BASF has confirmed that the company is in exploratory talks with Evonik and RAG-Stiftung, Evonik’s largest shareholder, regarding a potential takeover of Evonik.
INEOS recently announced that it is idling all three of its world-scale chemical plants in Hull, UK, as energy prices hit twelve times those in America.
Citing supply and demand, sustained increases in raw material and energy costs, and supply chain costs, Oxea announced that it will increase prices for certain oxo intermediates.