Company initiatives
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DEINOVE optimizes Deinococcus strains
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DEINOVE, a France-based cleantech company that designs and develops a new generation of industrial processes based on Deinococcus bacteria, has developed strains with especially high performance cellulolytic properties. DEINOVE has been able to demonstrate that their engineered Deinococcus has the ability to hydrolyze crystalline cellulose paper in approximately 7 days, similar to Trichoderma reesei, a…
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Stora Enso acquires cellulosic sugar developer Virdia
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I know this is a late news but still worthwhile reporting. Stora Enso, a Finnish pulp, paper and packaging company, has acquired 100% of the shares of the US-based cellulosic sugar developer, Virdia, for $33 million (EUR 24 million) with additional potential payouts totaling approximately $29 million following completion of specific technical and commercial milestones…
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Why Tetra Pak chooses renewables?
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Tetra Pak is making a case on why the company is now using renewable-based materials in some of its packaging and has recently released a new white paper examining the use of materials in packaging that can be regrown or replenished naturally as a solution to the planet’s growing resource scarcity and to sustain the future…
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Danish biorefinery receives EU funding
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The EU Commission has awarded €39 million in funding from the NER300 program to Maabjerg Energy Concept, a consortium of companies that include DONG Energy, Novozymes, and local utilities, Vestforsyning, Struer Forsyning and waste management company Nomi, towards the construction of a 80m liters/year cellulosic biorefinery in western Denmark. Today, most of the 1st generation bioethanol…
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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 used primarily in the passenger car motor oil and industrial lubricant sectors. Field trials have…
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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 others use thermochemical conversion such as gasification. Examples include Calysta Energy, Intrexon, Enerkem, Siluria, Maverick…
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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 bio-succinic acid from BioAmber Sarnia, a joint venture with Mitsui & Co. The succinic acid…