Lonza has plans to divest its Capsules & Health Ingredients business to Lone Star for an enterprise value of 3 billion dollars. The transaction is considered as the most significant step to complete Lonza’s strategic portfolio transformation to a pure-play CDMO.

Borealis has plans to invest a whooping amount of 49 million euros in order to scale up polypropylene production at its manufacturing site in Burghausen, Germany.

Under a deal signed between Neste and Amazon, Neste will supply 7,500 metric tons of neat Neste My Sustainable Aviation Fuel to Amazon Air’s cargo operations at San Francisco International Airport and Ontario International Airport in California, USA.

Lummus and Sumitomo Chemical have announced the commercial availability of their highly-efficient Polymethyl Methacrylate Chemical Recycling technology. The technology aims to reduce waste, lower emissions and unlock new value from recycled materials.

With an aim to enhance its cybersecurity resilience for industrial customers across Asia Pacific, Rockwell Automation has launched a new ‘Security Operations Center’ in Singapore. The new facility will deliver 24/7 real-time monitoring, advanced threat detection and rapid incident response through its Secureot Security Monitoring and Response capabilities.

Honeywell’s UOP Ecofining process technology has been selected by SAF One Energy Management to produce sustainable aviation fuels. SAF One aims to convert used cooking oil and other waste oils and fats into SAF, thus slashing the aviation industry’s lifecycle emissions and advancing its decarbonization goals.

The European Chemical Closures & Investments Radar 2022-2025 report, commissioned by Cefic and prepared by Roland Berger shows that chemical plant closures in Europe, has surged sixfold since 2022, reaching a cumulative 37 mt of capacity – or around 9 % of European production capacity – and resulting in the loss of 20,000 direct jobs in the chemical industry.

Europe’s chemical industry is sliding into crisis as rising energy costs, weak demand, and dwindling investments force widespread plant shutdowns. Without swift policy intervention, the region risks losing its industrial backbone to competitors in lower cost, faster growing markets.

BASF has plans to develop a global Digital Hub in Hyderabad, India with an aim to strengthen its existing global Digital Hub network in Europe and Asia Pacific.

Tosoh Corporation has recently announced that it has developed a hydrocarbon‑based polymer electrolyte for polymer electrolyte membrane water electrolysis systems. The new electrolyte offers superior proton conductivity, higher gas barrier properties and lower hydrated state swelling as compared to conventional fluorinated polymer electrolyte materials.