US biotech company Genomatica closed $118 million in Series C funding to accelerate the global commercialization and expansion of sustainable materials, with the potential to reduce greenhouse gas emissions by 100 million tons per year. Leading life science investor Novo Holdings led the round, with additional participation by existing and new investors including Viking Global Investors, Casdin Capital and others. Genomatica will use the investment to scale production for its portfolio of products and continue investing in new technologies to amplify the impact of sustainable materials across a range of industries.
Without soil there is not agriculture and without agriculture there is not bioeconomy. The USA celebrates the introduction of the Cultivating Organic Matter through the Promotion of Sustainable Techniques (COMPOST) Act in the U.S. House of Representatives. This far reaching new federal bill aims to proactively advance composting infrastructure and support across the country. Specifically, the proposed legislation would amend the Food Security Act of 1985 to officially define and designate composting as a conservation practice and activity. The US Composting Infrastructure Coalition (USCIC), of which the Institute for Local Self-Reliance is a founding member, played a pivotal role in the development of the bill.
According to the International Press Agency Reuters, President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with the matter said.
The issue pits two of the administration’s important political constituencies against each other: blue-collar refinery workers and farmers who depend on biofuel mandates to prop up a massive market for corn.
It could prompt an about-face for the administration, which had been rolling back former President Donald Trump’s dramatic expansion of waivers for U.S. refiners from the Renewable Fuel Standard.
British Airways is to power future flights with sustainable aviation fuel produced from sustainably sourced ethanol, as part of a new partnership with sustainable jet fuel company LanzaJet. The partnership, which reflects the importance the airline is placing on sustainability and its continued investment in sustainable aviation fuel, will see British Airways invest in LanzaJet’s first commercial scale Freedom Pines Fuels facility in Georgia, USA and acquire cleaner burning sustainable aviation fuel from the plant. It expects the fuel to be available to power a number of its flights by the end of 2022. In addition, the partnership will involve LanzaJet implementing early stage planning and design for a potential commercial facility for British Airways in the UK.
CVR Energy, Inc. subsidiary selected Haldor Topsoe’s HydroFlex technology for revamp to renewable diesel production. CVR Energy, Inc. subsidiary will base a revamp of its Oklahoma, US, refinery on the HydroFlex™technology to produce approximately 100 million gallons of renewable diesel per year. Topsoe will deliver basic engineering, license, proprietary equipment and catalyst for its HydroFlex™ technology.
“The men and women I am announcing today will be core members of my national security, foreign policy, and law enforcement team. They are experienced and crisis-tested. They will keep us safe and secure. And, they are leaders who look like America and reflect my core belief that America is back and that we lead not just by the example of our power, but by the power of our example.
I’m honored to introduce these six extraordinary individuals:
Braskem, producer of polyolefins and biopolymers, is meeting the polypropylene raw material needs of medical manufacturing customers for the production of respiratory masks as well as protective medical gear.
“The key concern is that there is no time to wait. We must act now and while countries are starting to make changes to drive a low carbon future, more needs to be done quickly. We need to take more risks and move more quickly. We need to realize the bigger risk is not acting quickly enough”. Jennifer Holmgren talks to Il Bioeconomista. In this exclusive interview, the CEO of LanzaTech gives us her point of view regarding the climate crisis and the ‘carbonsmart’ revolution that the Illinois-based company is leading at global scale.
Interview by Mario Bonaccorso
Gevo Inc., a leading renewable fuels and chemicals manufacturer, signed a Fuel Sales Agreement with Scandinavian Airline System (SAS) to produce and supply sustainable aviation fuel (SAF) for use and distribution in low carbon fuel regions of the United States. With the finalization of this new supply contract, Gevo will supply SAF to SAS from Gevo’s expanded Luverne, Minnesota plant, which is expected to be constructed over the next several years.
According to Thomson Reuters, “corn farmers, ethanol producers, refinery representatives, energy traders and state and local officials from the Midwest all blasted away at the Trump administration’s proposed biofuels plan for next year during a public hearing on Wednesday hosted by the U.S. Environmental Protection Agency (EPA).”