Page 20 - Chemicals

Asahi Glass acquires CMC Biologics

CMC Biologics is one of the leading contract development & manufacturing organisations

BioAmber and CJ CheilJedang to set up bio-succinic acid plant in China

The 36,000-MT plant will meet growing demand for bio-succinic acid in China and Asia

Production in leather clusters down by 60% due to demonetisation: Assocham

There has been 75% fall in supply of animal hide threatening closure of tanneries in major leather c

VCs invest $ 5.8 bn in bio-based chemicals start-ups globally: Study

In 2016, synthetic biology startups have raised 53% of all VC funding in bio-based materials, as ven

Sun Pharma acquires Novartis' oncology brand Odomzo for $175 mn

Acquisition of Odomzo (sonidegib), which has marketing approval in over 30 countries including US, E

Linde and Praxair merger to create $30 bn industrial gases behemoth

The combined entity will leverage upon unique strengths of each company - Linde's long-standing leadership in technology with Praxair's operational excellence

Anellotech successfully extends catalyst lifetime of biomass-to-chemicals process

The company has developed technology to lengthen catalyst lifetime in its Bio-TCat process for low cost conversion of biomass into valuable aromatic chemicals and renewable fuels

Glenmark to enhance R&D activity and focus on specialty products for growth

The company is targeting 30 percent of total revenues from specialty and innovation segments over the next decade

Mosaic buys fertiliser business of Brazil's Vale for $2.5 billion

The deal will help Mosaic to become the leading fertiliser production and distribution company in Brazil, one of the world's preeminent agricultural markets

Shell completes sale of stake in Showa Shell to Idemitsu

The sale supports Shell's strategic commitment to focus downstream activity on areas where it can be most competitive

Evonik ends cooperation with Chr Hansen for probiotic feed additives

This follows Evonik's decision to actively market its own probiotic products, after it acquired the probiotics business of the Spanish company Norel in July 2016

Shell divests Australian aviation business to Viva Energy for $ 250 mn

It follows the sale of Shell's other downstream activities in the country to Viva Energy in 2014

Gujarat govt to pick 26% stake in Swan Energy's Rs 5900 cr LNG project

State government will be part of this project through Gujarat State Petronet Limited (GSPL) and Gujarat Maritime Board (GMB)

India well-equipped to face hike in Fed rates & oil prices: Dr Arvind Subramanian

However, according to the chief economic advisor, the main challenge is in the form of weakening of Chinese currency and other competing economies

Welspun to set up Rs 600-cr carpet manufacturing facility in Gujarat

It has also started a wastewater treatment facility at Anjar. Welspun will reuse the treated water from this facility for its production activities, thus reducing its dependency on Narmada river

Baxter acquires Claris Injectables for $625 million

With this acquisition, the US-based pharma company will add global portfolio of sterile injectables, robust pipeline, and manufacturing capabilities

Promoters hike stake in fragrance & flavour firm S H Kelkar

Promoters bought 0.93 percent stake from PE firm Blackstone Group (which sold its 4 percent stake in the company) for a total consideration of Rs 40.46 crore

AkzoNobel buys BASF India's industrial coatings business

This follows the completion of global acquisition of BASF's industrial coatings business by AkzoNobel, which was first announced in February this year

Lonza buys gelatin capsules maker Capsugel from KKR for $ 5.5 billion

With 13 facilities, which include a hard capsule manufacturing facility in Delhi (India), Capsugel is one of the leading global players in advanced oral dosage delivery technologies

Technip extends PTA alliance with BP to acetic acid

As per the deal, Technip will be the exclusive provider of front end loading (FEL) services for fully-owned and JV acetic acid projects developed by BP worldwide