Page 159 - CW E-Magazine (31-10-2023)

News from Abroad

must be brand new or launched within ‘Best Active Ingredient’ category in- Ingredients’ include Aristoflex Eco T
the last eight months and combine in- clude Algaktiv Collage (Algaktiv), (Clariant), Belsil EG 3000 (Wacker
novative science and product features Col-4-Frag remastered (LipoTrue), Chemicals (South Asia)), Bentone Plus
that demonstrate substantial benefits to Holobiosys (Greentech), Immunight Glow (Elementis), EcoSense APP-1000
manufacturers and end-users. Winners and Regenight (Lucas Meyer Cosmet- surfactant (Dow), Emulium Dermolea
will be announced on November 8 ics), Perfeline-Fit and Hairvivine-Pro MB (Gattefossé), EverGuard CY (Sino
during the awards ceremony at the (Rahn), Regetaste (CODIF Technologie Lion USA), NatPro 8000 (Chemrez
Bangkok International Trade and Naturelle), Sagacious (Seppic Asia), Technologies), Softisan MagicPowder
Exhibition Centre (BITEC). and Uplevity e-Lift peptide (Lubrizol). S (IOI Oleo), Tinomax CC (BASF),
and TMS-T05DCB/TMS-T10DCB
The ingredients shortlisted in the The shortlisted ‘Best Functional (Tayca).

PIGMENTS & POWDERS
Symrise raises stake in Kobo Products

German fragrances & flavours ma- own portfolio,” said Dr. Jörn Andreas,
jor, Symrise, has increased its holdings the Executive Board member responsi-
in US pigment and powder specialist, ble for Scent & Care at Symrise.
Kobo Products Inc., to 49%. Kobo
Products Inc.’s product portfolio include The partnership with Kobo began in
both the colour range of surface-treated 2021 and has successfully evolved ever
pigments and dispersions for makeup since. This second investment and the
products and mineral sunscreen pro- related increase of the Symrise holding
ducts. Kobo owns group companies to 49% represent the logical next step
in the US, France, Brazil and the UK. in the companies’ partnership. The ex-
It also holds a majority stake in a joint panded partnership with Kobo includes
venture in Japan. an agreement on the future disposition
of shares of Kobo’s capital stock and
“The transaction creates further op- in a press note. “Kobo Products Inc. the governance of Kobo. The funds
portunities for both companies in the is the perfect partner for our activities raised in this transaction are to be used
fields of mineral UV filters and deco- in the field of inorganic sunscreen fil- to expand capacity and enhance the
rative cosmetics. Kobo customers will ters and colour solutions for decorative supply chain to continue its growth
also benefit from expanded capacities cosmetics. With its innovative product trajectory and further optimise its busi-
and global supply chains,” Symrise said range, Kobo perfectly complements our ness operations.

UPM selects Dongsung Chemical to distribute

bio-based MEG in Korea
Finland-based UPM Biochemicals milestone in bringing our renewable it will convert sustainably sourced, cer-
has selected Dongsung Chemical as the chemicals to market and in establishing tified hardwood into next generation
sole distributor of its bio-monoethylene an entirely new category of high value biochemicals. The Leuna biorefinery is
glycol (BioMEG) BioPura in Korea. This sustainable chemicals. We will continue part of a broader growth area, UPM Bio-
further strengthens the development to collaborate in the development of refining, focused on scaling refineries
partnership between the two companies alternative solutions for a large variety producing a variety of renewable fuels
announced last year. Through this part- of customer segments in the Asian shoe and chemicals made from sustainable
nership, UPM will access the large Ko- and textile markets,” said Mr. Michael biomass. UPM’s BioPura is produced
rean MEG market with a size of roughly Duetsch, Vice President Biochemicals from hardwood obtained from forests in
two-thirds of the European Union’s MEG at UPM. UPM has invested €1,180-mn the regions around Leuna in Germany.
market. “Expanding the partnership with to build the “world’s first industrial scale The biomass does not compete with food
Dongsung Chemical is another major biorefinery” in Leuna, Germany, where resources, according to the company.

Chemical Weekly October 31, 2023 159

Contents Index to Advertisers Index to Products Advertised