en Air Products Refutes Yingde’s Cooperation Claims Following its $1.4 billion offer last month to buy Yingde Gases Group, Air Products has taken the unusual step of publicizing a letter it has written disputing several public statements made by the Chinese company. Mon, 20 Feb 2017 10:20:00 +0000 EU Parliament Passes ETS Reform Draft By a vote of 379 to 263 with 57 abstentions, the plenary session of the European Parliament on Feb. 15 adopted draft legislation for revising the Emission Trading Directive (ETS). The vote came after criticism of the Parliament’s perceived foot dragging on a reform that would reflect the EU’s commitment to meeting its goals under the Paris climate agreement. Mon, 20 Feb 2017 05:09:00 +0000 Ineos Forwards to the Past with Off-roader Few in the chemical industry would have predicted that Swiss-British petrochemicals group Ineos would diversify into car production, though its chairman, Jim Ratcliffe, is often good for a surprise. The chemicals billionaire, who has been conducting a personal crusade to bring manufacturing back to the home of the industrial revolution, has spotted an opportunity. And this is something the chemicals billionaire is rather good at, considering his past track record. Fri, 17 Feb 2017 13:33:00 +0000 Industry and Trade Groups Welcome EP’s CETA Vote The European Parliament’s approval on Feb. 15 of the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada has been welcomed by the European Chemical Industry Council (CEFIC) as well as German chemical industry association Verband der Chemischen Industrie (VCI) and the trade union IG BCE. Fri, 17 Feb 2017 13:31:00 +0000 1st European Chemistry Partnering The concept of creating a Pitch-and-Partnering event for the chemistry industry and its user industries has proven to be successful. 135 decision makers from 15 countries took part in the 1st European Chemistry Partnering in Frankfurt am Main, Germany. 22 small and medium-sized chemical companies and chemical Start-ups described their offerings in short presentations. More than 200 Partnering meetings with investors and industry representatives were held. Fri, 17 Feb 2017 11:32:00 +0000 National Trust Charity Holds Out Against Shale Probes UK charity National Trust is standing firm against allowing seismic surveying – a prerequisite for shale gas exploration – at its historic Clumber Park in Nottinghamshire, despite suggestions by Ineos Shale that it might invoke the Working Facilities and Support Act of 1966 if landowners refuse permission to survey. This law dating from the coal mining era allows companies to apply for an “ancillary right” of access. Fri, 17 Feb 2017 10:19:00 +0000 Let the hydrogen flow! Europe's first multi-energy filling station in Berlin runs smoothly for more than two years. The higher-level process control system from Siemens monitors the networked plant and communicates with the different modules of the cooperation partners that provide the hydrogen generated from wind power and solar energy. Fri, 17 Feb 2017 09:05:00 +0000 A Disciplined Approach to Safety A while back, I saw a horrific Facebook video of a massive explosion at a processing facility in Mexico that killed 30 people and injured 46. Among the many comments on that post, one stated “stuff happens, stay safe out there.” The comment reflects a common attitude in the workplace; that we are not in control of our personal safety and the responsibility for safe working environments belongs to others. Well, stuff doesn’t just happen and we are not powerless in the face of asset failure. Fri, 17 Feb 2017 08:32:00 +0000 Clariant and CB&I to Design PDH Unit in China Swiss specialty chemicals producer Clariant and US engineering contractor CB&I have been awarded a contract by Dongguan Grand Resource Science & Technology to jointly develop a new high-efficiency propane dehydrogenation (PDH) plant at Dongguan City in China’s Guangdong Province. The project includes the license and engineering design of the unit. Fri, 17 Feb 2017 05:12:00 +0000 Imperial acquires Kenyan pharmaceutical distributor Surgipharm Imperial Logistics, a wholly owned division of Imperial Holdings, has entered into an agreement to acquire a 70% interest in Surgipharm, a leading pharmaceutical distributor in Kenya, for a cash consideration of 35 million USD. Thu, 16 Feb 2017 17:08:00 +0000 Tusk in UK Cancer Collaboration The UK’s Tusk Therapeutics is joining Cancer Research Technology (CRT) and University College London (UCL) to research, develop and commercialize an antibody-based therapeutic against a target known to play a key role in immune suppression in cancer. Thu, 16 Feb 2017 16:59:00 +0000 BASF’s Ludwigshafen TDI plant to Partially Restart BASF’s troubled 300,000 t/y TDI plant at Ludwigshafen, Germany, will remain offline for a few more weeks before being partially restarted and operated at a reduced capacity, the group said on Feb. 15. The massive plant, which initially went online in the third quarter of 2015, had to be taken off stream at the end of 2016 due to a technical defect. Thu, 16 Feb 2017 13:49:00 +0000 DuPont and Chemours End PFOA Suits for $671 Million DuPont and Chemours (the US chemical giant’s former Performance Materials segment) have agreed to jointly pay $670.7 million in cash to settle out of court around 3,550 personal injury lawsuits related to discharges of perfluorooctanoic acid (PFOA) from the former DuPont Washington Works at Parkersburg in the US state of West Virginia. Thu, 16 Feb 2017 04:42:00 +0000 Reckitt Benckiser Acquires Mead Johnson UK household goods giant Reckitt Benckiser has agreed to buy US baby milk maker Mead Johnson for $16.6 billion. Its cash offer of $90 per share has been accepted by Mead Johnson’s board, with Chairman James Cornelius saying Reckitt’s offer provides “tremendous value” to shareholders. The deal is worth $17.9 billion, once Mead Johnson’s debt is taken into account. Thu, 16 Feb 2017 04:30:00 +0000 Germany’s AlzChem Postpones IPO German chemical producer AlzChem has decided to postpone its planned initial public offering (ipo), blaming political issues for causing persistent uncertainty for new investments. Trading of AlzChem’s shares was originally planned to start on the Frankfurt Stock Exchange on Feb. 10. Wed, 15 Feb 2017 14:52:00 +0000 Elementis Pays $360 Million for SummitReheis The UK’s Elementis has agreed to acquire US specialty chemicals company SummitReheis from an affiliate of private equity firm One Rock Capital Partners for $360 million. The combined company will create a business with annual sales of around $200 million. Wed, 15 Feb 2017 12:42:00 +0000 HCS and GEVO in LOI for Offtake Pact HCS Group, owner of German hydrocarbons and specialty chemicals manufacturer Haltermann Carless Solutions, has signed a Letter of Intent (LOI) for a long-term definitive offtake agreement with US renewable chemicals and advanced biofuels producer GEVO, based at Englewood, Colorado. The pact would cover the purchase of renewable isooctane in two phases. Wed, 15 Feb 2017 10:32:00 +0000 Sanofi to Sell Five OTC Products to Ipsen French pharmaceutical producer Sanofi has agreed to sell five consumer healthcare products in certain European territories to compatriot drugmaker Ipsen for €83 million. The cash-and-credit deal, expected to complete in this year’s second quarter, is designed to comply with the European Commission’s restrictions on its planned asset swap with Germany’s Boehringer Ingelheim. Wed, 15 Feb 2017 05:24:00 +0000 Huntsman Rejoins American Chemistry Council After an absence of several years, Huntsman has rejoined the American Chemistry Council (ACC), with president and CEO Peter Huntsman taking up a position on the ACC’s executive committee and board of directors. Tue, 14 Feb 2017 15:12:00 +0000 McKinsey Says Digitization Offers Gains for Chemicals Digitization could offer chemical companies the opportunity to unlock more than $200 billion of new value, according to new research by global management consultant McKinsey. Tue, 14 Feb 2017 13:16:00 +0000 Evonik Establishes Digital Subsidiary German chemical producer Evonik is kick-starting its entry to the digital business world with  a new wholly owned new subsidiary, Evonik Digital, aimed at developing new digital business models and building up in-house digital expertise. Tue, 14 Feb 2017 10:09:00 +0000 AmCham Germany Worried About TTIP fate The American Chamber of Commerce in Germany (AmCham) wants European interests to push the US government to ratify the proposed Transatlantic Trade and Investment Pact (TTIP) between the EU and the US. The organization’s president. Tue, 14 Feb 2017 05:02:00 +0000 Overlack Group Acquires Ceepal The Overlack Group, a chemical distributor for commodities and specialties, acquired Belgian chemical distributor Ceepal. Headquartered in Mönchengladbach, Germany, Overlack has more than 40 operations in 16 countries across Europe and reported annual sales of EUR 645 million in 2016. Mon, 13 Feb 2017 14:09:00 +0000 Canexus Takes Chemtrade Logistics Canadian sodium chlorate and chloralkali company Canexus has approved its takeover by Chemtrade Logistics. Under a deal agreed last December, Chemtrade will pay 1.65 Canadian dollars per share, valuing Canexus at around 900 million Canadian dollars, or $692 million, including debt. At a Feb. 8 meeting, 84.51% of Chemtrade’s common shareholders voted to approve the deal. Mon, 13 Feb 2017 13:40:00 +0000 Denmark Joins Crowd Offering EMA Post-Brexit Base Denmark is the latest country to throw its hat into the ring and offer a post-Brexit home for the European Medicines Agency (EMA). The London-based authority, which employs around 900 people, approves and monitors pharmaceuticals in EU countries but will relocate to another member state when the UK leaves the economic zone. Mon, 13 Feb 2017 10:33:00 +0000