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Company Dynamic

Samsung E&A acquires $215 million ethylene storage plant from Ras Laffan Petrochemical

Samsung E&A acquires $215 million ethylene storage plant from Ras Laffan Petrochemical

2024-11-18

Samsung E&A, a global provider of integrated solutions for the energy industry, announced that it has signed a contract with Qatar's Ras Laffan Petrochemical Company (RLP) for the Qatar RLP ethylene storage plant.

Eastman Invests in Interlayer Production in Europe

Eastman Invests in Interlayer Production in Europe

2024-11-18

Eastman Chemical Company has announced that it is investing to upgrade and expand extrusion production capabilities for its interlayer product line at its manufacturing facility in Ghent, Belgium.

1.2 million tons per year! Sinopec Tianjin Ethylene Complex Successfully Put into Operation

1.2 million tons per year! Sinopec Tianjin Ethylene Complex Successfully Put into Operation

2024-11-18

Sinopec announced on the 13th that its new ethylene complex in Tianjin Nangang Industrial Zone has been successfully put into operation, with an annual output of 1.2 million tons of ethylene and downstream high-end new materials.

Nippon Shokubai acquires emulsion technology assets from JSR Corporation

Nippon Shokubai acquires emulsion technology assets from JSR Corporation

2024-11-15

Nippon Shokubai has entered into a major agreement with JSR Corporation to acquire a stake in JSR subsidiary Emulsion Technology Co. (E-TEC), which was founded in 1963.

ICIG acquires Valtris’ European Advanced Organics business

ICIG acquires Valtris’ European Advanced Organics business

2024-11-15

International Chemical Investors Group (ICIG) has acquired the European Advanced Organics business from Valtris Specialty Chemicals.

Vulcan Opens Downstream Lithium Hydroxide Optimization Plant

Vulcan Opens Downstream Lithium Hydroxide Optimization Plant

2024-11-15

Vulcan Energy officially launched its downstream Central Lithium Electrolysis Optimization Plant (CLEOP) today at a ceremony at the Hoechst Industrial Park in Frankfurt, Germany.

Merck Invests $3.288 Billion for Exclusive Rights to New Drug LM-299

Merck Invests $3.288 Billion for Exclusive Rights to New Drug LM-299

2024-11-15

On November 14, Merck announced that it has reached an agreement with Lixin Pharmaceutical to obtain exclusive global development, production and commercialization rights for Lixin Pharmaceutical's new PD-1/VEGF bispecpecic antibody LM-299.

Japan's Eisai Pharmaceutical Sales Forecast Slashed by 25%! Alzheimer’s Drug Leqembi Faces Challenges

Japan's Eisai Pharmaceutical Sales Forecast Slashed by 25%! Alzheimer’s Drug Leqembi Faces Challenges

2024-11-15

Japanese pharmaceutical company Eisai has significantly lowered its sales forecast for its Alzheimer's treatment Leqembi, predicting a 25% reduction in sales in fiscal year 2024.

Pfizer Plans to Sell Hospital Drug Division, 35% of Chinese Market to Change Hands

Pfizer Plans to Sell Hospital Drug Division, 35% of Chinese Market to Change Hands

2024-11-15

On November 12, Reuters reported that US pharmaceutical giant Pfizer plans to sell its hospital drugs unit and is currently working with Goldman Sachs to evaluate it.

Novartis Sues Eli Lilly for Infringing $1 Billion Drug Patent

Novartis Sues Eli Lilly for Infringing $1 Billion Drug Patent

2024-11-15

In an effort to protect the patent rights for radiation ligand therapy, Novartis has filed a lawsuit against Eli Lilly and its partner Lantheus, alleging infringement of the patent rights for the prostate cancer drug Pluvicto.

Clariant launches melamine-free flame retardant for intumescent coatings

Clariant launches melamine-free flame retardant for intumescent coatings

2024-11-14

Clariant has launched its new generation of melamine-free flame retardants, a safer, more future-proof solution that delivers superior fire performance and meets the stringent requirements of modern industry.

Clariant upgrades syngas catalyst portfolio

Clariant upgrades syngas catalyst portfolio

2024-11-14

Clariant, a specialty chemicals company focused on sustainability, announces the successful market launch of its new Plus Series syngas catalysts.

Roche Invests $1.8 Billion to Explore New Cancer Treatments with Flare

Roche Invests $1.8 Billion to Explore New Cancer Treatments with Flare

2024-11-13

Flare Therapeutics has announced a major strategic discovery collaboration agreement with Roche, a leading global pharmaceutical company. The main goal of this collaboration is to jointly develop small molecule cancer therapies that target transcription f

Lanxess Sees Surging Performance: Steady Sales Amid Falling Costs?

Lanxess Sees Surging Performance: Steady Sales Amid Falling Costs?

2024-11-13

Lanxess achieved sales of 1.598 billion euros in the third quarter, which remained stable compared to the same period last year. What is striking, however, is the sharp rise in earnings, with third-quarter earnings before interest, tax, depreciation and a

What is the Difference Between Oxidation & Oxidization?

What is the Difference Between Oxidation & Oxidization?

2024-11-13

Oxidation and oxidization mean the same thing, but only oxidation is the correct scientific term. Learn why this matters in chemistry and industry.

Brenntag expands Duisburg lab, enhances CASE and construction capabilities

Brenntag expands Duisburg lab, enhances CASE and construction capabilities

2024-11-13

Brenntag announces the official opening of an expansion of its CASE and Construction Innovation and Application Center in Duisburg, Germany, doubling the existing lab space.

Safic-Alcan Partners with Sharon Personal Care to Expand Product Offerings in Spain and Portugal

Safic-Alcan Partners with Sharon Personal Care to Expand Product Offerings in Spain and Portugal

2024-11-13

Safic-Alcan, a global specialty chemicals distributor, announces an expanded partnership with Sharon Personal Care, a renowned supplier of active and functional ingredients to the personal care industry.

BASF to increase X3D catalyst production capacity in Ludwigshafen

BASF to increase X3D catalyst production capacity in Ludwigshafen

2024-11-13

BASF will invest in increasing production capabilities for its X3D technology, a new additive manufacturing technology for catalysts based on 3D printing. The plant will produce catalysts on a large scale and is expected to be operational by 2026.

Nouryon completes expansion of plant in Ningbo, China! Organic peroxide capacity doubled!

Nouryon completes expansion of plant in Ningbo, China! Organic peroxide capacity doubled!

2024-11-13

Nouryon, a Dutch specialty chemicals producer, has completed the expansion of its organic peroxide capacity at its Ningbo manufacturing plant. The expansion doubles capacity to 6,000 tons of each organic peroxide product, sold under the Perkadox 14 and Tr

Henkel Reports a 3.3% Decline in Sales; Acquisitions and Divestitures Only Yield a 2.8% Growth

Henkel Reports a 3.3% Decline in Sales; Acquisitions and Divestitures Only Yield a 2.8% Growth

2024-11-12

In the third quarter of 2024, Henkel Group sales increased to approximately 5.5 billion euros, achieving a significant organic growth of 3.3%, driven by price increases at the group level and an overall upward trend in volumes. Nominal sales increased by

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