Economy

Origin Materials creates “all PET” bottle caps, making 100% recycled PET possible

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California-headquartered Origin Materials, the carbon negative materials company with a mission to enable the world’s transition to sustainable materials, has created “all PET” (polyethylene terephthalate) bottle caps, making “100% recycled PET” possible from cap to bottle to improve post-consumer recycling. Origin’s PET caps are more sustainable than common alternatives because they may be produced with any type of PET, from recycled PET to Origin’s 100% bio-based, carbon-negative virgin PET. PET offers better oxygen and CO2 barrier than HDPE and PP, common cap materials.

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Braskem expands its biopolymer production by 30% following an investment of US$ 87 million

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Braskem concluded a 30% increase in production capacity of its bio-based ethylene plant, located in the Petrochemical Complex of Triunfo, Rio Grande do Sul, Brazil. The US$ 87 million investment aims to meet the growing global demand for sustainable products. The plant now operates at an increased capacity, from 200,000 to 260,000 tons/year. Braskem’s bio-based ethylene is made from sustainably sourced, sugarcane-based ethanol which removes CO2 from the atmosphere and stores it in products for daily use.

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Neste and the other leading energy companies in Finland join forces to develop an industrial hydrogen valley

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Neste’s headquarter in Espoo, Finland

Neste Corporation, Gasgrid Finland Ltd, Helen Ltd, and Vantaa Energy Ltd have in collaboration started preliminary studies on the development of an industrial hydrogen valley in the Uusimaa region, Finland. This joint effort is a step forward in driving Finland towards a leading hydrogen economy in Europe that creates industrial investment opportunities and supports Finland’s and Europe’s carbon neutrality goals.

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IFIB 2023 goes to Florence. From 27 to 29 September the capital of the Renaissance will be the capital of global circular bioeconomy

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Florence, Italy, will be the capital of circular bioeconomy from 27 to 29 September. The International Forum on Industrial Biotechnology and Bioeconomy (IFIB) will be held in this beautiful city this year at the Innovation Center of Fondazione CR Firence.

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Virgin Atlantic: World first 100% SAF transatlantic flight taxis closer to takeoff

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Virgin Atlantic and Rolls-Royce confirmed the successful Sustainable Aviation Fuel (SAF) blend ground test on the Rolls-Royce Trent 1000 engine. The test marks a key milestone in the project which will see the world’s first 100% SAF flight travel across the Atlantic from London Heathrow to New York JFK on a Boeing 787 Dreamliner, set to take off on 28 November 2023.

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Origin Materials began startup of Origin 1, world’s first commercial CMF plant, in Sarnia

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Origin Materials, California-headquartered carbon negative materials company with a mission to enable the world’s transition to sustainable materials, began startup of Origin 1, the world’s first commercial CMF plant, located in Sarnia, Ontario, in-line with prior guidance.

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The partners of the EU B-Ferst project visiting the Novamont Research Center in Piana di Monte Verna

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On 6 and 7 July, the partners of B-FERST, a project financed by Bio Based Industries Join Undertaking (now CBE JU) under the Horizon 2020 program, met in Caserta to discuss developments in project activities and define the following actions to be undertaken. 

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Eni Sustainable Mobility and PBF Energy announced closing of St. Bernard biorefinery partnership

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Claudio Descalzi, CEO of Eni

Eni Sustainable Mobility Spa and PBF Energy Inc. announced the closing of a 50-50 joint venture partnership in St. Bernard Renewables LLC (SBR), an operating biorefinery co-located with PBF’s Chalmette Refinery in Louisiana (US). PBF’s affiliate contributed the biorefinery and other assets comprising the business to SBR and Eni Sustainable Mobility’s affiliate has committed to make capital reimbursements and contributions totaling $835 million to PBF, of which $431 million was paid at closing. The remainder of the total consideration will be contributed by Eni Sustainable Mobility upon start-up of the pre-treatment unit (“PTU”). An additional $50 million in contingent consideration will be paid by Eni Sustainable Mobility subject to the achievement of certain project milestones and performance criteria.

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Biden Administration released a New Action Plan to expand Biotechnology and Biomanufacturing education and job training programs

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The Biden-Harris Administration released a new action plan to rapidly and equitably expand biotechnology and biomanufacturing education and job training programs in the United States. The action plan accompanies the second round of the Administration’s Investing in America tour, where President Biden, Vice President Harris, First Lady Jill Biden, Cabinet members, and Senior Administration Officials will visit communities benefitting from the historic levels of private sector investments mobilized by the President’s Investing in America Agenda. Since the beginning of the Biden-Harris Administration, private companies have announced $470 billion in manufacturing and clean energy investments, including in biomanufacturing.

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Global Bioenergies’ SAF technology receives ASTM certification

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Marc Delcourt
Marc Delcourt, co-founder and CEO of Global Bioenergies

Global Bioenergies’ process becomes one of the very few Sustainable Aviation Fuel (SAF) technologies in the world certified by ASTM International. Global Bioenergies’ fuel can now be blended up to 50% with fossil kerosene in existing airplanes, the French company claims.

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