Press Release
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Avantium IPO raises €103 M on Euronext
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Avantium has successfully raised €103 million from its initial public offering (IPO) on Euronext Amsterdam and Euronext Bruxelles, and was reportedly oversubscribed multiple times, according to European venture capital firm, Soffinova Capital IV, the main shareholder after the IPO. Avantium’s…
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DSM, Evonik form Veramaris algae-based omega-3 fatty acids JV
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Royal DSM has long been in the microalgae oil business after it acquired Martek Biosciences in 2010 for a whopping $1 billion (see my old article on this link). The company has been pretty quiet when it comes to announcements…
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Dell now uses ocean plastics in computer packaging
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Dell announced the first shipment of ocean plastics packaging for its Dell XPS 13 2-in-1 resulting from its commercial-scale pilot program where the company collected and recycles plastics from waterways and beaches for use in packaging tray. In 2017, the pilot program collected 16,000…
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BASF Invests in P2 Science
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BASF Venture Capital is participating with $2.5 million in a $9.55 million financing round in the U.S. renewable chemistry firm P2 Science. Headquartered in Woodbridge, Connecticut, P2 Science is a specialty chemicals company with a unique flow chemistry process that…
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PepsiCo, Danimer in PHA collaboration
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After a long media hiatus on biopolymer announcements, it seems PepsiCo is ready to come out and once again take the biopolymer challenge. The company generated a lot of good/bad/funny publicity in 2009 when its subsidiary, Frito Lay, launched its new…
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Helm signs off-take ethyl acetate supply with Greenyug
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Germany-based chemical distributor, Helm AG has signed an off-take agreement for the purchase and sale of bio-based ethyl acetate produced at Greenyug’s planned ethyl acetate facility in Columbus, Nebraska, which will be owned and operated by Greenyug’s subsidiary, Prairie Catalytic…
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ADM enters glucaric acid production
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Johnson Matthey and Rennovia announced today that they have signed a license agreement with Archer Daniels Midland Company (ADM) to provide catalyst and process technology for catalytic production of bio-based glucaric acid. The licensed process, jointly developed between Johnson Matthey and…