restructuring
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Europe’s Chemical Reset: Can Biomanufacturing Fill the Gap?
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Europe’s chemical industry is facing an industrial reckoning. High energy costs, global overcapacity, weakening competitiveness and growing import competition have accelerated the closure of chemical production assets across the region. According to the European Chemical Industry Council (Cefic), cumulative announced chemical plant closures reached 37 million tons of annual capacity between 2022 and early 2026,…
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Segetis out?
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So has Segetis officially folded? I heard from a very good “DSM Source” that Italian levulinic acid producer, GFBiochemicals, has acquired Segetis’ IP and assets. By the way, DSM is one of Segetis’ investors, and double by the way, GFBiochemicals executives are mostly ex-DSM. It is expected that GFBiochemicals will officially release a statement tomorrow.…