Weekly Innovation News Round-up, June 2
8:46 AM MDT | June 2, 2011 | By ALEX SCOTT
Chemical companies continue to exploit their expertise in the development of materials and services that meet the mega-trend issues of sustainability. Among those companies making rapid progress in this field is Enerkem (Pontotoc, MS), a waste-to-biomaterials firm, which this week says it has completed a $60 million funding round. Valero Energy (San Antonio, TX) joined existing investors Waste Management (Houston), Rho Ventures (New York, NY), Braemar Energy Ventures (New York, NY)...
Also raising cash for sustainable chemistry production and development, Myriant Corp. (Quincy, MA), a biobased succinic acid firm, filed for an initial public offering (IPO) worth up to $125 million on Friday, according to an SEC document. The number of shares and pricing details were not disclosed.
Green Tech energy company Carbon Sciences (Santa Barbara, CA) says it has validated its natural gas-to-transportation fuel technology in the lab, setting the stage for a strategic partnership deal by year-end aimed at commercializing the process
Meanwhile, at its biennial Defining the Future scientific symposium in Beijing in the past week Süd-Chemie detailed various developments the company has been making in the field of next-generation lithium ion batteries. In a blog from the same symposium, CW asks if China’s Chemicals-from-coal sector can become environmentally sustainable.
Next week: CW will report on Akzo Nobel’s inauguration of its fire-resistant coatings R&D center in the U.K.
Beyond Chemical Week…
Nature: The use of low cost chemicals could prevent the spread of malaria in mosquitos, according to new research in the journal Nature. The scientists in the study have found that certain chemicals emit an odor which disorients the mosquito and prevents it from using tis CO2-sensing neurons to track down its human prey.