Green Chemicals Blog
acquisition
Corbion acquires TerraVia for $20m
Corbion, which specializes in lactic acid and derivatives, recently announced the acquisition of substantially all assets of TerraVia Holdings (formerly Solazyme), which will result in an expansion of its product platform to include microalgae-based food and specialty ingredients. Corbion has paid a cash purchase price of around $20m but it expects the total investments to … Continue reading
Tesoro acquires Virent
And technology acquisitions continue…. Oil refining company, Tesoro Corporation, announced today that it will acquire renewable fuels and chemical company Virent to support its success in bringing biofuels technology to commercial scale. Tesoro’s renewable fuels strategy is to foster the development of high-quality, lower-carbon, renewable feedstocks and blendstocks that can either be co-processed in existing refineries or … Continue reading