BASF and Siemens Energy have partnered to fast-track the implementation of new technologies – specializing in lowering greenhouse gas emissions – on a commercial scale. Numerous pilot projects will first be studied and then launched at BASF’s Ludwigshafen site in Germany.

With an aim to achieve carbon neutrality by 2050, Sumitomo Chemical has plans to create a Carbon Neutral Strategy Council which will enable the company to formulate strategies and set milestones to attain its objective. The organization will also set up a Carbon Neutral Strategy Cross-Functional Team to support the Council.

Cannabis removed from the UN prohibition schedule and CBD not considered as a narcotic drug — Two major decisions to drive further research to explore the full potential of one of the major and longest established medicinal plants. A new report provides information on production technologies, medical applications and political framework conditions.

Borealis has began the process to divest its nitrogen business unit. At present, the company’s share in fertilizer production sites in The Netherlands and Belgium are not being considered as part of the sales process.

Linde has plans to build, own and operate a 24-megawatt electrolyzer facility at the Leuna Chemical Complex in Germany. The mega plant will produce green hydrogen and supply it to its industrial customers.

Uniper and the Port of Rotterdam Authority have commenced a feasibility study regarding the construction of a green hydrogen plant at Maasvlakte in Rotterdam, the Netherlands. Once the study is complete, the partners are expected to develop a 100 MW plant which will later be expanded to 500 MW.

Lonza has plans to divest its Specialty Ingredients business to Bain Capital and Cinven for 4.6 billion dollars. The move is expected to assist Lonza to refocus its business in the healthcare industry.

In 2020, the number of merger and acquisition deals in the chemical and life sciences sector increased; however, the transaction volume of the deals fell drastically in the first half of last year. In the second half of the year, it was revived, according to KPMG.

JPF Netherlands, the holding company of Jindal Films Europe, has acquired 100 % shares in Domo Chemicals’ Domo Films Solutions Spa (DFS). The move is expected to expand Jindal Films’ business into nylon films.

Eastman’s new dimethylaminoethanol unit is located at its Nanjing site in China. With this new project, the company intends to expand its dimethylaminoethanol capacity, support its Asia sales and further strengthen its global alkyl alkanolamines business.