Circa Group AS takes a step forward. The ReSolute™ project in France – the Australian company claims – has continued to progress well, with significant work undertaken to ensure plant costs are kept within updated estimates. In early Q1 2022 Circa announced €8.2 million in funding from the French government for the development of the ReSolute™ plant in Eastern France as part of the ‘France Relance’ programme.
Chevron Corporation and Renewable Energy Group, Inc. announced yesterday a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share. The acquisition combines REG’s growing renewable fuels production and leading feedstock capabilities with Chevron’s large manufacturing, distribution and commercial marketing position.
Stora Enso and Picadeli, Europe’s leading take-away salad bar company, are introducing renewable formed fiber lids to replace single-use plastics in take-away packaging. The lids are made of PureFiber™ by Stora Enso, and they are plastic-free, recyclable, and biodegradable. The innovation will help Picadeli reduce approximately 120 tonnes of plastic waste annually.
The European Circular Bioeconomy Fund (ECBF) is oversubscribed with a total of approximately €300 million (targeted initially 250). With the final closing of the subscription, the international team of the ECBF was able to gain the trust of further investors for the implementation of its mission.
Versalis, Eni’s chemical company, has begun the production of bioethanol from lignocellulosic biomass at Crescentino (Vercelli, North-western Italy). The plant, which was acquired in 2018, has been overhauled thanks to major investments and has started the production of advanced bioethanol, in compliance with the European legislation for the development of renewable energy RED II, as it is derived from raw materials that do not interfere with the food chain.
“The science is very clear that it’s impossible to meet our climate targets without reducing animal agriculture. A study led by Oxford University found that – even if fossil fuel emissions were eliminated immediately – the world cannot meet its Paris Agreement targets without shifting away from conventional animal agriculture. Plant-based and cultivated meat let people keep eating the steaks, sausages and meatballs they love with a fraction of the environmental impact, and they free up space for more sustainable farming practices.” To say it – in this interview with Il Bioeconomista – is Alex Holst, senior policy manager at the Good Food Institute Europe. He talks about the role of plant-based and cultivated meat in limiting our impact on climate change.
Interview by Mario Bonaccorso
French company Global Bioenergies has developed a process for converting plant resources into isobutene, one of the main building blocks of chemistry, whose derivatives are used in cosmetics, fine chemicals, commodities and fuels. A production unit is currently under construction in Pomacle to serve high value-added markets.
German specialty chemicals company Lanxess, and Matrìca, Italian JV between Versalis (Eni) and Novamont, have partnered to produce sustainable biocide preservatives from renewable raw materials. The Matrìca plant at Porto Torres (Sardinia) will supply Lanxess with bio-based raw materials from vegetable oils, which Lanxess will use to manufacture a new series of industrial preservatives broadening its Preventol range.
Chris Patermann is considered as the father of the European bioeconomy and is still a central figure in the world bioeconomy community. In this exclusive interview with Il Bioeconomista, he talks – 10 years after the first Bioeconomy strategy launched by the European Commission – about the new challenges we are facing to make the new economy based on biological resources happen.
Interview by Mario Bonaccorso
DSM, a global purpose-led science-based company, completed its acquisition of Vestkorn Milling for an enterprise value of €65 million. This acquisition of one of Europe’s leading producers of pea- and bean-derived ingredients for plant-based protein products was first announced on 29 November 2021.
IL BIOECONOMISTA 