Dupont has announced the sale of its trichlorosilane (TCS) business and its equity interest in the Hemlock Semiconductor (HSC) joint venture to Hemlock for $725 million. The business, based in Saginaw County, Michigan, USA, produces TCS, which is a key raw material for HSC’s high-purity polysilicon that it supplies to the semiconductor and solar industries.
US industrial gases producer Air Products has signed a long-term contract to build a new state-of-the-art plant to supply an unnamed manufacturer of memory chips on-site in Malaysia’s Prai Industrial Park at Penang.
AstraZeneca has resumed Phase 2/3 clinical trials with Oxford University’s Covid-19 vaccine candidate in the UK, days after halting the tests due to an “adverse neurological event” that CEO Pascal Soriot said occurred in the UK trial and involved an inflammatory spinal cord disorder.
US biopharma AbbVie has signed a global collaboration agreement with China’s I-Mab to develop and commercialize lemzoparlimab – also known as TJC4 – an anti-CD47 monoclonal antibody for treating multiple cancers. The companies can also potentially expand the collaboration to include other therapies.
Invista Performance Technologies (IPT) has won two separate contracts to supply its PTA technology for projects in China and Turkey.
Catalent Gene Therapy, a unit of US-based CDMO Catalent, is spending $130 million on five new Phase 3-through commercial-scale manufacturing suites at its gene therapy campus in Harmans, Maryland, near Baltimore Washington International (BWI) airport. The company said the investment is in reaction to a growing customer pipeline and market demand.
Dutch-domiciled, US-managed olefins chemicals and plastics major LyondellBasell and China's Liaoning Bora Enterprise Group (Bora) have started up their new polyolefins complex at Panjin in northeastern China’s Liaoning province. Bora is one of the largest private petrochemical enterprises in the region.
UK specialty chemicals and sustainable technologies company Johnson Matthey (JM) and US engineering and construction contractor KBR have entered into an alliance to license a “ground-breaking” ammonia-methanol co-production process.
AstraZeneca has temporarily paused Phase 2/3 global clinical trials of the adenovirus-viral vector-based Covid-19 candidate it is developing for Oxford University. The Anglo-Swedish drugmaker initially cited “a serious suspected adverse reaction” in a participant without revealing details.
Shell has announced plans to replace the ethylene steam cracker furnaces at its petrochemicals complex in Moerdijk, the Netherlands, in a move that will reduce the site’s annual greenhouse gas emissions by 10%.
DSM has formed a 50:50 joint venture with Dutch industrial manufacturing group VDL Groep to produce medical facemasks and components in the Netherlands.
With some potential Covid-19 vaccine makers suggesting they could have a candidate ready for approval and maybe even deployment this autumn, concerns are arising that a doubting public could shun inoculation.
Air Liquide has entered into a long-term agreement with Eastman Chemical for the supply of additional gaseous oxygen, nitrogen and syngas. The extra volumes will support Eastman’s growth and production in Longview, Texas, USA.
To help meet surging demand for Covid-19 diagnostics, US diagnostic specialist Thermo Fisher Scientific has completed a new $40 million production plant for viral transport media at its Lenexa, Kansas, site in a record six weeks.
AkzoNobel has completed its acquisition of Stahl Performance Powder Coatings, adding to its range of products for heat sensitive substrates. The Dutch coatings giant said the deal gives it accelerated access to unique low curing technology and strengthens its position as a complete provider of sustainable solutions for these substrates, in particular for its wood coatings customers.
LyondellBasell has been chosen by Duqm Refinery and Petrochemical Industries Company (DRPIC) to license its PP and HDPE technologies for new plants to be built in Al Duqm, Oman. The plants will have capacities of 280,000 t/y PP and 480,000 t/y HDPE, using Spheripol and Hostalen technologies, respectively.
Synthetic biotech company Amyris said it has successfully scaled up commercial production of cannabigerol (CBG) through leveraging its industrial fermentation process capability. The precursor from which all other cannabinoids are synthesized, CBG is a non-psychoactive cannabinoid that is said to present significant therapeutic potential.
Acting on an executive order by president Donald Trump, the US Treasury Department’s Office of Foreign Assets Control (OFAC) has levied sanctions on six international companies for allegedly supplying oil and feedstock to Iran’s Triliance Petrochemical.
Unilever has announced that it will source 100% of the carbon used in its cleaning and laundry products from renewable or recycled sources rather than from traditional fossil fuels as it seeks to transform the sustainability of well-known brands such as Omo (Persil), Sunlight, Cif and Domestos.
Catalent Biologics is investing $50 million in an additional high-speed vial filling line at its Bloomington, Indiana, USA, facility to support the growing pipeline of clinical programs and commercial launches at the site.
Specialty chemicals producer Evonik is investing around €15 million in its C4 production network in Marl. Germany. The three-pronged focus is on Tert. butanol (TBA), di-isobutene (DiB) and 3,5,5-trimethylhexanal (TMH).
Specialty chemicals and ingredients distributor IMCD has entered into an agreement to take over South Africa’s Siyeza Fine Chem Propriety. Financial terms of the transaction, which is expected to close in December, were not disclosed.
French biotech Domain Therapeutics, which specializes in the discovery and development of new drugs targeting G Protein-Coupled Receptors (GPCRs) in immuno-oncology, neurology and rare diseases, has signed a collaboration agreement with US pharma giant Pfizer to profile downstream signaling pathways of a set of GPCRs potentially involved across multiple therapeutic areas.
Huntsman has agreed to sell about 42.5 million shares in Venator Materials – representing just below 40% of Venator’s outstanding shares – to private equity group SK Capital Partners for $100 million cash. The deal includes a 30-month option at $2.15/share for the remaining 9.5 million shares that Huntsman owns.
The US Food and Drug Administration (FDA) has come under fire again as the federal health agency issued its third Emergency Use Authorization (EUA) for a Covid-19 treatment since the beginning of the pandemic. This extended the authorization for Gilead’s remdesivir, which it markets as Veklury.
Nestlé Health Science has agreed to buy Aimmune Therapeutics, a US biopharma and developer of food allergy treatments. The Swiss multinational food and beverage conglomerate already owns about 25.6% of the company through investments worth $473 million made between November 2016 and January 2020.
The Society of Chemical Manufacturers & Affiliates (SOCMA) has purchased the Specialty & Custom Chemicals Show from previous owner Chemicals America.
KBR has won two contracts from China’s Ningxia Baofeng Energy for a 1 million t/y olefins complex in Ningdong Town, Lingwu City, Ningxia. One contract is for a 500,000 t/y coal-to-olefins facility and the other is for a 500,000 t/y C2-C5 plant.
In a move designed to boost its catalyst business, Evonik will pay $210 million to acquire the Porocel Group, a US technology provider based in Houston, Texas. The transaction, to be financed out of Evonik's “strong cash position,” is due to close by the end of 2020 subject to regulatory approval.
Bayer’s life science investment arm Leaps by Bayer and Singapore investor group Temasek have formed a new joint vertical farming company called Unfold. The companies did not disclose their respective shares in the venture, which will use seed genetics – or germplasm – from vegetable crops to develop new seed varieties tailored for vertical farms.
Bayer has begun construction on a new €50 million pharmaceutical facility in the Beijing Economic-Technological Development Area, aimed at boosting annual output in the Chinese capital by roughly 40%.
The board of Industries Qatar (IQ) has approved the purchase of Qatar Petroleum’s (QP) 25% stake in Qatar Fertiliser Company (Qafco) for $1 billion, giving it full control of the fertilizer producer. Qafco also owns 70% of Gulf Formaldehyde Company and 60% of Qatar Melamine Company (QMC).
Oil giant BP, which recently announced plans to divest its petrochemicals business to Ineos for $5 billion, is reportedly planning to sell its headquarters building in central London as it cuts jobs and adopts flexible working.
Wuthelam Group will raise its stake in Nippon Paint from 39% to 60% at a total cost of about 1.28 trillion Japanese Yen, approximately $12 billion. The transaction is expected to complete in January 2021, subject to customary conditions.
After months of uncertainty and anxious glances across the water as potential Covid-19 vaccine manufacturers made deal after deal with other political blocs, the EU over the past four weeks has made rapid strides toward securing supplies for its 27 member states.
