IHS Chemical Week


Chemical Industry Weekly Innovation News Round-up, July 21

9:28 AM MDT | July 21, 2011 | By ALEX SCOTT

Semicon West, the annual semiconductor and electronic industries expo took place in San Francisco recently. CW's online editor Vincent Valk was at the show to pick out the latest news. The issues for the electronic chemicals developers are the same, but the technology is advancing more rapidly: Manufacturers of photovoltaics are focused on driving efficiency. 

Demand for Carbon capture and storage (CCS) technologies is set to grow rapidly at a compound annual growth rate of 25.4% during the next five years, according to a study by BCC Research.

Lanxess says it has developed a proprietary catalyst system and will use innovative technology to further reduce carbon emissions for additional menthol production capacity at Krefeld-Uerdingen, Germany.

Synthetic biology start-up LS9 (San Francisco, CA), and HCL CleanTech (Oxford, NC), say they have secured $9 million in funding from the U.S. Department of Energy (DOE) a process to produce diesel fuel and drop-in replacements for other fuels and chemicals.

Beyond Chemical Week...

Bloomberg: Biotechnology venture capital funding increased 46% in the second quarter of the year.

Jim Greenweood CEO of the Biotech Industry Assocation tells CNBC that the U.S. biotech industry should have tax breaks to ensure that drug innovation can be accelerated.

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