Page 160 - CW E-Magazine (4-6-2024)

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REORGANISATION EVENT HIGHLIGHTS
Evonik boosts biosolutions offering with new In-cosmetics Korea 2024 to feature a number of

Botanicals & Natural Actives business segment new exhibitors

German speciality chemicals fi rm, The personal care ingredients exhi-
Evonik, is bringing its expertise in bition, In-cosmetics Korea, scheduled
botanical extracts and natural actives to be held in Seoul, South Korea, from
under a newly established business 24-26 July, is set to showcase the latest
segment. The ‘Botanicals & Natural trends shaping the beauty and cosme-
Actives’ segment draws on expertise tics market -right from the rise of clean
built up through legacy products together beauty and customisation to the evolution
with a series of recent acquisitions. of K-Beauty across the global market and
With this move, the company hopes to sustainability.
better meet the growing demand for bo-
tanical extracts and claim-substantiated The organisers of the event, RX
natural actives, which are supported by (RELX’s exhibitions business), re-
its recently established Skin Institute. cept that preserves natural resources the new segment includes the portfolio vealed that a quarter (25%) of the con-
while promoting beauty and wellbeing. of Alkion Biopharma (acquired 2016), fi rmed nearly 300 exhibitors will join
As part of Evonik’s life sciences The Swiss sustainable botanicals pio- which specialises in biotechnologically the event for the fi rst time this year.
division, Nutrition & Care, the new neer Botanica was acquired by Evonik developed cosmetic active ingredients, Some of the debutants include BoreA
Botanicals & Natural Actives segment in 2021 and has long-term global part- and Wilshire (acquired 2021), a supplier Canada, Cidols Korea, Jover Scien-
will play an important role in expand- nerships with suppliers to provide local, of phytochemicals to the cosmetics tech, UAT, Shaanxi Yuantai Biological and anti-acnes to the show. JForCell exosome-based product derived from
ing the company’s portfolio of biosolu- organic and fairtrade plants, as well as industry. Evonik’s legacy business Technology, Lonhwa Effect Pigments, is aiming to develop newly designed centella asiatica and renowned for its
tions through strategic partnerships and raw materials from secondary products. including Tego Turmerone natural plant Disheng Technology, among others. anti-aging, anti-microbial peptides to anti-infl ammatory properties. Dan-
acquisitions. By adopting a B4B (busi- extract, Tego enlight natural brighte- satisfy formulators and developers, joungbio will demonstrate the benefi ts
ness-for-business) approach, Evonik “Nature is an infi nite source of ning blend and Tego Natural Betaine The Korean cosmetics market is while Nouryon’s personal care techno- of Antoxyl Artemisia – a potent mug-
can offer customers highly differenti- inspiration for genuine beauty and natural amino acid derivative for skin is currently witnessing signifi cant trends logies comprise biopolymers, moisturi- wort extract for vibrant skin health.
ated biotech natural actives as standard well-being. We see great market op- also core to the new segment. in both anti-ageing and anti-cellulite sing agents, anionic surfactants, cellu-
products and tailor-made plant-inspired portunities waiting to be tapped. I look products, driven by consumer demand lose gums, and more. Meanwhile, Korean encapsulation
solutions for their beauty and personal forward to even more collaboration and Evonik said the formation of the for innovative and effective skin- technology exhibitor, Biogenics, will
care portfolios. exchange of ideas with our customers,” Botanicals & Natural Actives business care solutions. In line with this trend, In line with the growing industry showcase the versatile benefi ts of Yuja
said Kai-Steffen Krannig, head of the segment is “the next logical step” for active supplier, Ewoo Bio, will bring its focus on ingredients like exosomes, mug- essential oils in promoting nervous stabi-
“By bringing together sustainable Botanical & Natural Actives segment its Care Solutions business line as it active ingredients with properties that wort, and yuja, biotechnology company lity, improving blood circulation, reducing
sourcing, strong biotech processes and at Evonik. transforms into the preferred sustaina- target skin lighteners, anti-wrinkles GFC Life Science will highlight its infl ammation and aiding in skincare.
scientifi c claim substantiation with our ble specialties partner for the personal
recently established Skin Institute, our Alongside Novachem and Botanica, care industry.
customers benefi t from high perfor-
mance, sustainable speciality botanical AkzoNobel to close three manufac-
ingredients that allow them to diffe-
rentiate in the market,” said Mr. Yann turing sites
d’Herve, head of the Care Solutions
business line. Dutch paints & coatings major, plan to be fully fi nalised by the end
AkzoNobel, has announced plans of 2026,” the company informed.
The acquisition of the Argentinian to close the manufacturing sites of AkzoNobel said by focusing on units
biotechnology company Novachem in Groot-Ammers (The Netherlands), with scale and higher cost effi ciencies,
2023, has added natural and sustainable Cork (Ireland) and Lusaka (Zambia) it aims to rationalise, upgrade and
active ingredients for skin and hair care and transfer the production to other optimise its industrial network to
applications to the Evonik portfolio. locations in the region. This is the “fi rst improve competitiveness and drive
These support circular beauty – a con- part of a multi-year industrial effi ciency sustainable growth.

160 Chemical Weekly June 4, 2024 Chemical Weekly June 4, 2024 161

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