Investments
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KiOR ran out of fuel
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Advanced biofuel company, KiOR, Inc. has finally waved the white flag and filed for Chapter 11 in the US Bankruptcy Court for the District of Delaware after several months of dire warnings during earnings calls that the company has been running out of funds and still has over two hundred million dollar debts to pay to…
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Corbion mulls 75 ktpa PLA project
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Corbion Purac continues to expand its reach in the bio-based chemicals sector and if anybody knows the situation on the PLA resin market, it is this company, which has been supplying lactides to PLA producers and co-developing PLA-based products with its customers. The problem with PLA is that there is only one big volume supplier…
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Biofuel, Biorefinery, Company initiatives, Energy, Feedstock, Government, Investments, News Roundup, PartnershipExpanding cellulosic ethanol production worldwide
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It felt like everybody was in a group hug when I attended a biofuel panel discussion at the recently-held World Bio Markets USA with POET-DSM, GranBio and Abengoa Bioenergy in attendance. Abengoa had its grand opening celebration last month with its new 25 mgpy cellulosic ethanol plant in Hugoton, Kansas. The facility is expected to…
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HSBC, Virgin Atlantic and LanzaTech in partnership
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The UK’s largest bank, HSBC, is joining the collaboration between LanzaTech, Virgin Atlantic, GE and Boeing to convert waste gases captured from industrial steel production to jet fuel via fermentation and chemical conversions. In addition, Virgin Atlantic announced that the team intends to do a demonstration flight within the next year. LanzaTech and Virgin Atlantic have been working…
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Collaboration news: MBI, Canada, Europe
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MBI (Michigan Biotechnology Institute) has partnered with Sarnia, Ont.-based Bioindustrial Innovation Canada for a collaboration-driven binational agreement designed to expedite development and commercialization of bio-based chemicals and materials. MBI, a wholly owned subsidiary of the Michigan State University (MSU) Foundation, focuses on the development and commercialization of bio-based technologies, many of which have been precipitated…
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Stora Enso to build cellulosic sugar demo plant
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Another late news but I was in China at the time that this came out and I was not able to access my google emails and reader… Stora Enso said it is investing EUR 32 million (USD 43 million) in a demonstration and market development plant to be built at Raceland, Louisiana, USA, following its…
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US agencies invest in biorefineries
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As part of a 2011 Presidential directive, the Departments of Navy, Energy, and Agriculture announced today that three companies have been awarded contracts to construct and commission biorefineries capable of producing “drop-in” biofuels to meet the transportation needs of the military and private sector. Made through the Department of Defense’s (DOD) Defense Protection Act (DPA)…