Category: M&A, Corporate and Financial News
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PlantSwitch closes $8M bridge financing round
Advanced Biobased Materials Company PlantSwitch Gets Support for Commercialization
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Lignin Industries AB raises funds for bioplastics
Lignin Industries raises 25 million SEK in new share issue
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DOE to Fund Mixed Algae and Wet Waste Feedstocks R&D for Bioproducts
Department of Energy Issues Notice of Intent to Fund Mixed Algae and Wet Waste Feedstocks R&D for Biofuels and Bioproducts
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Invizyne Technologies files $17 million IPO
Biomanufacturing company Invizyne Technologies files and sets terms for a $17 million IPO
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Syensqo invests in green solvents start-up
Syensqo invests in Bioeutectics, a start-up producing green solvents
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Hedge Funds tells BP to stop investments in renewables
Hedge Funds tells BP to stop investments in renewables
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World Bank issues bond to finance plastic recycling
Tackling the Plastics Pollution Crisis by Channeling Private Capital to Projects that Reduce Plastic Waste
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Xampla secures $7m funding to advance plastic elimination
Next-generation materials company Xampla has successfully completed a funding round raising US$7 million.
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Paques Biomaterials raises 14 Mln for bioplastics
Company raises €14 million for production of biodegradable alternative to plastics
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Danimer Scientific Announces New Directors
Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading, next-generation bioplastics company focused on the production of biodegradable materials, is pleased to announce that Dr. David Moody and Mr. Richard Altice have been appointed as members of Danimer’s Board of Directors. Dr. Moody’s appointment is effective immediately, and Mr. Altice’s appointment is effective as…
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Paptic raises €27.5M for wood-based fiber flexible packaging
Paptic successfully closed the 2023 growth financing round; EUR 27.5 million was raised to accelerate global growth and ability to serve global customers
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Cyclyx Reaches Investment Milestone for its First Circularity Center
Houston-based facility will have the capacity to produce 300 million pounds of plastic feedstock per year for recycling
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Genera Announces $340+ M investment in Biomaterials
The investment will expand Genera’s manufacturing, production and distribution operations of its circular, compostable packaging solutions and biomaterials
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FA Bio secures £5.3m investment
FA Bio secures £5.3m investment from Clean Growth Fund, Pymwymic and Ship2B Ventures
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Infinity Recycling’s Circular Plastics Fund reaches €135 million
Infinity Recycling (“IRC”), an growth capital platform investing in circular economy solutions, is pleased to announce the fifth close of its Circular Plastics Fund I SCSp (“CPF”) in December 2023. With the onboarding of three new institutional Limited Partners, the fund has reached EUR 135 million in committed capital from a wide range of institutional investors based in Europe and…
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Singapore VC invests in Japanese bioplastic startup
Singapore’s Purpose VC invests in Japanese bioplastic startup Bioworks
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Lingrove Secures $10 M for plant-based interiors
Lingrove Secures $10 Million in Financing to Ramp up Production of ekoa® – Plant-based Surfaces and Panels for Climate-friendly, Healthy Interiors
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Sqim secures € 11 M for industrialization of mycelium technology
SQIM, formerly known as MOGU SRL, has successfully closed a €11 Million funding round.
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Lummus invests in Resynergi chemical recycling
Investment in Resynergi will scale groundbreaking microwave pyrolysis technology that converts plastic waste to clean, high-quality, environmentally friendly reusable material
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Sudpack acquires majority stake in Carboliq
Film Manufacturer SÜDPACK Acquires Majority Stake in CARBOLIQ Chemical Plastics Recycling
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LyondellBasell Advanced Recycling Project Selected For EU Innovation Fund Grant
LyondellBasell (LYB) has been selected to receive a €40 million grant from the European Union (EU) Innovation Fund.
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EU tax payer money invested in dead end packaging innovations
CBE JU is throwing millions of tax payer money in dead end projects says EUobserver
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Metsä Group invests in startup FineCell
Metsä Group invests in startup FineCell that produces pulp-based materials for beauty, healthcare, and paint products
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Boreal Bioproducts secures €2M Pre-A funding
Finland’s Montinutra, now rebranded as Boreal Bioproducts®, secures €2M Pre-A for eco-friendly chemical innovation
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University of Sydney funded for chemical recycling research
University to share in $40 million to combat plastic waste
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Octarine Bio raises €4.35M for bio-based dyes
Octarine Bio raises €4.35M to paint a green future for the fashion industry; here’s how
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Clariant shuts its sunliquid bioethanol plant in Romania
Strategic review concluded: Board of Directors has decided to close bioethanol plant in Podari, Romania, and to downsize related activities in Germany
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Floreon secures £2 million investment (FREE)
World’s first low-energy bioplastics developed with the University of Sheffield raises £2 million investment — Floreon is one of my favourite bioplastic startup. This is a FREE article
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Danimer Scientific Announces Third Quarter 2023 Results
PHA-Based Product Revenue Grows 58% vs. Prior Year
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Yield10 Bioscience Announces Third Quarter 2023 Financial Results
Yield10 Bioscience, Inc. (Nasdaq:YTEN) (“Yield10” or the “Company”), an agricultural bioscience company, today reported financial results for the three and nine months ended September 30, 2023.
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ZymoChem Awarded $4MM for Bio-Based Polymers production
ZymoChem Awarded $4MM from U.S. Department of Energy to Advance Production of Affordable and Effective Bio-Based Polymers
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Vertoro secures EU funding
Vertoro already makes renewable fuel for shipping, but will also focus on other applications.
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Agilyx stock market update
This news is not supposed to be circulating internationally.
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Aquapak appoints new COO
Aquapak Appoints Tom Barrett As Chief Operating Officer To Support Global Growth
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Gozen raises $3.3 million for bio-leather
GOZEN, the revolutionary biomaterials startup that is set to disrupt the fashion, automotive and home furnishings industries, has just announced $3.3 million in a seed funding round.
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Notpla lands £1 million grant
Notpla, which is developing seaweed-based alternatives to plastic has been awarded a £1 million grant by Innovate UK.
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Algenesis secures new funding
Plant-based material science company Algenesis secures new funding to scale production and fight climate change
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LyondellBasell acquires 25% of Cyclyx
LyondellBasell acquires 25% of Cyclyx joint venture, joining Agilyx and ExxonMobil to accelerate plastic waste recycling
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Dutch project BIOTTEK aims to develop new biopolyester with 6.6 million EUR investment
A consortium of Senbis and Dutch universities and research institutes plans to invest 6.6 million EUR in the development of a new biodegradable polyester The consortium receives a 3.3 million EUR grant through the European Just Transition Funds ( JTF).
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Alberta agency funds local research projects to advance farming techniques
Innovation funding supports strong agriculture, bioindustry sectors
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Alibaba-backed Ecoinno seeks millions to expand capacity
Alibaba-backed Hong Kong compostable tableware maker Ecoinno seeks US$48 million to expand capacity
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Global Bioenergies receives government funding for isobutene plant
French government awards Global Bioenergies €16.4 million to help fund construction of the world’s first biosourced isobutene plant
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BAT invests in FlexSea
Btomorrow Ventures (BTV) – BAT’s corporate capital venture arm – invests in sustainable packaging and bioplastics company FlexSea.
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Aquapak joins WRAP and the UK Plastics Pact
Aquapak Polymers Ltd, which specialises in polymer-based material technologies that can deliver both performance and environmental responsibility at scale, has today announced that it has joined WRAP (Waste & Resources Action Programme), the climate action NGO which works around the globe to tackle the causes of the climate crisis and give the planet a sustainable future.
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FlexSea announces a £3M seed raise in equity and grants, led by Indico Capital Ventures (FREE)
FlexSea, a pioneering blue biotech company at the forefront of sustainable packaging solutions, has just made a significant stride towards revolutionizing the plastics industry. Today, and in only 2 years of hard work, they proudly announced the successful completion of a seed round of £3 million in equity and grants, which follows the initial pre-seed raise of…
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DOE Announces $16.7 Million to Advance Production of Affordable Biofuels and Biochemicals
The U.S. Department of Energy (DOE) Bioenergy Technologies Office (BETO) announced $16.7 million in funding for five projects to advance the production of affordable biofuels and biochemicals that will significantly reduce greenhouse gas (GHG) emissions.
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Nato victim of oil crime ring …. again
Huge quantities of kerosene has been stolen from Nato by crime ring and ironically it wasn’t the first time. Highly suspicious.
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Traceless Materials raises €36.6M for eco-friendly plastic alternative
Hamburg-based startup, traceless materials, raises €36.6 million to scale production of its eco-friendly plastic alternative. The investment will fund a new demonstration plant.
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Lombard Odier announces the first close of its Plastic Circularity Fund
Plastic Circularity Fund to scale solutions for a Circular Economy on Plastics Secures First Closing
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Second CBE JU call closes with 162 project proposals submitted
The CBE JU Programme Office has received 162 project proposals by the 20 September deadline for the 2023 call.
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Greenback acquires Enval
London-based Greenback Recycling Technologies acquires Enval Ltd., a provider of microwave plastics recycling technology.
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UBQ Materials Raises $70 Million in Funding, Led by Eden Global Partners
UBQ Materials, climate tech developer of advanced materials made from waste, today announced it has closed $70 million in funding, led by Eden Global Partners.
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Paptic Ltd raises EUR 23 million in growth financing!
Paptic Ltd, a sustainable packaging materials innovator, raises EUR 23 million in financing to accelerate the development of packaging materials and scale up its ability to serve global customers
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Dow achieves eighth ISCC PLUS certification for Polyurethanes plants in Europe
Dow Polyurethanes today proudly announces receipt of its eighth ISCC Plus certificate – awarded to its track and trace process for alternative feedstock using a mass balance approach at its Coraggio plant, Italy.
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Global Bioenergies raises its ambitions (FREE)
Increased plant sizing to reach larger volumes and more competitive prices. Production aimed at the cosmetics market, then sustainable aviation fuels. Preparation of model replicability for international deployment. (FREE)
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Ireland Launches Bioeconomy Funding Initiative (FREE)
Ministers McConalogue, Heydon and Hackett announces new €10 million bioeconomy funding initiative. This is a FREE article
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Avantium continues to show strong progress in executing the commercialisation strategies for its proprietary technologies (FREE)
Avantium N.V. (Euronext Amsterdam and Brussels: AVTX), a leading technology company in renewable chemistry, today reports its 2023 half year results. This is a FREE article
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Avantium awarded €0.76 million EU funding for its participation in the Rebiolution project (FREE)
Avantium N.V., a leading technology provider in renewable chemistry, announces that it has been awarded a €0.76 million grant by the EU Horizon Europe programme for its participation in the research and development programme Rebiolution. This is a FREE article
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Yield10 Bioscience Q2 2023 Results (FREE)
Yield10 Bioscience Announces Second Quarter 2023 Financial Results. This is a FREE article
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Yield10 Bioscience Announces Pricing of $3.7 Million Public Offering
Yield10 Bioscience, Inc. (Nasdaq:YTEN) (“Yield10” or the “Company”), an agricultural bioscience company, today announced the pricing of its public offering of 5,750,000 units at a public offering price of $0.65 per unit.
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Coca-Cola launches sustainability-focused venture capital fund
Why are companies like Coke and Pepsico setting up funds for ‘sustainable’ technologies?
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Timeplast Raises $ 5 Mln
This Startup Has Already Raised Almost $5 Million Via Crowdfunding For Its Dissolvable, Drinkable Single Use Plastic Substitute Aimed At Combating The Plastic Pollution Crisis
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Ginkgo Bioworks and Sumitomo Chemical Extend Partnership
Ginkgo Bioworks and Sumitomo Chemical Announce Expanded Partnership To Develop Functional Chemicals with Synthetic Biology
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An Phat Bioplastics Joint Stock Company Shares are subject to Lock-Up Agreement
Certain Common Shares of An Phat Bioplastics Joint Stock Company are subject to a Lock-Up Agreement Ending on 18-JUL-2023.
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New Investment Tax Credit Announced for Renewable Chemicals
New Investment Tax Credit Announced for Advanced Energy Projects Includes Sustainable Aviation Fuels and Renewable Chemicals
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Official Documents regarding the new corporate structure of Solvay
You’re not allowed or supposed to read these documents. We strongly discourage you to read them. Those documents are published for anthropological purpose only 🙂
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Verde Bioresins to go public on Nasdaq
Verde pioneered PolyEarthyleneTM, an innovative and proprietary bioresin that has the potential to replace traditional petroleum-based plastics and disrupt the plastics industry. It is an economically feasible alternative that is capable of being dropped into existing plastics manufacturing processes.
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The Worse Bioplastic Takeover of 2023
This must probably be the worse takeover of 2023. The people who sold the company did a great job in overselling their company. The company who bought it did a very wrong acquisition.
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EU-funded project ELLIPSE to valorize slaughterhouse waste and paper and pulp sludge for agricultural and personal care applications
EU-funded project ELLIPSE to valorize slaughterhouse waste and paper and pulp sludge for agricultural and personal care applications
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Better Climate Challenge Road Show
The U.S. Department of Energy (DOE) today launched the first season of the Better Climate Challenge Road Show, a video series highlighting the leadership of public and private organizations in decarbonizing buildings and industrial plants.
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Virginia Tech to demonstrate modular bioprocess system for manufacturing consumer bioplastic products from food wastes
The overall goal of this project is to develop and demonstrate a pilot-scale modular bioprocessing system to produce bioplastics from food wastes with cost competency.
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US ExxonMobil eyes ’24 FID on chemical recycling plant
ExxonMobil expects to make in 2024 a final investment decision (FID) on a chemical recycling plant and two other projects, the company said on Friday.
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Xuejun Pan receives USDA NIFA funding to develop biodegradable mulch films made from biomass
Xuejun Pan, professor in the Department of Biological Systems Engineering, received $1,000,000 for his project “Biobased, fully soil-biodegradable mulch films prepared from biomass for sustainable bioeconomy” through NIFA’s Sustainable Bioeconomy through Biobased Products program within the Agriculture and Food Research Initiative. It was among 7 projects sharing $6.7 million in funding.
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How can countries stop subsidies harming biodiversity?
Subsidies that harm nature and the environment cost the world an estimated US$1.8tn each year – the equivalent of the entire GDP of Canada — And let us not forget that under the “Horizon Europe” Plan, a lot of grants go into the pockets of petrochemical multinationals through so-called “Public-Private Partnerships” … an old joke…
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Ontario announces $20 million for new Forest Biomass Program
The Government of Ontario is strengthening the economy and promoting innovation in the forest sector with the creation of a new, $19.6 million Forest Biomass Program.
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SMBC Invests $10 M in Closed Loop Circular Plastics Fund
Sumitomo Mitsui Banking Corporation Invests $10 Million in Closed Loop Partners’ Circular Plastics Fund, Accelerating More Capital Toward Innovation and Infrastructure for Plastics Recovery and Recycling
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WUST Receives $3.6M to combat plastic waste
Plastics transformed engineering in the past century, but they also transformed the environment in ways that will take millennia to repair. Washington University in St. Louis is leading a new effort to address the grand challenge of developing the next generation of high-performance, sustainably sourced and biodegradable plastics that advance engineering while also protecting the…
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Office of Management and Budget Releases Request for Information on the U.S. Bioeconomy
The Office of Management and Budget (OMB) has released a new Request for Information (RFI) to public stakeholders seeking to improve and enhance federal statistical data collection designed to measure the economic value of the U.S. bioeconomy.
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Strong Decline in Danimer Scientific Revenues
Danimer says that its decline in overall product revenues is due to the unfortunate shift of PHA-based resin sales.
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NextChem Buys 51% of MyRemono
Maire Tecnimont S.p.A. (“MAIRE”) announces that its subsidiary NextChem, within the Sustainable Technology Solutions business unit, has acquired a 51% stake in MyRemono S.r.l.
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Tipa Buys Bio4Pack in $8 million deal
Cleantech startup Tipa acquires Bio4Pack in $8 million deal
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Yield10 Bioscience Announces Pricing of $3.0 Million Registered Direct Offering and Concurrent Private Placement
Yield10 Bioscience, Inc. (Nasdaq:YTEN) (“Yield10” or the “Company”), an agricultural bioscience company, today announced that it has agreed to sell $3.0 million of its shares of common stock (or prefunded warrants in lieu thereof) in a registered direct offering and warrants in a concurrent private placement with investors including a certain institutional investor and an…
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Sulapac receives financing from Nefco to scale up its sustainable alternative to conventional plastics
Sulapac’s biobased and biodegradable plastic alternative reduces waste and carbon emissions. To further strengthen the sustainability of its business operations, the company is developing an action plan to protect biodiversity through Nefco’s Biodiversity Pilot Programme.
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Metaspectral Secures $419K from CleanBC Plastics Action Fund
Metaspectral, has secured $419,000 from the CleanBC Plastics Action Fund, building on the previous $300,000 that the company received from the initial launch of the Fund in 2021.
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Woodoo raises $31 Million
Woodoo repurposes dead wood into new advanced materials to replace glass, leather and steel
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Danimer Scientific Rings Closing Bell at New York Stock Exchange to Celebrate Earth Week
Danimer Scientific Rings Closing Bell at New York Stock Exchange to Celebrate Earth Week Danimer Scientific CEO Stephen Croskrey was joined by members of Danimer’s management team and board members past and present. (Photo: Business Wire) Danimer Scientific CEO Stephen Croskrey was joined by members of Danimer’s management team and board members past and present…
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INCA Renewable Technologies Secures $40M USD Funding Commitment, as part of Series B Round led by Private New York Family Office
INCA Renewable Technologies, (www.incarenewtech.com) manufacturer of natural fibre composites, today announced at the international JEC Composites Show Start-up Booster Competition that the company has secured a $40M USD Funding Commitment as part of a Series B round from a private New York Family Office.
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AMSilk Raises Millions for Bio Silk
Funding enables AMSilk to accelerate industrial scale-up and expand commercial operations of bio-fabricated silk protein materials
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Global Bioenergies not doing well on the financial markets
One of the followers brought to my attention the collapse of the share value of Global Bioenergies
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Macro Oceans raises $5M, completes pilot facility
Macro Oceans, the California-based seaweed biotechnology startup, announced it has completed the first phase of its pilot facility in Sacramento.
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D-CARBONIZE is looking for 12 doctoral candidates with an interest in producing bioplastics from biomass
The D-CARBONIZE project is kicking off by recruiting 12 doctoral candidates. They will receive training on how to use circular chemistry to develop monomers from biochar sources, for use in the production of recyclable bioplastics.
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Plastics Circularity Investment Tracker
The Circulate Initiative’s Plastics Circularity Investment Tracker provides insights into private investments in plastics circularity in emerging markets. Investment data is available by geography, solution and investment categories from 2018 onwards. For example, what is the investment made into Asian companies offering refill/reuse solutions in 2018?
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Agile BioFoundry 2023 Funding Opportunity
The Department of Energy’s Office of Energy Efficiency & Renewable Energy’s Bioenergy Technologies Office (BETO)-funded Agile BioFoundry (ABF) consortium is overseeing a funding opportunity for industry partners to utilize ABF capabilities.
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L’Oréal Invests in Geno-led Venture
L’Oréal Becomes Third Global Company to Invest in Geno-led Venture for Sustainably Sourced Ingredients
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Afri-Plastics Challenge Provides funding for African Bioplastics
Afri-Plastics Challenge provides funding for African recycling businesses, new bioplastics, waste conversion processes, and more
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