Market Flash

European Union Research Group on Animal Feed Additives and Products (FEEDAP) has issued a report on L-arginine, produced by fermentation of E. coli CGMCC 7.401.

On October 7, 2024, the German Federal Food Safety Authority for Consumer Protection (BVL) published a detailed report on the use of antibiotics in animals in 2023.

On October 7, 2024, the Chemical and Veterinary Investigation Office (CVUA) of Baden-Wurttemberg, Germany, officially published the 2023 detailed monitoring report on drug residues in foods of animal origin.

ATP Adhesive Systems (ATP), a manufacturer of solvent-free adhesive technologies, announces the acquisition of NESCHEN Coating GmbH (NESCHEN), a manufacturer of solvent-free adhesive products, from Blue Cap AG.

• ATP Adhesive Systems
• NESCHEN

On October 9, Celanese Corporation, a global specialty materials and chemicals company, announced the expansion of its Asian Technology Center (ATC) in Pudong, Shanghai, China.

• Celanese

Rio Tinto announced that it will acquire Arcadium Lithium in an all-cash transaction of $5.85 per share, valuing the lithium company at approximately $6.7 billion.

• Rio Tinto
• Arcadium Lithium

Honeywell has announced plans to spin off its advanced Materials business unit from the main body of the company and form a separate publicly traded company in the United States.

According to information released by the Vietnamese Commerce Department in India, the Indian government has officially lifted the export ban on non-Basmati rice at the end of September and set a floor export price of $490 per ton.

The African swine fever outbreak has affected a number of countries, including Italy, Romania, Poland, Hungary, Ukraine, South Africa, Moldova, Germany, South Korea, Bhutan and Serbia.

According to the latest news from the Official Journal of the European Union, on October 4, 2024, the European Commission officially promulgated a new regulation, Regulation (EU) 2024/2635.

After in-depth analysis, the expert panel unanimously confirmed that the additive demonstrated a high level of safety for the target animal species, the end consumer, and the ecological environment.

On October 9, Bayer officially announced that its New Drug Marketing Application (NDA) has been accepted by the US Food and Drug Administration (FDA).

Tengram Capital Partners has sold HRB Brands (HRB) to Sodalis Group, a European beauty and personal care platform.

• HRB
• Sodalis group
• Tengram capital partners

Trinseo, a provider of specialty materials solutions, has announced a restructuring plan designed to better position the business for long-term growth, improved profitability and increased cash generation.

• Trinseo

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The Belarusian government announced that it will again implement a six-month license system for the export of some food varieties, and the relevant official documents have been published on the national legal portal.

On October 4, 2024, the European Food Safety Authority (EFSA) issued an official statement announcing plans to revise the maximum residue limits for dichlorpropionate (MRL) in cereals.

On October 4, 2024, the European Food Safety Authority (EFSA) issued an official statement announcing plans to revise the maximum residue limits for dichloropropionic acid (MRL) in cereals.

The outbreak has revealed two core truths about manufacturing: supply chains are increasingly globalized, and chemical suppliers play an integral role in cross-industry supply chains.

After the completion of the project, it will have an annual production capacity of 40,000 tons of hydrogen, 900,000 tons of propylene, 800,000 tons of new materials for polycarbonated alcohol and hydrogen energy utilization.