Sumitomo Chemical, along with private equity firm Outlook Investment Group, has announced an investment in Sweegen, a maker of stevia-based sweeteners for the food market. Terms of the investment, including its size, have not been disclosed. Sweegen launched a product line of stevia sweeteners combined with modulators, mouthfeel, and texture ingredients earlier this year.
The investment will help fund the expansion of a manufacturing site in Europe to produce 3,000 metric tons/year of stevia sweeteners, Sweegen says. “We are developing our strategic partnership with SweeGen to be part of the continuous success in providing the natural sweetener market with the latest innovations and advanced technologies, and also extending our established relationship into new ventures in the field of synthetic biology,” says Hiroshi Ueda, vice president at Sumitomo Chemical.
By Vincent Valk
Source: Chemical Week
Members of the European Parliament (MEPs) are proposing ways to step up green energy storage solutions such as hydrogen or home batteries, in a report that was adopted in one […]
Polyethylene (PE) buyers face significant increases in the early stages of July discussions, although retroactive business means that final numbers will not be settled for some weeks. The high level […]
BP is selling its remaining standalone petrochemicals businesses to Ineos for $5 billion (£4 billion), as part of a reorganisation aimed at meeting the challenge of a transition to cleaner […]
