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Sumitomo to buy biostimulant firm

Subject to usual closing conditions, Japan’s Sumitomo Chemical is to acquire FBSciences, a US-based firm which makes naturally-derived biostimulants and biopesticides via proprietary methods. No financial terms or timelines have been disclosed.

Sumitomo values the biorationals market, the class of products in which biostimulants form the largest part at about $10 billion. This is about 10% of the size of the conventional agrochemicals market, but it has been enjoying far stronger growth.

CABB to invest at Finnish agro site

The CABB Group has said that it will invest over €50 million by 2025 to expand facilities at its agrochemical manufacturing site in Kokkola, Finland. Eight new chemical reactors and a new packaging plant were commissioned in September, largely as a result of a long-term supply contract with a new customer from the crop protection industry. Further ‘double-digit millions’ investments are currently being made or in the pipeline.

Indian owner for Briar Chemicals

New Delhi-based Safex Chemicals has acquired UK-based agrochemical CDMO Briar Chemicals from pan-European alternative investment firm Aurelius in a £73 million deal. Safex is itself backed by a private equity firm, ChrysCapital, and supplies crop protection chemicals. This is its first overseas acquisition.

Feature article: Trends in agricultural adjuvants

Swamini Kulkarni of Allied Market Research looks at the different types of agricultural adjuvants available and the increased popularity of silicones

Over the years, the agricultural sector has witnessed numerous technological innovations to improve the overall performance of agrochemicals and increase agricultural yield. The major contributor to this is agricultural adjuvants, a type of additive that is added to agrochemicals or other crop production products to improve their performance.

SK Capital invests into VanDeMark

SK Capital Partners have made an investment in VanDeMark Chemical in partnership with Comvest Partners, which has been a co-owner since 2019. The amount involved was not disclosed but VanDeMark said that this would “serve as a catalyst for a new strategic direction as the company seeks to deepen and expand its presence in fine chemistries for the global life science market”.

Feature article - The agchem CDMO opportunity: Maximising India’s share

Amit Gandhi and Amita Parekh, managing directors and partners at BCG, look at the opportunities for Indian CDMOS in the global agrochemical industry

If one were to imagine the ‘ideal’ industry for India’s chemical exports, it would most likely be globally relevant, with customers who outsource a significant percentage of the critical synthesis steps, and have a strong need for innovation and IP protection. agrochemical CDMO  industry ticks all these boxes.

EC proposes 50% cut in chemical pesticides

The European Commission (EC) is proposing a Regulation that will impose legally binding targets to reduce the use of chemical pesticides by 50% from the average level consumed in 2015-17 by 2030. This is part of the Farm to Fork Strategy objective of delivering “a fair, healthy and environmentally respectful food system”.

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