Page 166 - CW E-Magazine (12-11-2024)

News from Abroad

PARTNERSHIP
Evonik and Kolmar Korea’s Chinese partner to drive

raw material innovation

Germany’s Evonik and Kolmar
Cosmetics (Wuxi), a subsidiary of
Kolmar Korea, one of Korea’s largest
cosmetics manufacturers, have entered
into a partnership agreement in Wuxi,
China to drive innovation in raw mate-
rials, including sustainable ingredients,
sun care, colour cosmetics solutions,
and efficient active ingredients, along-
side novel formulation research and collaboration with Kolmar, which not
regular market information exchange. only strengthens our business but also
underscores our commitment to cus-
In the backdrop of consumers in- tomer-centric innovation,” added
creasingly seeking personalised, effec- Ms. Alix Chen, general manager of
tive products with strong sustainability Evonik’s Care Solutions business line
credentials, the two companies plan to in the Greater China region.
leverage each other’s global and local
expertise in speciality chemicals, as Kolmar Wuxi is actively expanding
well as in cosmetic R&D and produc- in the Chinese cosmetics market and
tion, “to jointly inspire and support the has supported the growth and develop-
upgrade of China’s beauty industry”. the value chain, create new opportuni- ment of numerous local beauty brands.
ties, and inspire the development and
Mr. Kim Jungho, President of Kol- application of sustainable ingredients. Evonik’s Care Solutions business
mar Wuxi, said, “High-quality ingre- Together, we aim to drive the industry’s line offers a portfolio that empowers
dients are essential for growth in the transformation and advancement.” customers to meet the demands for
highly competitive cosmetics market. sustainable, scientifically substantiated
This partnership is poised to improve “We are excited about this deeper beauty and personal care products.

PLATFORM CHEMICAL
Avantium opens FDCA plant in the Netherlands

Renewable chemicals firm, Avantium, petroleum-based plastics. This plant is
recently celebrated the official not just a testament to our technologi
opening ceremony of its FDCA cal advancements but also to our dedi-
(2,5-Furandicarboxylic acid) flagship cation to creating long-term, sustain-
plant in Delfzijl, the Netherlands. The able value for all our stakeholders. We
plant opening was officiated by Queen will now commence the start-up of the
Máxima of the Netherlands. The com- FDCA flagship plant, introduce Releaf
pany said the “the world’s first com- products to the market, and expedite
mercial plant” for FDCA will produce the rollout of our FDCA/PEF licensing
5-ktpa of the chemical, which will strategy.” Avantium’s YXY technology,
serve as the essential building block for Avantium’s CEO Mr. Tom van Aken that catalytically converts plant-based
100% plant-based and circular plastic said, “We are excited to lead the way sugars into FDCA, was successfully
PEF (polyethylene furanoate), known in producing Releaf, a material that demonstrated at its pilot plant in
under the brand name Releaf. offers a viable alternative to traditional Geleen, the Netherlands.

166 Chemical Weekly November 5, 2024

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