en Indorama acquires PET plant in Egypt Thai polyester giant Indorama Ventures (IVL) has entered a joint venture with India’s Dhunseri Petrochem to own and operate a 540,000 t/y PET production facility belonging to Egyptian Indian Polyester Company (EIPET). The latter company is majority owned by the Indian Dhunseri. This will be the second PET joint venture between the Thai and the Indian producers. Fri, 22 Jun 2018 09:00:00 +0000 Clariant Collaborates with Hydrogenious Technologies Clariant’s catalyst business has formed an alliance with German cleantech company Hydrogenious Technologies to offer a safer and more efficient method of transporting and storing hydrogen. Because of fluctuating weather conditions, hydrogen sourced from renewable energy, such as wind and hydro power, requires large-scale storage to ensure a steady supply of electricity. But, hydrogen is difficult to transport and store because of its very low density, high flammability and extreme volatility. Fri, 22 Jun 2018 05:00:00 +0000 Leveraging Supply Chain for strategic advantage in the Chemical Industry The Chemical Industry is going through a period of significant change, driven by many factors: Thu, 21 Jun 2018 12:54:00 +0000 MOL and Inovacat in Technology Pact Hungarian oil and petrochemical company MOL has formed a strategic partnership with Dutch technology firm Inovacat. The partners intend to further scale up and commercialize Inovacat’s Gasolfin technology that converts naphtha into propylene, butylenes and the aromatics benzene, toluene and xylene. MOL said the collaboration supports its strategic objective to diversify away from fossil-based motor fuels by 2030 and become a leading chemical company in central and eastern Europe. Thu, 21 Jun 2018 09:01:00 +0000 Qatar Petroleum Seeks Partners for Petchems Complex Qatar Petroleum has invited international companies to submit proposals to become a joint-venture partner in developing and operating a petrochemicals complex at Ras Laffan, Qatar. The complex will include an ethane cracker with a capacity of 1.6 million t/y of ethylene, making it the largest cracker in the Middle East, Qatar Petroleum said. Engineering design should commence shortly and completion is anticipated in 2025. Thu, 21 Jun 2018 08:00:00 +0000 Ineos Loses Scottish Fracking Challenge Score one for the Scottish government – for now. Reaching a verdict fairly quickly after hearing a challenge brought by Ineos Upstream and gas producer Reach CSG against Scotland’s moratorium on shale gas exploration, the Court of Session in Edinburgh has ruled that the chemical group doesn’t have a case, as there is actually no ban in place. Thu, 21 Jun 2018 06:00:00 +0000 Bayer Concludes Monsanto Refinancing In the last refinancing step for the now completed Monsanto acquisition, Bayer Capital Corporation – Dutch-based finance subsidiary of the German group – has issued bonds with a volume of €5 billion. The issue ,comprised of four tranches with maturities of 4 to 11½ years and offered exclusively to institutional investors, was more than four times oversubscribed, Bayer said. The bonds will be listed on the Luxembourg Stock Exchange. Thu, 21 Jun 2018 03:25:00 +0000 Dow Chemical Expands Glycol Ethers/Alkoxylates Dow Chemical, part of the merged DowDuPont group, has announced plans to increase capacity for glycol ethers and alkoxylates to meet rising demand. Wed, 20 Jun 2018 06:00:00 +0000 Azelis to be bought by EQT and PSP Funds Antwerp, Belgium-based specialty chemicals and food ingredients distributor Azelis said its private equity owner Apax Partners has received a binding takeover offer from two other funds, EQT VIII and PSP Investments, and is in exclusive negotiations to transfer its holding. Wed, 20 Jun 2018 03:54:00 +0000 Roche Buys Rest of Foundation Medicine Swiss drugmaker Roche is paying $2.4 billion to acquire the rest of the shares it does not already own in US molecular and genomic analysis company Foundation Medicine (FMI).  The move is part of Roche’s drive toward offering personalized healthcare. Wed, 20 Jun 2018 03:37:00 +0000 AkzoNobel Buys Romanian Paint Company Dutch paints and coatings company AkzoNobel has agreed to buy Romania’s Fabryo for an undisclosed sum. Based near Bucharest, the company, is a leading player in the Romanian paints market and the only one offering products for both consumers and professionals.  It generated revenues of around €45 million in 2017. Tue, 19 Jun 2018 08:00:00 +0000 Ineos Shale seeks new Drill Permit in Yorkshire After winning its appeal against a decision by the Rotherham Council in Yorkshire to deny the company permission for test drilling at a greenbelt site in Harthill, Ineos Shale has submitted a second planning application. The new application is for a drill site at nearby Woodsetts, where the council has also refused drilling permission. Tue, 19 Jun 2018 06:00:00 +0000 China Develops new HIV Drug Albuvirtide, a new drug developed by Frontier Biotechnologies in China, is claimed to be the world's first long-acting fusion inhibitor for HIV. It works by blocking the fusion between the virus and the host cell membranes, interrupting the virus's life cycle before it has begun to do harm. Tue, 19 Jun 2018 03:21:00 +0000 Merck‚Äôs Keytruda Nabs More US Approvals The US Food and Drug Administration (FDA) has granted two more approvals for US Merck’s Keytruda, an anti-PD-1 therapy. In the first, the drug gained its first regulatory clearance as a gynaecological cancer treatment. It is the first anti-PD-1 therapy to be approved for patients with advanced cervical cancer and progression on or after chemotherapy. Mon, 18 Jun 2018 08:00:00 +0000 Haldor Topsoe Seeks Minority Investors Danish technology and catalysis company Haldor Topsoe is seeking minority investors to accelerate its growth and further strengthen the business. The company is currently 100% family owned through Haldor Topsoe Holding, which will continue as the long-term majority shareholder. It is also looking at an initial public offering (IPO) some years ahead. Mon, 18 Jun 2018 03:42:00 +0000 LyondellBasell Confirms Braskem Talks LyondellBasell has confirmed exclusive talks with Braskem‘s controlling shareholder, Odebrecht, about acquiring the Brazilian petrochemicals producer. The companies said a deal “would create significant value.” Sun, 17 Jun 2018 21:47:00 +0000 PKN Orlen Unveils Expansion Program Poland’s PKN Orlen has announced a petrochemical investment program amounting to approximately 8.3 billion zloty ($2.3 billion), described as its largest on record. The company said the investment would enable deeper integration of its refining and petrochemical segments and further diversity its revenue sources. Fri, 15 Jun 2018 09:30:00 +0000 CEFIC Touts REACH as an Export Brand Marco Mensink, director general of the European Chemical Industry Council (CEFIC), has called for the establishment of REACH as an export brand. Addressing delegates to the Helsinki Chemicals Forum this week, he suggested that Europe could develop a "smart REACH foreign policy" in which compliance with the chemicals legislation could be marketed globally. Fri, 15 Jun 2018 07:00:00 +0000 French Beekeepers sue Bayer over Glyphosate A beekeeping cooperative in northern France has filed a legal complaint against Bayer after traces of the controversial herbicide active ingredient glyphosate were found in batches of honey. Glyphosate is the key ingredient in Monsanto’s Roundup weed-killing program, used heavily in France. Reports said the apiarists filed the suit on June 7 to coincide with the closing of Monsanto's merger with Bayer. Fri, 15 Jun 2018 03:32:00 +0000 Oltchim Puts Petchem Assets up for Sale Romania’s Oltchim has put some of its petrochemical assets up for sale. The company, which has been subject to bankruptcy proceedings since 2013, is selling its PVC II plant at Ramnicu Valcea, a phthalic anhydride plant at the same location, plus a petrochemical facility at Bradu-Pitesti. The latter is said to include production of ethylene/propylene, LDPE/HDPE, benzene and ethylene oxide/glycol (EO/EG). Thu, 14 Jun 2018 09:00:00 +0000 EPA Takes Action on Chemicals, Asbestos The US Environmental Protection Agency (EPA) has now released for public comment the first 10 problem formulation documents under the newly revised Toxic Substances Control Act (TSCA legislation) formally known as the Frank R. Lautenberg Chemical Safety for the 21st Century Act. Thu, 14 Jun 2018 07:00:00 +0000 BASF Invests in Carbon Recycler LanzaTech BASF Venture Capital, the subsidiary of the Ludwigshafen chemical giant that takes stakes in start-ups, is investing an undisclosed sum in LanzaTech, a US biotech firm headquartered in Chicago. Thu, 14 Jun 2018 03:33:00 +0000 IMCD to Buy US Distributor E.T. Horn Dutch specialty chemicals distributor IMCD is strengthening its presence in the US market following an agreement to buy E.T. Horn. Wed, 13 Jun 2018 09:00:00 +0000 Brexit is Costly, UK Drugmakers say Uncertainty about the effects of Brexit on the pharmaceuticals sector is forcing British drugmakers to invest hundreds of millions of pounds to maintain the steady supply of medicines to patients, according to the Association of the British Pharmaceutical Industry. Wed, 13 Jun 2018 07:02:00 +0000 VCI calls for Uniform CO2 Price in G20 Germany’s chemical industry association Verband der Chemischen Industrie (VCI) has called for worldwide uniform pricing of CO2 emissions, in order to guarantee a level playing field for companies working to reduce greenhouse gases. Wed, 13 Jun 2018 03:10:00 +0000