LyondellBasell Industries has started up a new polypropylene (PP) compounding facility in Altamira, Mexico. The plantís capacity is 30 kilo-tons/year. It is adjacent to a PP manufacturing facility operated by Indelpro, a joint venture company of LyondellBasell. The new compounding plant will use PP feedstocks from the existing plant to supply compounds to the regionís automotive and appliance manufacturing base.
Coal Gasification Plant
Zaklad Azotowe Kedzierzyn may begin construction of a coal gasification plant in Poland as early as 2010 to diversify its sources of gas. The company estimates that the plant will cost around $975 million and hopes to have the plant come online in 2014.
Indian villagers and activists set fire to a construction site of Dow Chemical Co. in western India (near Shinde village, about 120 miles from Mumbai). The facility is one where the company is setting up a research and development center with an initial investment of $90 million. It is scheduled to open this year and house 500 scientists by 2010. The research and development will be focused on energy conservation, water purification and pharmaceuticals.
SCG-Dow Group, a joint venture of The Dow Chemical Company and Siam Cement Group (SCG), has established a 50/50 joint venture to begin constructing a specialty elastomers train located in Rayong Province, Thailand. It is expected to commence operations in 2011.
Sanofi-Aventis has agreed to pay approximately $550 million for Acambis. The acquisition is not a surprise as the two companies have worked closely together for the past decade. They currently partner in the development of three vaccines.
Teva Pharmaceutical Industries has agreed to purchase Barr Pharmaceuticals for $7.46 billion plus the assumption of approximately $1.5 billion in debt. The deal is expected to close later this year. Both companies are primarily generic drug firms, but they both also have proprietary drugs.