Sector News

Bayer to float MaterialScience plastics unit

September 18, 2014
Chemical Value Chain
(MarketWatch) – Bayer AG on Thursday said it plans to float its plastics business, to focus entirely on its life-sciences operations.
 
“In this way Bayer would position itself as a world-leading company in the field of human, animal and plant health,” the German pharmaceutical company said in a statement, confirming an earlier report by The Wall Street Journal.
 
Bayer’s BAYN, +4.89%  plans are subject to approval by the company’s supervisory board, which is due to meet later Thursday.
 
The Journal reported Wednesday that Bayer planned to shed its MaterialScience business but hadn’t decided what form the separation would ultimately take, be it an outright sale, initial public offering or spin off, people familiar with the matter said.
 
By Neetha Mahadevan
 

comments closed

Related News

September 25, 2022

France and Sweden both launch ‘first of a kind’ hydrogen facilities

Chemical Value Chain

France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).

September 25, 2022

NextChem announces €194-million grant for waste-to-hydrogen project in Rome

Chemical Value Chain

The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.

September 25, 2022

The problem with hydrogen

Chemical Value Chain

At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?