Page 17 - HPIC-Magazine (Feb-2021)

News from Abroad

PARTNERSHIP
Greentech and Phytograde to conduct joint

research to explore use of phytocannabinoids

in cosmetics

France-based plant biotech ex- potential interaction
pert, Greentech Group, is joining with the endocan-
hands with French distributor of raw nabinoid system
materials rich in cannabinoids, Phy- in skin, to promote
tograde, to tap opportunities in the skin homeostasis.
global cannabidiol (CBD) cosmetics
market. Recent scien-
tific evidences
A Market Reports World report seem to suggest
has forecast the global CBD cosme- that CBD could
tics market to grow at a compound protect the skin
annual growth rate of more than 30% through an activa-
from 2020 to 2024 to reach $3.1-bn. cules and to unlock their potential as tion of skin antioxidant defences, limit
Beyond CBD, there is a growing in- valuable biomimetic natural active skin ageing as well as balance oily
terest on phytocannabinoids. ingredients for cosmetic, dermocos- and acne-prone skin. Some studies
metic, pharmaceutical and nutraceu- have also shown potential for CBD’s
The companies’ research and tical applications. use as a soothing ingredient for sen-
development teams will pool their sitive and stressed skin, as well as
expertise to implement a research CBD is a biomimetic active in- a natural solution for dermo-cosmetic
programme on phytocannabinoids to gredient due to its similarity with applications such as psoriasis, atopic
increase knowledge about these mole- endogenous cannabinoids and its dermatitis and seborrheic dermatitis.

SPECIALITY CHEMICALS
Colonial Chemical setting up speciality surfactants

plant in Saudi Arabia

US-based Colonial Chemical has chemicals for oilfield, industrial equipment, toll blending and mixing
started construction of a new specia- lubricants, water treatment, paper, vessels, reaction vessels, and distil-
lity chemicals manufacturing plant paints, coatings, personal care, lation columns, according to a com-
in Dammam, Saudi Arabia. The new household, and industrial cleaning pany press release. The plant will
facility, named Colonial Chemical applications. It will also offer manu- also house packaging and labelling
M.E. Arabia, is a joint venture with facturing technology capabilities operations.
Sadeem Investments and Earth’s for a variety of chemicals as well as
Reservoir for Oil and Gas (EROG). toll blending capability for finished Manufacturing operations are ex-
Colonial Chemical is providing the tech- formulations and custom chemical pected to commence in Q4 2021. The
nology and operations knowledge for manufacture. company plans to source raw materi-
the plant while Sadeem Investments als locally for the production of amine
and EROG will be responsible for The new plant will cover around oxides, quaternary ammonium com-
local operational oversight and con- nine acres of land and include of- pounds, hydroxypropyl sultaines,
struction support. fice space for professionals in supply betaines, propionates, ether carboxy-
chain and customer service, labs for lates, imidazolines, phosphate es-
The plant will primarily provide R&D and formulations teams, ware- ters, EPI-sulfonates, and phospha-
speciality surfactants and other housing, a tank farm, pilot scale tes.
Home, Personal & Institutional Care India February 2021 17