Investments
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Verdezyne partners for European bio-DDDA sales
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Off-take supply agreements seem to be the trend these days in the renewable chemical markets, first with BioAmber and Vinmar, and now with this recent news from industrial biotech company, Verdezyne. Verdezyne announced that it has signed an agreement with Will & Co, a sales and marketing firm for raw materials, semi-finished products, additives, and…
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Report: The business of safer chemistry sees upward growth
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Here is an interesting recent report from the American Sustainable Business Council (ASBC) and the Green Chemistry and Commerce Council (GC3) about “Making the Business & Economic Case for Safer Chemistry.” The report evaluates the potential business and economic value of “safer chemistry” – which can include reducing the use and generation of hazardous substances,…
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Global Bioenergies, Cristal Union in bio-isobutene JV
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France-based Global Bioenergies is on a speedy roll when it comes to commercializing its bio-isobutene product. The company announced today that it has formed IBN-One, a joint venture with major European agro-industrial company, Cristal Union, to build and operate the first plant in France, with a capacity of 50 ktpa, that will convert sugar to…
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Corbion signals green for PLA project
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After its announcement late last year of a plan to build a 75 ktpa PLA polymerization plant in Thailand, Corbion recently stated that it has now signed letters of intent for one-third of the volume of planned facility, which is the green signal for the company to go ahead with its plan. Corbion previously noted…
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Recent biorefinery deals
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Abengoa has been selected by Fulcrum BioEnergy to build its first biorefinery, worth $200m, to be located in the Tahoe-Reno Industrial Center, Nevada (USA). The facility will use gasification technology to convert municipal solid waste (MSW) into syncrude that will be upgraded into jet fuel. Abengoa will be responsible for the turnkey execution of the…
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Joule bags $40m for CO2-to-ethanol project
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Joule has closed a $40 million in private equity and venture debt financing led by existing investors, including Flagship Ventures, and brings the company’s total to $200 million raised to date.The proceeds will be applied towards a staged industrialization of its patented, reverse-combustion process, including the near-term expansion of Joule’s production field in Hobbs, New Mexico.…
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Evonik offers sophorolipid biosurfactants
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It has come to my attention that I’ve been remiss of not mentioning Evonik’s announcement early this year on the commercialization of its sophorolipids surfactants as part of my Bio-based surfactants roundup post yesterday. Unlike rhamnolipids, sophorolipid surfactants have already been commercialized and are being used by companies such as Ecover and Henkel in limited cleaning products.…