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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.
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.
Industry Leaders Call for Urgent Actions to Boost European Competitiveness
Antwerp Declaration For A European Industrial Deal
20.02.2024 - Today, 73 industry leaders from 20 industrial sectors handed over "The Antwerp Declaration for a European Industrial Deal" to Belgian Prime Minister Alexander De Croo and Commission President Ursula von der Leyen. The declaration emphasizes industry's dedication to Europe's transformation and outlines urgent needs to enhance Europe's competitiveness, resilience, and sustainability amid challenging economic circumstances.
BASF, Heraeus Start Operations at Chinese Precious Metals Recycling JV
19.01.2024 - BASF Environmental Catalyst and Metal Solutions (ECMS) – a standalone, wholly owned part of BASF – and Heraeus Precious Metals have started operations of their new joint venture (JV) facility, BASF Heraeus Metal Resource (BHMR) located in Pinghu, China, which recovers precious metals from spent automotive catalysts.