In Georgia, bioplastic maker Danimer Scientific has issued a super senior secured promissory note in an aggregate principal amount of $11,250,000 to certain lenders under its existing term loan financing agreement, as well as certain additional lenders. The secured loan provides for $11,250,000 gross proceeds, less fees and expenses, and has a two-year maturity accruing […]
In Georgia, polyhydroxyalkanoates bioplastics company Danimer Scientific has reported third-quarter sales of $8.6 million, down $2.3 million compared to the year-ago quarter, primarily due to the reapportionment of Starbucks’ straw business. A net loss of $21.8 million, however, was up from the year-ago quarter’s loss of $40.2 million. “We completed the third quarter in line […]
In Georgia, Synthica Energy broke ground this month on a new Renewable Natural Gas (RNG) facility in Rome, Georgia, just outside of Atlanta. “Synthica Rome” will be the first of its kind in the Greater Atlanta region and is expected to divert nearly 250,000 tons of waste from local landfills each year. Food and beverage […]
In Georgia, biobased plastics company Danimer Scientific has named Richard Altice as Interim CEO, effective immediately. Altice, a current board member and former CEO of polylactic acid bioplastic maker NatureWorks, succeeds Stephen Croskrey, who is retiring after over eight years in the role. Croskrey will continue to support the company as a Special Advisor until […]
In Georgia, lignin’s complex structure has challenged researchers in breaking it down into useful components that can be used in the sustainable production of chemicals, plastics, and fuels. Therefore, lignin is often discarded as waste during the production of paper and other plant-based products. However, researchers at the Georgia Institute of Technology have developed an […]
In Georgia, Georgia Recorder reported that Georgia regulators have signed off on a controversial Georgia Power plan to build new biomass power plants that will burn wood waste other organic material to generate electricity. With a 4-1 vote, the Georgia Public Service Commission endorsed Georgia Power’s plans to add nearly 80 megawatts of biomass energy, […]
In Georgia, Georgia Recorder reports on September 17, 2024, the Georgia Public Service Commission will vote on Georgia Power’s proposal to add 80 megawatts of biomass-fueled energy generation by burning wood pellets and organic materials, a plan that has raised concerns over high costs and environmental impact. The proposal, which includes a 30-year contract with […]
In Georgia, polyhydroxyalkanoate bioplastics maker Danimer Scientific has reported second quarter sales of $7.6 million, down by $5.3 million compared to revenue of $12.9 million in the second quarter of 2023. Nodax-brand PHA revenue of $5.9 million decreased by $2.5 million in the quarter as compared with the prior year quarter, primarily due to the reapportionment […]
In Georgia, The University of Georgia (UGA) reported that a new research from the UGA noted that biofuel generated from logging residues could make switching to sustainable aviation fuel more cost-efficient and carbon friendly than previously thought. In a recent journal article Puneet Dwivedi, a professor of sustainability sciences in the Warnell School of Forestry […]
In Georgia, AstroTurf Corporation has earned the U.S. Department of Agriculture Certified Biobased Product Label for AstroTurf Rootzone 3D3 Blend GT-B. The product offers grass-like traction, and promotes more consistent footing, and more uniform shock absorption over time. With a more uniform infill level, UV exposure to the fibers is more consistent across the field, […]
