Investments
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Europe to invest €3.8bn in the biobased economy
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The European Commission proposed a €3.8 billion Public Private Partnership (PPP) on Biobased Industries, in order to accelerate the commercialization of biobased products in Europe. The European Commission will invest €1 billion and the industry €2.8 billion, from 2014 to…
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World’s first 5-HMF industrial facility
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Switzerland-based AVA Biochem BSL AG said it has begun operation of the world’s first industrial plant for producing 5-hydroxymethylfurfural (5-HMF) at Muttenz in Clariant’s Infrapark near Basel. The plant initially can produce 20 tons/year of 5-HMF with a purity of…
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BASF expands bioplastic investments
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While BASF is still cautious on the use and marketing of bioplastics, the company admitted that biopolymers do present a growth market opportunity and therefore BASF is planning to expand its business in this area. BASF announced today that it…
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Novozymes acquires TJ Technologies
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Enzymes producer Novozymes has signed a definitive agreement to acquire TJ Technologies Inc. based in Watertown, South Dakota. With annual revenue close to $15 million, TJ Technologies Inc. is a significant player in the U.S. market for bioyield enhancement products,…
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Lanxess invests in enzymes
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Enzymes technology developer evocatal GmbH has completed a Series B financing round with new investors NRW.BANK and LANXESS as well as existing investors also taking part on the recent financing. The investments from this round of financing will be used to…
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Enerkem raises C$50m in latest financing
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Enerkem, a waste-to-biofuels and renewable chemicals company, has closed a C$50 million ($51.97m) financing, which brings total equity investment raised by Enerkem in 2013 to C$87 million. As part of this financing, institutional fund Investissement Québec joins existing investors Waste…
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CSM changes name to Corbion, focuses on biochems
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CSM, the parent company of lactic acid producer Purac, announced yesterday its new growth strategy for 2013-2016 starting with a new company name called Corbion. The new name and strategy marks the company’s transformation from a bakery ingredients supplier to…