Italian industrial biotech company Bio-on, specialized in the sector of bioplastic of high quality, organic and biodegradable at 100%, set up AMT Labs S.p.A., a newco dedicated to the study, development and production of innovative materials for the tobacco world. Now AMT Labs company, capitalised with 10 million euros, sees the entry of GimaTT, with a 20% share for an investment of 2.2 million euros. GimaTT is a leader in the design and assembly of automatic machines on eletronic basis for the the packaging of products derived from tobacco and, in particular, those of new generation at reduced risk. Gima TT is controlled by IMA S.p.A. and is listed on the Star segment of the Italian Stock Exchange since October 2017.
A new bio-based alternative solution is now available for dry cleaners. Working with UK company Green Biologics and their facility in Minnesota, German chemical company Kreussler Inc. is now making dry cleaning solvent from corn grown by about 500 family-owned farms in the heartland of America. SOLVONK4 offers one single ultrapure solvent that cleans better than Perc without any of the environmental or health-related concerns.
Amyris, Inc., the U.S. industrial bioscience company, and Chevron Products Company, a division of Chevron U.S.A. Inc., announced that Novvi LLC and Chevron have entered into an agreement to jointly develop and bring to market novel renewable base oil technologies. Terms of the transaction were not disclosed.
Bio-Botanica Inc., a family-owned and operated company, specializing in botanicals for over 45 years and headquartered in Hauppage (New York), has partnered with U.S. biotech company Genomatica to create a new line of botanical extracts using a naturally sourced, sustainably produced butylene glycol. These products, manufactured by Bio- Botanica Inc., feature Genomatica’s proprietary ingredient, Brontide.
