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.
Amyris, Inc., the industrial bioscience company headquartered in Emeryville, California, has successfully collaborated with its fragrance partner, Firmenich, the world’s largest privately-owned fragrance and flavor company, to support the development and commercialization of Z11.
Bio-Botanica Inc., a family-owned and operated company, specializing in botanicals for over 45 years and headquartered in Hauppage (New York), has partnered with U.S. biotech company Genomatica to create a new line of botanical extracts using a naturally sourced, sustainably produced butylene glycol. These products, manufactured by Bio- Botanica Inc., feature Genomatica’s proprietary ingredient, Brontide.
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.
Bio-on launched a brand-new line of cosmetic ingredients for sun protection made from its 100% natural and biodegradable bioplastic. The new products are part of the minerv bio cosmetics family of bioplastic micro powders presented in Spring 2017 and designed for cosmetics that respect the environment and human health.
This latest innovation is a series of ultra-green, high-performing SPF (Sun Protection Factor) Boosters designed to improve sun protection products.
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.
Elevance Renewable Sciences, Inc., the Illinois-based company which creates novel, high-performing specialty chemicals from renewable feedstocks, announced the commercial availability of Elevance Soft CG-200, a new plant-based emollient. Made from certified non-GMO coconut oil and Elevance’s soy-based polymer, Elevance Soft CG-200 expands the company’s line of bio-based personal care products.
IL BIOECONOMISTA 