Market Flash

Biotech company FibroGen has announced that it will be cutting nearly one third of its American staff, affecting around 60 employees.

• biotech

On July 12th, 2023, the European Food Safety Authority (EFSA) released an opinion on the safety evaluation of a food enzyme, cellulase, which is produced by the non-genetically modified Aspergillus niger strain 294.

• cellulase

On July 12th, 2023, the European Food Safety Authority (EFSA) released an opinion on the safety evaluation of a food enzyme, endo-1,4-β-xylanase, which is produced by the non-genetically modified microorganism Aspergillus tubingensis strain LYX.

• food enzyme

Ginkgo Bioworks, a synthetic biology company, and Sumitomo Chemical, a Japanese chemical manufacturer, have announced an expansion of their partnership to develop functional chemicals using synthetic biology.

• Ginkgo
• Sumitomo

The US Environmental Protection Agency (EPA) has taken action to reduce children's exposure to lead by proposing stricter limits on lead paint dust in older homes and childcare facilities.

• copper sulfate

Acrylic acid, acrylic monomer, and acrylic resin are widely used in various industries such as coatings, adhesives, textiles, and personal care products.

• Acrylic Acid
• acrylic monomer
• acrylic resin

Recently, the Rice Crop Pest Control Technology Innovation Team at the China National Rice Research Institute discovered through research that nano zinc oxide can enhance rice's resistance to rice blast fungus.

• zinc

As wildfires continue to threaten communities in California and other parts of the world, finding ways to mitigate their destructive impact has become increasingly important.

• Fire
• fire retardant coatings

On July 12, 2023, the Polish Ministry of Agriculture and Rural Development reported to the World Organization for Animal Health (OIE) that a new outbreak of Newcastle disease had occurred in Poland.

• disease

The Dutch chemical industry has been heavily impacted by continuously rising energy prices since Q2 2022.

• Dutch

According to reports, several European companies have reported a decline in chemical demand in the second quarter of this year, with no signs of improvement in sight.

• BASF
• Evonik
• Brenntag
• Clariant

Under the boost of crude oil, the chemical market has also emerged from its slump in the short term.

• crude oil

On July 11th, Longi Green Energy Technology Co., Ltd. announced plans to increase its stake in Zhongzhou Carbon Co., Ltd. through its subsidiary Zhongcarb New Materials by RMB 300 million in cash.

• new energy

BASF, the German chemical company, announced on Tuesday that it is cutting its 2023 earnings guidance due to weak industrial demand caused by the ongoing COVID-19 pandemic.

• BASF

According to data released by the South Korean Ministry of Food and Drug Safety, there were a total of 75 cases of non-compliant agricultural and food products originating from China from April to June 2023, representing a 23% increase compared to the sam

• non-compliant

On July 12th, it was reported that the European Union had issued a notification regarding the non-compliance of exported Xanthan Gum from China.

• xanthan gum

Arkema announced that it plans to acquire a 54% stake in the Korean-listed company PI Advanced Materials held by Glenwood Private Equity for an enterprise value of €728 million and consolidate its financial statistics into Arkema's financial statement.

• Arkema

Leaked documents have revealed that the European Union (EU) is set to drop the ban on hazardous chemicals, following intense industry pressure.

• Hazardous chemicals
• Ban

In a recent report released by the United States Department of Agriculture (USDA), it has been suggested that the coronavirus may have spread widely in deer populations and could potentially spread back to humans.

• coronavirus

2023 has been a year of continuous events in the medical field.

• medical event