In the Netherlands, Avantium sold its bioaromatics patent portfolio to The Netherlands Organization for Applied Scientific Research, TNO, for an undisclosed amount. The sale includes both patents and know-how for technologies that produce bio-derived products for polymers and coatings. These technologies lie outside Avantium’s strategic focus and will now be further developed by TNO. Avantium […]
In Germany, BASF expects a well-stocked agricultural pipeline with projected peak sales potential of more than $8.2 billion (€7.5 billion). By 2029, the company will launch more than 30 key projects, including novel seeds and traits, chemical and biological crop protection, digital products and new formulations. BASF will build on its research and development (R&D) […]
In Denmark, Novozymes A/S held its Annual Shareholders’ Meeting last week and approved several resolutions such as the distribution of profit in accordance with the annual report for 2019 with payment of a dividend of about .77 cents (DKK 5.25) per share of .29 cents (DKK 2), an increase of 5% compared with 2018. They […]
In Finland, in a drastic turn to eliminate coal as the main source of district heating, the City of Helsinki kicked off the Helsinki Energy Challenge – a global $1.1 million (€1 million) competition to find the future of urban heating. Ideas presented must not rely on fossil fuel or biomass fired heating as the […]
In New York, JetBlue Airways became the first-ever airline to deploy a sustainability-linked loan by amending its existing $550 million senior secured revolving credit facility (RCF) to include provisions to align its strategic initiatives with its environmental, social, and governance performance goals. BNP Paribas is the bank that assisted JetBlue as the sole Sustainability Structuring […]
In Germany, UFOP reports that the Ukraine has become more important for EU rapeseed supply, the US supplied large amounts of soybeans over the past months, and that the EU-28 has received around 8.7 million tonnes of soybeans from overseas in the 2019/20 season to date. This is down just about 6 per cent year-on-year. […]
In Washington, D.C., Agriculture Secretary Sonny Perdue announced that the U.S. Department of Agriculture intends to make available up to $100 million in competitive grants for activities designed to expand the sale and use of renewable fuels. USDA will make the grant funds available under the Higher Blends Infrastructure Incentive Program (HBIIP). Its purpose is […]
In South Korea, an international joint research team has developed an effective biofuel production process that leverages the genetic engineering of lignin and bio-derived deep eutectic solvents (DESs). The research team was led by the Korea Institute of Science and Technology through the KIST- University of British Colombia lab program in Vancouver, Canada. According to […]
Anellotech’s technology converts Lay’s potato chip bag into key chemical required for plastic bottles In New York, Anellotech just proved that you can transform even an empty potato chip bag into something valuable. Anellotech successfully converted a Lay’s Barbeque Potato Chip (PepsiCo) bag into para-xylene, the primary chemical used to make virgin PET for beverage […]
In Germany, oxygen inactivates biocatalysts for energy conversion even under a protective film within a short time and researchers at the Ruhr University Bochum discovered that the addition of iodide salts to the electrolyte can prevent this and considerably extend the life of the catalysts. Biological and bio-inspired catalysts abound, and their catalytic performance is […]
