US chemical group Celanese and Germany’s Secarna Pharmaceuticals, an antisense drug discovery and development company, entered a research collaboration for the development of long-acting implants that deliver antisense oligonucleotides (ASOs).
US chemical group Celanese Corporation and Japanese chemical giant Mitsui & Co have signed a definitive agreement to form a food ingredients joint venture under the name Nutrinova.
DuPont has agreed to pay US private equity firm AEA Investors $1.75 billion to acquire Spectrum Plastics Group, a small specialty plastics company based in Atlanta, Georgia. The price is a 15.6x multiple on Spectrum’s forecast 2023 EBITDA.
US chemical group Celanese is extending one existing strategic collaboration with Japan’s Mitsui and establishing a new one. Added to the 50:50 methanol joint venture will be a new 30:70 JV in food ingredients, in which the Japanese partner will hold the majority.
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.
Celanese has offered concessions to EU regulators to allay concerns about its proposed $11 billion acquisition of DuPont’s Mobility and Materials business, according to Reuters.
DuPont has agreed to sell most of its Mobility & Materials (M&M) segment to Celanese for $11 billion on a cash and debt-free basis. The deal – DuPont’s biggest since splitting from DowDuPont – is expected to close around the end of this year, subject to regulatory approvals and customary conditions.
Chemical MNCs show strong verbal commitment to China, but the real situation is somewhat underwhelming.
Celanese has emerged as the buyer of the TPV elastomers business Exxon Mobil put on the sale block earlier this year. The US chemicals and engineering plastics group said on Jun. 30 it had signed a definitive agreement to acquire the portfolio that includes the iconic Santoprene brand along with intellectual property, production and commercial assets.
Celanese has announced a three-year plan to expand engineered materials compounding capacities in China and India to support the anticipated growth of its business. The US-based company plans to add about 52,000 t/y of compounding and long-fiber thermoplastics capacity in Nanjing, China, by the second half of 2023.
Celanese has announced a slate of plant expansions, new builds and debottlenecking projects across Europe and Asia to beef up its vinyl acetate monomer (VAM) and emulsion polymers output.
Major liquid crystal polymer (LCP) producer Celanese has announced plans to build a world-scale, multi-phase polymerization plant in China to support significant growth for its Vectra and Zenite brand of polymers.
Celanese will add a new line at its plant in Bishop, Texas, USA, for its GUR brand of ultra-high molecular weight polyethylene (UHMW-PE) to support significant market growth. The new line will add about 15,000 t/y of capacity by the start of 2022.
Celanese has agreed to sell its 45% stake in the Polyplastics joint venture to partner Daicel for $1.575 billion. The deal, which is set to close later in 2020, will give Daicel full control of Polyplastics, which has been run by both companies for more than 50 years.
The chemical industry is on the threshold of a new era – the age of circularity. We asked industry experts to share their opinions on this transformational topic.
