The Mazda Pharma Guide 7th October to 13th October | Page 32

CHEMICALS NEWS
CHENGDONG

Uralkali's decision at the end of July to
quit the Belarusian Potash Co. (BPC;

ACQUIRES 12.5%

Minsk) potash export cartel, analysts say.

STAKE IN

Uralkali CEO Vladislav Baumgertner,

URALKALI

charged with abuse of office as chairman
of BPC, remains detained in a prison in

Uralkali (Berezniki, Russia), one of the

Belarus after being arrested in Minsk on

world's largest producers of potash, says

26 August.

it has been informed by Chengdong

Renewable oil and bioproducts company
Solazyme (South San Francisco) and
consumer goods company Unilever have
executed a commercial supply agreement
for the first partnered Solazyme tailored
algal oil. The companies have been
collaborating for five years on multiple

Investment Corp. (CIC) that CIC has

AKZONOBEL

acquired a 12.5% stake in Uralkali. CIC

INVESTS €50

is a unit of sovereign wealth fund China

UNILEVER

projects with increasing levels of success
culminating in this initial supply
agreement, Solazyme says. The

MILLION TO

the stake by converting bonds into
ordinary shares of Uralkali. CIC

agreement covers the first of Solazyme

BUILD POWDER

Investment Corp. (Beijing). CIC acquired

and Unilever's jointly developed tailored
oils with an initial supply of about

COATINGS AND

10,000 mt. The oil will be produced at

from Russian billionaires Suleiman

DECORATIVE

the Solazyme Bunge Renewable Oils

Kerimov, Filaret Galchev, and Anatoly

PAINTS

purchased the bonds in November 2012

facility.

Skurov. The three are each major
shareholders in Uralkali. The acquired

FACILITIES IN

stake is worth about $2 billion at current

CHINA

TRACK WITH

market prices. Uralkalli says that, with a
12.5% stake, CIC becomes the second-

AkzoNobel says it will invest a total of

biggest shareholder in Uralkali. Kerimov over €50 million ($67 million) to build
new manufacturing facilities at Chengdu,
remains the biggest shareholder, with a
21.75% stake, Uralkali says. Galchev has China, for its powder coatings and
7%, and Skurov has 4.8%. The remaining decorative paints businesses. The powder
53.95% of Uralkali is listed on the stock

coatings facility is scheduled to open in

exchange. Uralkali's shares are listed on

2014 and the decorative paints site is

the Moscow stock exchange, and its

expected to start production in 2015.

global depositary receipts are traded on

Chengdu is one of the fastest growing

the London Stock Exchange. Kerimov is

cities in south western China and it has

in talks to sell his stake to one of several

established itself as an important

other Russian billionaires, press reports

industrial hub, resulting in high demand

say.

for quality powder coatings and
China is the largest consumer of

potash and a major importer, accounting
for an estimated 20% of the $20billion/year worldwide potash market.
Uralkali says it accounts for about 20%
of worldwide potash production. CIC's
stake will strengthen Uralkali, following
32

LANXESS ON

decorative paint, which is expected to
remain strong as the economy bounces
back.

EPDM PROJECT
IN CHINA
Lanxess says it is progressing according
to plan with the construction of its
previously announced world-scale plant
for ethylene propylene diene monomer
(EPDM) synthetic rubber at Changzhou,
China. Lanxess announced plans for the
project in September 2012 and the
company is investing €235 million ($317
million) to build the 160,000-m.t./year
plant, which will be the world's largest
EPDM plant. Nearly 45% of the
investment total will be spent by the end
of 2013, Lanxess says. Foster Wheeler,
last November, was awarded an

SOLAZYME TO

engineering, procurement, and
construction contract.

SUPPLY TAILORED
ALGAL OIL TO
THE MAZADA PHARMA GUIDE q
7 October - 13 October 2013