Ten major global chemical sector companies have agreed with the World Economic Forum (WEF) to establish what they called “a breakthrough, pre-competitive development platform to accelerate net-zero climate technologies”.
Silicon materials player Elkem has announced a new climate roadmap, detailing how it plans to develop its business in line with the aim of the Paris agreement of limiting global warming to well below 2°C, while also achieving revenue growth of 5-10%/year.
Verdant Specialty Solutions has acquired its US compatriot Baze Chemical from its founder, Curtis Baze. Terms were not disclosed. Baze is based at Odessa, Texas, employs 82 employees and mainly supplies ethoxylates for the oil and gas production, water treatment and mining industries.
Evonik has announced that it intends to divest its site in Lülsdorf, south of Cologne in Germany, and will draw up more detailed plans by spring 2022. The company would prefer an outright transfer to a single owner but will consider selling it in parts.
In a pre-close trading update for the financial year ended 31 March 2021, Johnson Matthey (JM) CEO Robert MacLeod revealed that: “We have commenced a strategic review of Health, as we continue to focus resources to maximise value for our shareholders”.
Full results will be announced on 27 May but it is known that Health, which offers API custom manufacturing services, controlled substances, catalysts and generics, generated sales of £223 million, about 5% of the total sale. The division’s full-year operating performance is expected to be above the prior year.