Investments
-
Video: BASF, Avantium discuss the potential of FDCA
.
Avantium’s Tom van Aken and Stefan Blank, President of BASF’s Intermediates Division, discuss their cooperation regarding the production of a new and bio based raw material using furandicarboxylic acid (FDCA). Their Synvina joint venture aims to start construction of an FDCA reference plant by the end of 2018, with sales of FDCA and PEF (polyethylene furanoate) expected…
-
Farnesene ingredients to be produced in China
.
I really commend Amyris’s impressive PR machine as I keep getting constant updates from the company every month. This one is interesting as the company announced today an agreement with Phyto Tech Corp (doing business as Blue California) where its affiliates will provide access to its fermentation manufacturing in China and provide the necessary capital…
-
Butamax prepares for bio-isobutanol commercialization
.
I have often heard the market potential for bio-isobutanol but the problem is, it’s expensive and Gevo seems to be the only producer in town. Maybe this will change as Butamax Advanced Biofuels LLC, a 50/50 joint venture between BP and DuPont, recently announced plans to finally produce bio-isobutanol with its acquisition of Nesika Energy, LLC and…
-
Avantium IPO raises €103 M on Euronext
.
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…
-
BASF Invests in P2 Science
.
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…
-
New rhamnolipid producer in town
.
Dear blog readers, Unfortunately, I am still having several blog-IT issues and it might take a while to fix it (being a non-tech that I am). An “alternative fact” is that the Trump Administration is now shutting down environment-related blogging sites based in the US. 🙂 In the meantime, I hope you were able to get…
-
LEAF opens new yeast facility and launches new product
.
Leaf – Lesaffre Advanced Fermentations has inaugurated its the new Lesaffre Yeast Corporation drying facility in Headland, Alabama, last week, which is reportedly the company’s first yeast drying facility in the United States. The drying facility is located in Headland, Alabama where Lesaffre and Red Star Yeast operate a cream yeast facility since the 1990’s.…