Investments
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Global Bioenergies picks Linde for pilot plant
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My apologies for the sparse news as I just got back from Kuala Lumpur, Malaysia, covering its 25th Palm and Lauric Oils conference last week. I have some news about Emery Oleochemicals’ downstream activities (such as natural-based polyols, agrochemicals, lubricants, etc.) as well as interesting tidbits from the Malaysian Biotech Corporation although these news tidbits…
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Succinity starts biobased succinic acid plant
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And so all the bio-succinic acid players are now in production, and all of them are planning on expanding capacity soon. Succinity GmbH, the joint venture between Corbion Purac and BASF for the production and commercialization of biobased succinic acid, just announced the successful start-up of its first commercial production facility located at the Corbion…
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Givaudan to acquire Soliance
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Givaudan has entered into exclusive negotiations to acquire 100% of the shares of Soliance SA and its subsidiaries. Soliance is currently a division of ARD (Agro Industrie Recherches & Développements). Soliance provides innovative cosmetic solutions to its international clients and partners and develops high added-value active ingredients, derived from vegetable sources, microorganisms and microalgae. Soliance…
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BioAmber secures $10m loan from Ag Canada
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BioAmber’s subsidiary, BioAmber Sarnia Inc., has secured a $10 million interest free loan from Agriculture Canada for the 30,000 MT succinic acid plant currently under construction in Sarnia, Ontario, Canada. The loan, which was secured through the Department’s Agri-Innovation Program, will be reimbursable in equal yearly installments from 2015 to 2024. BioAmber Sarnia had previously…
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Versalis, Elevance Partnership
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Given my limited background in organic chemistry, I am still trying to comprehend the potential importance of olefin metathesis technology within the overall chemical industry. However, Elevance has a nice summary of what metathesis is all about on its web page. Elevance recently announced its partnership with Italian chemical firm Versalis on the joint development…
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ADM invests in Rennovia
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I just had an interesting conversation with Elevance regarding their partnership with Versalis, and I will try to post a blog soon. In the meantime, I just received this news from Archer Daniels Midland about its $25 million equity investment in bio-based nylon intermediates developer Rennovia. It is interesting that this US agribusiness firm is…
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Mitsubishi Chemical expands Durabio output
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Mitsubishi Chemical Corporation (MCC) recently announced that it is expanding production of its isosorbide-based engineering plastic, DURABIO, at its Kurosaki Plant in Fukuoka, Japan. MCC has been producing its high-performance, high-transparency bio-based engineering plastic since August 2012 with annual production capacity of 5,000 tons. The company is planning to increase annual production capacity to 16,000…