Speciality Chemicals Magazine MAR / APR 2023 | Page 13

Sumitomo to buy biostimulant firm
NEWS

Perstorp adds water and waste targets

Swedish chemical company Perstorp has added new corporate targets for water and waste to its sustainability strategy . These comprise 30 % absolute reductions of freshwater consumption and of both hazardous waste and non-hazardous waste directed to disposal by 2030 from a 2019 baseline .
Several large projects are planned that “ will contribute significantly ”, the firm said . These include purifying and recycling wastewater , and Project Air , in which captured CO 2 and residue streams from the Stenungsund site ( pictured ) are used as raw material for the production of sustainable methanol , replacing all use of fossil fuels for methanol production in Europe .
The new targets form part of a long-term sustainability ambition of becoming ‘ finite material neutral , which also involves raw materials , energy and catalysts . Perstorp had set its first 2030 targets , for greenhouse gas emissions and ( eco ) toxic impact , in 2021 .

Sumitomo to buy biostimulant firm

Via its Valent Biosciences subsidiary , Japan ’ s Sumitomo Chemical is to acquire FBSciences , a US-based firm which makes naturally-derived biostimulants and biopesticides via proprietary methods . No financial terms or timelines have been disclosed .
Sumitomo Chemical values the biorationals market , the class of products in which biostimulants form the largest part at about $ 10 billion . This is about 10 % of the growth rate for conventional agrochemicals but it has been enjoying far stronger growth .
The company has been active in biorationals for over 20 years . Since 2014 , it has built a US plant for microbial crop protection products actives , acquired a rhizosphere microbials business , opened a biorationals research centre and started dedicated sales organisations in multiple markets .
FSB currently has products and technologies applicable to over 50 different crops . Sumitomo said that it “ will strive to further expand its biorational business by combining its global footprint and resources with FBS ’ s product portfolio and technological know-how ”, while also seeking synergies with conventional crop protection products . to revise nine key policies , which , it says , are “ weakening US chemicals management and the solutions to correct these problems ”. They include :
• Fulfilling TSCA ’ s statutory obligations and meeting programme deadlines .
• Demonstrating responsible fiscal management and substantiating TSCA fee increases
• Requiring real-world data in risk evaluations
• Making chemical safety determinations for each condition of use
• Incorporating existing workplace safety guidelines in occupational risk determinations .
• Accelerating the pace and timeliness of New Chemical reviews
• Improving transparency and objectivity in peer review
According to ACC , obstacles are still preventing the EPA fully implementing the amendments laid down then . It also called on Congress to “ exercise its oversight authority and demand EPA to explain to lawmakers why the TSCA programme continues to fail at achieving its statutory objectives and deadlines ”.
“ Over the last two years , the TSCA programme has been plagued by constant delays and a lack of transparency in how resources are being deployed ,” said Dr Kimberly Wise White , the ACC ’ s VP of regulatory and scientific affairs . “ Six years since the bipartisan Lautenberg Amendments became law , the TSCA programme remains in need of repair .”
This follows on from the release of the ACC ’ s first ‘ State of TSCA Report ’ in May 2022 , identifying six key challenges and offering solutions . In October , it followed up with a ‘ State of TSCA Progress Report ’, grading the EPA on its progress in correcting these issues .
MAR / APR 2023 SPECCHEMONLINE . COM
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