Chemical news · Three minutes a day
Saturday, September 26, 2026
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ADARx Pharmaceuticals raises $446.3 million in upsized US IPOADARx Pharmaceuticals secured $446.3 million in an upsized US IPO, with AbbVie investing up to $100 million in a concurrent private placement. The San Diego-based developer plans to advance its lead candidate, onvuzosiran, for hereditary angioedema treatment.
Inpex exercised pre-emptive rights to acquire JERA's 0.735% stake in the Ichthys LNG project, blocking a deal with MidOcean Energy and raising its interest to 68.555%. The transaction supports Inpex's strategy to expand upstream gas assets and enhance regional energy security.
Genel Energy increased its cash offer for Capricorn Energy to $436 million, outbidding rival DNO ASA in a prolonged contest that saw the target's board switch allegiances twice.
RefinyX acquired Northvolt’s battery recycling technology and patents, backed by Qarlbo Energy. The transaction highlights the strategic push for domestic mineral recovery to reduce reliance on Chinese supply chains.
Persistent rains delaying the US soybean harvest have forced major processors like Cargill and ADM to offer steep premiums or scale back production. This supply shortage has driven cash prices up significantly, impacting downstream markets for soymeal and biofuel feedstocks.
The Italian government will meet major oil refiners next month to increase domestic fuel production amid rising prices and supply shocks. Key players include Eni and Saras, while France advocates relaxing EU fuel quality rules to boost capacity by 20%.
Syrian officials confirmed gasoline shipments from Syria are now moving by road to Iraq, establishing a two-way energy corridor. The operation involves state-owned Syrian Petroleum Company and Qatari supplier UCC Holding, utilizing trucks after unloading at Baniyas refinery.
Sources report BASF and Evonik are in discussions regarding a potential merger to consolidate Europe's chemical sector. Speculation drove Evonik shares up 7%, though both companies declined to comment on the reported takeover interest.
Italy's government will meet refiners like Eni and Sonatrach on October 8 to boost domestic fuel production amidst supply disruptions. Despite €3 billion in subsidies, fuel prices remain high ahead of the 2027 election.
President Trump expressed concern over the yen's weakness during a summit with Japanese Prime Minister Sanae Takaichi, citing risks to energy import costs and inflation amidst coordinated intervention efforts.
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