Ingevity has announced that it will close its site at DeRidder, Louisiana, by the end of 1H 2024 plus other cost reduction actions. Combined with previously announced cuts, these are expected to yield savings of $65-75 million/year from 2024 onwards.

DeRidder makes a range of products based on crude tall oil (CTO), primarily for the Industrial Specialties business. The company is seeking to transition away from CTO-based fatty acids and towards those based on soy, canola and others. This is because of the high costs of CTO as a result of demand from the biofuels market.

Germany’s Federal Ministry of Education & Research (BMBF) is to fund the Green Chem consortium in building “an ecosystem for transfer in the field of green chemistry” with up to €10 million. The 29-strong consortium is led by Covestro, Berlin-Chemie and three universities in the city, and includes regional technology clusters, private firms and foundations, among others.

Aashi Mishra shares some highlights from a recent Research Nester study

Oleochemicals are chemicals that are obtained from fats and oils, both vegetable and animal. They find use across diverse industries and are gaining popularity owing to their eco-friendly and sustainable characteristics.

Oleochemicals have a range of qualities, including being biodegradable, low toxicity levels and being derived from renewable sources. Moreover, they can be customised to exhibit attributes like enhanced lubrication or increased solubility.

The US Environmental Protection Agency (EPA) has removed an exemption for per- and polyfluoroalkyl substances (PFAS) reporting, requiring companies to submit data on products containing any level of PFAS to the Toxic Release Inventory (TRI) each year. Previously, those containing minimal concentrations of PFAS were exempt.

Clariant has agreed to acquire Lucas Meyer Cosmetics of Québec, Canada, a supplier of cosmetics and personal care ingredients from International Flavours & Fragrances. The $810 million, 16.3 x EBITDA deal is expected to close in Q1 2024, subject to regulatory approvals and customary closing conditions.

Private equity investor Advent International has completed the acquisition of 50.1% stake in Indian CDMO Suven Pharma for $5.95/share, as originally agreed in December 2022. This will shortly trigger an open offer for the remaining 26% not being retained by the founding Jasti family. The move follows approval by the Cabinet Committee on Economic Affairs in August.

Dow and Sasol both used this year’s SEPAWA Congress in Berlin on 25-27 October to launch surfactants that claim superior ecological profiles. In both cases, the products are based on collaboration with smaller, technology-based partners.

Dow developed EcoSense 2470 Surfactant with carbon recycling company LanzaTech Global, which recovers waste carbon then transforms into ethanol and on to surfactant ingredients. The company said that this is differentiated other biosurfactants and biobased surfactants in two ways: *