Company initiatives
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Evonik invests in Biosynthetic Technologies
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German specialty chemical company, Evonik, has closed on an equity investment in Biosynthetic Technologies, LLC (BT), a specialist in biobased lubricants headquartered in Irvine, California. BT has developed and manufactures a new class of bio-based synthetic oils called estolides that are…
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Maverick Synfuels, Petrostar in GTL JV
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There has been a significant increase in companies looking to convert methane-rich feedstock especially coming from natural gas, flare gas or even biogas (although this one is particularly expensive to do) into biofuels and chemicals. Some uses synthetic biology and…
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BioAmber expands Vinmar contract, expects to raise $33.6m in stock offering
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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…
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Elevance, Genting in Malaysia biorefinery venture
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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…
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METEX licenses bio-PDO tech to SK Chemicals
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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…
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Neste Oil partners with RAE for algae oil
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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…
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P2 Science partners with Symrise
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P2 Science Inc., a renewable chemical company, has partnered with flavors and fragrance (F&F) firm Symrise AG to joint develop and commercialize renewable F&F cosmetics ingredients. The F&F industry is reportedly increasingly looking to renewable ingredients as a key platform for growth. Products…