Page 165 - CW E-Magazine (3-9-2024)

News from Abroad

national compounding pharmacies in Partnership with Aquaporin
pharma, personal care and other life In another unrelated development,
science industries. Founded in 1991 Brenntag announced the signing of a
and headquartered in Itapevi, Brazil, distributorship agreement for APAC
the two businesses generated sales of and Turkey regions with Aquaporin,
approximately Euro 11-mn in 2023. a Denmark-based water technology
Financial details of the deal were not transaction is a major step forward,” said company dedicated to rethinking water
disclosed. Mr. François Bleger, Global President filtration with biotechnology. The first
Beauty & Care – Brenntag Specialties. membrane element order has already
The acquisition adds an applica- been shipped from Aquaporin to Turkey.
tions & innovation centre as well as Mr. Torsten Walz, Global President Brenntag will add Aquaporin’s Clear
two laboratories to the Brenntag Pharma – Brenntag Specialties, com- products to its portfolio.
network and provides access to the mented, “PIC and PharmaSpecial have
attractive soft gel capsule market. built a broad portfolio of world-class The deal will significantly expand
suppliers and value-added services Aquaporin’s reach in the industrial element
“Growing our footprint in Latin which are highly compatible with our business. Already contributing to revenue
America, better serving our customers global pharma strategy. I look forward numbers in 2024, Aquaporin expects this
and expanding our value-added services to growing our business in the region to collaboration to contribute to a double-
capabilities is our ambition, and this expand on this foundation.” digit growth in 2025 in this segment.

PARTNERSHIP
SK Geo Centric and Canada’s Winpak join up

to develop sustainable packaging materials

South Korean chemicals firm, Key objectives of the MoU in- a comprehensive agreement between
SK Geo Centric (SKGC), has signed clude investigating technical and SKGC and Winpak.
a Memorandum of Understanding commercial feasibility of the part-
(MoU) for supply of packaging mate- nership, exploring various options “This partnership represents a signi-
rials from recycled plastic to Winpak, for the supply and purchase of pack- ficant first step towards our shared
a Canada-based packaging company. aging materials, and potentially goal of promoting sustainable practices
entering into a binding agreement in the packaging industry. We are
The MoU outlines the mutual to formalise the details of the com- excited to collaborate with Winpak
intent of SKGC to supply sustainable mercial relationship. to explore new ways of incorporating
packaging materials, including pyro- recycled materials into our packaging
lysis-based polyethylene/polypropy- The MoU sets out principal terms solutions,” said Mr. Woo hyuk Choi,
lene materials, and Winpak to purchase and conditions of the partnership, to Executive Vice President of Solution
these materials. be the first step towards establishing Business Division at SKGC.

EU approves €1-bn Dutch green hydrogen subsidy

scheme

The European Commission has The Dutch government will pro- ing renewable hydrogen to a price
given state-aid approval for a €998-mn vide grants worth up to 80% of the that offtakers are willing to pay.
subsidy auction scheme put forward by upfront investment cost of projects, These developments showcase that
the Dutch government, which seeks to as well as “a variable premium over governments around the world are
support at least 200-MW of new green a period of 5 to 10 years” in the backing hydrogen as the fuel of the
hydrogen production capacity. hope of lowering the cost of produc- future.

Chemical Weekly September 3, 2024 165

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