In Boston, bioactives startup Ayana Bio has entered into a seven-figure joint development agreement with Wooree Green Science, a subsidiary of Wooree Bio. The collaboration aims to develop plant cell-derived saffron and other vital bioactive ingredients, specifically for health and wellness products targeting the South Korean market. Known for its potential to aid weight loss […]
In New York, C16 Biosciences has secured a $3.5 million grant from the Bill & Melinda Gates Foundation to advance its fermentation platform for producing food-grade oils and fats. The company was also granted a $1 million investment from Elemental Excelerator. The global edible oils industry is projected to reach $870 billion by 2050, but […]
In Argentina, Syensqo’s venture capital fund has made an undisclosed investment in green solvents startup Bioeutectics. Founded in 2019 and based in Mendoza, Bioeutectics provides natural and high-performance solvents that make industrial products and processes more sustainable. “We see a growing demand for efficient and environmentally friendly solvents, which can also be biodegradable, non-toxic and […]
In Florida, Kraton Corporation, a producer of biobased products derived from pine wood pulping by-products, has completed a $35 million investment to upgrade its crude tall oil biorefinery towers in Panama City. The new infrastructure was completed in November. “We are excited to unveil this strategic investment in our biorefinery operations,” said Edgar Baena, VP […]
In Germany, Vyld, a producer of biobased absorbent products, has raised a “seven-figure sum” to launch Kelpon, the world’s first tampon made from seaweed, and proceed with the pilot phase of Vyndel, a compostable diaper with an algae core and no plastic or superabsorbents. Last fall, the company completed a successful trial for Kelpon with […]
In California, biotech-enabled fragrance startup Sensegen has announced a strategic collaboration with flavor and fragrance giant Takasago. The pact will leverage Sensegen’s recent advances in developing natural musk raw materials. The two companies hope to move the perfume industry beyond synthetic petroleum-based fragrances and traditional extracts. “Takasago’s rich fragrance expertise, combined with Sensegen’s innovative biotech […]
In California, environmental nonprofit the 5 Gyres has released findings questioning the biodegradability of certain bioplastics, including polylactic acid. The report, called Better Alternatives 3.0, found that some bioplastic packaging and items did not decompose after being buried underground for 64 weeks, regardless of the climate and soil conditions. For example, though PLA straws decomposed […]
In Germany, a company called Proservation has developed a molded packaging product from grain cultivation waste that could replace Styrofoam. Called Recou, the impact-resistant material is made from the husk and chaff that is either thrown out, burned or used as animal bedding after grain harvest. Proservation uses a biobased binder, meaning the whole product […]
In California, biomanufacturing firm ZymoChem has closed a $21 million Series A to advance its first product to commercial scale. The round was led by Breakout Ventures and included new investors lululemon, a producer of high-end athletic apparel, and Toyota Ventures. Returning investors GS Futures, KdT Ventures, and Cavallo Ventures also participated. ZymoChem’s technology uses […]
In Denmark, AMSilk has partnered with 21st.BIO to accelerate the production of advanced materials made from proteins based on spider silk. Under the terms of the collaboration, 21st.BIO has developed a new protein production strain for AIMSilk that is created from highly specialized precision fermented microorganisms. The new strain ensures extracellular expression of silk proteins, […]
