EMERGING COMPANIES

Enerkem signs fuels development deal with Canada

1:39 PM MDT | May 14, 2013 | Rebecca Coons

Waste-to-biofuels and chemicals company Enerkem (Montreal) says it has begun a new research project with the government of Canada to develop new catalytic processes for the conversion of waste into drop-in biofuels that are fully interchangeable with...

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Evonik, OPX to develop biobased routes to specialty chemicals

Evonik Industries and Boulder, CO–based industrial biotechnology firm OPX Biotechnologies say they have entered into a joint development agreement to find biobased routes to undisclosed specialty chemicals. Under the terms of the agreement, OPX will use...

Verenium reports first-quarter loss

Enzyme producer Verenium reported a net loss from operations of $3.8 million for its fiscal first quarter ended 31 March, compared with $32.1 million in the year-ago quarter. The year-ago quarter included a $31.3 million gain on the sale of...

Yulex gives University grant to boost guayule rubber yields

Yulex Corporation (Phoenix) announced today that it will provide the University of Arizona a $3 million, five-year grant for breeding and agronomic development of guayule for the production rubber for medical, consumer, and industrial applications. Yulex and...

AkzoNobel and Solazyme ink algae-based oils development deal

Solazyme (San Francisco) and AkzoNobel announced today that they have entered into an agreement to develop ingredients for AkzoNobel's surfactants and coatings products using Solazyme's algae-based triglycerides. The partnership includes a commercial off-take...

Toray produces biobased PBT, plans commercial-scale production unit

Toray says it has successfully made molded components from the partially biobased PBT. Toray Industries announced today that it has successfully produced partially biobased polybutylene terephthalate (PBT) using 1,4-butanediol (BDO) produced by renewable...

Ethiopian Potash acquires exploration authorization rights in Mali

Ethiopian Potash Corp. (EPC; Toronto) and AIM-listed Premier African Minerals (London) have signed a definitive contract for the sale of Premier's G&B African Resources Mali subsidiary to EPC, the two companies have announced. G&B holds rights to...

UK-Brazil JV to produce bioethanol from bagasse

TMO Renewables (Guildford, UK) and sugar producer Usina Santa Maria (Medeiros Neto, Brazil) have entered into a memorandum of understanding (MOU) to form a joint venture to produce second-generation bioethanol, TMO announced. The agreement initially covers a...

Sibur's 2012 profit drops by more than 4% despite higher sales

Sibur (Moscow) posted profits of 60.09 billion Russian rubles ($1.91 billion) for 2012, down 4.3% on the previous year. Ebitda, at R82.3 billion, also dropped by more than 5% during the same period, the company announced. Sales nevertheless rose by more...

Reverdia and Helm sign distribution agreement for biobased succinic acid

Reverdia, a joint venture between DSM and Roquette Frères (Lestrem, France), has signed an agreement with Helm (Hamburg) for the European distribution and joint market development of Reverdia’s biobased succinic acid, marketed under the...

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