Category: M&A, Corporate and Financial News
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Bio-on and Danimer Scientific: The Short Sellers Who Worked Together
Records reveal professional connections among short sellers linked to Bio-on and Danimer, while providing no proof of coordinated trading.
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Solvay Earnings Fall 26.6% in Third Quarter
Solvay reported €173 million in third-quarter EBITDA, down 26.6% organically, as weak soda ash demand and disruptions weighed on results.
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Nippon Shokubai Acquires GOO Chemical for ¥20 Billion
Nippon Shokubai acquires Japan’s GOO Chemical for ¥20 billion, strengthening its semiconductor materials and specialty chemicals portfolio and global reach.
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Chemours Net Profit Jumps to $196 Million
Chemours reports $196 million in quarterly net profit, helped by PFAS insurance proceeds, as sales increase to $1.54 billion overall.
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Clariant Sales Rise 5.6% as Profit Margin Narrows
Swiss chemicals group Clariant reports third-quarter sales growth of 5.6% in local currencies, while its adjusted EBITDA profit margin declines.
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INEOS Petrochemical Earnings Plunge 60% Quarter-on-Quarter
INEOS Quattro earnings fell 60% quarter-on-quarter as weak European chemical demand, lower prices and renewed Asian competition pressured profitability.
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Thai Chemical Giants Merge to Challenge China
Thailand’s PTTGC and SCGC plan a petrochemical joint venture targeting global top-ten scale as Chinese overcapacity pressures regional plastics producers.
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Oil Majors Make Billions but Refuse to Build Refineries
Five oil giants earned $56.3 billion in quarterly profits but remain reluctant to build refineries despite tight fuel supplies worldwide.
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Versalis: 43% Production, 57% Green Bullshit
Italian chemical giant Versalis operates at just 43% capacity, raising serious concerns about industrial decline, competitiveness, jobs and Eni’s strategy.
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The History and Future of Avantium
After 26 years, hundreds of millions in investment and substantial public subsidies, Avantium is raising another €55 million. We examine…
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ENI and the Brindisi Fiasco
How do you sell a petrochemical cracker after shutting down the industrial ecosystem that makes it valuable? ENI’s restructuring in…
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Eni Doubles Profits, Raises Dividend and Share Buybacks
Eni doubles quarterly profits to €2.8 billion, announces €1.3 billion special dividend and raises share buybacks to €3.8 billion.
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AkzoNobel and Axalta Unveil Axanzo as New Coatings Giant
AkzoNobel and Axalta unveil Axanzo, their planned $25 billion coatings giant, combining approximately 100 brands across more than 160 countries.
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Eni Sells Stakes in Indonesian Oil and Gas Projects
Eni sells stakes in Indonesian oil and gas projects to local companies, strengthening domestic ownership while maintaining its regional presence.
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Germany’s Planned Plastics Tax Faces Industry Opposition
Germany plans a €550-per-tonne tax on plastic packaging from July 2027, prompting industry warnings about costs, bureaucracy and recycling investment.
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BASF Considers Bigger Bid for Evonik
BASF considers raising its €10.3 billion offer to acquire German rival Evonik, potentially reshaping Europe’s chemical industry amid growing competition.
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African Investors Struggle to Buy Shares in Dangote’s Refinery
Dangote’s refinery seeks $1.6 billion from investors, but fragmented African financial regulations make buying shares difficult across national borders.
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Shell Buys 30% Stake in Canadian Offshore Oil Project
Shell acquires 30% of Canada’s Bay du Nord offshore oil project, targeting production of up to 175,000 barrels daily by…
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Carlyle Abandons $22 Billion Lukoil Deal
US investment firm Carlyle walks away from buying Russian oil giant Lukoil’s foreign assets as American sanctions complicate the sale.
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Iraq Earns $5 Billion a Month from Oil Exports
Iraq generates up to $5 billion monthly from oil exports, maintaining strong revenues despite regional tensions and disruptions to production.
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The Most-Read Article of the Last 30 Days
BioAmber remains the most-read page on Bioplastics News over the last 30 days, years after the company’s bankruptcy.
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Thai Chemical Leaders Move Toward Mega-Merger
Thai petrochemical giants PTT GC and SCGC advance a massive joint venture, aiming to finalize the mega-merger terms by October.
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Trinseo is undergoing Chapter 11 bankruptcy restructuring
Trinseo’s Chapter 11 restructuring has hit delays as disputes between lender groups move into mediation. The plastics and specialty materials…
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Restructuring at Aramco
Aramco weighs a major gas restructuring and possible Arlanxeo sale as it reshapes its energy, chemicals and downstream portfolio.
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Evonik rejects BASF offer
BASF approaches Evonik with a €10.3 billion takeover offer, but the German chemicals group rejects the proposal as too low.
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TotalEnergies Board Backs CEO for Another Mandate
TotalEnergies’ board backs Patrick Pouyanné for another mandate as Les Echos highlights five achievements that shaped his leadership.
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BASF Should Buy Evonik: Europe Needs a Chemical Champion
BASF confirms exploratory talks regarding potential takeover of Evonik
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Inside Eni’s Offshore Holdings and Fiscal Construction
Eni’s foreign holding structures raise questions about why Libyan assets flow through Dutch entities, taxation, transparency and where profits ultimately…
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Braskem Ownership Changes Hands
Braskem’s ownership is changing as IG4 takes over Novonor’s stake, while Petrobras remains a major shareholder amid financial pressure.
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BASF Starts Breaking Itself Up
BASF prepares an Agricultural Solutions IPO as restructuring accelerates, potentially reshaping one of Europe’s biggest and most important chemical groups.
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SABIC Decides European Petrochemicals Aren’t Worth It Anymore
SABIC is selling its European petrochemicals business as weak demand, high costs and global competition pressure the region’s downstream industry.
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Braskem’s Debt Crisis Deepens
Braskem’s debt restructuring depends on securing enough creditor support, leaving the Brazilian plastics giant facing renewed financial uncertainty.
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TotalEnergies Takes Full Control of Plastic-to-Oil Plant
TotalEnergies takes full control of Grandpuits plastic pyrolysis, converting difficult waste into synthetic oil for producing new plastics.
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Canada Gets a New Oil Giant
Tamarack Valley and Headwater are merging in a C$10 billion deal, creating a major new Canadian crude oil producer.
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Chemical Recycling Crisis Deepens in Europe
Chemical recycling projects across Europe face closures, delays and investment pauses as weak economics and regulatory uncertainty challenge industry ambitions.
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Anellotech Goes Bankrupt: Another Advanced Recycling Dream Collapses
Anellotech is liquidating after nearly two decades developing technologies to convert biomass and plastic waste into petrochemical feedstocks. The US…
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War Hits Arab Petrochemical Giants
Middle Eastern petrochemical producers took a direct hit from the regional war. Saudi Arabia’s SABIC saw operating income fall 27%,…
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Japan Resonac Dumps Petrochemicals on Shareholders
Resonac separates its petrochemicals operations, handing control of Crasus to shareholders as the Japanese group shifts towards higher-value businesses.
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Plastic Giant Braskem Drowns in $11 Billion Debt
Mounting debt, cheaper imports and shrinking market share are pushing one of Latin America’s largest petrochemical producers into financial restructuring.
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Braskem Makes Money but Can’t Pay the Bills
Braskem is making money again, but a massive $10.9 billion debt burden shows why profits alone cannot fix the petrochemical…
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Shell to sell European Chemicals Business
Shell considers selling its European and US chemical assets as weak margins, high costs and declining competitiveness reshape the future…
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Shell Sells European Renewables — and It Makes Perfect Sense
Shell has agreed to sell its European onshore renewables business to TotalEnergies as the British energy major continues to reshape…
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Novamont Lost €70 Million in 2025
According to Eni’s 2025 Annual Report, Novamont recorded a net loss of approximately €70 million in 2025. That’s a €110…
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EU agricultural subsidies for Royal UAE family
Talking about misallocation of EU funding.
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Eni and Versalis — The Crescentino Bioethanol and the R&D Credit Grey Zone
The Crescentino Question: Versalis, Proesa® and the Grey Zone of Italy’s R&D Tax Credits
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The Governance Risk Inside ENI’s Versalis Strategy and the Novamont Deal
ENI, Versalis and the Governance Questions Behind the Novamont Deal
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Five Article 2446 Triggers at Versalis Raise Questions About ENI’s Disclosure Practices
Five Article 2446 Triggers at Versalis Raise Questions About ENI’s Disclosure Practices
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Origin Materials to stop operations
Another one bites the dust.
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Why Is ENI Receiving Major EU Financing Amid Legal and Antitrust Scrutiny? (Updated)
The €1.2 Billion Question: Why Is ENI Receiving Major EU Financing Amid Legal and Antitrust Scrutiny?
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The Novamont Takeover: How Losses, Litigation and Strategic Control Ended in Eni’s Hands
The Novamont Takeover: How Losses, Litigation and Strategic Control Ended in Eni’s Hands
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The Fall of Versalis? How €7 Billion in Losses Came Before a €2 Billion Rescue
Eni says Europe’s chemicals sector is in “structural and irreversible decline.” Investors now face a fresh €2 billion turnaround gamble.
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European Economic and Social Committee in the middle of corruption scandal
The secretary general has been accused of misappropriating public funds and channeling contracts to her friends and family.
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Public Money for Big Oil? Questions Sent to the EIB About Its Financing of ENI
Public Money for Big Oil? Questions Sent to the European Investment Bank About Its Financing of ENI
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EU is losing the global competition by betting on Bio-economy
Here’s a summary of global competition based on McKinsey insights.
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Vioneo Bioplastics says no to EU hundred millions subsidy
Vioneo would rather be sent to the moon than having to deal with communist European Commission 😂
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Response to attacks against Carbios and its executives
Clermont-Ferrand (France), March 4, 2026 (8:45 a.m. CET). Carbios (Euronext Growth Paris : ALCRB) denounces the destabilization operation to which it…
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Syensqo Shares collapse on stock exchange
Syensqo Shares lost 36 % in 2 sessions.
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ENI is best performer on the Italian Stock Exchange
ENI had a super good year on the stock exchange. ENI’s share were one of the best in the European…
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Sealed Air to be Acquired by CD&R for $10.3 Billion
https://www.prnewswire.com/news-releases/sealed-air-to-be-acquired-by-cdr-for-10-3-billion-302617038.html
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Agilyx investment transaction in GreenDot completed
https://www.agilyx.com/agilyx-investment-transaction-in-greendot-completed
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Tipa acquires Sealpap
https://www.labelsandlabeling.com/news/ma/tipa-acquires-sealpap
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Honeywell Completes Spin-Off of Solstice Advanced Materials
https://www.honeywell.com/us/en/press/2025/10/honeywell-completes-spin-off-of-solstice-advanced-materials
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Erg Bio Raises $6.5M to Enable a Bioeconomy Built on Non-Food, Widely Available Biomass
https://www.synbiobeta.com/read/erg-bio-6-5-million-seed-for-aviation-fuels
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Dynamics of European Financial Markets explained (Video)
The financial markets were made so complex to make sure nobody understands how they really work and to enable the…
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How China bought French Vencorex?
What happened with Vencorex? What about Covestro AG? Summary What happened to the Vencorex patents? The French government allowed all…
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Neste to receive EU Innovation Fund support for developing a new co-processing technology
https://www.neste.com/news/neste-to-receive-eu-innovation-fund-support-for-developing-a-new-co-processing-technology
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Australia’s Uluu Nets $10.5M to Make Fossil-Free Plastics with Seaweed
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ENI merges Novamont with Matricia
Sometimes I wonder if Matricia was a project created to obtain millions in EU funding. Follow the money. Who benefited…
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ADNOC Nears EU Approval for €14.7B Covestro Takeover
EU chemical industry is falling apart. Europe will soon have no chemical industrial assets. The EU should block this decision.…
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Aduro reports decline in sales for first quarter 2026
https://www.wastetodaymagazine.com/news/aduro-reports-decline-in-sales-for-first-quarter-2026
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Agilyx investment transaction in GreenDot completed
https://www.prnewswire.com/news-releases/agilyx-investment-transaction-in-greendot-completed-302586321.html
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A fiscal incentive program to produce sustainable aviation fuel from used cooking oil in Indonesia
A fiscal incentive program to produce sustainable aviation fuel from used cooking oil in Indonesia
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BASF and Carlyle reach binding transaction agreement on coatings business to create a leading standalone company
https://www.basf.com/global/en/media/news-releases/2025/10/p-25-203?WT.mc_id=P_203e
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Bio-based coatings to face havoc
A discrete news items that tells a lot.
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Shell abandons biofuel project in Rotterdam
https://www.hydrocarbonprocessing.com/news/2025/10/update-shell-to-take-600-mm-hit-from-scrapped-rotterdam-biofuels-project
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BASF presents progress on “Winning Ways” strategy
https://www.basf.com/global/en/media/news-releases/2025/10/p-25-196?WT.mc_id=P_196e
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NEXE Innovations Reports Q4 and Fiscal 2025 Results
https://fox5sandiego.com/business/press-releases/globenewswire/9537167/nexe-innovations-reports-q4-and-fiscal-2025-results-expands-partnerships-delivers-repeat-orders-and-maintains-strong-financial-position
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Solvay is shutting down EU facilities in response to weak demand and high energy costs
European citizens wanted to move forward after the covid crisis, but Ursula von der Frankestein (EU Commission) had other plans.…
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Solvay / Syensqo CEO Kadri fired
DISCLAIMER: First of all, I apologise for the tone of voice and vocabulary I’ll be using to describe the “legacy”…
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Closed Loop Partners loans $10 Million Loan to Canadian Molecular Recycling Company GreenMantra Technologies
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Advocates push bill to shift packaging waste costs to producers to reduce plastics & trash
https://www.waer.org/news/2025-09-22/advocates-push-bill-to-shift-packaging-waste-costs-to-producers-to-reduce-plastics-trash
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Minderoo Foundation invests €5 million to accelerate ocean innovation and impact
https://www.minderoo.org/media/minderoo-foundation-invests-5-million-to-accelerate-ocean-innovation-and-impact
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CBE JU call closes with 248 project proposals submitted
https://www.cbe.europa.eu/news/cbe-ju-call-closes-248-project-proposals-submitted
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Portugal to invest €30 million to strengthen recycling and waste recovery
Translated by Google Translate Notice of the Environmental Fund, financed by the PRR and framed within REPowerEU, supports the installation…
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Indika Energy establishes new subsidiary in bio-based chemical industry
https://indonesiabusinesspost.com/5171/corporate-affairs/indika-energy-establishes-new-subsidiary-in-bio-based-chemical-industry
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Bioweg raises EUR16 million to drive sustainable alternatives to microplastics
https://www.premiumbeautynews.com/en/bioweg-raises-eur16-million-to,26329
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Avantium Announces the Successful Completion of its €84.8 million Equity Raise
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Singapore’s Greenitio has closed a $1.5 million seed funding round to turn mushroom-based chitosan into functional biopolymers for cosmetics and specialty chemicals.
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Cascade Bio Secures $6M to Scale Breakthrough Biocatalysts
https://lasvegassun.com/news/2025/sep/09/cascade-bio-secures-6m-to-scale-breakthrough-bioca
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Xampla secures USD14 million new investment
https://www.premiumbeautynews.com/en/plastic-alternatives-xampla,26259#
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ENI launched a new company to manage its oilfield chemicals business
ENI is preparing to get rid of Versalis by peeling off profitable assets
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Is Avantium a ponzi scheme?
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Avantium Announces Half Year 2025 Results
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One World Products Expands Eco Bio Plastics Division
https://finance.yahoo.com/news/isiah-thomas-one-world-products-142041614.html
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Policy shifts drive investment in fresh packaging solutions
https://www.pressreader.com/vietnam/vietnam-investment-review-9bbd/20250825/281706915785795
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Netherlands offers subsidies to switch to recycled, bio content
https://www.sustainableplastics.com/news/netherlands-offers-subsidies-switch-recycled-bio-content
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Eden Materials turns farm waste into affordable bioplastics to disrupt $700B plastics market
https://www.calcalistech.com/ctechnews/article/05y3u03jx
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Avantium close to bankruptcy
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One World Products Acquires Eco Bio Plastics, Advancing U.S. Manufacturing and Sustainable Packaging Innovation
https://www.newmediawire.com/news/one-world-products-acquires-eco-bio-plastics-advancing-u-s-manufacturing-and-sustainable-packaging-innovation-7081311
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AmphiStar Secures €12.5m EIC Funding to Bring its Biosurfactants to Market
Latest reports
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Bio-on and Danimer Scientific: The Short Sellers Who Worked Together
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Danimer Scientific: Short Sellers, Class Actions and the Collapse of a PHA Pioneer
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Iraq Trucks Oil Through Syria to Bypass Strait of Hormuz
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Bio-on Founder Challenges Conviction Ahead of Appeal
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European Bioplastics and Novamont: Inside the Campaign Against a Competing Plastics Technology