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BioAmber expands Vinmar contract, expects to raise $33.6m in stock offering
Further catching up to news from last week, BioAmber announced that it has expanded its take-or-pay contract with Vinmar International with a total 210 ktpa bio-succinic acid/bio-BDO supply for 15 years. Under the new contract, Vinmar has committed to purchase 10 ktpa of bio-succinic acid from BioAmber Sarnia, a joint venture with Mitsui & Co. The succinic acid … Continue reading
FOLLOW ME ON THESE SPACEIntrexon produces lab-scale farnesene from methane
Synthetic biology company, Intrexon Corporation, says its Industrial Products Division has achieved the bioconversion of methane to farnesene in the lab. Farnesene is a key building block chemical for diesel fuel, and also for other lubricants and specialty products, including cosmetics, rubber, and plastics. This is the second product, following isobutanol, which Intrexon has upgraded … Continue reading
FOLLOW ME ON THESE SPACEElevance, Genting in Malaysia biorefinery venture
Hello readers of the blog. I am back from vacation but I think I need another one as I go through my emails today. That being said, this email from Elevance Renewable Sciences is another good news from the company as it announced today its new 25:75 biorefinery collaboration with Genting Plantations Berhad through Genting … Continue reading
FOLLOW ME ON THESE SPACEMETEX licenses bio-PDO tech to SK Chemicals
Before I leave for my vacation, let me post this interesting news about METabolic EXplorer’s (METEX) recent announcement about its partnership with South Korea-based SK Chemicals Co. Ltd. Instead of producing its own glycerine-based PDO (1,3 propanediol), France-based METEX decided to instead exclusively license its technology to SK Chemicals, and therefore the company has terminated … Continue reading
FOLLOW ME ON THESE SPACENeste Oil partners with RAE for algae oil
Neste Oil and Renewable Algal Energy (RAE), a US-based algae biomass producer, have signed a contingent commercial algae oil off-take agreement. Algae oil is one of the alternatives being researched by Neste Oil for use as a feedstock for producing NEXBTL renewable diesel in the future. Cooperation with RAE is intended to secure Neste Oil’s … Continue reading
FOLLOW ME ON THESE SPACEPOIC biomass project launched in Malaysia
I had the pleasure of moderating a session featuring several presentations from some Malaysian agencies and companies at the BIO World Congress last May, and I learned about their plans on how to deal with their palm biomass through POIC (Palm Oil Industrial Cluster) Sabah Sdn Bhd, a company owned by the state government of … Continue reading
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