Indian companies’ lower spend on research and development (R&D) have been preventing them from making an impact in the innovative drug market. To promote the development of innovative drugs, the country needs to create a corresponding research eosystem, says Global Data.

The European Chemical Industry Council – Cefic shares the advantages of the chemical recycling technology in order to solve the plastic waste problem.

Total, Novatek and other project shareholders have announced the launch of Arctic LNG 2, a major LNG development in Russia. The project is expected to have a production capacity of 19.8 million tonnes per year and will be exporting its first LNG cargo by 2023.

With an aim to improve the company’s safety culture, Perstorp established the global safety project – ‘Project Dolphin’ and with the support of Dupont Sustainable Solutions developed a new safety protocol for its seven international manufacturing sites.

Under the MOU, Lyondell Basell and Bora will form a 50:50 JV in China. The new JV will also operate a 1.1 million tonne ethylene cracker which is expected to produce olefins & polyolefins in order to expand Lyondell Basell’s participation in the rapidly growing Chinese olefins & polyolefins market.

Sasol’s Lake Charles Chemicals Project (LCCP) Ethane Cracker facility in Louisiana, USA has achieved beneficial operation. With this move, the company aims to improve the quality of ethylene and also ramp up the unit.

Evonik has officially begun construction on its largest investment to date in Germany. A ceremony, which was also attended by customers, employees, and representatives from the world of politics, signaled the launch of the polyamide 12 project in Marl.

The ‘Global Pharmaceutical Functional and Multifunctional Excipients Market, Forecast to 2023,’ report by Frost & Sullivan mentions that innovative drug delivery technologies, a growing generic and biosimilar drug market, and aging population are the core factors responsible for the growth of the functional and multifunctional excipients in the pharmaceutical industry.

Clariant has inaugurated the waste water treatment plant at the zero liquid discharge site, Bonthapally in India. The plant is expected to treat 300 kilolitres of waste water per day.

The Daesan integrated refining and petrochemicals complex has begun its new ethylene production capacities in South Korea. Now, the complex can produce 1.4 million tonnes per year of ethylene, an increase of 30 %.