In California, Cereplast announced their net loss for the three months ending June 30, 2012 was approximately $3.9 million as compared to $2.4 million for the same period in 2011. Net loss for the first six months of 2012 was approximately $6.7 million as compared to approximately $4.1 million for the first six months of […]
In Delaware, Butamax has received a US patent ‘878 for its enzyme production as it pertains to the production of isobutanol. The company filed an additional lawsuit against Gevo last week for infringement upon this patent as it demonstrated that Butamax innovated the technology for isobutanol production years before Gevo patents were filed. “Butamax was […]
In Washington, USDA Rural Development is making up to $14 million in grants available for projects that help farmers and ranchers produce biobased products from agricultural commodities. The grants, which are competitively awarded, are available for planning activities or for working capital expenses, but not for both. The maximum grant amount is $100,000 for planning […]
In Denmark, Novozymes has developed a fungus that enables production of malic acid from renewable raw materials instead of oil. Malic acid is used as a flavor enhancer in the food industry and can be converted into other chemical derivatives used for a variety of plastic, polymer and resin products. Along with succinic acid and […]
In Canada, Solegear Bioplastics has secured Series A financing, led by Yaletown Venture Partners and joined by a number of leading angel investors. Based in Vancouver, Solegear engineers, produces and distributes high-performance bioplastics made from rapidly renewable resources. Founded in 2006, Solegear has developed proprietary bioplastics formulations under the brand name Polysole – a 100% […]
In Colorado, Gevo reports that the Federal Circuit Court of Appeals granted Gevo’s motion to stay a status quo order entered on July 6th by the U.S. District Court in Delaware. The status quo order had prohibited Gevo from selling bio-isobutanol to the automotive fuels market pending Butamax’s appeal of the District Court’s decision denying […]
In California, Rentech reported consolidated net income of $.04 per share driven by strong fertilizer product prices, lower prices for natural gas, and reduced R&D expenses in the alternative energy segment. CEO Hunt Ramsbottom noted, “Rentech Nitrogen generated strong cash flow resulting in second quarter cash distributions of $1.17 per unit. Average prices for delivered […]
In Germany, BRAIN AG and Evonik Industries announced a cooperative effort to develop novel microorganisms with unique, selective binding- and adsorption characteristics on selected surfaces. The goal of the two companies is to integrate selected microorganisms into an industrial-scale. BRAIN will contribute its expertise in biotechnology, microbiology and the development of pilot processes, while Evonik […]
In Kansas, Green Dot is introducing what they consider to be the market’s first compostable elastomeric bioplastic, GDH-B1. Unlike most compostable bioplastics, GDH-B1 is a soft, rubber-like material that is strong, pliable and durable. Green Dot is placing this pioneering compostable bioplastic in the hands of millions with innovative products for consumers. GDH-B1 is made […]
In Germany, the Nova Institute is reporting that based on a survey of the international bioplastics market, global annual production capacity for polylactic acid is over 180,000 tons, and that planned expansion could reach in the neighborhood of 800,000 tons by 2020. In surveying lactic acid producers, Nova reports that production could increase to approximately […]
