Biochemicals company Circa Group AS has successfully completed a private placement of 575 Norwegian Kroner (NOK) — approximately €56 million — in a transaction led by Pareto Securities and Sparebank 1 Markets in Oslo, at a post-money-market valuation of approximately NOK 2 billion (approximately €194 million).
Representing a progressive approach between two sustainable chemistry leaders, Elementis and NXTLEVVEL Biochem have formed a commercial agreement that will enable them to develop, manufacture and sell a portfolio of bio-based products.
Towell Engineering Group, Muscat, Oman, and GFBiochemicals, Geleen, the Netherlands, announced the formation of a joint venture for the production and marketing of bio-chemicals using GFBiochemicals' proprietary technology.
The U.S. Department of Agriculture's BioPreferred® Program commissioned a report on the impact of bio-based products in the United States, titled "An Economic Impact Analysis of the U.S. Biobased Products Industry: 2018 Update."
Elevance Renewable Sciences Inc. has certified two process residue streams, olefins and saturated heavy methyl esters, produced at its Gresik, Indonesia, bio-refinery as process residue under the International Sustainability and Carbon Certification EU system.
DuPont Industrial Biosciences (DuPont) and Archer Daniels Midland Co. announced the opening of the world's first biobased furan dicarboxylic methyl ester (FDME) pilot production facility in Decatur, Illinois.
Green Biologics Inc., the U.S. subsidiary of Green Biologics Ltd., a U.K. industrial biotechnology and renewable chemicals company, has received REACH certification.
Green Biologics Inc. announced an exclusive collaboration with Jungbunzlauer Ladenburg GmbH, the German operating unit of Jungbunzlauer Suisse AG in Basel, Switzerland.
In conjunction with the Institute for Materials and Wood Technology at the Bern University of Applied Sciences, AVALON Industries is launching a research project to replace formaldehyde in phenol-formaldehyde (PF) resins with biobased, nontoxic platform chemical 5-HMF (5-hydroxymethylfurfural).