Market Updates

Chinese Chemical Sector - Rising Challenges and Known Opportunities
March, 2019

The rise of Chinese factories making it manufacturing hub is undisputed which flagged its dominance on the global platform, making it second largest global economy. The manufacturing growth of China has significant contribution from chemical industry, which itself is part of one of the largest global industries. Chinese economies of scale in chemical processing and final output resulted in ballooned surplus and foreign exchange reserves. Now at the current juncture, where the protectionism is growing rapidly with slowing domestic market growth [...]

Read More

Japan Saudi Methanol Partners with SABIC
March, 2019

Japan Saudi Methanol Co. (JSMC) is a subsidiary of Mitsubishi Gas Chemical, which is headquartered in Japan, announced its continued partnership with SABIC in Saudi Methanol Co (Ar Razi). The duration of the partnership is 20 years. In December, SABIC announced about buying 50% stakes of Japan Saudi Methanol Co. for $150 million, which will increase SABIC’s stake to 75%.According to the new arrangements, JSMC has to pay $1,350 million to SABIC for continued partnership. Further, JSMC has agreed for the new arrangements [...]

Read More

Pharmaceutical Giants Betting Big on the Use of AI in Drug Discovery, Sales Planning and Pitch, and Patient Safety Data Monitoring
March, 2019

Merck is betting high on AI with yet another agreement with a company known as Iktos in which it will use the generative virtual design modeling technology to fast track the drug discovery and design of new molecules.Faster new molecule entity identification is one of the key challenges in the pharmaceutical industry because the failure rate during the clinical testing is high. So, a faster process is needed to expand the new molecule library during the research and development process.The AI technology i [...]

Read More

New Hybrid Genome Assembly Technology is Expected to Change the Dynamics of Gene Sequencing Market
March, 2019

A team led by Professor Ya-Ping Zhang and Professor Zhanshan (Sam) Ma from the Kunming Institute of Zoology of the Chinese Academy of Sciences have developed a novel hybrid genome assembly technique for the latest third-generation DNA sequencing technologies (3GS). The novel technique can significantly lower the required sequencing coverage for the third-generation sequencing technology and also has the potential to notably reduce 3GS sequencing costs. The new hybrid assembly technology is based on two 3GS assembly software packages (SPARC and [...]

Read More

Abbvie’s RA Drug Moves a Step Closer for Approval
March, 2019

Upadacitinib developed by Abbvie is a step closer towards marketing as a rheumatoid arthritis (RA) treatment. The US FDA has accepted and granted Priority Review to AbbVie’s New Drug Application (NDA) for upadacitinib as a therapy for adult patients with moderate to severe RA. The oral drug which is a Janus kinase 1 (JAK1) inhibitor is expected to receive FDA regulatory decision for RA in the second half of 2019. AbbVie submitted the NDA with supporting data from the SELECT phase-3 program where 4000-plus adults with moderate to severe RA [...]

Read More

The Josh of Roche is high in March 2019 as it gets six approvals for its products during the first half of the month
March, 2019

FDA approval of Tecentriq (atezolizumab) in combination with carboplatin and etoposide for the treatment of adults with extensive-stage small cell lung cancer (ES-SCLC)FDA approved its product Tecentriq (atezolizumab) for the treatment of adults with extensive-stage small cell lung cancer (ES-SCLC) in combination with chemotherapy (carboplatin and etoposide) as a first line therapy. The FDA approval is based on company’s Phase-III IMpower133 study, in which Tecentriq (in [...]

Read More

Shell Starts Production at New Petrochemicals Unit
March, 2019

Shell Chemical LP announced the start of production in a new olefin at Geismar, Louisiana. The start of operations began in December 2018. Its will be USA manufacturing site. The expansion of 425,000 tons per year brings fourth alpha olefins (AO) production to more than 1.3 million tons per year.The alfa olefins are used as a raw material for various day to day life, such as hand soaps, detergents, motor oils and others. These are required by most of the people for daily use.As per Executive Vice Presiden [...]

Read More

Jiangsu Sailboat to Use Honeywell Technology to Produce Propylene
March, 2019

Honeywell announced that Jiangsu Sailboat will utilise Honeywell UOP's C3 Oleflex technology to produce propylene and meet the expected demand for plastics. The production is planned to be 700,000 metric tons per annum of polymer-grade propylene at its facility in Lianyungang City in China's Jiangsu Province. The existing facility which utilizes Honeywell UOP's methanol-to-olefins (MTO) process to produce ethylene and propylene of Jiangsu Sailboat is expected to be expanded. The coming facility will help meet the demand of plastics for consumer [...]

Read More

Arkema and Hexcel to Open A Joint R&D Laboratory
March, 2019

Hexcel and Arkema announced about their partnership in opening a new research and development laboratory. The laboratory will be open by April. The companies together also formed strategic alliance for developing thermoplastic composite solutions for the aerospace sector. The firms are combining expertise Arkema in PEKK and Hexcel in carbon fiber. The announcement was made in March 2018.The companies’ major goal from this new R&D laboratory is to develop carbon fiber-reinforced thermoplastic prepreg tapes for a [...]

Read More

Growth of Li-Fi in Inflight Connectivity
March, 2019

“Stakeholders providing inflight connectivity solutions are trying diverse ways to overcome the challenges related to the speed of inflight connectivity. Substituting Wi-Fi with Li-Fi is one among them.”Inflight connectivity is gradually evolving from a premium and optional feature to a common and necessary feature present in almost all airlines. There is a higher demand for seamless and faster connectivity in flights, especially among millennial [...]

Read More