In California, Amyris closed a $20 million private placement of unsecured promissory notes to existing investors. In connection with this financing, the company also issued warrants for 2.9 million shares of common stock. The private placement was led by a long-term investor affiliated with one of Amyris’s board members, John Doerr, of the venture capital […]
In Germany, Clariant and Werner & Mertz have launched a project to expand the applications of bioethanol made from agricultural residues such as straw to detergents, cleansers and cleaning agents. sunliquid bioethanol has been used in Frosch Bio-Spirit Multisurface-Cleaner since the beginning of the year. As part of this, Clariant supplied the cellulosic ethanol, also […]
In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 975,000 barrels per day (b/d)—or 40.95 million gallons daily. That is up 6,000 b/d from the week before. The four-week average for ethanol production stood at 966,000 b/d for an annualized rate of 14.81 billion gallons. Stocks of ethanol […]
In Washington state, Matrix Genetics and Proterro will jointly produce high-value nutritional products in Spirulina. Matrix will develop the Spirulina strains and Proterro will grow these strains on their proprietary production system. Matrix was the first company to offer rapid and efficient genetic methods for modifying Spirulina, which unlocks this organism’s high protein content, rich […]
The Digest Bioeconomy Index, an index of publicly traded advanced bioeconomy stocks, was flat at 48.01 despite an advanced bio dip. For the day,Biox (BX.T) lost 12.86 percent to $0.61, while Gevo (GEVO) dumped 8.15 percent to $0.36. Among other equities, Amyris (AMRS) rebounded 4.61 percent to $1.59. Overall, advances and declines were even for […]
The Digest Bioeconomy Index, an index of publicly traded advanced bioeconomy stocks, slipped 0.39 percent to 48.08 as ethanol rolled back. For the day, Aemetis (AMTX) fell 5.43 percent to $1.74, while Pacific Ethanol (PEIX) shed 7.88 percent to $3.39. Among other equities, Abengoa (ABGB) dumped 8.79 percent to $0.83. Overall, advances and declines were […]
In Washington, Comet Biorefining announced at ABLC 2016 the location of its commercial-scale biomass-derived sugar facility in the TransAlta Energy Park in Sarnia, Ontario. The 60 million pounds per year plant will come online in 2018 producing dextrose sugar from locally-sourced corn stover and wheat straw. Corn stover consists of residues left in the field […]
In Washington, GFBiochemicals announced at ABLC 2016 that it has acquired the assets and intellectual property of Segetis, a US-based, venture-backed levulinic acid derivatives producer Segetis has more than 50 patents and over 200 pending patent applications worldwide. The acquisition matches up GF Biochemical’s commercial-scale technology for producing levulinic acid, with Segetis’ technology for converting levulinic […]
By Edward Dodge, Special to The Digest Day 2 at ABLC2016 featured another packed schedule of prominent speakers from across the bioeconomy. Marcel Van Berkel from GFBiochemicals announced that they have acquired Segetis, the green chemistry firm from Minnesota. GFBiochemicals is the leading producer of levulinic acid which can replace a range of petroleum […]
By Edward Dodge, special to The Digest At the first day of the 2016 Advanced Bioeconomy Leadership Conference in Washington D.C., Pavel Molchanov, a markets analyst from Raymond James expects prices to rise back to $60 a barrel by the end of the year. Investment in new oil production capacity is down 30% two years in […]
