Green Chemicals Blog
bankruptcy
Amyris files for bankruptcy
I hate to hear this type of news, but Amyris is one of the few remaining longest-running start-up companies I’ve covered since my ICIS days (around 2005). While artificial intelligence and digitalization have now come a long way, the field of synthetic biology remains difficult to commercialize, more so if a start-up is competing with … Continue reading
Verdezyne Biochem Equipment for Auction
My apologies for the lack of posting as I’m inundated with webinars and online conferences in the past month (along with other deadlines). However, I cannot let this interesting news (thanks to Biofuel Digest) about an online auction of unused process equipment from the former Verdezyne’s VerdePalm project in Johor, Malaysia. While it saddens me … Continue reading
BioAmber files for Bankruptcy
Unfortunately, the force is not that strong for BioAmber today as the company announced its filing for Chapter 11 Bankruptcy in the US, while its two Canadian subsidiaries – BioAmber Sarnia Inc. and BioAmber Canada Inc. also filed a notice of bankruptcy intention as well in Canada. The company said these procedures are the best … Continue reading
Vertellus files for bankruptcy
Indianapolis, US-based Vertellus Specialties has long been a player in the castor oil derivatives market even before it was formed in 2006 through the combined operations of Reilly Industries and Rutherford Chemicals (anybody remembers sebacic acid producer, Caschem based in New Jersey?). Vertellus recently announced that it has voluntarily filed for Chapter 11 Bankruptcy protection in … Continue reading
Abengoa files for insolvency protection
It might not be a good 2016 for Spain’s largest renewable energy company, Abengoa SA, as it teeters on bankruptcy following a huge stock price fall by more than 50% when the company announced on November 25 that it failed to close a deal with a major new investor, Gonvarri Steel Industries, a subsidiary of … Continue reading
Industry shake-out: Cobalt Technologies exit
It has been a long time since anybody heard from Cobalt Technologies and my last post about it was in 2013. I read this interesting news from butanol experts, Sam Nejame and James Evangelow, who posted on Biofuel Digest about the demise of n-butanol tech developer, Cobalt Technologies. In May, Silicon Valley Disposition announced that it has … Continue reading
KiOR ran out of fuel
Advanced biofuel company, KiOR, Inc. has finally waved the white flag and filed for Chapter 11 in the US Bankruptcy Court for the District of Delaware after several months of dire warnings during earnings calls that the company has been running out of funds and still has over two hundred million dollar debts to pay to … Continue reading