Company Dynamic

Australian oil and gas giant Santos officially announced that it had received an $18.7 billion (approximately 134 billion RMB) acquisition offer on June 13 from a consortium led by Abu Dhabi National Oil Company (ADNOC).

Tosoh Corporation announced that it will invest 75 billion yen to build a second production facility in Nanyang Industrial Park, Shunan City, Yamaguchi Prefecture, Japan to increase its chloroprene rubber production capacity.

• Tosoh
• chloroprene rubber

Honeywell and DSM-Firmenich jointly announced that they had reached a settlement regarding a patent dispute involving US Patent No. 10,280,532 and Honeywell’s Spectra® MG BIO Blue fiber.

On June 13, global specialty materials company Eastman announced the official launch of two new production lines at its Dalian facility.

On June 17, Eli Lilly & Co. announced the acquisition of Verve Therapeutics, a gene-editing biotech firm, for $1.3 billion.

On June 13, global specialty materials leader Eastman announced the official launch of two new production lines at its Dalian plant.

Wanhua Chemical unveiled plans to expand its PDMS production capacity in Yantai Chemical Industry Park. The project involves adding two new production lines and optimizing existing facilities, increasing PDMS capacity from 9,000 tons to 29,000 tons annual

On June 11, 2025, the 18th International Solar Photovoltaic and Smart Energy (Shanghai) Conference and Exhibition officially kicked off at the National Exhibition and Convention Center (Shanghai).

Global specialty chemicals leader Nouryon and Ningbo Actmix New Materials Co., Ltd. (Actmix) announced an expanded strategic partnership aimed at accelerating the adoption of lightweight solutions in Asia's automotive industry and beyond.

INEOS Olefins & Polymers has announced the first delivery of innovative recycled pyrolysis oil to its Lavéra site in southern France, marking a major step toward meeting EU regulations requiring at least 10% recycled content in materials by 2030.

Nissan Chemical Corporation, in collaboration with Japan’s National Institute of Advanced Industrial Science and Technology (AIST), has unveiled a major breakthrough in the mode of action of the novel rice herbicide iptriazopyrid.

On June 16, 2025, Regeneron Pharmaceuticals announced it would not increase its bid for genetic testing pioneer 23andMe, which filed for bankruptcy in March.

AbbVie announced that its blockbuster cancer drug venetoclax failed to meet the primary endpoint of overall survival (OS) in patients with higher-risk myelodysplastic syndrome (HR-MDS) during the VERONA Phase 3 trial.

On June 16, 2025, Eli Lilly announced it will begin selling higher-dose versions of its popular weight-loss drug Zepbound through its website LillyDirect.

Dow’s recent decisions—a $1.62 billion court ruling against Nova Chemicals and the sale of its 50% stake in the carbon fiber joint venture DowAksa—have sent shockwaves across the global chemical industry. These

Specialty chemicals manufacturer Syensqo has increased its biodegradability and ecotoxicology testing capabilities by opening a new microbiology laboratory in Lyon, France.

• Syensqo
• microbiology baboratory

BASF announced the successful commissioning of its new world-scale hexamethylenediamine (HMD) plant in Charampes, France, which began construction in 2022.

• BASF
• HMD
• France

On June 11, Dow announced that the Court of King's Bench of Alberta, Canada, had issued a ruling on June 10, ordering Nova Chemicals Corporation to pay an additional CAD 1.62 billion (approximately USD 1.2 billion) in compensation to Dow.

The deal is expected to generate a net gain of $125 million for Dow, with the enterprise value estimated at 10 times the 2025 forecast operational EBITDA.

LyondellBasell (LYB)’s Shanghai sales company and its joint venture, Bora LyondellBasell Petrochemical Co., Ltd. (BLYB), have successfully obtained ISCC PLUS certification.