I apologize for the delay in the News Roundup. I have some big researching to do regarding an upcoming article about high technology chemicals/materials for space crafts. This is my first time covering this market and so if any companies are interested in participating in the article, let me know! I have until November 20 to get information and this will come out on ICIS Chemical Business' December 14 aerospace issue.
In the meantime, here are this week's roundup. Noticed that most of them are about green funds and grants. Get the money flowing!
$12m funds for bio-succinic
DNP Green Technology (one of the biobased succinic acid developers) raised $12m in equity investments led by Sofinnova Partners and including Mitsui & Co. Venture Partners, Samsung Ventures Investment Corporation, the Cliffton Group and AquaRIMCO.
PlastiPure gets NIEHS grant
PlastiPure received a $1.1m grant from the National Institute of Environmental Health and Safety (NIEHS) to continue development and commercialization of plastics that do not leach chemicals with harmful estrogenic activity (EA).
EU biorefinery grants
Borregaard has received 4 million Euros in research grants from the EU, which will be used for demonstration plants within development projects connected to Borregaard's biorefinery concept. The EU's seventh framework programme for R&D is offering altogether EUR 57m through the Joint Biorefinery Call during the period 2010-2014. More than 50 projects applied at the beginning, but only three received the grants so far.
LED grant from DOE
Momentive Performance Materials will receive $4.5m in funding from the U.S. Department of Energy (DOE) to continue the development of low cost production of light emitting diodes (LEDs) used in solid state lighting (SSL) and for increased LED light source performance. LED lights can consume 75% less energy and have a longer lifetime than common lighting options, but LED-based lighting is currently more expensive to produce.
Green ceiling standards
UL Environment is developing sustainability standards for suspended ceiling materials and systems. Suspended ceilings are often made of fiberglass, wood fiber, wet-pressed mineral-fiber, waste paper, cornstarch and other mineral-based components, and can contain recycled content.
BP in solar tech development
BP Solar and Petra Solar joined in the development of Alternating Current (AC) solar module products, initially targeting distributed utility-scale projects. The companies will integrate Petra Solar microinverter and smart grid capabilities with specially designed BP Solar photovoltaic (PV) solar module expertise.
And in ICIS news (requires subscription):
Louis Dreyfus is now the world's second-largest sugarcane ethanol producer following its takeover of Brazilian sugarcane group Santelisa Vale.
Argentina has endorsed a growing trend in Latin America by banning the use of non-biodegradable plastic bags in the province of Buenos Aires.
The heads of the US biofuels industry told a Congressional subcommittee last week that the federal government would have to strengthen its ties to the renewable fuels sector if the US wanted to meet its advance biofuels production targets.