Market Flash

Recently, McDermott has been awarded the Kasawari Carbon Capture and Storage (CCS) project contract by Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), which is an offshore project located Sarawak, East Malaysia.

• McDermott
• Kasawari CCS project

Recently, Sirona Biochem announced the formation of Sirona Laboratories, a new company dedicated to realizing the commercial potential of its breakthrough anti-aging skin care ingredient GlycoProteMim.

• Sirona Biochem
• GlycoProteMim
• Sirona Laboratories

Elementis will open a new unit in Portugal with a center of excellence and an R&D laboratory.

• Elementis

China is the world's largest producer and consumer of pesticides, the annual output of pesticides accounts for more than 30% of the world's total. Along with the "Belt and Road" initiative, it has also brought vitality and bright prospects to th

• Belt
• and
• Road
• pesticide
• Glyphosate

The European Food Safety Authority (EFSA) has issued an opinion on the safety assessment of endo-1,4-β-xylanase

• food enzyme

The European Food Safety Authority (EFSA) has released an opinion on the safety assessment of β-galactosidase, a food enzyme produced by non-genetically modified Papiliotrema terrestris strain AE-BLC

• β-galactosidase

The European Food Safety Authority (EFSA) has released an opinion regarding the safety evaluation of 3-phytase, a food enzyme produced by genetically modified Aspergillus niger strain NPH

• 3-phytase

The European Food Safety Authority (EFSA), in its latest opinion, has conducted a safety assessment of glucan 1,4-α-maltohydrolase, a food enzyme produced by genetically modified Bacillus subtilis strain BABSC

• food enzyme

The Canadian Ministry of Health, on January 12, 2024, issued NOM/ADM SI-007, revising the list of approved supplementary ingredients and granting approval for the use of green tea extract

• green tea extract

In the fiercely competitive pharmaceutical industry of 2024, major pharmaceutical companies are striving to innovate and secure a leading position in the market.

• Pharmaceutical Leader

Astellas Pharma China, a leading pharmaceutical company, recently announced significant organizational changes and the establishment of a new business unit.

• Astellas Pharma

In the realm of pharmaceuticals, the pursuit of market dominance is a constant struggle between innovator drugs and generic drugs.

• Innovator Drugs
• Generic Drugs

Lotte Chemical’s second attempt to sell a non-core subsidiary in Pakistan failed. The group recently proposed plans to enhance the group's competitiveness and support the group's construction sector.

• Lotte chemical
• LCPL

Situated in central Maine, the Riverside Station is responsible for supplying fresh groundwater to thousands of households in the area.

• Forever Chemicals

On 14 Jan, local time, according to Israeli media reports, a powerful explosion occurred at Bazan Group’s Carmel Olefins Ltd. in Haifa Bay.

• Carmel Olefins Ltd.
• Israeli

Plant Advanced Technologies (PAT) will launch its new cosmetic active ingredient HydraQueen Exudactive. The botanical active ingredient works to repair the skin barrier and kicks off the launch of the company's new Exudactive range.

• Plant Advanced Technologies

Saudi Chemicals Company Holding (SCCH) has signed a non-binding memorandum of understanding with DynoNobel to establish a production facility for the production of ammonium nitrate and nitric acid in Ras Al Khair.

• SCCH
• Dyno Nobel

After making strategic acquisitions in the retail sector in Germany, France, Belgium and Slovakia, French group Bogart is pursuing an external growth strategy and has acquired the well-known perfume brand Rose et Marius, headquartered in Aix-en-Provence.

• Bogart
• Rose et Marius

Recently, it was learned that the pesticide molecular target and green pesticide innovation team used interface polymerization method to synthesize polyurethane microcapsules loaded with Prothioconazole.

• Prothioconazole
• Chitosan
• oligosaccharide
• pesticide

Recently, the UK Health and Safety Executive （HSE）has proposed to withdraw approval for Mancozeb, the active ingredient in fungicides, which will be a significant development with implications for the agricultural sector.

• mancozeb
• HSE
• fungicides