5 January 2011 Business
Industry news, January2011
Chemicals conglomerate Ineos is exercising its option to take full control of Styrolution, its 50:50 styrenics joint venture with BASF. Ineos will pay €1.1 billion (£878 million) for BASF’s share in the business.
When the two companies set up Styrolution in 2011, it was always the intention that Ineos would eventually take over the whole operation and BASF would bow out of styrenics, as part of a strategy of realigning BASF’s product portfolio towards less cyclical products. While Styrolution will be wholly controlled by Ineos, it will retain its current operations within BASF’s plants in Ludwigshafen, Germany, and Antwerp in the Netherlands, which gain competitive advantages by being integrated into BASF’s ‘Verbund’ system of operations.
12 September 2014 News and Analysis
Gold nanoparticles functionalised with amino acid polymer inhibit the growth of amyloid fibres associated with neurodegenerat...
11 September 2014 News and Analysis
Team behind the bendy e-reader display hope to have a full colour graphene-based smartphone style screen within a year
17 September 2014 News and Analysis
NIH senior leaders are sounding the alarm bells, saying the US's pre-eminence in genomics research is under threat