(AOF) – METabolic EXplorer (Metex) announces that the deadline for submitting offers for its operational subsidiary Metex Noovistago has been extended from May 6 to 27, 2024 in order to allow potential buyers to position themselves. The specialist in industrial fermentation allowing the manufacture of ingredients of natural origin intended for the animal nutrition, cosmetics and biopolymer markets, recalls that the Paris Commercial Court, on March 20, 2024, upheld its request to open a judicial recovery procedure for the benefit of this subsidiary.
As of May 6, 2024 at 12 p.m.; the judicial administrators did not receive an offer.
This deadline will notably allow the Avril group, specialist in vegetable oils and proteins, to continue, as requested, the study of a project to take over the activities of Metex Noovistago and part of the activity of Metabolic Explorer R&D. The Avril group indicates in a letter addressed to the judicial administrators that its project is notably conditional on “the intervention alongside it of one or more public partners”.
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German chemicals, very dependent on Russian gas, are in difficulty. Following sluggish sales in the automotive sector and falling demand in construction, production is down 8.5% in 2022, with overall turnover down 1.6% to 63.1 Billions of Euro’s. Specialty chemistry is doing better. On the other hand, the rate of utilization of production capacities in basic chemicals has slowed significantly to reach less than 80%. The third German industrial sector is tempted by relocation to the United States, where energy costs are much lower. With the Inflation Reduction Act, the United States has established an environment appropriate to current challenges.