Market Flash

Manuchar, a global chemical distributor headquartered in Antwerp, Belgium, has entered into an agreement to acquire a majority stake in Proquiel Químicos.

• Manuchar
• Proquiel Químicos

Dymax announces the launch of a select line of light-cured adhesives and coatings. They are designed to meet the complex assembly needs of stationary energy storage systems.

• Dymax

On August 13, 2024, the Consumer Affairs Agency of Japan released the 2023 Consumer Survey on Food Labeling.

On August 13, 2024, the Ministry of Health, Labor and Welfare of Japan issued Notification No. 081303 of the Pharmaceutical, Sanitary and Food Standards.

Recently, the United States has announced the first 10 drug prices after negotiations under the Inflation Reduction Act (IRA). Among these drugs, the price reduction for at least 9 of them is at least 50%.

Sirnaomics, a company that has been deeply involved in the peptide field for over 20 years, achieved significant growth in the export of peptide APIs in the first half of the year, with a year-on-year growth rate of 97.51%.

In Samarahan, Sarawak, Malaysia, a chemical factory in the Shamarahan Industrial Estate experienced a violent explosion at dusk on August 14th, with thick smoke billowing out, making the scene look like a volcanic eruption.

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.