In the United Kingdom, Plaxica has raised a further £5m in equity funding from Imperial Innovations, Invesco Perpetual and NESTA Investments. Praxis has raised approximately £10m to date from its investors. Philip Holbeche, Chairman of Plaxica commented “Since the Series A financing a year ago, Plaxica has made significant progress, including growing the company’s technical […]
In California, Dow Electrical & Telecommunications announced plans to develop algal oils with Solazyme, Inc. for use in bio-based Dielectric Insulating Fluids (DIFs). The estimated $2 billion DIF market represents more than 500 million gallons of opportunity for strategic partners like Dow E&T and Solazyme, Inc. Tim Laughlin, General Manager, Dow Electrical & Telecommunications commented […]
In France, Global Bioenergies announced the completion of a €1.4m equity investment from Synthos, a European leader in the manufacturing of rubber. This investment was part of the partnership agreement, signed in July 2011. It was calculated on the basis of a €23.48 share value. Accordingly, Synthos now owns a 3.6% stake of Global Bioenergies. […]
In California, Amyris and Michelin have signed a definitive agreement to collaborate in the development and commercialization of Amyris’ renewable isoprene, a chemical building block in rubber tires and other products that use synthetic and natural rubbers. Under the agreement, Amyris and Michelin will partner to contribute funding and technical resources to develop Amyris’ technology […]
In California, Siluria has attracted $20 million for a technology platform to convert methane to chemicals, plastics, and fuels. Siluria’s Series B financing was led by the U.K. based Wellcome Trust, joining Siluria’s founding investors Alloy Ventures, ARCH Venture Partners, Kleiner Perkins Caufield & Byers, Altitude Life Science Ventures, Lux Capital, and Presidio Ventures in […]
In London, Technavio in a recent report states that the global bioplastics market is expected to grow at a CAGR of 32 percent over the period 2010-2014. The report, which covers the Americas as well as the EMEA and APAC regions, indicates that the market is being driven by the favorable policies adopted by various […]
In Brasil, Lanxess plans to use ethylene derived purely from the renewable resource sugar cane, to produce the the first bio-based EPDM rubber in the world. Braskem S.A. will supply the bio-based ethylene via pipeline to LANXESS’ existing EPDM plant in Triunfo, Brasil. EPDM is used above all in the automotive industry but also in […]
In West Virginia, Kureha’s Belle Plant held its grand opening on September 26. The facility is dedicated to the production of 8.8 million pounds of polyglycolic acid per year. The plant conducted its initial operation in mid-June 2011 and began commercial production in August. The polymer is marketed under the trade name Kuredux PGA. Its […]
In Oregon, Trellis Earth, a maker of bio-based alternative materials, has filed with the SEC in preparation for an IPO of four million shares of common stock between $5 and $6 per share. The offer is being made through Aegis Capital Corp. If successful, this IPO could raise between $20 and $24 million dollars. Trellis […]
In Texas, AT&T announced their plans to introduce a new plastic in their AT&T-branded accessory packaging, which is composed of up to 30 percent plant-based materials sourced from ethanol harvested from natural sugarcane. Customers can expect to see the transition to the new packaging in stores and online starting October 2, 2011. The plastic will […]
