Chemspec Europe News
Distributors acquire and invest worldwide
27. Juli 2021
Most of the world’s largest chemical distributors have continued to grow, both by acquisition and investment, in the past month. Azelis has been the most active, with new buys in France and South Korea, while IMCD has been particularly active in Mexico and Brenntag has completed two key deals in China.
Merck KGaA in two bioelectronics deals
13. Juli 2021
Merck KGaA has announced two separate but similar multi-year collaborations in bioelectronics with European start-ups in the space of two days. Both aim to develop neurostimulators for devices that can create localised therapeutic effects in the treatment of severe chronic diseases.
BASF, Solvay in battery recycling initiatives
06. Juli 2021
Two of Europe’s major chemical companies, BASF and Solvay, have separately announced investments in battery recycling. Both characterised their actions in terms of facilitating the development of a circular economy for battery materials at a time when demand from electric vehicles (EVs) is booming.
Merger creates carbon-negative leader
29. Juni 2021
On 24 June, the last barrier to the merger between Origin Materials and the special-purpose acquisition company (SPAC) Artius Acquisition was passed when shareholders approved the deal. The merger had originally been announced in February.
Tosoh plans major R&D expansion
22. Juni 2021
Diversified Japanese chemical company and Chemspec Europe regular Tosoh has announced plans to build and renovate some of the research facilities and the customer support centre at its Tokyo Research Centre in Ayase over the next five years. The total cost will be about ¥10 billion (€76 million).
US government works towards ‘reshoring’ pharma production
15. Juni 2021
Following on from an executive order in February that led to a multi-industry review of key supply chains, President Joe Biden’s administration has announced plans to tackle the US’s dependency on imports for critical medicines, particularly for COVID-19. It has launched a strategy that will seek to drive the ‘reshoring’ of some pharmaceutical manufacturing.
Oxygen shortage slows down Indian chemical industry
08. Juni 2021
India’s ongoing second wave of COVID-19 infections has had a severe knock-on effect on its chemicals and related industries. As of 25 April, the Government has ordered that liquid oxygen can only be supplied for medical use and multiple chemicals producers have halted production of certain items because they are unable to source industrial oxygen.
Multiple battery advances for Johnson Matthey
01. Juni 2021
Within the last six weeks, Johnson Matthey (JM) has opened its new Battery Technology Centre in Oxford, UK, while announcing a new commitment to fully carbon-neutral production of its eLNO nickel-rich advanced cathode materials technology by 2030 and for the whole company by 2040. It has also signed three agreements to secure the supply chain for these materials, and another in the recycling of key raw materials.