Current issue | Speciality Chemicals Magazine

deal

AkzoNobel to sell speciality chemicals business for €10 billion

1 May 2018 - 0

Paints, coatings and speciality chemicals multinational AkzoNobel has announced the sale of its entire speciality chemicals business to The Carlyle Group and Singaporean investment fund GIC for €10.1 billion (US$12.3 billion). The sale is expected to be complete by the end of the year.

In a press release, the company said a private sale would be in the best interests of AkzoNobel and its stakeholders. The Carlyle Group has a global presence and the financial capacity to enable the speciality chemicals business to achieve its full potential.

eye

OECD adds alternative tests for skin sensitivity and eye irritation

6 March 2018 - 0

The OECD has accepted two new alternatives to animal testing to assess skin allergy and eye irritation. The methods have been developed by French cosmetics company L’Oréal after 40 years’ research.

wood to biochemicals

Wood to biochemicals pilot project launched

6 March 2018 - 0

FPInnovations and Resolute Forest Products have announced a significant investment in the implementation of a TMP-Bio pilot project in Thunder Bay, Ontario, Canada

Bayer

Bayer to build €45 million greenhouse for insecticide research

5 March 2018 - 0

Agrichemical giant Bayer is increasing its insecticide research capabilities by building a €45 million, 11,000m2 greenhouse at its Monheim site in North Rhine- Westphalia, Germany.

Brexit

MHRA updates pharmaceutical companies on Brexit preparations

5 March 2018 - 0

The UK’s Medicines and Healthcare products Regulatory Agency (MHRA) has published an official update to pharmaceutical companies on preparations for Brexit.

New York

New York to build US$500 million biotech hub

5 March 2018 - 0

New York City is building a biotech hub to rival South San Francisco and Boston, backed by a US$500 million finance package and a goal to quadruple the amount of R&D space in the city.

leather retanning

Lanxess receives innovation award for extraction of retanning agents

22 February 2018 - 0

Speciality chemicals company Lanxess has received the 2017 German Innovation Award for Climate and the Environment for an innovative technology developed for the recycling of residues from the leather manufacturing process.

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