The Eurozone economy expanded by 0.2 percent in the third quarter, official data showed Friday, a slight acceleration that will do little to quell fears that a sluggish Europe is hurting world growth, Agence France-Press reported.
Last Tuesday, Norwegian – the second largest airline in Scandinavia and the third largest low-cost airline in Europe with approximately 4500 employees – carried out its first ever flight with biofuel. Norwegian’s flight DY631 from Bergen to Oslo took off with almost 50 percent biofuel; a flight that emits over 40 percent less than an average flight with regular fuel.
Perstorp, the world leader in ε-polycaprolactones (PCL) technology, marketed under the Capa brand, is stepping up its investment into the fast growing bioplastics market. “World demand is expected to continue to grow at over 20% pa for the foreseeable future, and Capa Thermoplastics are already playing a vital role in enhancing biopolymer performance and biodegradability across a range of bioplastic applications”, Swedish company writes in a note.
The European Union will need a new political framework for rolling out its bio-based economy by 2020 at the latest. The existing framework does not create sufficient market pull for implementing innovative, bio-based technologies. To say it are Michael Carus, Lara Dammer and Roland Essel in the latest policy paper of nova-Institute “Options for Designing a New Political Framework of the European Bio-based Economy – nova-Institute’s contribution to the current debate”.
Reverdia, the joint venture between Royal DSM and Roquette Frères, has earned the USDA Certified Biobased Product Label for its Biosuccinium bio-succinic acid. The USDA Certified Biobased Product Label verifies that the product’s amount of renewable biobased ingredients meets or exceeds levels set by US Department of Agriculture.
Enerkem Inc., a Canadian waste-to-biofuels and chemicals producer, last week signed an agreement with Qingdao City Construction Investment Group Co. Ltd., to develop a project partnership to jointly build a municipal solid waste-to-biofuels facility in Qingdao, China. In this new project partnership, Enerkem will license its exclusive technology to convert local urban waste from China into biofuels and chemicals.
The U.S. Department of Agriculture (USDA) has released a comprehensive report synthesizing current literature that explores opportunities in the emerging bioeconomy. The report, entitled “Why Biobased?”, was created as a precursor for a more comprehensive economic study to be released in the coming months by the USDA BioPreferred program on the economic impacts of the biobased products industry.
Boeing and Commercial Aircraft Corp. of China (COMAC) opened a demonstration facility that will turn waste cooking oil, commonly referred to as “gutter oil” in China, into sustainable aviation biofuel. The two companies estimate that 500 million gallons (1.8 billion liters) of biofuel could be made annually in China from used cooking oil.
The bio-based materials and chemicals industry is poised to attract nearly $1 billion in investment this year, led notably by later-stage funding rounds, according to Lux Research. The estimated $974 million investment represents a 28% increase from 2013, suggesting companies that endured the waves of economic disruption have gained maturity and regained investors’ confidence.
Avantium was recognised in the distinguished Global Cleantech 100 list and awarded as company of the year in Europe and Israel. The company, which is a spin-out from Royal Dutch Shell and is headquartered in The Netherlands, was among a number of bio-based organisations, clearly demonstrating the power of innovation in the renewable chemical sector. The annual selection of 100 top cleantech companies is made from 6,000 companies from 60 countries.
IL BIOECONOMISTA 