Successful kick-off of the #ChemSkills blueprint!

Congratulations and a big thank you to Anni, Emma, Chiara and Eleonora for a successful kick-off of the #ChemSkills blueprint!


Covestro Agrees to Negotiations with ADNOC

Following reports at the end of June that Abu Dhabi National Oil Company (ADNOC) was looking for takeover targets in Europe and was showing strong interest in Covestro in particular, Covestro's management board now decided to enter into open-ended talks with ADNOC.

European Chemicals Pulse Check

European Chemicals Pulse Check
Chemical Value Chains at Risk of Shifting to Non-European Countries

Danaher to Acquire Abcam for $5.7 Billion

US science and technology group Danaher has entered into a definitive agreement to acquire Abcam, a supplier of life science research tools. Danaher will buy all of the outstanding shares of Abcam for $24.00 per share. The transaction, which is worth about $5.7 billion, is expected to close in mid-2024.

Novartis Completes Acquisition of Chinook Therapeutics

Novartis has completed its acquisition of US biopharma Chinook Therapeutics. The acquisition, which was announced in June, has a value of up to $3.5 billion.

Inflation and Uncertainty in European Plastics Industry

The fallout from Russia's war with Ukraine is having a lasting impact on almost every market, including plastics in Europe, with inflation, low demand, and uncertainty. To gauge this uncertainty, PIE conducted its 10th Market Survey with almost 200 participants from across the European plastics industry.

AkzoNobel Completes Acquisition of Sherwin-Williams’ Chinese Decorative Paints Business

AkzoNobel has completed the acquisition of Sherwin-Williams’ Chinese decorative paints business, including the widely known Chinese Huarun brand.

Low UK carbon prices ‘disincentivise’ investment in decarbonisation technology

Recent changes to the UK’s carbon trading system send the wrong signal to industry and weaken the country’s chances of achieving net zero, according to energy industry observers.

OMV and Abu Dhabi Plan to Merge Polyolefins Businesses

Austrian energy group OMV has decided to pursue negotiations with Abu Dhabi National Oil Co (ADNOC) to merge their polyolefin businesses. News agency Bloomberg had already reported on corresponding plans at the beginning of July.

Arkema Takes Majority Stake in PI Advanced Materials

French specialty chemicals company Arkema plans to acquire the 54% majority stake held by Glenwood Private Equity in South Korea-listed PI Advanced Materials (PIAM) for €728 million and fully consolidate the holding. The remaining 46% of equity will continue to be listed in South Korea.