As the domestic sugar market shrinks, industry restructuring has begun again. The sugar refiners Nissin Sugar and Itochu Sugar, a subsidiary of Itochu Corporation, announced on September 29th that they had reached a final agreement to merge their businesses in January 2023. Nissin Sugar will be the parent company, and Itochu Sugar will be the subsidiary.
Japan invests in the production of sustainable aviation fuel [Full subscriber]
Japan is focusing on commercialising domestically produced sustainable aviation fuel (SAF) as its primary transport biofuels strategy to reduce greenhouse gas emissions by 2030, according to a recent report by the US Department of Agriculture (USDA).
Spiber raises US$312 million to produce silk via fermentation platform [Full subscriber]
The Japanese biofabrication startup Spiber has raised JPY 34.4 billion (US$312 million) in a funding round led by local public-private fund Cool Japan Fund and. private equity firm Carlyle. Fund managers Fidelity and Baillie Gifford also contributed to the round.
Japan – Daito Sugar launches the first vegan-certified sugar [Full subscriber]
Daito Sugar commenced selling the first vegan-certified sugar in Japan on 1st September according to the company’s press release.
Japan – Mitsui Sugar to merge with Dainippon Meiji Sugar and Nippon Sugar [Full subscriber]
Driven by declining consumption in the country, the top sugar company Mitsui Sugar and Dainippon Meiji Sugar announced on 25th March they will be merging. Once the merger is completed by April 2021, the new company will merge with Nippon Sugar, according to local press reports.
Japanese consortium commences building demonstration cellulosic jet-fuel plant [Registered]
Last December, construction began on a demonstration plant producing jet fuel from wood biomass. This was supported by a Japanese consortium, led by Mitsubishi Hitachi Power Systems, Ltd., with partners Chubu Electric Power Co (CEPCO), Toyo Engineering Corp. and the Japan Aerospace Exploration Agency (JAXA), and support from the New Energy and Industrial Technology Development Organization (NEDO).
Japan – Mitsui Sugar invests US$7.49 million to produce halal-compliant sugar [Registered]
Japan’s largest sugar processor Mitsui Sugar will soon start refining sugar that complies with Islamic dietary law, according to the Nikkei Asian Review.
Japan to import 600-700 tons of stevia from Paraguay [Registered]
With sweetener power of stevia being 150 greater than sugar, in equivalent terms, imports of 600 tons stevia replaces 90,000 tons of sugar. According to FO Licht data, sugar production, consumption and imports in Japan in 2014/15 were 715,000, 2,100,000 and 1,400,000 tonnes, respectively.
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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