Business

Mitsui & Co. steps up its bet on BioAmber’s bio-succinic acid plant in Sarnia

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BioAmber has been listed on the NYSE since May 2013

Mitsui & Co., one of the most diversified and comprehensive trading, investment, and service enterprises in the world (with 140 offices in 66 countries) and BioAmber’s partner in the Sarnia bio-based succinic acid plant, is investing an additional CDN$ 25 million in the joint venture for 10% of the equity, increasing its stake from 30% to 40%. Mitsui will also play a stronger role in the commercialization of bio-succinic acid produced in Sarnia, providing dedicated resources alongside BioAmber’s commercial team. BioAmber will maintain a 60% controlling stake in the joint venture.

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Cool Terra earns the USDA Certified Biobased Product Label

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Tom Vilsack, US Agriculture Secretary

Cool Terra earns the USDA Certified Biobased Product Label. The product developed by Cool Planet – Cool Terra Engineered Biocarbon – fulfills all federal purchasing requirements for biobased products through the USDA BioPreferred program.

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Novozymes changes organizational structure

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Novozymes, Danish industrial biotech giant, announces the formation of three divisions: Household Care & Technical Industries, Agriculture & Bioenergy and Food & Beverages.

​The aim of the organizational change – the company writes in a note – is to enhance Novozymes’ ability to deliver more innovation to customers with more speed and commercial impact.

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In Northern Russia a plant to produce 100,000 tonnes of bioethanol per year from wood waste

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Vladimir Putin
Vladimir Putin

The Komi Republic in Northern Russia could host a plant that would produce 100,000 tonnes of bioethanol per year from wood waste. The proposal, coming from Egregor Biotech and Evolution Group, was presented last week, Komiinform news agency reported. Over 15 million rub (196,000 US dollars and 177,000 euro) have already been spent on the project. The total investment required is estimated at 136 million euro. A process to create a pool of investors is underway, with different options for the realisation of the project being considered, including a public private partnership.

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Gevo and Porta to construct multiple isobutanol plants in Argentina using corn as a feedstock

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Patrick Gruber, Ceo of Gevo
Patrick Gruber, Ceo of Gevo

Gevo, a leading renewable technology, chemical products, and next generation biofuels company, announced yesterday that it has entered into a license agreement and a joint development agreement with Porta Hnos (“Porta”), one of the leading alcohols companies in Argentina, producing almost 100 million liters annually, to construct multiple isobutanol plants in Argentina using corn as a feedstock.

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Anna Rath, NexSteppe: “Outside of Brazil, EU has the most favorable policy for the bioeconomy.”

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Anna Rath, founder and Ceo of NexSteppe
Anna Rath, founder and Ceo of NexSteppe

“Outside of Brazil, today Europe has the most existing infrastructure, some of the most developed technologies and the most favorable policy supporting the bioeconomy. However, theoretical concerns about land use are being allowed undue sway, which makes the outlook uncertain. Climate change deniers are having a similar effect in America. In contrast, China is showing singular resolve in its commitment to climate and carbon”. To say it – in this interview with Il Bioeconomista – is Anna Rath, founder and Ceo of NexSteppe, the U.S. company dedicated to pioneering the next generation of scalable, reliable, cost-effective feedstock solutions for the biofuels, biopower and biobased products industries. Using advanced breeding techniques and cutting-edge analytical technologies, NexSteppe is developing Malibu sweet sorghum and Palo Alto biomass sorghum to produce feedstocks tailored for these biobased industries. With Anna we talk about biomass and bioeconomy at a Global level.

Interview by Mario Bonaccorso

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Oslo Airport is the world’s first to offer jet biofuel to all airlines

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Starting from last Friday, jet biofuel is offered to all airlines that refuel at Oslo Airport, making the airport the world’s first to offer this service through the normal supply mechanism. Air BP is the supplier of the jet biofuel and Lufthansa Group, SAS and KLM have already signed agreements to purchase the fuel.

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Eni is talking with investment fund SK Capital over the sale of Versalis

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Veralis' plant in Priolo, Sicily
Versalis’ plant in Priolo, Sicily

The Italian green chemistry will speak American. Eni confirms that it is in search for a partner for Versalis, its synthetic rubber and chemicals company. In a meeting at the Italian Ministry of Economic Development (Mise), between Mise, Eni, Versalis and representatives from the National Confederation of Industry and Trade Unions regarding the prospects for Eni’s petrochemical business, the Italian oil and gas company said it intended to retain a “significant stake” of Versalis in the partnership to “ensure its objectives are successfully met”.

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“The shift to a European bioeconomy is now irreversible”. An exclusive interview with John Bell

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John Bell at Global Bioeconomy Summit in Berlin (25 November 2015)
John Bell at Global Bioeconomy Summit in Berlin (25 November 2015)

“The shift to a European bioeconomy is now irreversible and this transition will now accelerate after the COP21”. John Bell, Director of Bioeconomy Directorate of the European Commission, talks to Il Bioeconomista. In this long exclusive interview, the man who is leading the implementation of the European bioeconomy addresses different topics related to this new industrial revolution based on renewable biological resources.

“The sustainability of the bio-based solutions – Bell says – will have to be constantly demonstrated, communicated and debated with stakeholders if we want to convince policy-makers and embed the bioeconomy across Europe. This can happen at different levels. The European Commission is devoting resources to better study the overall biomass available in Europe and its uses, and to assess the efficiency of the bio-based solutions through life-cycle analysis.”

Interview by Mario Bonaccorso

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Evonik expands its green venture capital activities into Asia

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Marco Reus. Evonik is popular as main sponsor of German Football team Borussia Dortmund
Marco Reus. Evonik is popular as main sponsor of German Football team Borussia Dortmund

Evonik expands its green venture capital activities into Asia. The German company announced last Thursday an investment in the Chinese venture capital fund GRC SinoGreen Fund III (GRC III). The parties agreed to not disclose the amount of the investment. As a result, the company is now represented in the most important venture capital regions of North America, Europe, and Asia. GRC invests in private, green technology companies with unique strengths and substantial growth potential in Greater China. Target sectors include energy and resource efficiency, cleaner transportation, sustainability, and climate change mitigation and adaptation.

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