Page 22 - Chemicals

PE firm Blackstone buys Solvay's cellulose acetate tow business

The transaction is based on an enterprise value of about € 1 billion

Total to partner with Suez to recycle cooking oil into biofuel

As per the deal, Suez will annually supply 20,000 MT of used cooking oil to Total's La Mede biorefinery, where it will be processed into biofuel

MoUs for 5 2G ethanol plants signed at Petrotech 2016

In addition, IOCL, BPCL and HPCL signed a pact to carry out pre-project activities for setting up refinery-cum-petrochemical complex with 60 MMTPA capacity in Maharashtra

Cabinet approves NBS rates for phosphatic and potassic fertilisers

CCEA has decided to roll over the existing subsidy rates for another six months till the end of the financial year 2016-17

Sumitomo Chemical and Zeon to form S-SBR JV

Two companies will combine their respective solution styrene butadiene rubber (S-SBR) businesses to form the JV, called ZS Elastomer Co Ltd

Global bioplastics demand to grow despite low oil price

In 2021, more than 45 percent of bioplastics will be produced in Asia, says European Bioplastics

IVI to fund development of Inovio's MERS vaccine

International Vaccine Institute (IVI) will add technical, laboratory and financial support for clinical trials of GLS-5300, a MERS (Middle East Respiratory Syndrome) vaccine

Dipankar Bhattacharjee to head Teva's global generics business

Bhattacharjee, who has served as president and CEO of Teva Generics Europe since April 2013, succeeds Sigurdur Olafsson

Global drug market to reach $1.5 trillion in 2021: Study

Most global spending growth will be fuelled by significant innovations in oncology, autoimmune and diabetes treatments, according to QuintilesIMS Institute research

Clariant to tap Indian pharma sector with packaging and anti-counterfeit solutions

The company, which is setting up a healthcare packaging production facility in Cuddalore, has launched technology to combat counterfeiting in medical devices and packaging

JGC receives contract for Sumitomo Chemical's methionine plant

This new plant, which will be constructed alongside Sumitomo Chemical's existing factory located in Niihama City, is scheduled to be completed in the middle of 2018

Kuraray extends contract for supply of Amyris' bio-based farnesene

Amyris will supply its sugar cane-derived Biofene (branded beta-farnesene) to Kuraray for using it in liquid farnesene rubber and farnesene-based elastomer applications

ICMR and ICAR to collaborate for research on zoonotic diseases

Medical and agricultural research institutes ink MoU for cooperation in the area of zoonoses, anti-microbial resistance, nutrition and pesticide residues

Mitsubishi Heavy to build ExxonMobil's polyethylene plant in US

The new production unit, which is slated to be completed in 2019, will produce 650,000 tonnes of polyethylene per year

Borealis and Asmidal plan to set up melamine facility in Algeria

Two companies will carry out a feasibility study for this project to manufacture melamine, which has become an essential raw material in the global production of synthetic resins

Corbion to market BASF's human nutrition products in North America

Through this partnership, Corbion will market BASF's Spongolit aerating emulsifiers and Lamequick whipping agents in North America

Lupin to market Eli Lilly's insulin analog product in India

The Mumbai-based pharma company will market and sell Eglucent, a new brand of Lilly's insulin analog Lispro, while Eli Lilly will be responsible for manufacturing and import

PE firm Livia Group acquires Proviron Basic Chemicals

Proviron Basic Chemicals is a leading player in the European phthalic anhydride market with a plant located at Ostend in Belgium

Researchers in US develop process to make chemical p-xylene from biomass

New method, with 97 percent yield, uses biomass as the feedstock to make p-xylene, an important ingredient of common plastics that is currently produced from petroleum

"Hope benefit of demonetisation trickles down to fertilisers industry"

According to Ananth Kumar, all efforts are being taken to solve all long pending demands of the fertilisers industry, including clearance of backlog subsidy, during this financial year