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BASF to Invest 10 Billion Dollars in New Verbund-Site Located in Zhanjiang

Investment in Growth Market

BASF to Invest 10 Billion Dollars in New Verbund-Site Located in Zhanjiang

01/11/2019 - Martin Brudermüller, Chairman of the Board of Executive Directors, BASF SE, and Lin Shaochun, Vice Governor of Guangdong Province, signed a Framework Agreement in Ludwigshafen setting out further details of BASF’s plan to establish a new smart Verbund site in Guangdong, China. The total investment is estimated to reach up to $ 10 billion and will be implemented in phases. read...

Ineos to Establish 100 KT Capacity ASA Plant in Texas

USA: Polymers

Ineos to Establish 100 KT Capacity ASA Plant in Texas

01/09/2019 - With this project, Ineos Styrolution aims at expanding its ASA and ABS production capacity in North America. It will also strengthen the company’s position as the only global producer with ASA production capacity in the Americas. read...

Adama and Anpon to Sign Purchase Agreement Soon

China: Crop Protection

Adama and Anpon to Sign Purchase Agreement Soon

01/09/2019 - Adama aims to acquire Anpon as the firm plays an important part of the former company’s global crop protection market. Anpon also adds significant synthesis and formulation capabilities to the company’s China operational hub. read...

Francesca Wuttke Appointed New Chief Digital Officer at Almirall

Spain: Management Change

Francesca Wuttke Appointed New Chief Digital Officer at Almirall

01/09/2019 - Under her new role, Wuttke will be responsible for developing and executing end-to-end digital strategy which is expected to be a core area for the firm’s success in the near future. read...

Shell to Commence Production at Fourth Alpha Olefins Unit

USA: Petrochemicals

Shell to Commence Production at Fourth Alpha Olefins Unit

01/09/2019 - The company’s 425,000 tonnes per year capacity expansion at the chemcial manufacturing site in Geismar is expected to bring the total alpha olefins production to more than 1.3 million tonnes per annum. read...

Novatek, Nuovo Pignone Enter into Contract for Turbo Machinery Equipment

Russia: LNG

Novatek, Nuovo Pignone Enter into Contract for Turbo Machinery Equipment

01/08/2019 - Novatek requires the specialised turbo machinery for its Arctic LNG 2 project. With the machinery, the firm aims to produce 6.6 million tonnes of LNG annually. read...

Dupont Increases Polymerization Capacity in Germany

Germany: High Temperature Nylon

Dupont Increases Polymerization Capacity in Germany

01/07/2019 - Dupont Transportation & Advanced Polymers (T&AP) recently announced its plans to extend its High Temperature Nylon polymerization capacity at Uentrop facility in Hamm, Germany. read...

Tata Chemicals Collaborates with C-MET

India: Lithium-Ion Batteries

Tata Chemicals Collaborates with C-MET

01/07/2019 - Under the agreement, both the companies will work together to develop a technology for the recovery and purification of cathode and anode active ingredients from spent lithium ion cells. read...

Lanxess Completes Sale of Arlanxeo to Saudi Aramco

Germany/Saudi Arabia: Transaction Completed

Lanxess Completes Sale of Arlanxeo to Saudi Aramco

01/04/2019 - Lanxess has completed the sale of its remaining 50 % interest in the rubber company Arlanxeo to Saudi Aramco. All relevant antitrust authorities have granted the necessary approvals for the transaction announced in August 2018. read...

Bristol-Myers Squibb to Acquire Celgene for $ 74 Billion

USA: Mega Merger in Pharmaceutical Business

Bristol-Myers Squibb to Acquire Celgene for $ 74 Billion

01/04/2019 - Bristol-Myers Squibb and Celgene announced that they have entered into a definitive merger agreement under which Bristol-Myers Squibb will acquire Celgene in a cash and stock transaction with an equity value of approximately $ 74 billion. The combination creates a leading specialty biopharma company in the areas of cancer, inflammatory and immunologic. read...

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