Investments
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Danish biorefinery receives EU funding
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The EU Commission has awarded €39 million in funding from the NER300 program to Maabjerg Energy Concept, a consortium of companies that include DONG Energy, Novozymes, and local utilities, Vestforsyning, Struer Forsyning and waste management company Nomi, towards the construction of…
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Evonik invests in Biosynthetic Technologies
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German specialty chemical company, Evonik, has closed on an equity investment in Biosynthetic Technologies, LLC (BT), a specialist in biobased lubricants headquartered in Irvine, California. BT has developed and manufactures a new class of bio-based synthetic oils called estolides that are…
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BioAmber expands Vinmar contract, expects to raise $33.6m in stock offering
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Further catching up to news from last week, BioAmber announced that it has expanded its take-or-pay contract with Vinmar International with a total 210 ktpa bio-succinic acid/bio-BDO supply for 15 years. Under the new contract, Vinmar has committed to purchase 10 ktpa of…
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Elevance, Genting in Malaysia biorefinery venture
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Hello readers of the blog. I am back from vacation but I think I need another one as I go through my emails today. That being said, this email from Elevance Renewable Sciences is another good news from the company…
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METEX licenses bio-PDO tech to SK Chemicals
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Before I leave for my vacation, let me post this interesting news about METabolic EXplorer’s (METEX) recent announcement about its partnership with South Korea-based SK Chemicals Co. Ltd. Instead of producing its own glycerine-based PDO (1,3 propanediol), France-based METEX decided…
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Matrìca inaugurates green chemistry complex
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Tecnon OrbiChem’s 10th Bio-Materials & Intermediates issue is now out and here are the highlights of the report: Ethylene/Polyethylene Petro-based PE coatings are being replaced by bio-based and biodegradable resins Glycols Jilin Zhongxin Chemical Group is building a 120 ktpa…
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Trellis Earth Products buys Cereplast
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Trellis Earth Products, Inc., a leading maker of bioplastic food service disposables, will pay $2.6 million for substantially all of Cereplast’s assets including production equipment, patents, inventory, and trademarks, plus pay certain contract cure costs, as part of Cereplast’s Chapter…