Green Chemicals Blog
M&A
Chevron acquires Renewable Energy Group
It seems Chevron is all in when it comes to renewable fuels investments after the oil and energy company announced today that it will acquire US-based Renewable Energy Group (REG) in an all-cash transaction valued at $3.15 billion or $61.50/share. The transaction price represents a premium of around 57% on a 30-day average based on … Continue reading
Cargill to acquire Croda’s Bio-industrial Business
Happy New Year to GCB followers! I hope you all had a good holiday break and we wish everyone a healthy and prosperous 2022. I cannot pass up reporting this interesting news last month about Cargill planning to acquire Croda’s bio-based industrial business for $1.03bn (EUR 915m). The transaction is expected to close in the … Continue reading
Danimer Scientific to Acquire Novomer
This is quite interesting news that came out today about Danimer Scientific announcing its plans to acquire Novomer in a cash transaction valued at $152 million. Headquartered with a pilot plant in Rochester, New York, Novomer develops high-performing, carbon-efficient, cost-effective polymers and chemicals including poly(3-hydroxypropionate) (“p(3HP)”), a type of polyhydroxyalkanoate (“PHA”), all of which can … Continue reading
US football team partners with Braskem in plastic recycling
It’s the start of the football season! Unfortunately, my Giants team doesn’t seem to be doing well based on their performance last Sunday. The Eagles team is definitely not one of my favorites (sorry!) but I’m glad the team’s owners are working on minimizing their plastic wastes by partnering with Braskem in plastic recycling. Braskem … 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