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Clariant Completes Acquisition of Lucas Meyer Cosmetics

Clariant, a specialty chemical company, announced it has completed the acquisition of Lucas Meyer Cosmetics, a provider of high-value ingredients for the cosmetics and personal care industry, from IFF for an Enterprise Value (EV) of $810 million (€746 million). The purchase price will be subject to customary net debt and working capital adjustments.

EU Chemical Industry Confidence Shows Upward Trend

In its Chemical Trends Report for March, CEFIC, the European Chemical Industry Council, states that Europe has been more impacted by the energy crisis than other regions and structural issues need to be addressed.

AstraZeneca to Buy Fusion Pharmaceuticals for Up to $2.4 Billion

AstraZeneca has agreed to acquire Fusion Pharmaceuticals, a clinical-stage biopharmaceutical company developing next-generation radioconjugates (RCs).

Ineos Completes Acquisition of TotalEnergies’ Petrochemical Assets at Lavera

Ineos has completed the acquisition of Naphtachimie, Gexaro and Appryl, which were 50:50 Joint Ventures between Ineos and TotalEnergies at Lavera in Southern France.

Merck Invests in New Production Site for its Life Science Business

Merck is pouring over €300 million into a new Bioprocessing Production Centre in Daejeon, South Korea. This marks the largest investment by Merck's Life Science sector in the Asia-Pacific region, reflecting its commitment to growth in the area. The investment is projected to generate around 300 jobs by 2028.

Revolutionizing Green Chemical Production with Ultrasound

Converting Low-Value Woody Biomass into High-Value Green Chemicals


18.03.2024 - Biorefining allows low-carbon feedstocks – such as lignocellulosic biomass – to be processed into intermediate chemicals that can be made into renewable plastics for the automotive industry. Sonichem has developed a breakthrough biorefinery technique that uses ultrasonic energy alongside mild organic acids to fractionate softwood sawdust into hemicellulose sugars, microcrystalline cellulose and high-quality lignin.

AstraZeneca to Buy Amolyt Pharma for up to $1.05 Billion

Britain's AstraZeneca is to acquire Amolyt Pharma, a clinical-stage biotechnology company focused on developing novel treatments for rare endocrine diseases, more than $1 billion.

Evonik Divests Superabsorbents Business to ICIG

Evonik is selling its superabsorbents business to the International Chemical Investors Group (ICIG). According to Evonik, the purchase price is in the low triple-digit million euro range. The final transfer of the business is scheduled for mid-2024 after the relevant competition authorities have given their approval.

BASF Divests Two Joint Ventures in Korla, China

15.02.2024 - In the fourth quarter of 2023, BASF initiated the process to sell its shares in the two joint ventures BASF Markor Chemical Manufacturing (Xinjiang) and Markor Meiou Chemical (Xinjiang) in Korla, China.

FECCIA

FECCIA response to the Commission’s proposal for a revision of the European Works Council Directive 2009/38/EC

Successful kick-off of the #ChemSkills blueprint!

Congratulations and a big thank you to Anni, Emma, Chiara and Eleonora for a successful kick-off of the #ChemSkills blueprint!