Company Dynamic

Chinese judicial authorities have ruled that two refineries owned by state-owned petrochemical company Sinochem have been declared bankrupt after creditors failed to reach a consensus on a restructuring plan, according to court documents.

On September 12, BASF officially announced that its world-class alkyl ethanolamine production facility at its integrated site in Antwerp, Belgium, has been successfully completed and is now operational.

Chemical giant BASF is planning an initial public offering of its agrochemicals business in the next few years as part of an upcoming restructuring plan, Bloomberg News reported.

Akzonobel has officially launched an innovative ultra-durable low-temperature powder coating product to provide customers in the construction industry with better surface protection solutions.

Dow has launched a range of REVOLOOP recycled plastic resins to incorporate post-consumer recycled (PCR) materials into cable jacketing to help meet the diverse needs and circularity goals of global customers.

• Dow
• REVOLOOP recycled plastic resins

Symrise has announced the opening of its first cosmetic ingredients plant in Chennai, Tamil Nadu, India.

• Symrise

SABIC announced the signing of an agreement with Saudi Arabian Mining Company (Ma'aden) to sell its 20.62% stake in Aluminium Bahrain (Alba). The sale proceeds are expected to be between BHD363 million and BHD398 million.

• SABIC
• Saudi Arabian Mining Company

Evonik's Coating Additives division launches innovative biosurfactants designed for coatings and inks formulations.

• Evonik

The news is significant because Novo Nordisk CEO Lars Jorgensen is scheduled to appear next week before the Senate Health, Education, Labor and Pensions Committee (HELP), which Sanders chairs.

On Tuesday, Daiichi Sankyo (4568.T) and Merck & Co (MRK.N) announced that its drug patritumab deruxtecan achieved its main goal in a clinical trial in advanced patients, extending the period of disease-free progression in some lung cancer patients.

A senior executive at Danish pharmaceutical giant Novo Nordisk revealed that the company expects its diabetes drug Ozempic to be "highly likely" to be included in the U.S. government's list for drug price negotiations in 2027.

Abbvie had filed an infringement lawsuit against Beigene in June last year, claiming that it infringed ibrutinib's patent rights.

Specifically, this beet strain is proposed for use in the field of food production and is subject to public comments and suggestions.

The development comes at a time of challenges for Pakistan's textile industry, including rising energy tariffs, which are already having an impact on foreign investment.

According to foreign media reports, the United Arab Emirates National Oil Company (ADNOC) plans to make a formal takeover proposal for German chemical company Covestro which involves a total value of up to 14.4 billion euros including debts.

On September 12, 2024, Akzonobel, the leader in the international coatings industry, announced that it will issue a total of 500 million euros of ten-year bonds with a coupon rate of 3.750%.

Clariant, a specialty chemicals company focused on sustainability, announced today that it has reached an agreement to sell its real estate "Industrial Park Fechenheim" in Frankfurt, Germany, to the Lugman Group.

• Clariant

AkzoNobel has developed an ultra-durable low-bake powder coating that helps protect building surfaces in more challenging environments.

• AkzoNobel

Syensqo announced today that it has decided to apply for the delisting of its shares from Euronext Paris.

• Syensqo

Covestro will start construction of its new Thermoplastic Polyurethane (TPU) Application Development (AD) Center for Asia Pacific in Guangzhou.

• Covestro
• Thermoplastic Polyurethane