My resolution this year was supposed to be more on time when it comes to posting the Weekly News Roundup. Like my resolution to go to the gym more, this too failed. I’m blaming both failures on my workload ; )
Last week was still busy for news even during the holiday season. Here are some of them:
OM Group has purchased advanced battery manufacturer EaglePicher Technologies LLC. EaglePicher is actively pursuing opportunities that would leverage its advanced power storage technologies to serve the rapidly growing alternative energy market.
Glencore buys Biopetrol stake
Glencore has taken a majority stake in BIOPETROL INDUSTRIES AG through the acquisition of 50% plus one share. Biopetrol produces and sells biodiesel and pharmaceutical-grade glycerine.
Bunge expands bioenergy biz
Bunge acquired 100% of sugarcane mill owner Usina Moema Participações S.A. (“Moema Par”).Moema’s operations produces sugar and ethanol and they are located on the border of São Paulo and Minas Gerais states, said to be the two largest domestic ethanol markets in Brazil.
US bioplastic collaboration
Australian bioplastic producer Plantic Technologies and US specialty chemical company National Starch forms a collaboration to establish a site for the manufacture of Plantic® products in the USA. Plantic will relocate its existing proprietary manufacturing lines from Australia to US.
Biodegradable PET buy-out
IMAGIN Molecular Corporation (IMGM) bought 100% of the equity of the Planet Green Bottle from Positron Corporation. IMGM will also change its name to Planet Green BioTechnology, Inc. Planet Green Bottle plans to develop next generation biodegradable additive for PET plastic bottles and containers.
And in ICIS news (requires subscription):
Canada’s Quebec province will adopt emissions standards equivalent to those in force in California, effective mid-January.
US ethanol trade groups are challenging the constitutionality of California’s new low-carbon fuel standards (LCFS), adding the rules threaten the domestic ethanol industry.
US ethanol and biodiesel players have put a disastrous 2009 behind them, but many are wondering if they can survive 2010 without major government support.
Bloated biodiesel industry on EU life support.