients and chemicals distributor Univar Solutions has added pharmaceutical ingredient laboratories at four of its flagship centers around the world: in Houston, Texas, USA; Osasco, Sao Paulo, Brazil; Mexico City, Mexico; and Essen, Germany.
Rewriting the Rules for Chemical Distribution
Having survived the pandemic so far in good condition, chemical distributors are well positioned to grow, provided they understand how the rules for winning have changed. Distributors that keep their customers’ needs front and center will be best positioned to succeed, regardless of what the future brings.
21.10.2022 • News
ExxonMobil, LyondellBasell and Cyclyx in US Plastic Waste Project
ExxonMobil, LyondellBasell and Cyclyx International have agreed to jointly establish a plastic waste sorting and processing facility in Houston, Texas, USA, providing feedstock for both mechanical and advanced recycling technologies.
21.10.2022 • News
LG Chem Boosts Oncology Offering with Aveo Buy
South Korea’s LG Chem is to acquire US biopharma Aveo Oncology for an equity value of $566 million. Based in Boston, Massachusetts, Aveo is focused on developing cancer treatments.
20.10.2022 • News
EU Public Prosecutor Probes Vaccine Mega Order
The European Public Prosecutors Office (EPPO) has confirmed that it is looking into the EU Commission’s ordering of Covid-19 vaccines, with the probe thought to pertain in particular to order activity outside the usual purchasing channels.
20.10.2022 • News
Qatar Won’t Divert Asian Gas Orders to Europe
As QatarEnergy works to expand its gas production and trading operations amid a surge in global demand, it has stressed that it will not divert liquefied natural gas (LNG) contracted with Asian buyers to Europe as some governments had hoped.
20.10.2022 • News
Lilly Acquires Hearing Loss Specialist Akouos
Lilly has agreed to acquire Akouos, a precision genetic medicine company that is developing gene therapy treatments for hearing loss. Both companies’ boards have approved the deal, which is expected to close in the fourth quarter and cost Lilly up to $610 million.
19.10.2022 • News
Ineos to Refocus Lillo Plant on Circular Plastics
Ineos O&P Europe, the olefins and polyolefins arm of the Ineos group that steers its European business, will invest €30 million to convert existing capacity at its polyethylene plant at in Lillo in the Port of Antwerp to either monomodal or bimodal grades of high-density polyethylene (HDPE).
19.10.2022 • News
Bodo Möller Takes Over Portugal’s Anmapi
Bodo Möller Chemie has acquired Portuguese distributor Anmapi for an undisclosed sum. Located in Valbom, Gondomar (Porto) – north of Lisbon – Anmapi supplies Henkel’s brand of Bonderite cleaners and corrosion protection products for the metal industry in Southern Europe.
19.10.2022 • News
Purolite Expands UK Bioprocessing Resin Production
Purolite, a US manufacturer of ion exchange resins that is also part of Ecolab, has opened up a new facility in Llantrisant, Wales, tripling its bioprocessing resin production. The company said the extra output will meet growing global demand for biopharmaceutical products.
The Evolution of Chemical Industry M&A
Every year, the chemical industry sees hundreds of mergers and acquisitions (M&A). Traditional M&A drivers, such as consolidation and portfolio extension, are still important. But many transactions also show that the nature of M&A is evolving, as chemical companies look for ways to contend with ongoing volatility and move to a more sustainable future.
The Future of Outsourcing
The increasing complexity in drug development and the highly competitive industry landscape are creating a dramatic shift in how pharmaceutical and biotech companies plan for and execute drug development and production.
Is the Chemical Industry Ready for the Future?
Many chemical executives say their companies have made significant progress in their digitalization efforts in the last two years – and they are even more excited about it now.
Is the Chemical Industry Ready for the Future?
Many chemical executives say their companies have made significant progress in their digitalization efforts in the last two years – and they are even more excited about it now.
18.10.2022 • News
Saudi and Korean Power Firms Link on Green Hydrogen/Ammonia
Saudi Arabia’s ACWA Power is partnering Korea Electric Power Corp. to jointly develop green hydrogen/ammonia projects. The companies propose to work on projects in the Middle East and other agreed geographies, including decarbonizing KEP’s operations in South Korea.
18.10.2022 • News
Merck & Co and Moderna Proceed with Cancer Vaccine
US drugmaker Merck & Co is going ahead with plans to develop a therapeutic cancer vaccine called mRNA-4157 together with Covid vaccine maker Moderna. This fulfills an agreement first signed in 2016 and amended in 2018.
18.10.2022 • News
Total Energies Signs Offtake Deal with Indaver
French energy giant TotalEnergies has signed an agreement with waste management and advanced recycling specialist Indaver covering offtake of petrochemical feedstock generated from the Belgian company’s advanced recycling of mixed polyolefins waste.
17.10.2022 • News
OMV Petrom Plans New Aromatics Plant
Romanian oil group OMV Petrom is investing €130 million to add an aromatics plant at its Petrobrazi refinery. The new unit, to be installed over the next three years, will replace an existing facility that started production in 1961.
17.10.2022 • News
DKSH to Acquire US Distributor Terra Firma
Swiss distributor DKSH is poised to acquire North American specialty chemicals distributor Terra Firma, expanding the platform of its Performance Materials business unit to the US and Canada.
17.10.2022 • News
CF Industries and ExxonMobil Collaborate on Carbon Capture
US ammonia manufacturer CF Industries and energy giant ExxonMobil are collaborating to capture and store up to 2 million t/y of CO2 emissions the CF complex at Donaldsonville, Louisiana. The project is scheduled to start up in early 2025.
14.10.2022 • News
Infineum Buys Entegris’ Pipeline and Industrial Materials Business
The Shell/ExxonMobil petroleum additives joint venture Infineum has agreed to acquire the Pipeline and Industrial Materials (PIM) business of US company Entegris. The transaction is expected to close in the fourth quarter, subject to regulatory clearance and the usual conditions.
14.10.2022 • News
CDMO Adragos to Buy Sanofi Site in Japan
Munich-based German CDMO Adragos Pharma said it has signed a definitive agreement with Sanofi’s Japanese subsidiary to acquire a pharmaceutical manufacturing site in Kawagoe, near Tokyo.
14.10.2022 • News
PCG Completes Acquisition of Perstorp
Petronas Chemicals Group Berhad (PCG) has completed its acquisition of all shares of Swedish chemical producer Perstorp for $1.54 billion, based on an enterprise value of €2.3 billion.
14.10.2022 • News • Innovation
Bachem Innovates its Manufacturing Capabilities
Interest in oligonucleotide therapeutics has grown, as has the market demand, since their emergence as a new drug modality two decades ago.
13.10.2022 • News
Solvay Collaborates with Australia’s Hastings on Rare Earths
Solvay has signed a non-binding offtake agreement with Australia’s Hastings Technology Metals for the supply of mixed rare earth carbonate (MREC). Under the deal, Hastings will initially supply 2,500 t/y of MREC from its Yangibana rare earth project in Western Australia to Solvay’s plant in La Rochelle, France.
13.10.2022 • News
BASF Plans European Austerity as Outlook Dims
Against the backdrop of weaker than expected third-quarter earnings – “significantly worse” in Europe and a negative result in Germany – as well as deteriorating framework conditions, BASF is launching a cost-saving program focused on those two strategic markets.
13.10.2022 • News
EU Clears Celanese’s Purchase of DuPont’s Mobility and Materials Business
The European Commission has cleared Celanese’s proposed purchase of DuPont’s Mobility and Materials (M&M) business after the former agreed to sell its global thermoplastic copolymer business to allay competition fears.
12.10.2022 • News
Bodo Möller Buys Spain’s General Adhesivos
German chemical distribution group Bodo Möller Chemie has expanded its business in the Iberian Peninsula with the acquisition of General Adhesivos, an adhesives specialist located not far from the industrial centers of Tarragona and Barcelona in Spain.
12.10.2022 • News
BASF and GS E&C Sign MOU for CCUS Solutions
BASF and South Korea’s GS Engineering and Construction (GS E&C) have signed a Memorandum of Understanding (MoU) to jointly develop modular solutions for carbon capture facilities.
11.10.2022 • News
Advent-Lanxess Materials JV Takes Shape
The planned 60:40 specialty materials joint venture of German chemical producer and private equity group Advent International, announced at the end of May, is gradually taking on visible contours.
11.10.2022 • News
Cytiva Boosts Biomanufacturing with Cevec Buy
US life sciences company Cytiva has acquired Germany’s Cevec Pharmaceuticals, a move Cytiva said would further strengthen its leading position in biomanufacturing solutions. Financial terms were not revealed.
11.10.2022 • News
Barentz Buys US Distributor Viachem
Dutch life science ingredients distributor Barentz has acquired Viachem, a US-based company that distributes specialty chemicals, food additives and ingredients.
