Lonza AG (Basel, Switzerland) has an agreement with ABL Bio, a pioneering Korean biologics company with a focus on bispecific antibodies for immuno-oncology and neurodegenerative diseases. The collaboration agreement between Lonza and ABL Bio supports the development and manufacturing of…
Resonac Corp. (Tokyo; formerly Showa Denko) will increase its capacity to produce “Dicing Die Bonding Film,” which is a two-in-one adhesive film with the functions for both dicing tape and die bonding film used in semiconductor packaging process (backend process),…
Vertex Energy, Inc. (Houston) announced the successful mechanical completion of its transformational renewable-diesel unit at the company's Mobile, Ala. refining facility. Mechanical completion of the renewable diesel unit has been successfully achieved. As the project team proceeds with commissioning the…
Clariant AG (Muttenz, Switzerland) announced the completion of the divestment of its North American Land Oil business to Dorf Ketal (Mumbai, India), a specialty chemicals manufacturer and service provider headquartered in India, for $14.5 million on 31 March 2023. Clariant’s…
Ineos (London) announced that INEOS Phenol completed its acquisition of the entire asset base of Mitsui Phenols Singapore Ltd from Mitsui Chemicals, a leading Japanese chemicals manufacturer, for a total consideration of $330 million. The business has a turnover of…
A new joint venture — Envalior — has emerged from the combination of two industry leaders in engineering materials – DSM N.V. (Heerlen, the Netherlands) Engineering Materials (DEM) and Lanxess AG (Cologne, Germany) High Performance Materials (HPM) – under the…
Chevron Lummus Global LLC (CLG) announced a recent contract award from Petróleo Brasileiro S.A. (Petrobras) for a new 12,580 barrel/day (bbl/d) hydroisodewaxing (HIDW) unit at the GasLub Hub, a lubricant plant in Itaboraí, Rio de Janeiro state, Brazil. Chevron Lummus…
Venator Materials PLC (Wynyard, U.K.) announced that it has completed the sale of its Iron Oxide business to Cathay Industries. The enterprise value of the transaction was $140 million and Venator expects to receive cash proceeds of approximately $130 million…
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Robert Fulton, Eli Whitney, Thomas Edison, Henry Ford — these are some of the larger-than-life figures who spring to mind when reflecting on the history of innovation and invention in the U.S. But the first person in American history to…