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Ginkgo on a buying spree, acquires Zymergen
Synthetic biology company Ginkgo Bioworks announced today that it plans to acquire Zymergen in an all-stock transaction valued at $300 million in market capitalisation. Zymergen stockholders will receive a fixed exchange ratio of 0.9179 Ginkgo shares for each Zymergen share, representing 5.25% pro forma ownership of Ginkgo following the transaction. The agreement represents Ginkgo’s largest … Continue reading
FOLLOW ME ON THESE SPACELouis Vuitton launches renewable sneakers
I saw this post from Biofuel Digest about Louis Vuitton’s new limited edition Charlie sneakers for men ($2324 available starting 19th July). According to the article, most of the shoe’s outsole is made from recycled polyurethane, while corn-based bioplastic is incorporated into the upper. Shoelaces are made from waste plastic, and packaging is paper-based with … Continue reading
FOLLOW ME ON THESE SPACENewlight to build its AirCarbon facility in Ohio
Newlight Technologies has entered into various agreements with Long Ridge Energy Terminal, which is jointly owned by a subsidiary of Fortress Transportation and Infrastructure (FTAI) Investors LLC and an affiliate managed by GCM Grovesnor, to build and operate a new facility in Hannibal, Ohio, to produce the company’s Aircarbon® biomaterial made from PHB (poly-3-hydroxybutyrate). This … Continue reading
FOLLOW ME ON THESE SPACEUSDA’s bioproduct pilot program
Advanced Happy 4th of July to our US readers! Before I become embroiled in analyzing how the latest Supreme Court ruling (in favour of West Virginia) limiting the EPA’s ability to regulate carbon emissions will affect future policies for developing lower-carbon emitting solutions in the chemical industry, let me post this good news from the … Continue reading
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