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
PepsiCo Europe and crop nutrition company Yara have announced a long-term partnership aimed at providing European farmers with low-carbon crop nutrition solutions to help decarbonise the food value chain. Under the agreement, Yara will supply PepsiCo with up to 165,000 tons of fertiliser per year by 2030, covering around 25% of the food and beverage giant’s crop fertiliser needs across Europe.
BASF has signed an agreement to sell its flocculants business for mining applications to Solenis, a specialty chemicals manufacturer. The divestment of the flocculants business to Solenis is part of BASF’s ongoing portfolio optimisation with the aim of focusing on strategic core areas.
ADAMA Ltd. a leading crop protection company, announced that its board of directors has appointed Gaël Hili as its President and Chief Executive Officer, effective October 1, 2024. Hili will join the Syngenta Group Leadership Team and will be based in Tel Aviv.
