LanzaTech has successfully launched LanzaJet to produce sustainable aviation fuel

Jennifer Holmgren at IFIB 2018 in Turin, Italy

LanzaTech, a leading biotech company and carbon recycler headquartered in Illinois (USA), has successfully launched LanzaJet, Inc., a new company that will produce sustainable aviation fuel (SAF) for a sector requiring climate friendly fuel options as it starts to recover from the impacts of COVID-19. With its approach to commercialization of SAF, LanzaJet is creating regional jobs while enabling global decarbonization of the aviation sector.

Continue reading

Mitsui & Co. steps up its bet on BioAmber’s bio-succinic acid plant in Sarnia

image
BioAmber has been listed on the NYSE since May 2013

Mitsui & Co., one of the most diversified and comprehensive trading, investment, and service enterprises in the world (with 140 offices in 66 countries) and BioAmber’s partner in the Sarnia bio-based succinic acid plant, is investing an additional CDN$ 25 million in the joint venture for 10% of the equity, increasing its stake from 30% to 40%. Mitsui will also play a stronger role in the commercialization of bio-succinic acid produced in Sarnia, providing dedicated resources alongside BioAmber’s commercial team. BioAmber will maintain a 60% controlling stake in the joint venture.

Continue reading

Avantium and Mitsui to commercialize 100% biobased chemicals FDCA and PEF in Asia

image
In the middle Tom van Aken, Ceo Avantium, selected by Cleantech Group as European Cleantech Company of the Decade

Avantium, a Dutch scale-up renewable chemicals company that develops and commercializes a next generation biobased chemicals and bioplastic, signed an agreement with Mitsui & Co. to commercialize 100% biobased chemicals FDCA (furandicarboxylic acid) and PEF (polyethylene furandicarboxylate) in Asia. As part of this agreement, Mitsui has been granted a right to pu rchase a sizable volume of FDCA from the first commercial FDCA plant to be constructed by Avantium.

Continue reading