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Pfizer Sells 49 % of its JV Equity Shares

China: Pharma

Pfizer Sells 49 % of its JV Equity Shares

11/16/2017 - The company has sold its shares in its joint venture, Hisun-Pfizer Pharmaceuticals, to Sapphire I (HK) Holdings. Post the transfer, the joint venture will retain its current rights to manufacture, sell and distribute the company’s products in China. read...

Biocad Keen to Enter European Market

Biotechnology

Biocad Keen to Enter European Market

11/16/2017 - Russian biotechnology company, Biocad has plans to enter the European market with oncological and autoimmune medicines. The last phase of the clinical trials are currently underway. read...

Novartis Plans to Acquire Advanced Accelerator Applications

MOU

Novartis Plans to Acquire Advanced Accelerator Applications

11/16/2017 - Novartis will commence a tender offer upon completion of works council consultation and AAA’s Board of Directors recommending the tender offer to its shareholders. The deal will help the company to strengthen its oncology portfolio with both near-term product launches as well as a new technology platform. read...

Total Acquires Engie’s Upstream LNG Business

Acquisition

Total Acquires Engie’s Upstream LNG Business

11/16/2017 - Post the transaction, Total will become the second largest LNG player in the world with a global market share of 10 %. The company will also manage an overall volume of around 40 million tonnes of LNG per year by 2020. read...

Lanxess Announces Acquisition of Solvay's Phosphorus Additives Business in the USA

USA: Speciality Chemicals

Lanxess Announces Acquisition of Solvay's Phosphorus Additives Business in the USA

11/15/2017 - Specialty chemicals company Lanxess and Solvay have signed an agreement for the Germany company to acquire the phosphorus chemicals business with a US production site from Belgian chemical group. read...

Clariant to Supply Unique Sorbent Material for RTI's Desulfurization Technology

Germany: Warm Gas Desulfurization

Clariant to Supply Unique Sorbent Material for RTI's Desulfurization Technology

11/15/2017 - Clariant has signed a global licensing agreement with RTI International granting them exclusive rights of supply for their solid sorbent material which is used in warm gas desulfurization (WDP). read...

EU Institutions Reach Deal on Reform of Emission Trading Scheme

Belgium: Emission Reduction

EU Institutions Reach Deal on Reform of Emission Trading Scheme

11/15/2017 - The Council, European Parliament and European Commission have reached a provisional political deal on reforming the EU Emission Trading Scheme (EU ETS). read...

Saudi Aramco Signs Contracts worth 4.5 Billion Dollars

Mega Oil and Gas Projects

Saudi Aramco Signs Contracts worth 4.5 Billion Dollars

11/15/2017 - Saudi Aramco has recently signed agreements with several oil and gas service contractors for its mega oil and gas projects that will be designed to enhance the company’s energy sustainability, expand gas production, localize domestic content and also diversify the economy. The agreements are valued at nearly 4.5 billion dollars in total. read...

China Energy to Invest 83 Billion Dollars in Shale Gas and Chemical Manufacturing Projects

West Virginia: Agreement

China Energy to Invest 83 Billion Dollars in Shale Gas and Chemical Manufacturing Projects

11/15/2017 - A MOU between China Energy and the state of West Virginia was signed in the presence of US President Donald Trump and Chinese President Xi Jinping. read...

Haldor Topsoe Introduces New Sulfuric Acid Catalyst

Denmark: SO2 Oxidation

Haldor Topsoe Introduces New Sulfuric Acid Catalyst

11/14/2017 - With the introduction of Haldor Topsoe’s new VK-711 'Leap' catalyst, sulfuric acid plants can reduce emissions and operational costs at the same time. read...

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