Company Dynamic

BASF has signed a supply agreement for Braven PyChem with Braven Environmental, a market leader in advanced recycling.

• BASF
• Braven

Pfizer announced the appointment of Dr. James List as its new Chief Medical Officer for Internal Medicine. In this pivotal role, Dr. List will oversee Pfizer's internal medicine portfolio, managing everything from early drug discovery to late-stage develo

Bayer's CEO, Bill Anderson, has seen his total compensation drop to approximately €8.84 million ($9.6 million) for 2024, marking a 21% decrease compared to the previous year.

On March 10, 2025, it was reported that Eli Lilly's CEO, David Ricks, has experienced a 10% increase in his total compensation for 2024, bringing his earnings to an impressive $29.2 million.

Recently, Pemex, Mexico's state-owned oil company, announced a plan to invest 20 billion Mexican pesos over the next six years to revitalize its petrochemical operations.

Shard Capital Partners, a UK investment firm, announced that Egypt plans to invest $7 billion in the construction of a new petrochemical facility in New Alamein City in the northwest.

On March 4, Mitsubishi Chemical Group (MCG) announced its participation as the sole Japanese member in the Global Impact Alliance (GIC), a platform aimed at creating a low-carbon future.

BASF's Coatings Division announced a significant Letter of Intent (LoI) with NIO, a pioneer in the global smart electric vehicle market, to establish a strategic partnership that aims to enhance collaboration in the automotive coatings sector.

Shandong Dawn Polymer Materials Co., Ltd. (the "Company") convened the 21st meeting of its fifth board of directors, where it approved the resolution to terminate the investment in the Dawn Biodegradable Materials Project.

Brennetag has renewed its distribution agreement with Syensqo to provide high-quality and sustainable aroma products, specifically Rhovanil vanillin and Rhodiarome ethyl vanillin, to customers in Southeast Asia, Australia, New Zealand and Taiwan, China.

• Brennetag
• Syensqo

CNOOC and Shell Petrochemicals (CSPC), a joint venture between Shell Nanhai Limited and CNOOC Petrochemical Investment Co., Ltd., has made a final investment decision to expand its petrochemical complex in Daya Bay, Huizhou, southern China.

• CNOOC
• Shell
• CSPC
• petrochemical Complex

The Canadian government has announced a $5 million investment in Konscious Foods, a plant-based seafood company based in British Columbia.

On March 5, BASF announced that Heather Remley, currently the President of Global Engineering Services, will take over as the new President and CEO at BASF’s Florham Park, New Jersey location starting April 1, 2025.

BASF, along with the Yangtze River Delta Physical Research Center and Beijing Weilan New Energy Technology Co., Ltd., signed a groundbreaking cooperation agreement to develop the next generation of solid-state battery packs.

On March 10, 2025, Dow announced a strategic investment in Xycle, a pioneer in advanced chemical recycling technology based in Rotterdam, Netherlands.

On March 10, Röhm announced a pressure incident at its Bay City facility in Texas, which occurred on March 7 during the commissioning of a refrigeration unit.

Brenntag has announced a strategic partnership with Parkim Fragrance House, a leading Turkish perfumer. Brenntag will promote all of Parkim’s innovative fragrance solutions in Denmark, Sweden, Norway, Finland and Iceland.

• Brenntag
• Parkim

Asahi Kasei Corporation has completed the construction and production of its high-performance materials manufacturing base in Nantong, marking a significant milestone with a total investment of approximately 2.2 billion yuan.

On the morning of March 7, Zhangjiagang Free Trade Zone signed an investment intention agreement with Jotun Group for a high-performance coating project.

Recently, BASF released a price increase notice indicating that it plans to raise prices for various engineering plastics compounded products in North America, as permitted by contracts.