There is a new partnership in the Italian bioeconomy. Bio-on, a leading player in the new eco-sustainable chemical industry, signed a strategic agreement with Kartell, through its parent company Felofin which takes a 2% stake in Bio-on with a 10 million euro investment.
Metabolix, an U.S. advanced biomaterials company focused on sustainable solutions for the plastics industry, announced that it has entered into a Memorandum of Understanding with CJ CheilJedang Corporation (“CJ”) for a strategic commercial manufacturing arrangement for specialty PHAs, including the Company’s newly launched amorphous PHA (“a-PHA”).
CJ CheilJedang is a Korean-based food, feed, and bioscience company, and a subsidiary of the CJ Group. It is a global leader in the area of industrial biotechnology with innovations in fermentation and purification technologies.
Bio-on and SECI Spa, part of Gruppo Industriale Maccaferri holding, signed an agreement to build the world’s first facility for the production of PHAs bioplastic from biodiesel production co-products, namely glycerol. The two companies will work together to build a production site with a 5 thousand tons/year output, expandable to 10 thousand tons/year.
An agreement signed yesterday by Italian biotech company Bio-on and Cristal Union will see France’s first facility for the production of PHAs bioplastic from sugar beet co-products.
The two companies, operating in sustainable biochemistry and sugar, alcohol and bioethanol production, will work together to build a production site with a 5 thousand tons/year output, expandable to 10 thousand tons/year.