Sinopec Group will complete a 20-million-barrel crude reserve base in the southwestern Chinese port of Beihai by September 2011, an industry source told Reuters on Wednesday.
Sinopec would also add a new 100,000 barrel-per-day crude refining unit in Beihai, Guangxi region, where the state oil giant eventually plans to establish a refining and petrochemical base, said the source with knowledge of the refiner's plans.
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
Merck to acquire the chromatography business of JSR Life Sciences, a leading provider of CDMO services, preclinical and translational clinical research, and bioprocessing solutions.
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
