Volume 85 Issue 15 | p. 22 | Concentrates
Issue Date: April 9, 2007

BUSINESS ROUNDUP

Department: Business

Lanxess plans to increase its annual capacity for ethylene propylene-diene rubber to more than 140,000 metric tons through process improvements at its sites in Marl, Germany, and Orange, Texas, by 2008.

Solutia and FMC have settled a lawsuit in which Solutia alleged that FMC did not disclose the failure of purified phosphoric acid technology provided by FMC to the firms' Astaris joint venture. FMC will pay Solutia $22.5 million in cash.

Digital Specialty Chemicals, a Canadian maker of organophosphorus and organometallic chemicals, has completed an expansion of its Toronto facility. The firm says it has achieved a 50% rise in reactor capacity and a 10-fold increase in distillation throughput.

Solvay has started up a 10,000-metric-ton-per-year epichlorohydrin plant in Tavaux, France, based on glycerin obtained as a by-product from biodiesel production. The firm plans to start up a similar 100,000-metric-ton-per year unit in Thailand in 2009.

Broin, the ethanol producer, has changed its name to Poet. To move ahead, CEO Jeff Broin says, the company needed a name to better reflect what it does. Using a bit of poetic license, Broin explains, the firm harnesses creativity as poets do, by "leaving things better than we found them."

Dalton Pharma Services has signed a medicinal chemistry pact with Boehringer Ingelheim's Canadian arm. Toronto-based Dalton will design and synthesize novel compounds against a number of antiviral targets selected by Boehringer.

Regeneron Pharmaceuticals has licensed to Astellas Pharma its VelocImmune technology for human monoclonal antibody drug discovery. AstraZeneca will pay $20 million up front and make up to five additional annual payments of $20 million.

Codexis has signed up Merck & Co. as the first subscriber to its Codex biocatalyst panels product. Under a three-year deal, Merck will get access to Codexis biocatalysts for in-house application to its new-drug pipeline.

 
Chemical & Engineering News
ISSN 0009-2347
Copyright © American Chemical Society

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