EU Commission steps up action on Europe’s bioeconomy

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Berlaymont, European Commission’s Headquarter in Brussels

The European Commission is stepping up the implementation of the EU’s Bioeconomy Strategy by launching three complementary initiatives. This includes the Bio-based Europe Alliance (BEA) to support market scale-up, the Bioeconomy Investment Deployment Group (BIDG) to improve access to finance, and the Expert Group on Bioeconomy to support implementation by Member States. As part of this, a new call for expression of interest to participate in the BEA was launched on Wednesday 10 June. It aims to address gaps across the value chain that prevent companies from scaling up and reaching full market deployment of bio-based materials and products. 

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LanzaTech JV successful IPO underscores strategic value of more secure fuel supply

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Jennifer Holmgren at IFIB 2018 in Turin, Italy

LanzaTech Global, Inc., a carbon management solutions company, announced that Beijing Shougang LanzaTech Technology Co., Ltd., a joint venture in which LanzaTech held a 9.31% equity stake prior to the offering described below, has launched its Initial Public Offering (IPO) of 40 million H-Shares at a public offering price equivalent to approximately US$1.86 per share, based on applicable exchange rates, on the Hong Kong Stock Exchange. The offering raised gross proceeds of approximately US$75M before underwriting discounts and commissions.

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Today the second edition of the BioINSouth Forum get started in Seville

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Seville in Spain is hosting the second edition of the BioINSouth Forum. The Andalusian city is for a couple of days the Mediterranean capital of bioeconomy, thanks to the forum that is bringing together leaders and experts from various sectors and disciplines from South Europe and beyond. Today they are discussing and outlining the R&I priorities in bioeconomy, in conjunction with the particularities of the South European regions, asking for a new political EU Initiative: BioSouth. If there is a BioEast it’s also needed a BioSouth to enlarge and boost the European bioeconomy.

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FAO event showcases practical bioeconomy approaches across Europe and Central Asia

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Fountain of Trevi in Rome (headquarter of FAO)

A virtual event organized by the Food and Agriculture Organization of the United Nations (FAO) on 28 May showcased practical, scalable solutions from across Europe and Central Asia, highlighting how circular bioeconomy approaches in agriculture can drive innovation, support sustainable development and help translate commitments into concrete action on the ground.

The event marked the launch of the publication “Case studies promoting bioeconomy through agricultural practices in Europe and Central Asia”, which presents examples of sustainable and circular agricultural practices already being implemented across the region.

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UPM acquires Ray Technology® intellectual property from Avantium, broadening its bio-based glycols IP portfolio

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UPM has reached an agreement with Avantium N.V. to acquire the intellectual property related to Avantium’s Ray Technology®, a process for the production of bio-based mono-ethylene glycol (MEG) and mono-propylene glycol (MPG) from plant-based sugars. The transaction comprises Avantium’s patent portfolio and invention disclosures related to Ray Technology® and is for UPM not material in financial terms. The strategic value lies in the expansion of UPM’s intellectual property position across the conversion of lignocellulosic biomass to bio-based glycols.

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P2 Science Closes $23 Million Round to Accelerate Commercial Momentum and Expand Green Chemistry Platform into New Markets

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P2 Science, Inc., a leading green chemistry company transforming sustainable feedstocks into high-performance ingredients, announced the close of an oversubscribed $23 million up round led by Sofinnova Partners. Sofinnova is a leading European life sciences venture capital firm based in Paris, London, and Milan. The financing will accelerate P2’s commercial growth in beauty and personal care ingredients and expand the company’s green chemistry platform into new markets, including aroma technologies, performance polymers, home care, coatings, and crop care.

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Bioeconomy in Latin America and the Caribbean: a generation seeking to transform science into rural profitability

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There is a new generation of rural entrepreneurs in Latin America and the Caribbean that no longer talks only about producing more food. They naturally think in terms of biomass, traceability, bioinputs, carbon capture, biodiversity, and circular economy. For them, transforming agricultural waste into energy, tracking a product’s journey from the field to the consumer, or developing microorganisms that improve crops is no longer a futuristic or academic concept: it is beginning to form part of a new way of thinking about businesses linked to agriculture and rural territories.

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Stora Enso introduces Bergslagets Skogar as the new name for its Swedish forest asset company

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Stora Enso paper mill in Hyltebruk (Sweden)

Stora Enso launched Bergslagets Skogar as the new name of its Swedish forest asset company. The announcement marks an important step in Stora Enso’s preparations to separate its Swedish forest assets into a standalone listed company, subject to relevant approvals. Bergslagets Skogar represents Stora Enso’s Swedish forest asset entity, comprising long term, sustainably managed forest land with a history of active ownership extending back to year 1288. The name reflects both the historical footprints in the old Copper Mine in Falun and a long term approach to value creation, where planning horizons extend across generations.

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BioInvestIT: today in Milan 8 innovative bioeconomy startups meet international investors

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Milano is hosting today the third edition of BioInvestIT, the key investment forum for circular bioeconomy organized by Italian Circular Bioeconomy Spring together with the European Circular Bioeconomy Fund (ECBF) and Bio4Dreams and the support of TerraNext, LCA and Bioinvest Europe. The event brings together innovative businesses and projects seeking capital with financial and corporate investors from all over Europe. 

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BRIGHT and LanzaTech launch new partnership to accelerate carbon-to-value biotechnology in Europe

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Jennifer Holmgren, CEO LanzaTech, at IFIB 2019 in Naples

BRIGHT, the Novo Nordisk Foundation Biotechnology Research Institute for the Green Transition at the Technical University of Denmark (DTU) and LanzaTech Global, Inc., a global leader in gas fermentation, have entered a multi-year agreement to accelerate development of technologies that convert carbon emissions into valuable products.

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