08-Mar-2023

BASF announced its investment in a new citral plant as part of its Verbund site in Zhanjiang, China, and menthol and linalool downstream plants at its Verbund site in Ludwigshafen, Germany. These plants are expected to come on stream from 2026 onwards. The investment is driven by a growing demand ...

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07-Mar-2023

IFF announced it has entered into an agreement to sell its Flavor Specialty Ingredients (FSI) business to Exponent, a leading UK-based private equity firm, for $220 million in cash proceeds. FSI reports through IFF’s Scent division and is a leading manufacturer of synthetic and natural base aroma ...

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03-Mar-2023

The Waldner group - operating in Australia as Waldner Pty Ltd - is now strengthening its presence and service offerings in Australia by acquiring Laboratory Systems Group Pty Ltd (Lilydale/Melbourne), a pioneer in Australia for lab solutions designed for maximum safety and optimum performance, ...

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Circular economy and climate neutrality more important than ever

03-Mar-2023

Fiscal 2022 was impacted by global challenges that had significant and perceptible effects on Covestro’s business performance. In particular, the sharp rise in energy and raw material prices during the year, especially in Europe, put a strain on the company. This was compounded by continuing ...

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Forecast for 2023: further growth in net sales expected despite increasing headwinds

02-Mar-2023

Merck delivered profitable growth despite challenges in fiscal 2022. Group net sales increased by 12.9% (organically: 6.4%) to €22,232million compared with the previous year. Sales growth was driven by all regions and business sectors, particularly Life Science. The Big 3 businesses – Process ...

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Customcells demonstrating a clear commitment to the energy coast in the far north

02-Mar-2023

Setting a sustainable course for the future of the German battery industry: The Customcells company is investing tens of millions in the expansion of its Itzehoe site in Schleswig-Holstein. The production team on site will be tripled. With more research and innovation as well as joint process ...

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Final closing exceeds expectations for HTGF

01-Mar-2023

High-Tech Gründerfonds (HTGF) has attracted a total volume of 493.8 million euros for its fourth fund generation at final closing. This makes HTGFIV its biggest ever fund. The seed investor, which invests in technology start-ups in the fields of digital tech, industrial tech, life sciences and ...

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Start-ups aim to make fuel cells for heavy-duty applications more cost-effective, environmentally friendly, and improve performance

27-Feb-2023

The Slovenian start-up ReCatalyst and the German start-up ionysis have been selected for funding under the prestigious EIC Transition call and invited to sign the grant agreement with a funding volume of 2.5 million euros. Even before ionysis and ReCatalyst were founded, the founding teams worked ...

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Investments of USD 828 million

24-Feb-2023

China Petroleum & Chemical Corporation (Sinopec) held launching ceremonies of its first hydrogen demonstration project in the Inner Mongolia Autonomous Region, the Inner Mongolia Erdos Wind-Solar Green Hydrogen Project, on February 16 in Beijing, Hohhot and Erdos. The Project will utilize the ...

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Its Technology increases the range, robustness, charging speed, and service life of batteries

24-Feb-2023

Evonik has invested in battery specialist SuperC. The Chinese company is a technological leader in graphene materials that improve the range, robustness, charging speed, and service life of lithium-ion batteries. This can solve key limitations of electric vehicles and accelerate the shift to ...

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