Chemical and Pharmaceutical Sector Collaboration for Industrial Success

Chemistry World | July 07, 2020

Fuelled by the expanding global population, the World Economic Forum expects demand for chemicals and materials to quadruple by 2050. To meet the growing need for sustainable approaches to chemical synthesis and manufacturing, industry is opening its doors to new ideas. Increasingly, companies within the chemicals and pharmaceuticals sectors are relying on R&D from outside sources. As such, the previously closed world of chemical manufacturing is becoming less reserved, with innovation evolving into a more open and collaborative procedure.

New approaches to collaboration within chemical development are driven by the realisation that working together is essential to catalyse innovations, and provide a competitive edge. At Umicore Precious Metals Chemistry (PMC), we know how important collaboration is to industrial success. We draw on decades of collaboration experience to help diverse industry partners – including the oxo-alcohols sector – develop innovative approaches to sustainability and drive drug R&D.

Spotlight

After the Reserve Bank of India (RBI) released a circular detailing the discontinuance of letters of undertaking (LOUs) and letters of comfort (LOCs) for all Indian banks on 13 March, domestic ex-tank prices in the west coast of India saw large volatility. Complete this short form to access this special insight prices that analyses the implications of this new regulation on India’s methanol prices and trading dynamics.


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CHEMICAL MANAGEMENT

Shell completes acquisition of Landmark fuel and convenience network

Shell | June 02, 2022

Shell Retail and Convenience Operations LLC, a wholly owned subsidiary of Shell Oil Products US has completed the acquisition of certain company-owned fuel and convenience retail sites from the Landmark group of companies. The acquisition also includes supply agreements for the independently operated fuel and convenience sites. Building on the strength of its existing networks, this acquisition brings Shell closer to its customers and enhances Shell's market presence by growing its mobility footprint in a key region in the U.S., which is one of the largest fuels and convenience retail markets in the world. With this acquisition, Shell is advancing its Powering Progress strategy in three ways: by growing its retail footprint in a core market, by providing opportunities to offer customers expanded fuelling options and by allowing for the growth of non-fuel sales through an enhanced convenience offering. .

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CHEMICAL MANAGEMENT

SeekOps and Flylogix Expand Strategic Partnership to Provide Methane Emissions Quantification Services Into Offshore Norway, Holland, and Denmark

SeekOps Inc | February 14, 2022

SeekOps Inc., the technology innovator whose best-in-class sensors and actionable analytics deliver accurate methane emissions quantification, and Flylogix, provider of record-breaking long-range Unmanned Aerial Vehicles (UAVs) have expanded their strategic partnership. For the past two years, the SeekOps/Flylogix team have conducted multiple successful emissions surveys on the United Kingdom Continental Shelf (UKCS). Sponsored by the Net Zero Technology Centre (NZTC), the team demonstrated top-down methane emissions measurements safely and efficiently for a number of remote offshore platforms, highlighting an industry-best minimum detection level of 2.5 kg/hr. Both companies are now building upon the validation of those surveys to expand coverage across the rest of the UKCS, as well as exclusively deploying UAV missions to the Norwegian Continental Shelf and the Dutch and Danish sectors of the North Sea. "With their proven capabilities to effectively deploy our unique sensor consistently, repeatedly, and cost-effectively on facilities for bp, TotalEnergies, Shell, Equinor, TAQA and Harbour Energy, we are very excited to extend our collaboration into a wider range of territories, enabling more operators and assets to accurately quantify and report their emissions as they move toward satisfying the requirements of the Oil and Gas Methane Partnership (OGMP) 2.0 framework. We already have plenty of flights scheduled this year, and we look forward to jointly helping our customers in their decarbonisation efforts.” Iain Cooper, CEO at SeekOps Charles Tavner, Executive Chairman at Flylogix said : "When it comes to emissions, you can’t manage what you can’t measure. And so SeekOps’ ability to quantify the invisible, and our use of long-range unmanned systems to change the paradigm on collecting data in remote environments with minimum personnel or operational disruption is a potential game-changer for the energy industry. Delivering business-critical information from remote environments is what Flylogix was founded to do, and so it has been a real privilege to work in partnership with a similarly pioneering organisation such as SeekOps.” SeekOps SeekOps Inc. deploys advanced sensor technology to detect, localize, and quantify natural gas emissions through integrated drone-based systems. SeekOps latest SeekIR sensors allow business and industry to meet rigorous operational and regulatory demands while safeguarding resources. SeekOps are headquartered in Austin, Texas, with a European office in Aberdeen. Flylogix At Flylogix, we are bringing together artificial intelligence, satellite communication and low-cost electronics to develop a new generation of smaller, more efficient, unmanned aircraft. We use these to transform remote operations, dramatically reducing carbon emissions, improving safety and providing new cost-effective solutions. Flylogix is a privately-owned business founded in 2015, and based in Fareham, UK.

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CHEMICAL MANAGEMENT

Imperial Dade Adds Scale in Southeast, Acquires North Alabama Chemical

Imperial Dade | May 19, 2022

Imperial Dade, a leading distributor of food service packaging and janitorial supplies, announced the acquisition of North Alabama Chemical. The transaction represents the 50th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, Chairman and CEO of Imperial Dade, respectively. Financial terms of the private transaction were not disclosed. Headquartered in Decatur, AL with two additional locations in Florence, AL and Huntsville, AL, NAC is a full-service provider of janitorial supplies, services and solutions owned and operated by Peter Farrell. The Company has built a strong reputation for its knowledgeable sales force, wide breadth of products, and high touch customer service. Now in partnership with Imperial Dade’s market leading platform, NAC’s customers can expect the same exceptional customized service coupled with an even greater offering of products and solutions. "NAC is a leading distributor in northern Alabama and has an excellent commitment to its customers, which makes it a great addition to the Imperial Dade platform," said Robert Tillis. “I am excited to partner with Peter and the NAC team to further grow our presence in northern Alabama in this next chapter of growth. This acquisition reinforces our focus to strengthen our presence in key growth markets to ensure our customers receive the highest quality service," said Jason Tillis. "Imperial Dade is a market leader with a strong culture and differentiated service quality, and we are excited to join their family. Under the leadership of Bob and Jason, we believe this partnership will strengthen our customer and supplier relationships," Peter Farrell, Owner of North Alabama Chemical About Imperial Dade Founded in 1935, Imperial Dade serves more than 90,000 customers across North America. Since Chairman Robert Tillis and CEO Jason Tillis assumed their roles in 2007, the company has grown both organically and through acquisitions to become a leader in the food service packaging and janitorial supplies industry.

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RAW MATERIALS

Clariant completes sale of its Pigments business

Clariant International Ltd | January 04, 2022

Clariant, a focused, sustainable and innovative specialty chemical company, completed the sale of its Pigments business to a consortium of Heubach Group and SK Capital Partners. As announced upon signing of the transaction, the base enterprise value of the sale amounts to CHF 805 million subject to closing accounts adjustments and before a potential earn-out payment of CHF 50 million which is subject to the business’ 2021 financial performance. Clariant rolled over approximately CHF 115 million to retain a 20 % stake in the new holding company, alongside Heubach and SK Capital. This combined business is a global pigments player with approximately 3 000 employees generating approximately EUR 1 billion in annual sales with strong service and production capabilities across the globe. This roll-over allows Clariant to further benefit from the improving profitability of the Pigments business, participate in future growth opportunities and realize synergies via the combination with Heubach’s Pigments business. Clariant’s net cash inflow after roll-over and initial debt adjustments, but before closing account adjustments, tax, transaction cost and a potential earn-out payment amounts to approximately CHF 615 million. Clariant intends to use the proceeds of the divestment to invest into growth projects within the core Business Areas, execute the strategy along sustainability and innovation, fund the performance improvement programs as well as strengthen Clariant’s balance sheet to reach and defend a solid investment rating. “The Pigments divestment concludes Clariant’s transformation into a high-value specialty chemical company, allows us to invest in profitable growth in our most attractive segments and to address the increasing demand for more sustainable products. We are convinced that the Heubach and SK Capital consortium is the best owner of the Pigment activities and I wish our former colleagues all the best in their new environment. Clariant looks forward to participating in the group’s further development as a shareholder.” Conrad Keijzer, Chief Executive Officer of Clariant

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Spotlight

After the Reserve Bank of India (RBI) released a circular detailing the discontinuance of letters of undertaking (LOUs) and letters of comfort (LOCs) for all Indian banks on 13 March, domestic ex-tank prices in the west coast of India saw large volatility. Complete this short form to access this special insight prices that analyses the implications of this new regulation on India’s methanol prices and trading dynamics.

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