There are several news that came out this week especially from Metabolix and Solazyme (a bird told me Genomatica is also coming out with something), that I have my hands full with the weekly news roundup. Let’s start first with those that came out last week…
Genomatica raises $45m
Genomatica has raised $45m with new investors that include VantagePoint Venture Partners, Bright Capital and Waste Management. The new cash inflow will be used to complete the company’s bio-butanediol (BDO) demonstration scale production planned for this year. Genomatica plans to have its first commercial scale plant start operating in late 2013.
Evonik has acquired the biodegradable polymer portfolio Resomer from Boehringer Ingelheim. The degradable RESOMER® polymers are made from lactic acid and glycolic acid for use mostly in pharmaceutical and medical applications.
Alpha Natural Resources has purchased 10.3% equity stake of Alexandria, Va.-based CERATECH, Inc. (CTI), with the option to increase to 28.3% if certain criteria are met. CTI manufactures cement that utilizes 95% waste fly ash from electric utilities, an alternative to portland cement.
Monsanto will make an equity investment in algae developer Sapphire Energy (financial numbers undisclosed) as well as formed a multi-year collaboration on the discovery of algae genes that could be applied to agriculture.
Advanced Ethanol group formed
US-based Renewable Fuels Association has formed the Advanced Ethanol Council (AEC), which will focus on accelerating the commercialization of advanced ethanol. Founding companies include Abengoa Bioenergy, BlueFire Renewables, Coskata, Enerkem, Fulcrum BioEnergy, Inbicon, Iogen, Mascoma, Osage Bio Energy and Qteros.
ISP’s biodegradable Sorez® polymers have been declared Ecolabel compliant within the European Union (EU) and may now be included in cleaning products formulation such as all-purpose cleaners and cleaners of sanitary facilities. ISP’s Sorez® HS 205 polymer is based on vinyl pyrrolidone.
US petrochemical, chemical and refining interests welcomed The Environmental Protection Agency’s (EPA) decision to postpone the March 31 deadline for industrial reporting of greenhouse gas (GHG) emissions.
European recycled polyethylene terephthalate (R-PET) colourless flake prices extended their record highs due to tight supply and strong demand.
Bipartisan US Senate and House members moved to block the Environmental Protection Agency (EPA) from regulating greenhouse gas (GHG) emissions, charging that the agency has exceeded its authority.