The sugar refiner Sucro Can Sourcing LLC is planning to build Canada’s largest sugar refinery in southern Ontario, with an expected annual refining capacity of 1 million tonnes, for an estimated cost of CA$100 million (US$74 million), according to the company’s press release.
Hexagon Bio raises US$77.3 million to advance discovery of medicinal molecules via microbial genomes [Full subscriber]
Hexagon Bio, a biopharmaceutical company pioneering the discovery of medicines encoded in the global metagenome, announced on February 13 that it had raised US$77.3 million in Series B financing from venture investment.
thyssenkrupp Industries India – spreading sweetness across the world since 1947
In advance of the 31 ISSCT congress, Vivek Bhatia is the MD and CEO of thyssenkrupp Industries India, reflects on the company’s history in India, its presence in the global sugar industry and participation at the 31st ISSCT congress in Hyderabad, India.
Fiji – India to assist the sugar sector [Full subscriber]
Fiji’s sugar industry will be receiving assistance from India to develop its sugar sector, according to the Minister for Sugar Jeanth Singh.
AMSilk and BRAIN Biotech to biofabricate high performance of silk-like fibres [Registered]
The biotech start-up AMSilk which bio fabricates silk, is partnering with BRAIN Biotech, a leader in developing and manufacturing biobased solutions and products for the apparel industry to optimise the production of various high-performance-oriented fields of application in the textile sector.
Philippines – SRA approves imports of 440,000 tonnes sugar in 2023 [Registered]
The Sugar Regulatory Board (SRA) has greenlighted the importation of 440,000 tonnes of sugar for 2023, according to local press reports.
Thailand – Sugar exports up 17% to 9 million tonnes in 2022/23 [Full subscriber]
Sugar exports in 2022/23 are forecast to increase by 17% to 9 million tonnes, according to the Office of the Cane and Sugar Board, reported Reuters.
Croda to acquire the maker of biobased ceramides Solus Biotech for US$275 million [Registered]
The speciality chemical firm Croda International has agreed to acquire Solus Biotech, a global leader in premium, biotechnology-derived beauty actives, from Solus Advanced Materials for a total consideration of KRW350 billion (US$275 million) on a debt-free, cash-free basis.
An effective new catalyst to produce acrylates from biobased lactic acid-based chemicals [Full subscriber]
Researchers at the University of Minnesota claimed to have invented a groundbreaking new catalyst technology that converts biomass feedstocks to acrylic acid and acrylates used in paints, coatings and superabsorbent polymers. The new catalyst technology is also highly efficient, which means lower costs for manufacturing renewable chemicals.
South Africa – Cane acreage likely to decrease by 16% from further sugar tax increase [Full subscriber]
South Africa’s sugar industry risks losing 16% of its cane-growing area and more than a tenth of farm-level jobs if the government raises a levy on sugar-sweetened drinks and expands the tax to other products, according to a paper by the Bureau for Food and Agricultural Policy (BFAP) published on February 13th.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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