The European Commission has fined Swiss specialty chemicals producer Clariant €155.8 million for its role in an ethylene purchasing scheme that also implicated other chemical producers, including US-based Celanese.
UK-headquartered multinational energy group BP has announced it will inject $70 million later this year into India’s Green Growth Equity Fund (GGEF). Based in Mumbai, GGEF invests in scalable operating companies and platforms across renewable energy, energy efficiency, energy storage, e-mobility, resource conservation and associated value chains.
Clariant is collaborating with Ineratec, a spin-off from the Karlsruhe Institute of Technology (KIT), to develop and commercialize novel technologies for producing renewable fuels and chemicals.
The UK will not participate in a plan to distribute a potential coronavirus vaccine to Europe’s most vulnerable citizens first. Tim Barrow, the UK’s ambassador to the EU, said in a letter to the European Commission the British government would not join the effort because as a non- EU member it would have no decision-making power in negotiations about purchases.
Norwegian energy group Equinor is leading a project in Humber, UK, to produce hydrogen from natural gas in combination with carbon capture and storage (CCS). The Hydrogen to Humber Saltend (H2H Saltend) project will be the start of a decarbonized industrial cluster in the Humber region, the UK’s largest by emissions.
Bayer has backed away from plans to create a science advisory panel to help decide still outstanding claims from US plaintiffs that Monsanto’s glyphosate-based herbicide Roundup caused their non-Hodgkins lymphoma.
Germany’s BioNTech is confident it will be ready to seek regulatory approval for its mRNA-based Covid-19 vaccine by the end of this year, its co-founder and chief executive Ugur Sahin said in an interview with the Wall Street Journal (WSJ).
Leading chemicals distributor Brenntag has agreed to buy Oils ‘R US, a Thai distributor of lubricants for automotive, commercial vehicle, industrial and marine applications. The transaction is expected to complete in the second half of 2020.
Bayer’s relief over its recent deal to settle three-quarters of its outstanding Roundup-related US lawsuits for more than $10 billion altogether could be short-lived.
Nouryon has announced plans to start developing a manufacturing facility at its site in Ningbo, China, for two key organic peroxide intermediates: tert-butyl hydroperoxide (TBHP) and tert-butyl alcohol (TBA).
CordenPharma has expanded peptide manufacturing capacity at its GMP API facility in Boulder, Colorado, USA, to accommodate what it said is “a large spike in demand” for peptide APIs and to continue its overall growth strategy.
US industrial gases group Air Products has signed an agreement with Saudi Arabia’s Acwa Power and the Neom project to build a $5 billion world-scale green hydrogen-based ammonia plant. The facility, which Air Products said would be one of the largest of its kind, will supply 650 t/y of carbon-free hydrogen.
After it emerged last week that the US federal government had nailed down the lion’s share of the world’s supply of the antiviral remdesivir, Gilead Sciences’ new drug being touted as a promising treatment for Covid-19, the EU has held talks with the US drugmaker.
Corteva Agriscience has agreed to take over J.G. Bosell’s stake in their joint-venture company PhytoGen Seed Co. Financial terms of the deal were not disclosed.
Ineos has announced it may build its 4x4 off-roader in France, suspending existing plans to build it in Wales and Portugal. The Swiss-headquartered group is now in talks with Mercedes-Benz about acquiring the major German carmaker’s site at Hambach, France, describing the site in was “ideally suited” to the Grenadier.
Brazilian national oil group Petroleo Brasileiro (Petrobras) is reportedly within six months of reaching a consensus with construction group Odebrecht on a new shareholder agreement for petrochemicals producer Braskem.
A newly formed Japanese joint-venture company is investing in Anellotech’s Plas-TCat plastics recycling process, with the aim of commercializing the technology by 2027.R Plus Japan was established last month by 12 cross-industry partners within the Japanese plastics supply chain.
Novartis has finally wrapped up a suite of bribery-related lawsuits in the US, paying well over $1 billion to settle two long running multifaceted cases within a week.
The European Investment Bank (EIB) has granted German biotech CureVac a €75 million loan to support its ongoing development of vaccines against infectious diseases, including its Covid-19 candidate CVnCoV.
As the American Chemistry Council (ACC) publishes its 2020 Guide to the Business of Chemistry, the world is coping with a global pandemic and the worst economic downturn in nearly a century.
The newly built chemical tanker Bow Persistent has entered Odfjell’s 80-ship fleet, joining sister ship Bow Prosper in the Norwegian group’s round-the-world trade. Built at the Fukuoka shipyard in Nagasaki, Japan, the 36,000 dwt vessel comprises 28 stainless steel tanks.
Italian energy group Eni and compatriot NextChem, the green chemistry division of contractor Maire Tecnimont, have expanded their partnership to include building a circular gas plant in Taranto, Italy, adding to projects for waste-to-hydrogen and waste-to-methanol plants.
Haldia Petrochemicals, part of The Chatterjee Group (TCG), and investment funds affiliated with Rhone Capital have completed their joint acquisition of Lummus from major engineering and construction group McDermott International as of Jun. 30.
US generics specialist Mylan is investing an additional $20 million in Mapi Pharma to support the latter’s ongoing Phase 3 clinical study and eventual commercialization of Glatiramer Acetate (GA) Depot for treating patients with relapsing-remitting multiple sclerosis (RRMS) in the US.
US-based CDMO Catalent has agreed a collaboration with US biotech Moderna for large-scale, commercial fill-finish manufacturing of Moderna’s mRNA-based COVID-19 vaccine candidate (mRNA-1273) at Catalent’s biologics facility in Bloomington, Indiana, USA.
Borealis, OMV, electricity group Verbund and cement company Lafarge Zementwerke have signed a Memorandum of Understanding to plan and construct a full-scale carbon capture plant in Austria. The captured CO2 would be used to make synthetic fuels, chemicals or plastics.
After nearly a year of deliberation, Bayer has clinched a deal to settle three-quarters of its outstanding lawsuits from US plaintiffs who claim that Monsanto’s top-selling herbicide Roundup with the active ingredient glyphosate caused their non-Hodgkins lymphoma (NHL).
Steve Harrington, currently president Global Styrene Monomer and Asia-Pacific at Ineos Styrolution, has been appointed as the Germany-based styrenics manufacturer’s new CEO, succeeding Kevin McQuade, who has been named chairman of the company’s supervisory board.
Bayer has halted work on a $1 billion production facility for the herbicide active ingredient dicamba in the US state of Louisana but said the decision was not related to a court order mandating that the Environmental Protection Agency (EPA) vacate its approval of the crop protectant active ingredient.
Kurt Bock has been elected as new chairman of the BASF supervisory Board, succeeding Jürgen Hambrecht. His term will run until the end of the annual shareholders’ meeting in 2024.
Major construction and engineering group TechnipFMC has entered into a joint development agreement with Clariant Catalysts to commercialize the Swiss company’s new AcryloMax propylene ammoxidation catalyst to produce fiber intermediate acrylonitrile (ACN).
Syngenta Group was officially launched on Jun. 18. Swiss-based and Chinese-owned, the group consists of four business units: Syngenta Crop Protection headquartered in Switzerland; Syngenta Seeds headquartered in the US; Adama headquartered in Israel; and Syngenta Group China.
Air Products’ new steam methane reformer (SMR) and cold box have gone on stream at the Huntsman site in Geismar, Louisiana, USA. The US gases group built, owns and operates the facility under a long-term agreement, supplying carbon monoxide (CO), hydrogen and steam.
Markus Steilemann, CEO of German engineering plastics producer Covestro, has been appointed to a three-year term as president of PlasticsEurope, the association of plastics manufacturers in Europe.
As the global coronavirus pandemic shows no signs of abating, the US “America first” approach to preventing and treating Covid-19 has again provoked worldwide concern.
