Evonik has concluded a purchase agreement to take over French start-up Alkion BioPharma. Terms of the deal were not disclosed, but the purchase is expected to complete this month.
Alkion’s strength lies in sustainably developed plant-based ingredients for cosmetics and the acquisition will extend Evonik’s personal care portfolio in the specialty actives field, while Alkion is set to benefit from Evonik’s marketing heft, raising awareness of its specialized extraction technology.
“Thanks to its formulation and application expertise, Evonik enjoys an excellent reputation in the cosmetics industry. We are resolutely continuing along this path with the acquisition of Alkion,” said Dr. Tammo Boinowitz, Head of the Personal Care Business Line at Evonik. “This allows us to offer customers product concepts to set themselves apart from competitors.”
By Georgina Caldwell
Source: Global Cosmetic News
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?
