Energy efficiency measures implemented by BASF in 2009 are set to make annual energy savings for the company totalling €39 million ($53 million), the company says. The savings are detailed in the firm’s 2009 annual report which is due...
The first round of formal United Nations (U.N.) climate change negotiations will take place in April in Bonn, Germany surrounded by pessimism. Connie Hedegaard, European Commissioner for climate change, and the Danish minister at the helm for much of the...
Terra Industries says it has accepted CF Industries' $47.40/share offer, which was made on March 2. The offer values Terra at about $4.72 billion. Terra has informed Yara International, which offered to buy the company for $41.1/share last month, that...
Unilever and biotech start-up Solazyme (South San Francisco, CA) say they have extended a collaboration to develop cost effective oils for personal care products derived from algae. The agreement follows the culmination of a year-long collaboration between...
Sanofi-Aventis (Paris) and Merck & Co., have announced that Sanofi-Aventis has exercised its option to combine its Merial unit with Intervet/Schering-Plough (Boxmeer, the Netherlands), Merck's animal health business, to create a global leader in animal...
Moody’s Investors Service says it has changed the industry sector outlook for the North American and European chemical industry from negative to stable, as the fundamental credit conditions for the chemical industry in these regions will be generally...
Oil refiner Petron (Manila), in a statement to the Philippine Stock Exchange (Pasig city, Philippines), says it has entered into an agreement with Vantage Stride...
Lonza says it has signed an agreement with drug discovery technology company Odyssey Thera (San Ramon, CA) to make Odyssey Thera’s proprietary protein-fragment complementation assay (PCA) technology, and Odyssey Thera has granted to Lonza an option to...
Sales fell 8%, to $1.09 billion, reflecting lower raw material prices partially offset by improved volumes and margins, the company says. The 2008 quarter included an $800-million charge related to the termination of its merger agreement with Huntsman....
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