Mitsubishi Chemical Corporation has plans to take over the European firms of CFK Valley Stade Recycling and Carbonxt. The aim of the acquisition is line with the company’s goals of promoting the circular economy.

Technip FMC’s proprietary Hummingbird ethanol-to-ethylene technology has been finalised by Lanza Tech to manufacture sustainable aviation fuel. The technology will be used to produce 10 million gallons per year of sustainable aviation fuel and renewable diesel.

The search engine and market intelligence platform chembid starts the year with a new strategic partner. Evonik Venture Capital has joined as a new shareholder. The investment is intended to support the development of an independent marketing platform for the chemical industry.

Paula A. Price and Derica W. Rice are the two new independent directors elected by Bristol Myers Squibb’s Board of Directors. Both of them will be joining the company w.e.f September 1, 2020.

Under the terms of the agreement, Air Liquide will design, build, own, and operate a new Air Separation Unit (ASU) to increase steel production at NLMK’s Lipetsk site in Russia. The new unit is expected to produce 1,000 tonnes of oxygen per day.

The European Chemical Industry Council (Cefic) supports the chemical recycling technology and believes that it is important for the technology to stay part of the EU’s innovation agenda in order to create a more dynamic market for recycled plastic.

The power purchase agreements with Ilmatar Energy will enable Borealis to increase its share of renewable power at its production facilities in Finland. The move is in line with the firm’s ambition of sourcing at least 50 % of Borealis Group’s electricity consumption from renewable sources by 2030.

Targeting India’s expanding road-building industry; Total and Indian Oil have established a 50:50 joint venture firm to produce and market high-quality bitumen derivatives. Under the terms of the deal, the new JV Company will set up manufacturing units in different parts of India.

The Marchesini Group has introduced two machines – the Marchesini BL-A420 CW labeler and the CMP Phar.Ma SV inspection machine for the pharmaceutical industry.

With this deal, LGM Pharma will expand its Contract Development and Manufacturing Organisation capabilities. This move will also enable its customers to accelerate and optimise the new product pathway from early development through commercialisation.