Bridgestone Americas, a global leader in tires and sustainable mobility solutions, signed an exclusive partnership with Carbon Capture and Transformation (CCT) company LanzaTech NZ to address end-of-life tire waste. The two companies will co-develop the first dedicated end-of-life tire recycling process leveraging LanzaTech’s proprietary CCT technology, creating a pathway toward tire material circularity and the decarbonization of new tire production.
Canadian company Enerkem, a world leader in the production of low-carbon intensity biofuels and circular chemicals from waste materials, closed a new financing totaling $255 million. Repsol invests $170 million, of which $75 million is in Enerkem’s equity and $95 million in convertible debt. In doing so, Repsol joins existing shareholder Suncor Energy as a strategic shareholder to accelerate the adoption and deployment of Enerkem’s technology and to develop new projects in the Iberian Peninsula (Spain and Portugal). In addition, Monarch Alternative Capital, a new investor, is contributing $30 million to the round while Avenue Capital Group is reinvesting $30 million, both in convertible debt. Finally, there is $25 million reinvested in equity by some existing shareholders.
Avantium N.V., a leading technology company in renewable chemistry, signed a conditional offtake agreement with Sukano AG, a reputable expert in additive and colour masterbatches and compounds for polyester and specialty resins. The masterbatches are tailored to impart properties to plastics and as such are an effective way to diversify and expand polymer applications. With PEF from Avantium’s FDCA Flagship Plant, Sukano will develop masterbatches for PEF resins, facilitating fast adoption in many diversified markets and thus accelerating the growth of PEF.
Versalis and Novamont are strengthening their partnership to reinforce synergies in the ecological transition of green chemistry, leveraging what has been built so far to maximize spin-offs and seize new opportunities. The commitment to Matrìca – the joint venture set up in 2011 between Versalis and Novamont at Porto Torres specializing in manufacturing bioproducts from renewable sources – has been reconfirmed.
ABB has been awarded a major contract by NatureWorks, the world’s leading manufacturer of polylactic acid (PLA), a low-carbon bioplastic made from renewable agricultural resources, to automate their new, greenfield plant in Thailand, converting sugar cane to the polylactic acid (PLA) biopolymer, Ingeo™.
Aquafil, the creator of the branded ECONYL® regenerated nylon and pioneer in the circular economy, and ITOCHU Corporation (headquartered in Minato-ku, Tokyo) entered into a non-exclusive business alliance agreement to promote and expand the nylon circular business.
LanzaTech, an innovative Carbon Capture and Transformation company headquartered in Illinois (USA) that transforms waste carbon into materials such as sustainable fuels, fabrics, packaging and other products that people use in their daily lives, and AMCI Acquisition Corp. II, a publicly-traded special purpose acquisition company, agreed to combine through a business combination transaction.
Upon closing of the transaction, the combined company will be renamed LanzaTech Global, Inc. and its common stock is expected to be listed on Nasdaq under the ticker symbol “LNZA.”
Mogu Srl, the Italian material innovation company that commercializes bio-fabricated and circular products for interior architecture and green building, launched EPHEA™️. The market launch took place last Sunday as part of Balenciaga’s Winter 2022 runway show, at Paris Fashion Week, during which the brand presented an unprecedented floor-length coat realised with EPHEA™️.
John Bell is the Healthy Planet Director in DG Research and Innovation (R&I). He leads R&I transitions on climate change, bioeconomy, food systems, environment, biodiversity, oceans, Arctic, circular economy, water and bio-based innovations. This includes harnessing investments for Horizon Europe, the Circular Bioeconomy and the EU Bioeconomy Strategy. In this exclusive interview with Il Bioeconomista, he talks about the bioeconomy strategy 10 years after its first launch and the ecological transition at EU level.
Interview by Mario Bonaccorso