(AOF) – The PAT company announces the death of its vice-president of finance and administrator, Régis Brun, at the age of 78, on January 26. The company specializing in plant biomolecules for the cosmetics, pharmaceutical and fine chemicals industries specifies that it was as the first director of the Lorraine incubator that he supported the Plantes à Traire project in 2004, a technology resulting from the University of Lorraine which led to the creation of the company Plant Advanced Technologies (PAT) in 2005.
After leaving the Lorrain Incubator, Régis Brun joined the company in 2008 as partner and vice-president of finance. He organized the first contacts with investors, which led to a first fundraising via Arkéon Finance and the IPO on the Euronext Paris Free Market in 2009.
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Nothing is going well for German chemistry
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.