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Saturday, 19 January 2019 - 9:46

Chemistry

Novamont inaugurates biorefinery for biobutanediol

Novamont group will inaugurate tomorrow its new plant on Po river delta (Bottrighe) for biobutanediol (1,4 BDO) manufacturing directly from sugars through fermentation processes. The new plant has required a €100m investment and has an output of 30,000 mT. Biobutanediol…

Lanxess acquires Chemtura for $2.5bn

US-based Chemtura issued on Sunday night a press release informing it had been acquired by German-based Lanxess for $2.5bn in cash. Lanxess valued Chemtura at $ 33.5 per share, which represents a 18.9% premium to the stock’s closing share price…

Final stages for Atotech (Total) sale

Atotech sale by Total has reached its final stages. French financial newspaper Les Echos reported today that in the next few days the remaining bidders are expected to submit their bids, the most probable of them being Private Equities CVC…

Italmatch acquires Solvay’s Ionquest 290 and OPA Rhodafac

Italmatch Chemicals, headquartered in Liguria, Italy, manufacturing special additives for lubricants, water treatment and oil & gas, has acquired Ionquest 290 and Opa Rhodafac ASI from Belgium-based Solvay. Thanks to the acquisition, Italmatch can now expand its portfolio to phosphorus-based…

Investors’ views on Monsanto-Bayer deal

Few days have passed since it was announced that Germany-based Bayer had acquired Monsanto for $66bn (including debts; 44% premium), a deal which transforms the Leverkusen-based group in the world’s biggest pesticide and seed producer and will probably overshadow the…

Revolution in Linde board following failed merger with Praxair

Two top executives at Linde will leave the group following the failure of the takeover attempt by rival Praxair, that would have created a $60bn group, leader in the technical and medical gases business. The supervisory board (Aufsichtsrat) decided yesterday…

Bayer acquires Monsanto for $66bn

Bayer announced today, before Wall Street opening, that it has acquired US-based Monsanto for $66bn (debts included), creating the world’s biggest group in the pesticide and seed business. Bayer started negotiating with Monsanto in May, when it offered $122 per…

Monsanto-Bayer deal likely to be announced today

Bayer AG and Monsanto Co. are likely to announce already today the deal that will create the world’s biggest group in the pesticide and seed business. Indeed, according to rumors circulating yesterday, Bayer increased its offer again to $129.5 per…

BASF closes 4 plants in Ludwigshafen

BASF will close 4 caprolactam production plants in Ludwigshafen over the next 18 months, yet it ensures that the 80 employees affected by the shake-up will be offered a job in other plants at the site. The measures are caused…

Praxair-Linde merger failed

Germany-based Linde and U.S.-based Praxair have informed investors and analysts in two almost simultaneous press releases that talks on a potential merger have been interrupted. Linde and Praxair confirmed on August 16 rumors about a potential merger that would create…

Cabot announces JV to build fumed silica plant in China ($60m)

Cabot Corporation announced today that it has formed – through its subsidiary, Cabot (China) Ltd – a joint venture with Inner Mongolia Hengyecheng Silicone Co., Ltd, to manufacture and market fumed silica in China. Cabot will hold an 80% share…

Mapei intending to pursue M&A again

The Italian chemical group Maipei, specialized in building products, intends to pursue M&A again, with new acquisitions. The company will soon perform two operations of share capital increase – by €25M and by €27.5m – which will bring the total…

Siad acquires Istrabenz Plini

SIAD has acquired Istrabenz Plini, a company headquartered in Koper, Slovenia, operating in LPG sales, natural gas supply and production and distribution of technical gases for industrial and medical uses. SIAD had had since 1990 a joint venture with the…

New Solvay H202 plant opened in China

Belgium-based Solvay has announced that a new large plant for hydrogen peroxide production has been opened in Zhenjiang, China. The new plant, with a capacity of 60,000 mT pa of high-concentration and high-purity H2O2 will serve both the local market…

Monsanto confirms new $56bn bid by Bayer

Monsanto confirmed tonight it has received a new $127.5 a share bid (18.7% premium over Monday) by Bayer, which corresponds to valuing the US-based group at $56bn. In July Monsanto rejected a $125-a-share offer, considering it inadequate for the group’s…

Latest developments in the Bayer – Monsanto deal

Bayer’s supervisory board (Aufsichtsrat) will discuss in the meeting scheduled on September 14 about the acquisition plan of US-headquartered Monsanto. The possibility of a hostile takeover by the German group without the consent of the Monsanto board and a higher…

Promising findings for the use of graphene in bone implants

A team of Rice University researchers lead by Pulickel Ajayan used graphene flakes produced by SPS (Spark Plasma Sintering) to obtain new biocompatible materials for the production of artificial bones. The obtained graphene shows highly porosity (50%) and high compressive…

Allnex to relocate from Brussels to Frankfurt

Allnex will relocate its headquarters from Brussels to Frankfurt, Ron Ayles, head of the Advent fund owning the chemical group, stated in an interview to Frankfurter Allgemeine Zeitung. Allnex is today a chemical group with 2,250 staff and €1.2bn of…

Brain AG affected by low oil price

German biotech company Brain AG has published its financial results, showing the negative effect that low oil price has on this small enterprise. Brain AG belongs to a cluster of companies referred to as white-biotech, in that it operates in…

Solvay looking for a buyer for polyamide division

Solvay is reportedly planning to sell its polyamide business, the most likely buyer of which is the US-based Celanese. Polyamides generated 1.4 bn. euros ($1.6 bn.) in revenue last year. Solvay’s commercial move is due to the Company looking to…