Investments
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Siluria bags $30m funding from Saudi Aramco
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Siluria Technologies closed a $30 million Series D financing round led by Saudi Aramco Energy Ventures (SAEV), the venture investment subsidiary of Saudi Aramco. With this initial Series D financing, Siluria has raised just under $100 million since its inception. Siluria is currently in discussions with additional strategic and financial investors to complete a total Series D…
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HallStar acquires Florasolvs® natural esters
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The HallStar Company, a Chicago-based specialty chemistry company, has acquired the Florasolvs® natural esters product line of specialty ingredients from FloraTech, a global provider of botanically-derived ingredients for personal care products. The acquisition includes the FloraTech trade names and proprietary manufacturing technology for the Florasolvs®-series brand natural esters, including the PEG-150 Hydrogenated Jojoba, PEG-120 Jojoba, PEG-80…
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Global Bioenergies commercialization in momentum
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France-based renewable chemicals company, Global Bioenergies, has speeded up its commercialization plans as it sets up its new industrial fermentation pilot unit in Pomacle, France, which is expected to be commissioned by the end of September, and be ready for a first fermentation run producing bio-based isobutene by the end of the year. The pilot…
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Lesaffre acquires Butalco
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There were several bio-butanol news last month and these were all reported at Tecnon OrbiChem’s Bio-Materials newsletter. In the meantime, here was one from Lesaffre, a France-based manufacturer of yeast and other fermentation products. The company said it has acquired Butalco, a Swiss start-up bio-butanol technology developer, for an undisclosed amount. Lesaffre has recently established…
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Solazyme, AkzoNobel expand surfactant partnership
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Algal oils producer, Solazyme, has expanded its algal oil supply agreement with specialty chemicals company, AkzoNobel, with a new five-year supply of up to 10,000 tons/year of Solazyme’s Tailored™ algal oil for surfactant production pending successful joint product development. The parties expect that the algal oil under the joint development agreement would be able to…
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M&G forms JV with Anhui Guozhen
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Tecnon OrbiChem’s Bio-Materials Issue 11 newsletter is now done and out, and we have some interesting news that came from China. In the meantime, there were also several recent announcements that came out and I will post some of them starting with M&G Chemicals and Anhui Guozhen’s joint venture announcement. M&G Chemicals actually announced late…
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Meredian prepares for potential IPO
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While Metabolix seems to be quiet these days (and people are still waiting for any production updates from the company…), Meredian on the other hand, has been churning out several news recently, the latest one is its merger with sister company, DaniMer Scientific. The companies now have merged under a wholly-owned subsidiary Meredian Holdings Group…