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Sinochem-ChemChina merger is approved

China’s State-owned Assets Supervision & Administration Commission (SASAC) has approved the long-planned merger of Sinochem and ChemChina. Partly to alleviate competition concerns, they will operate as separate subsidies of a newly created holding company owned by SASAC.

The combined entity will be by far the largest chemical producer in the world, with assets of about $245 billion. “This joint restructuring will create synergy, build up a world-class chemical company and promote a high-quality development of the chemical industry in China,” Sinochem said.

Major distributors in further portfolio moves

The world’s two largest speciality chemical distributors, Brenntag and Univar Solutions, have both concluded further acquisitions, disposals and deals in 2021. This follows on from numerous such advances by their rivals, Azelis and IMCD, in 2020.

Sunliquid into China

Clariant’s Biofuels & Derivatives business line has formed a strategic partnership with Chemtex Global to market its Sunliquid technology for second-generation biofuel projects in China. It will supply technology licences, technical services and starter cultures from its proprietary enzyme and yeast platform, while Chemtex will offer engineering, procurement construction services.

Sasol doubles Asian alkoxylation capacity

South African chemicals and energy producer Sasol has formally announced the opening of its new alkoxylation plant at the Nanjing Jiangbei New Materials High-Tech Park, with a ribbon-cutting ceremony attending by company executives, diplomats, government officials and others.

Ten die in Chinese pharma plant accident

Ten workers were killed in an accident at a pharmaceutical intermediates and APIs plant in China’s Shandong province on 15 April, it has emerged. This was the second fatal industrial accident at a chemicals-related plant in China within the space of a month.
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