Press Release
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IEA finds CO2 emissions flat for third straight year
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I’m copying IEA’s press release word for word as I believe this is an interesting article to read. Global energy-related carbon dioxide emissions were flat for a third straight year in 2016 even as the global economy grew, according to the International Energy Agency, signaling a continuing decoupling of emissions and economic activity. This was…
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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 market capitalization has now reached €277 million. The funds raised will be used to further…
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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 within this business but I guess this is about to change (watch out Terravia!). DSM…
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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 pounds of plastic from entering the ocean. (Wouldn’t it also be wonderful if these plastics…
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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 converts renewable feedstocks to high-value products and intermediates. The investment is co-led by Xeraya Capital…
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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 Sun Chips compostable packaged bag, which turned out to cause louder noise than the original…
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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 LLC. The production facility is going to be located next to Archer Daniels Midland’s (ADM)…