BioAmber Inc. filed a voluntary petition for relief under chapter 11 of the United States Bankruptcy Code and that its two Canadian subsidiaries, BioAmber Sarnia Inc. and BioAmber Canada Inc., filed a Notice of Intention to make a proposal under the Bankruptcy and Insolvency Act (Canada), with a view to strengthening the company’s financial health and solidifying its long-term business prospects.
The U.S. Department of Agriculture (USDA) released a new report on the bioeconomy, “Indicators of the U.S. Biobased Economy”, which measures substantial economic growth, job creation, and household income for the agricultural sector from biofuel and bioenergy production. Moreover, it indicates great potential for additional prosperity from future growth in renewable chemicals and biobased products. BIO, the U.S. Biotechnology Innovation Organization, calculates that the global economic value of the biobased economy – including industrial biotechnology, renewable chemicals and polymers, biofuels, enzymes and biobased materials – is $355.28 billion.
The Vivergo plant has re-opened following a four-month shut-down period following unfavourable trading conditions; in part – according to the British company – “driven by Government inaction on the future of renewable fuels and current market conditions”. It was closed in November and has been conducting maintenance and upgrade work during the closed period.
Over the coming months, it is hoped that conditions will improve as a result of the RTFO being passed through Parliament in March. This will come into effect later this month, increasing the use of renewable fuels in transport from 4.75% to a target of 9.75% by 2020.
Celtic Renewables Ltd, the innovative Scottish start-up providing next generation biofuel, is building a commercial demonstrator plant, which will produce over half a million litres of biofuel each year.
Around 700 high-ranking representatives from politics, science, civil society and the business sector and from more than 70 countries met in Berlin, Germany, from 19 to 20 April to discuss the latest developments and challenges in the global bioeconomy. This was the second time that German Bioeconomy Council had organized the Global Bioeconomy Summit in the German capital. “We created an event format in the Global Bioeconomy Summit that succeeds in bringing together broad international expertise on bioeconomy, innovation, biodiversity and sustainability.
Berlin will be the world capital of bioeconomy. Around 800 experts from more than 70 countries are expected to participate in the second Global Bioeconomy Summit in the German capital city. High-ranking representatives from politics, science, civil society and the business sector will meet from 19 to 20 April to discuss the latest bioeconomy developments. In focus: opportunities and challenges for an increasingly biobased and sustainable economy.
For the second time, the German Bioeconomy Council, with the financial support of the Federal Ministry of Education and Research (BMBF), has invited experts on bioeconomy, innovation and sustainability from all over the world to Berlin.
With the Food is Precious initiative IKEA aims to cut food waste by 50% in all IKEA stores by August 2020. A little more than a year since the roll out of the initiative IKEA has diminished food waste that is equivalent to one million meals.To put that into a context; one million meals could feed one thousand people for a whole year.
The University of York is to lead on a £5million project to develop the bioeconomy across Yorkshire, the Humber region and the Tees Valley. The THYME project – this is its name – will build on the existing expertise and innovation in the region in a new collaboration between the Universities of York, Hull and Teesside. Those involved in the three year project say the funding will boost the region’s economy, create jobs and deliver major environmental benefits.
An Open-innovation Platform to strengthen cooperation and joint development of bio-based industries and downstream sectors. This is BIOPEN, the European open-innovation platform that will support bioeconomy stakeholders to succeed, offering them new ways to accelerate the production of their sustainable and competitive bio-based products.
U.S. environmental group the League of Conservation Voters launched a $2 million campaign to press this year’s candidates for state and local office to embrace clean energy, citing a lack of leadership on the issue in Washington.
According to the International press agency Reuters, the effort seeks to tap into increasing local-level leadership on climate change since President Donald Trump took office on a vow to roll back environmental regulation and promote fossil fuels production.
IL BIOECONOMISTA 