Amyris, Inc., a US leading synthetic biotechnology company, completed the previously announced strategic transaction with Givaudan SA for the worldwide exclusive licensing of certain cosmetic ingredients, including Neossance® Squalane, the highest performant emollient, Neossance® Hemisqualane, the plant-based silicone alternative, and CleanScreen™, the sustainable sun protector.
Versalis, Eni’s chemical company and 36% shareholder of Novamont, and Mater-Bi, a company controlled by Investitori Associati II and NB Renaissance, shareholder of Novamont’s remaining 64%, announce exclusive negotiations to finalise the acquisition by Versalis of Novamont’s entire share package.
L’Oréal invested in a venture led by Geno, the California-headquartered biotechnology company, to create sustainable alternatives to key ingredients in beauty products. The French multinational company will be a founding member of the venture alongside Unilever and Kao.
Avantium N.V., a leading technology provider in renewable chemistry, signed an offtake agreement with Kvadrat A/S, a leader in design innovation, producing quality contemporary textiles and textile related products for architects, designers, and private consumers across the world.
Neste, Airbus, Safran Engines and Microflite, a leading Australian helicopter operator, have jointly operated Australia’s first helicopter flights using sustainable aviation fuel (SAF). On this demonstration flight, an Airbus H130 helicopter powered by a Safran Arriel 2D engine used blended sustainable aviation fuel (SAF) supplied by Neste.
OrthoLite, the global leader of sustainable, performance and comfort insoles and footwear materials solutions, and Novamont, the international leader in the development, production and eco-design of biodegradable and compostable bioplastics and biochemicals, joined forces for the creation of OrthoLite Cirql™, the world’s first circular foam material solution for footwear.
Fulcrum BioEnergy, Ltd. – the United Kingdom subsidiary of Fulcrum BioEnergy, a US-headquartered clean energy company pioneering the creation of renewable, drop-in transportation fuels from landfill waste – received a grant of approximately £16.8 million, USD $20.2 million, from the UK Department for Transport Advanced Fuels Fund. The grant, which runs through to 2025, will support development of Fulcrum NorthPoint, a residual waste to sustainable aviation fuel (SAF) facility which will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire in North West of England. Funds from the grant will be utilized to fund engineering activities for the plant, which is expected to have the capacity to transform about 600,000 tonnes of residual waste into approximately 100 million liters of low-carbon SAF per year when it enters operations in 2027.
According to the International Labour Organization (ILO), around the world finding a job is much tougher for women than it is for men. When women are employed, they tend to work in low-quality jobs in vulnerable conditions and there is little improvement forecast in the near future. The current global labour force participation rate for women is close to 46% (for men it is 71%, according to the International Labour Organization). The freedom to work – by choice, in conditions of dignity, safety and fairness – is integral to human welfare.
Eni Sustainable Mobility and Saipem have signed a Memorandum of Understanding (MoU) with the aim of employing biofuels on Saipem’s drilling and construction naval vessels, with particular attention to operations in the Mediterranean Sea. Saipem has a global fleet consisting of 45 vessels for construction and drilling.
Avantium, a Dutch leading technology company in renewable chemistry, and Origin Materials, a leading sustainable materials company based in the USA, joined forces to accelerate the mass production of FDCA and PEF for use in advanced chemicals and plastics. The partnership aims to bring the technology platforms of both companies together in order to produce FDCA from sustainable wood residues on an industrial scale. FDCA (furandicarboxylic acid) is the key building block for the biopolymer PEF (polyethylene furanoate) – a 100% plant-based, fully recyclable plastic material, with superior functionality and a significantly reduced carbon footprint compared to conventional plastics. PEF can be used in a wide range of applications such as bottles, packaging, films, fibers and textiles, which represent major end-markets.
IL BIOECONOMISTA 