Partnership
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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…
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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 as it announced today its new 25:75 biorefinery collaboration with Genting Plantations Berhad through Genting…
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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 to instead exclusively license its technology to SK Chemicals, and therefore the company has terminated…
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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 NEXBTL renewable diesel in the future. Cooperation with RAE is intended to secure Neste Oil’s…
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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 of immediate commercial interest to both companies are expected to be scaled up to production…