Enzymes group Novozymes says it has created an “exploratory research agreement” with Sea6 Energy (Chennai, India), a start-up biotech firm, to jointly develop an enzymatic process for converting seaweed-based carbohydrates to sugar, which can then...
This Week on CW: Eastman Chemical announced plans to acquire Solutia for $4.7 billion in cash and stock, including assumed debt. The purchase price of $27.65/share, including cash and stock, represents a 42% premium on Solutia’s closing price on...
Raising capital, developing an effective market entry strategy, and the ingredients for a successful public launch were the foremost topics of discussion at Biobased Chemicals Summit, held in San Diego last week. Overall sentiment was positive, with a number...
Showa Denko says it has selected Myriant (Quincy, MA) to supply biobased succinic acid for its polybutylene succinate (PBS) production. The deal endorses Myriant’s low-cost, feedstock-flexible technology platform, Myriant says. Financial terms were not...
LanzaTech (Auckland, New Zealand), a renewable chemicals and fuels firm, has raised $55.8 million in a third, or Series C, funding round, including an investment from the venture arm of Petronas, Malaysia’s national oil company. The funding round was...
Switchable Solutions, a green solvents firm, has hired Eric Kelusky, a former Nova Chemicals technology executive, the company says. The firm says it expects to complete pre-pilot testing of a solvent technology useful for bitumen extraction in oil sands and plastic...
BASF has invested $30 million in Renmatix, a Philadelphia-based start-up with cellulosic sugar technology BASF says could help it broaden its use of renewable raw materials and improve the cost of its supply chains. BASF’s investment led Renmatix’...
DuPont says it will collaborate with NexSteppe (Malibu, CA) to develop sweet sorghum and high-biomass sorghum hybrids suitable for use as renewable feedstock. Under the terms of the deal, DuPont’s Pioneer Hi-Bred business has made an undisclosed equity...
Reduced rates of capacity expansion and continued demand growth in “high-velocity” economies, led by China, should drive petrochemical makers to peak profits over the next few years, according to analysts with IHS Chemical....
Total and Amyris (Emeryville, CA) have signed agreements to expand their current R&D partnership and form a joint venture to develop, produce and commercialize a range of renewable fuels and products. The companies have agreed to expand their...
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