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Global Processing e-News

Sanofi looking to shed multi-billion portfolio to optimize assets

French pharmaceutical giant Sanofi SA is exploring options to sell a range of older drugs, with an estimated value of the portfolio between $7 billion and $8 billion.
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Oil & gas industry contributes £35 billion annually to UK economy

Although oil prices are persistently high and production is declining in the UK, the outlook for the oilfield services industry is very positive.
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South Africa to produce potable water from mine drainage

South Africa's government is mulling over plans to treat the water leaking from numerous gold mines to help meet drinking water demand.
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US wholesale sector consolidation hits Indian drug makers

The U.S. pharmaceutical sector is going through a period of consolidation and this has already has a noticeable effect on Indian drug makers.
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Sinopec drops plans for new petrochemical projects

China's largest refiner, Sinopec Corp., has shelved plans to invest in new petrochemical projects, citing growing competition from the U.S. petrochemical sector as the main deciding factor.
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Pfizer proposes $101 billion takeover to AstraZeneca, reports claim

U.S. pharmaceutical company Pfizer has expressed interest in taking over Anglo-Swedish giant AstraZeneca for a total of $101 billion.
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Almost 60% of China's water is contaminated, government report finds

More than half of China's water reserves are moderately or heavily contaminated, a government report has revealed.
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Explosion kills at least five at Chinese chemical plant

An explosion at a chemical factory located in east China's Jiangsu province has killed at least five people and left 10 more injured.
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GE, Saudi Aramco launch project to improve desalination technologies

Saudi Aramco and GE will award a $200,000 grant to the winners of a competition for the best desalination technology ideas that can lower costs and improve efficiencies.
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EU chemical industry voices concern over proposed new packaging requirements

The additions to the legislation introduced by the European Parliament's Environment Committee go beyond what was initially planned, potentially putting processors and packaging companies under significant pressure to comply.
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