Investments
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Gevo reports cash concern in 10-K
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As the blog reported before, 2014 seems to be the year for industry restructuring with LS9 being acquired by Renewable Energy Group; Cereplast filing for bankruptcy and Codexis changing its business strategy and focus. Bio-isobutanol producer, Gevo, is currently in the cross-hair unless the company comes up with more cash this year. Gevo recently warned on…
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British Airways commits to 50 ktpa biomass-based jet fuel supply
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The blog does not usually post much about biofuels but the technology involved in this project announcement is also associated with the developments of waste syngas-based chemicals. Yesterday, advanced biofuels technology developer, Solena Fuels, announced that it will build the world’s first facility, dubbed “GreenSky”, that will convert landfill waste into jet fuel, which will be located in…
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P2 Science bags $500,000 funding
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Connecticut Innovations (CI), an organization that helps Connecticut businesses grow through creative financing and strategic assistance, has made a $500,000 investment in P2 Science Inc. of New Haven, Conn., through its Eli Whitney Equity Fund. This investment was part of a $1 million Series A funding round also involving Elm Street Ventures. In 2013, CI…
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Location, location, location
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Here are recent announcements on new headquarters and new R&D sites. LanzaTech, for one, has finally decided to move its global headquarters from New Zealand, where the company was founded, to Skokie, Illinois. The move will generate 30 new Illinois jobs with employees transferred from New Zealand, and 35 additional employees will move from Roselle,…
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Neol scales up ag waste-to-oils plant
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Watch out Solazyme, this Spain-based company could be a future competitor if it can achieve a cost-effective commercial production of oils from waste-based sugar. Neol Biosolutions, a 50:50 joint venture between Repsol and Neuron Bio, has reached an agreement with the Center for Second Generation Biofuels (CB2G) of CENER, the Spanish National Renewable Energy Centre…
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Rivertop bags $26m funding from Cargill, First Green Partners
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Rivertop Renewables, a Montana-based producer of novel chemicals derived from natural plant sugars, has raised $26 million from Cargill, First Green Partners and existing investors. Rivertop will leverage these funds and an existing manufacturing relationship to produce market development quantities of salts of glucaric acid for select customers. In addition, the company will complete construction and…
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Amyris strengthens chemical collaborative partnerships
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Amyris is entering a collaborative research and development agreement with BASF where Amyris will use its strain engineering technology to develop a microorganism capable of producing a target molecule by BASF. The companies expect to further collaborate on a strain development program and consider other joint research and development opportunities based on the success of…