F O C U S longer economically viable. The employees affected by the closure will be redeployed to other operations at the Niederkassel site (particularly alcoholates production for biodiesel catalysts). Chimie Pharma Hebdo, 16 Jun 2008, (427), 13 (in French)
Grace reports 1Q 2008 financial results: core operations: Grace Davison For its 1Q 2008 (period ends 31 Mar 2008), the Grace Davison division of WR Grace & Co has reported net sales of $497.1 M ($467.6 M for its 1Q 2007), of which: Refining Technologies accounted for $236.9 M ($219.9 M), Materials Technologies $170.3 M ($159.6 M), and Specialty Technologies $89.9 M ($88.1 M), and pre-tax operating income of $62.3 M ($54.4 M). This division’s main products are catalysts and speciality materials. There is discussion of the business and of the results. WR Grace Financial Results 1Q 2008, 23 Apr 2008, 23,9 (WR Grace & Co, 7500 Grace Drive, Columbia, MD 21044, USA. Website: http://www.grace.com)
Haldor Topsoe 2007: Financial highlights For its fiscal 2007 (period ends 31 Mar 2007), Haldor Topsoe A/S has reported revenue of DKR 3622 M (DKR 3571 M for its fiscal 2006), of which: catalysts accounted for DKR 2578 M, and technology DKR 1043 M, EBITDA of DKR 376 M (DKR 526 M), net profit of DKR 557 M (DKR 280 M), and headcount of 1742 (1611). There is discussion of the business and of the results. Haldor Topsoe Annual Report 2007, 5 Mar 2008, 5,26 (Haldor Topsoe A/S, Nymollevej 55, PO Box 213, DK 2800 Lyngby, Denmark. Tel: +45 4527 2000. Fax: +45 4527 2999. Website: http://www.haldortopsoe.com)
Harvard and SunEthanol Inc announce collaboration to advance biofuels research Harvard University’s Office of Technology Development and SunEthanol Inc, a biofuels technology company, have entered into a new research collaboration agreement to further advance a promising approach for deriving ethanol from biomass. Under the collaboration, Harvard
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Medical School researchers will work to develop new genetic strains of a proprietary natural bacterium that SunEthanol is using to convert cellulose into ethanol. SunEthanol is developing the Q Microbe – which a member of its team discovered near the Quabbin Reservoir in Central Massachusetts – to produce ethanol from a variety of plentiful biomass feedstocks, including switchgrass, corn stover, wheat straw, sugar cane bagasse, and wood pulp. Importantly, none of these sources of biomass would be diverted from the food supply. Press release from: Harvard University’s Office of Technology Development, Holyoke Center, Suite 727, 1350 Massachusetts Avenue, Cambridge, MA 02138, USA. Tel: +1 617 495 3067. Fax: +1 617 495 9568. E-mail:
[email protected]. Website: http://otd.harvard.edu and SunEthanol, 101 University Drive, Suite A 7, Amherst, MA 01002, USA. Website: http://www.sunethanol.com (12 Jun 2008)
INEOS Silicas and PQ Group agree to combine On 2 Jul 2008, following clearance by the competition authorities, INEOS announced that it has completed the agreement to combine INEOS Silicas and PQ Corp, the speciality chemical company owned by The Carlyle Group. The Carlyle Group will hold a 60% share and INEOS Capital the remaining 40% of the new company. The new company is to be called PQ Corp. It will be a global producer of speciality inorganic chemicals, catalysts, and engineered glass products and is expected to have sales of around $1 bn/y. Mike Boyce, will assume responsibility as Chairman and Chief Executive Officer. This announcement follows an agreement made between the two companies on the 11 Oct 2007. Operating under single ownership presents both businesses with new opportunities for innovation and growth that will provide significant customer benefit. Press release from: Ineos Group Ltd, Hawkslease, Chapel Lane, Lyndhurst, Hampshire SO43 7FG, UK. Tel: +44 2380 287043. Fax: +44 2380 287046. Website: http://www.ineos.com (2 Jul 2008)
Johnson Matthey: preliminary results for the year ended 31 Mar 2008: summary results For its fiscal 2007 (period ends 31 Mar 2008), Johnson Matthey Plc has
reported revenue of £7499 M (£6152 M for its fiscal 2006), sales (excluding precious metals) of £1750 M (£1454 M), profit before tax of £262.3 M (£226.5 M), and total EPS of £0.885 (£0.969). There is detailed discussion of the business and of the results. Johnson Matthey Preliminary Results Fiscal 2007, 5 Jun 2008, 1-4 (Johnson Matthey Plc, 2-4 Cockspur Street, Trafalgar Square, London, SW1Y 5BQ. UK. Tel: +44 20 7269 8400. Fax: +44 20 7269 8433. Website: http://www.matthey.com)
Johnson Matthey: Preliminary Results for the year ended 31 Mar 2008: Environmental Technologies For its fiscal 2007 (period ends 31 Mar 2008), the Environmental Technologies segment of Johnson Matthey Plc has reported revenue of £2296 M, sales (excluding precious metals) of £1139 M, segment result of £155.2 M, and segment capital expenditure of £105.8 M. There is detailed discussion of the business segment and of the results. Johnson Matthey Preliminary Results Fiscal 2007, 5 Jun 2008, 4,21-22 (see previous abstract)
Johnson Matthey: Preliminary Results for the year ended 31 Mar 2008: Fine Chemicals & Catalysts For its fiscal 2007 (period ends 31 Mar 2008), the Fine Chemicals & Catalysts segment of Johnson Matthey Plc has reported revenue of £622 M, sales (excluding precious metals) of £67.1 M, segment result of £102.1 M, and segment capital expenditure of £25.0 M. There is detailed discussion of the business segment and of the results. Johnson Matthey Preliminary Results Fiscal 2007, 5 Jun 2008, 10-12,21-22 (see previous abstract)
Neuftec issues patent infringement proceedings in the UK against Oxonica Neuftec Ltd, the proprietor of the original nano-particulate cerium oxide fuel catalyst technology, commenced patent infringement litigation in the UK against Oxonica Energy Ltd, a wholly owned subsidiary of Oxonica PLC . The proceedings, issued in the High Court of Justice, allege infringement of Neuftec’s European patent. The
AUGUST 2008