Market Flash

The August 14th report indicates that German biomethane supplier Landwarme has declared bankruptcy due to a sharp decline in greenhouse gas emission allowance prices.

The Australian and New Zealand Food Standards Authority (FSANZ) has recently approved a triacylglycerol lipase derived from genetically modified Rhizopus oryzae as a food processing aid.

The red yeast rice health supplement incident at Kirin Pharmaceutical has resulted in a series of serious consequences

Australian and New Zealand Food Standards Agency (FSANZ), on August 19, 2024, the agency issued Notification No. 301-24, approving Application No. A1247 and officially recognizing D-Aloxitol as a new type of food.

The French government is currently conducting a thorough investigation into a Salmonella outbreak linked to soft cheese produced in the Cantal region.

In July, industrial production rose 5.1 per cent year-on-year in real terms and 0.35 per cent month-on-month. By sector, oil and gas extraction increased by 5.7%, and chemical raw materials and chemical products manufacturing increased by 8.6%.

Honeywell is working with Spanish energy and petrochemical group Repsol to create new production pathways for biofuels and circular materials.

• Honeywell
• Repsol

Seeq, a leader in industrial analytics, AI, and monitoring, announced that it has closed a $50 million Series D funding round led by Sixth Street Growth.

• Seeq
• Sixth Street Growth

Ghanaian startup Theseus Development produces an alternative to cement-based concrete for the construction industry, called “geopolymers.”

• Theseus Development

American chemical company Chemours has opened the Chemours Battery Innovation Center (CBIC), a laboratory facility located in the company's Discovery Center in Newark, Delaware, USA.

• Chemours

Biotech specialist NextGen Actives has launched Apinol360, a soy lecithin and propolis extract, an anti-inflammatory active ingredient positioned as a natural, safe alternative to retinol.

• NextGen Actives

The European Food Safety Authority (EFSA) has published a safety assessment of two genetically modified (GM) maize varieties and two GM strains used in food production.

Australia and New Zealand have officially published Amendments to Codex 230, which implement important updates in a number of key areas.

Canada has made significant progress in the field of genetically modified foods, approving a new variety of corn called DP-51291-2 for food consumption.

The Food Standards Agency of Australia and New Zealand (FSANZ) has announced that it is reviewing an application, number A1308, to approve the use of this ingredient.

The Food Standards Agency of Australia and New Zealand (FSANZ) has announced that it is considering an application (A1307) to approve the use of the ingredient in infant formula.

The Brazilian Animal Protein Association (ABPA) predicts that the animal protein industry in Brazil will continue to expand in the coming years.

At the same time, the company is actively pursuing collaboration opportunities related to these promising drug candidates.

CHT, a leading global manufacturer of high-quality emulsions, additives and coatings, announces a strategic partnership with Gehring Montgomery, Inc., a leading U.S. chemical distribution company.

• CHT
• Gehring Montgomery

As of 31 July 2024, a total of 69 local cases of West Nile virus infection have been reported in eight countries in Europe.