Weekly News Roundup

Severe weather in the Midwest is threatening the feedstock supply for biobased chemicals and fuels; chemical registration for Europe’s REACH started this month, and the rest of this week’s news are focused on hydrogen, algae, and green investments.

More hydrogen stations
General Motors and Clean Energy Fuels opened a hydrogen fueling station in Los Angeles, and plans to expand more hydrogen infrastructure. The LA station will start operations in early fall.

Europe’s new carbon pool
New York-based Natsource LLC formed a carbon pool dedicated to European companies. The pool, which will purchase carbon credits that participants can use to comply with Kyoto Protocol’s emissions targets, has a Euro 200 million target.

Solvay joins cleantech fund
Solvay has joined Capricorn Cleantech Fund, a venture capital fund which focuses on start up, early and development stage investments in clean technology-based growth companies across Europe.

Investment plug for hybrids
The US Department of Energy will fund $30 million for three 3-year cost-shared Plug-in Hybrid Electric Vehicles demonstration and development projects. Companies in the project included General Motors, Ford Motor and General Electric.

Akzo’s slimy funding
Akzo Nobel with its partners energy company Essent, algae producers Ingrepo and Wageningen University, received a more than Eur 1 million of Dutch government funding for their algae research project. The consortium is looking to convert algae into potential chemical feedstock.

Bioplastic facility unharmed
Bioplastic producer Cereplast said its Indiana facility was safe from the recent Midwest flooding and remained on track for its opening in the third quarter this year. The company plans to add additional buildings to the site, increasing production capacity to half a billion pounds as early as 2010.

And in ICIS News (which requires subscription):
Closed-loop recycling can cut costs and raise revenue for paint producers, according to a plastic recycler. Diversification of energy supplies into cleaner sources will address the issues of energy security and climate change, according to Tony Hayward, CEO of oil company BP. And green trends are having a stronger influence in the automotive coatings market, according to DuPont.

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