Company initiatives
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Brazilian Industrial Biotech Association (ABBI) launched
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Companies that include Amyris, BASF, BioChemtex, BP, Centro de Tecnologia Canavieira, Dow Chemical, DSM, DuPont, GranBio, Novozymes, Raizen and Rhodia have joined forces to form the Brazilian Industrial Biotechnology Association (Associação Brasileira de Biotecnologia Industrial or ABBI) with a primary objective of fostering a dialogue within Brazilian society about the advancements of industrial biotechnology in…
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Sime Darby invests in Verdezyne
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During President Obama’s trip to Malaysia this weekend, the country’s conglomerate giant, Sime Darby Berhad, announced that it will take a 30% stake, valued at $30 million, in San Diego-based renewable chemical company, Verdezyne. Sime Darby Renewables, a new unit under Sime Darby Plantation, will spearhead this initiative essentially focusing on converting traditional and…
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Verdezyne Reaches Key Production Milestone
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Verdezyne, Inc., a privately-held industrial biotechnology company focused on producing renewable chemicals, announced that it has produced more than one metric ton of bio-based dodecanedioic acid (DDDA) using its proprietary yeast platform and downstream process. The Michigan Biotechnology Institute (MBI) and the Michigan State University (MSU) Bioeconomy Institute (BEI) worked with Verdezyne to run the…
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Gevo reports cash concern in 10-K
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As the blog reported before, 2014 seems to be the year for industry restructuring with LS9 being acquired by Renewable Energy Group; Cereplast filing for bankruptcy and Codexis changing its business strategy and focus. Bio-isobutanol producer, Gevo, is currently in the cross-hair unless the company comes up with more cash this year. Gevo recently warned on…
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British Airways commits to 50 ktpa biomass-based jet fuel supply
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The blog does not usually post much about biofuels but the technology involved in this project announcement is also associated with the developments of waste syngas-based chemicals. Yesterday, advanced biofuels technology developer, Solena Fuels, announced that it will build the world’s first facility, dubbed “GreenSky”, that will convert landfill waste into jet fuel, which will be located in…
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P2 Science bags $500,000 funding
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Connecticut Innovations (CI), an organization that helps Connecticut businesses grow through creative financing and strategic assistance, has made a $500,000 investment in P2 Science Inc. of New Haven, Conn., through its Eli Whitney Equity Fund. This investment was part of a $1 million Series A funding round also involving Elm Street Ventures. In 2013, CI…
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Location, location, location
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Here are recent announcements on new headquarters and new R&D sites. LanzaTech, for one, has finally decided to move its global headquarters from New Zealand, where the company was founded, to Skokie, Illinois. The move will generate 30 new Illinois jobs with employees transferred from New Zealand, and 35 additional employees will move from Roselle,…