Sector News

Sumitomo buys stake in natural sweeteners firm

October 8, 2019
Energy & Chemical Value Chain

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

comments closed

Related News

June 22, 2024

Vynova announces R&D programme on PVC recycling technologies

Energy & Chemical Value Chain

Vynova announced the launch of a research & development programme to further advance PVC recycling and help the PVC value chain accelerate towards circularity. Vynova’s innovation efforts focus on technologies to remove heavy metals from dissolved rigid post-consumer PVC waste such as used window profiles or pipes.

June 22, 2024

Actylis appoints Scott Thomson as CEO

Energy & Chemical Value Chain

Actylis, a global manufacturer and sourcing expert of critical materials and performance ingredients for the life sciences and specialty chemicals markets formed in 2022, appointed Scott Thomson as new Chief Executive Officer. Scott Thomson, who succeeds Gilles Cottier at the helm of the Port Washington, NY-based CDMO, has a three-decade track record in the pharmaceutical and chemical industries.

June 22, 2024

ADM and Bayer expand regenerative agriculture partnership

Energy & Chemical Value Chain

ADM and Bayer have announced an extension of their regenerative agriculture collaboration, working with farmers to lower carbon emissions across Europe. The companies embarked on a feasibility study last year to evaluate regenerative agriculture practices’ impact on curbing carbon emissions, increasing biodiversity and improving soil health.

How can we help you?

We're easy to reach