Investments
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Bioplastic, Clean technology, Company initiatives, Environment, Investments, Press Release, R&D, VideoCompanies commit $1bn to new global alliance to end plastic waste
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Several top chemical and petrochemical companies, as well as consumer products companies, have formed a new organization to provide solutions to eliminate plastic waste in the environment especially in the ocean. The founding members of the organization called Alliance to End Plastic Waste (AEPW) include BASF, Berry Global, Braskem, Chevron Phillips Chemical Company LLC, Clariant, Covestro, Dow, DSM,…
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BASF pursues ambitious carbon management program
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BASF said it is bundling its carbon management programs to continue its CO2-neutral growth strategy until 2030. To accomplish this, BASF announced continued optimization of its existing processes, gradually replacing fossil fuels with renewable energy sources and developing radically new low-emission production processes. The company recently presented as examples four projects under this program: BASF…
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State of the Renewable Chemicals Industry
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Happy New Year! Tecnon OrbiChem’s first Biomaterials issue for 2019 just came out today and my special report for this month focuses on last year’s industry restructuring and project investment overview. My key takeaway for 2018 is that the renewable chemicals industry definitely continues to struggle especially when it comes to financing the commercialization phase…
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BASF to exit from Synvina
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Bad news today as BASF notified Avantium of its exit from their Synvina joint venture effective 15 January 2019. Avantium said it continues to disagree with BASF’s interpretation of the joint venture agreement. I am not sure what exactly they are disagreeing about (technology? timing? IPs? financing?) but as one startup CEO told me, having…
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Neste expands renewables capacity in Singapore
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This news from Neste is well-timed as I just released my special report on global renewable diesel production (or what in the EU sometimes call hydrotreated vegetable oil or HVO production) in my December Biomaterials report published by Tecnon OrbiChem. Neste Corporation announced today its decision to invests around EUR 1.5 billion to expand Neste’s…
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Phillips 66, REG to build Renewable Diesel Plant
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Production of renewable diesel (processed via hydrocracking of fats and oils) continues to expand here in the USA as well as in Europe where large traditional oil and energy companies such as Neste, Valero, Total, Eni and now Phillips 66 are now becoming or have become major players. For those who are subscribers of Tecnon…
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VERBIO acquires DuPont’s cellulosic ethanol plant
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Good news for the cellulosic ethanol industry in the USA. VERBIO North America Corporation, based in Grand Rapids, Michigan, USA, a 51% subsidiary of VERBIO Vereinigte BioEnergie AG, has signed a contract yesterday with DuPont to purchase its cellulosic ethanol plant in Nevada, Iowa, USA. The purchase includes about 100,000 tons of baled corn stalks,…