Swiss-based biotech company Evolva teams up with Paris-based FCI to expand the European sales, marketing and distribution of its high-purity, sustainably sourced citrus ingredients, nootkatone and valencene.
Business
Oriflame Products Poland joins UPM Raflatac’s RafCycle recycling program
Cosmetics industry giant Oriflame Products Poland has joined UPM Raflatac’s RafCycle recycling program. RafCycle recycles and reuses pressure sensitive label waste to create new materials. The partnership supports Oriflame’s target to reduce its landfill waste to zero across all their manufacturing sites. Oriflame is a leading beauty company selling direct. It has its origin in Sweden with corporate offices in Switzerland. The company offers a wide range of high-quality beauty products.
Successful IPO of Avantium which raised €103 million on Euronext
The European bioeconomy takes another step forward thanks to the successful initial public offering of Avantium which raised €103 M on Euronext Amsterdam and Euronext Bruxelles. Sofinnova Capital VI – Sofinnova Partners states – remains the main shareholder after the IPO. The initial public offering was multiple times oversubscribed.
A tribute to the 8 women who have distinguished themselves in the bioeconomy in 2016
Even this year for the International Women’s Day, we dedicate a tribute to the 8 women who have distinguished themselves in the bioeconomy in 2016. With their huge competences and their infinite passion, they are the stars of the world bioeconomy. Our best and warmest wishes to all women.
Ylwa Alwarsdotter, Senior VP Sekab (Sweden)
Catia Bastioli, CEO at Novamont (Italy)
Louise Batchelor, VP Strategy at BioAmber Inc. (Canada)
Jennifer Holmgren, CEO at Lanzatech (New Zealand/USA)
Nathalie Moll, Secretary General at EuropaBio (UE)
Theodora Retsina, CEO at American Process (USA)
Margaret Smallwood, CEO at BioVale (UK)
Marie Wheat, Industry Economist at USDA BioPreferred Program (USA)
A bio-based packaging revolution: Danone and Nestlé Waters form the NaturalALL Bottle Alliance
A packaging revolution: Danone and Nestlé Waters, the world’s two largest bottled water companies, have joined forces with Origin Materials, a startup based in Sacramento, California, to form the NaturALL Bottle Alliance. Together, the three partners aim to develop and launch at commercial scale a PET plastic bottle made from bio-based material, i.e. 100% sustainable and renewable resources. PET (Polyethylene terephthalate) is the most common plastic in polyester family and is used in fibers for clothing, containers for liquids and foods, thermoforming for manufacturing, and in combination with glass fiber for engineering resins.
Bio-on and Sadam Group launch a shared project to produce bio-levulinic acid
Two Italian companies, Bio-on and Sadam Group, has begun working on a project to develop innovative industrial processes, at competitive cost and with low environmental impact, to produce levulinic acid, a key element of the sustainable chemical industry of the future.
Comet completed a round of equity financing led by PM Equity Partner
Comet Biorefining, the Canadian company focused on the production of high-purity cellulosic dextrose, completed a round of equity financing led by new investor PM Equity Partner. Current investor Sofinnova Partners and new investor Bioindustrial Innovation Canada (BIC) also participated in the financing, whose terms were not disclosed.
Novozymes launches an enzyme that adds nearly $1 million per year in revenue for a plant
Novozymes launched the Spirizyme® T Portfolio, an advanced suite of glucoamylase enzymes with trehalase and other yield enhancing activities that provide the most total sugar conversion in the industry. Trehalase is an enzyme that converts trehalose, a type of sugar that cannot be fermented to ethanol, to glucose, which is easily fermentable.
Poet-Dsm will build an on-site enzyme manufacturing facility in Iowa
Poet-Dsm Advanced Biofuels, a 50/50 joint venture between Royal Dsm and Poet, Llc. Based in Sioux Falls, South Dakota, will build an on-site enzyme manufacturing (OSM) facility in Emmetsburg, Iowa, pending state and local approvals.
Pacific Ethanol and Edeniq entered into a technology licensing and purchase agreement
Pacific Ethanol, Inc. a leading producer and marketer of low-carbon renewable fuels in the United States, and Edeniq, Inc., a biorefining and cellulosic technology company, entered into a technology licensing and purchase agreement to enable the production of cellulosic ethanol at Pacific Ethanol’s Madera, California, plant using Edeniq’s Pathway and Cellunator™ Technologies.
IL BIOECONOMISTA 