In Brazil, Dow and Mitsui have secured all necessary governmental regulatory approvals and completed the formation of a previously announced 50:50 joint venture in Brazil, making Mitsui a 50% equity interest partner in Dow’s operation in Santa Vitória, Minas Gerais. The MOU with Mitsui that lead to this milestone, is aimed at providing innovative and […]
In Canada, Algae Biosciences has arranged a non-brokered private placement for gross proceeds of up to CAD$1,000,000 to purchase 6,666,667 shares at a price of $.15 per share. Finder’s fees of 10 per cent cash and 10 per cent finder’s warrants may be paid on a portion of the financing. The financing is subject to […]
In Florida, Safetek introduced their full line of Bio+Green Crystals cleaning products. Safetek describes their cleaning products as made using a proprietary process similar to the nutraceutical or pharmaceutical industries. The Bio+Green Crystals Compounds can be made up of bio based, plant and mineral derived surfactants. According to the company, “Our purification or crystallization process […]
In Canada, Icelandic company SIF Cosmetics announced the Canadian launch of their BIOEFFECT Skin Care product line. The product line was developed in collaboration with leading specialists in biochemistry and dermatology, and is produced by copying the human EGF gene into barley with biotechnology. More on the story.
In Florida, BioNitrogen Corp announced that it received approval from the Board of County Commissioners of Hardee County on Thursday, November 1, 2012 for the Florida Development Finance Corporation to issue up to $150 million in bonds for the construction of the Hardee County plant. Construction on the site is slated to commence in early […]
In Minnesota, BioAmber followed up yesterday’s announcement by Mitsubishi by reporting BioAmber will be the supplier of biobased succinic acid to the Faurecia-Mitsubishi Chemical partnership for the production of automotive plastics. This is in response to environmental constraints associated with vehicle weight reduction and the regulations intended to increase the recyclability of materials used in […]
In Japan, Mitsubishi Chemical has signed an agreement with Faurecia regarding joint research and development of bioplastics used in automotive interior parts. Under this agreement, Mitsubishi will pursue development of a tailor-made biomass poly-butylene succinate that is suitable for automotive interior parts by 2014. More on the story.
In Massachusetts, Metabolix reported a net loss of $7.7 million or $0.23 per share for the third quarter of 2012 as compared to a net loss of $9.6 million or $0.28 per share for the third quarter of 2011. Revenue for the nine months ended September 30, 2012 was $40.9 million compared to $1.0 million […]
In Iowa, The American Seed Trade Association and the Biotechnology Industry Organization recently completed the first phase of an industry Accord to establish a framework for post-patent single trait seeds. Chuck Larson, executive director of Americans for Choice and Competition in Agriculture said: “After five years of tireless negotiations among ASTA, BIO and industry stakeholders, […]
In the Netherlands, Royal DSM has reached agreement with Cargill to acquire Cargill’s cultures and enzymes business in an all cash transaction for a total enterprise value of EUR85 million. Subject to customary conditions, the transaction is expected to close in the next couple of months. This portion of Cargil’s business covers manufacture of cultures […]
