Category: M&A, Corporate and Financial News
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Novozymes Corona Results
With 4 percent organic growth in first half-year of 2020, Novozymes has delivered a solid first half-year performance despite headwinds in the Bioenergy business.
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Aramco Profits Collapse
Aramco reported a 73% year-on-year fall in second-quarter profits.
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Investment Framework to Fight Climate Change
UK Haute Finance Sets Investment Framework for Climate Change
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NL Builds New Sustainable Plastics Testing Facility
Multi-million investment in R&D infrastructure in the Netherlands.
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Agilyx and the Virgin Connections
Videos by Bioplastics News Chief Editor Advantages and Disadvantages of PLA Plastic Recycling Chemical Recycling Biobased Plastic Compostable Plastic Circular Plastic
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Mitsubishi Chemical Buys More Recycling Companies
Mitsubishi Chemical to Acquire European Carbon Fiber Recycling Companies
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Biome Bioplastics Makes Profit in 2020
A bioplastics company seems to have made profit in 2020
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Neste CEO Talks About Corona Results
CEO Talks: good performance despite the market turbulence in Q2/2020
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BASF Results Hit by Corona Crisis
BASF Group: EBIT before special items declines in second quarter due to weaker demand as a result of the corona pandemic
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Danimer Receives US DOE Grant
Danimer Scientific Receives U.S. Department of Energy Grant to Support Bioplastic Production
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Polymateria Closes £15m Funding Round
London-based startup that’s “Polymateria”, has raised £15 million from Planet First Partners (PFP).
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Covestro Hit by Corona Crisis
Q2 2020: Results significantly impacted by the coronavirus pandemic as expected.
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Dow Second Quarter 2020 Results
Dow reports second quarter 2020 results. Financial Highlights.
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Coke Invests in PET Recycling Startup
Coca-Cola European Partners (CCEP), the world’s largest independent Coca-Cola bottler, has taken an important step on its journey towards 100% rPET for its plastic bottles by funding CuRe Technology – a recycling start-up which seeks to provide a new lease of life for difficult to recycle plastic polyester waste.
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Another Episode in the Financial Saga of Good Natured
good natured Products Inc. Announces $3.5 Million Brokered Private Placement Led by Integral Wealth Securities and Canaccord Genuity.
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Henkel Plastic Waste Reduction Bond
Henkel takes another step in combining attractive corporate financing instruments with progress in sustainability: As the first company globally, Henkel concluded a plastic waste reduction bond.
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Aramco Completes Acquisition of Sabic
Aramco completes its acquisition of a 70% stake in SABIC from the Public Investment Fund (PIF)
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Large Investment in Bioeconomy of Denmark
Denmark’s largest foundation, The Novo Nordisk Foundation, has awarded a grant of EUR 100 million to DTU Biosustain, paving the way for the development of new sustainable consumer products and strengthening Danish biotechnology research.
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SK Chemical Buys Arkema Unit to Boost Green Strategy
The acquisition of value-added business from Arkema will diversify its portfolio. Internalization of high-technology packaging technology helps Korean material industry become more competitive.
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Paptic Does Crowd Funding During Corona Crisis
“A crowd-funding round in the middle of Covid-19 pandemic? that is madness!”
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Mitsui to Create New Plastic Strategy Dpt
Mitsui Chemicals. is to establish a new Climate Change/Plastics Strategy Department within the Corporate Sustainability Division on June 15.
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Arkema Annual and Sustainability Report 2019
Arkema new Annual Report, “Innovative for”. It reflects our determination to ensure environmental, social and human issues are central to our products and activities.
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US Justice and SEC Monitor Braskem
DOJ and SEC confirmed the conclusion of the independent compliance monitorship at Braskem.
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Avantium Shareholders Approve Resolutions
Avantium N.V, a leading technology company in renewable chemistry, announces that at today’s Annual General Meeting of Shareholders (AGM).
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Good Natured Closes Acquisition of Shepherd
good natured Products Inc. (the “Company” or “good natured®”) (TSX-V: GDNP) today announced it has closed the previously announced strategic acquisition of Shepherd Thermoforming & Packaging Inc. (“Shepherd”) and all of its real estate for CAD$9.5 million.
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Sabic Lost 40 pc in Value
Saudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals manufacturer SABIC after a more than 40 per cent drop in SABIC’s value following a slump in oil prices in coronavirus pandemic, two sources told Reuters.
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Borealis Q1 Results 25pc Down
Lower Q1 profit versus 2019 mainly attributable to lower result from Borouge due to weak market conditions in Asia.
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China Billionaire Goes Bioplastic
Toys are fun playthings for most, but for Hong Kong billionaire Francis Choi Chee-ming they are serious business—he claims his privately held Early Light International is the world’s largest toy maker by output.
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New Bioplastics Startup Called RWDC Industries
Daniel Carraway spent his entire career working in paper and bioplastics. The serial entrepreneur began his career at International Paper working in their research division before founding two previous companies that became cornerstones of the bioplastics industry.
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New Capital and CEO for Trifilon
Trifilon adds new capital, strengthens the company’s management team and the Board of Directors
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Lanxess Q1 Results
Sales down only slightly year-on-year at EUR 1.704 billion. EBITDA pre exceptionals falls by 9.9 percent to EUR 245 million.
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Bio-Economy Opportunities in Estonia, Latvia and Lithuania
Bio-based sector offers new opportunities for green growth in EU-13.
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Stora Enso Digital Marketplace Renewable Materials
Stora Enso introduces Box Inc, a digital B2B marketplace for corrugated packaging made of renewable materials.
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Sulzer Launches Bio-Based Team
Sulzer Chemtech has announced the creation of a new global Bio-based and Renewables application development team.
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Cambridge Bioplastics Spin-Out Secures £2M
Firm out of University of Cambridge battling microplastic polution will use new funding to create products.
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Dow Q1 Results
Net sales were $9.8 billion, down 11% versus pro forma results in the year-ago period, primarily driven by lower local prices in all operating segments due to a decline in global energy prices.
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New Investments in TerraVerdae
Alberta, federal and other funding partners have invested in new product development capacity at TerraVerdae Bioworks Inc. for fully biodegradable, high-performance bioplastics.
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Corbion Q1 Results
Corbion reported sales of € 256.3 million in the first quarter of 2020, an increase of 12.0% due to organic sales growth of 9.6% and positive currency effects.
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BASF Quarter Results
BASF Group shows resilience amid corona crisis with diversified portfolio and financial solidity.
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Clariant Pre Corona Results Still Downwards
Sales from continuing operations decreased by 6 % in local currency to CHF 1.019 billion.
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Financing of Good Natured Acquisition of Shepherd
good natured Products Inc. Announces BDC Financing and Update on the Acquisition of Shepherd Thermoforming & Packaging Inc.
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Circulate Capital Ocean Fund Makes 1st Investment
Circulate Capital invested $6 million in plastics recycling companies in India and Indonesia, the brand-backed firm’s first outlay designed to prevent marine plastics.
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Shareholders Meetings During The Corona
Let’s look at how Avantium is organising its Annual General Meeting in times of Corona.
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Stora Enso Issues Green Bond
HELSINKI, April 23, 2020 /PRNewswire/ — Stora Enso has successfully issued a new SEK 1 700 million green bond under its EMTN (Euro Medium Term Note) programme and under Stora Enso’s Green Bond Frame work published in May 2018.
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Avantium Receives Grant from NL
Avantium awarded funding to produce lignin for the development of bio-based asphalt.
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Mitsui Business, Environmental and Social Goals 2025
The 2025 Long-term Business Plan embodies our strong commitment toward realizing sustainable growth and development along with society.
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Aramco Buys Sabic at Worse Time
Aramco agreed last year to buy the controlling stake in SABIC from the kingdom’s wealth fund for $69.1 billion, sealing one of the biggest-ever deals in the global chemical industry.
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Borealis Increase Stake in Novealis
Borealis AG has completed the acquisition of Nova Chemicals’ 50 percent ownership interest in Novealis Holdings LLC (Novealis).
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EU Circular Bio Society
By 2050, Europe will have a sustainable and competitive bio-based industry providing jobs and growth that contribute to a circular bio-society.
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Covestro Adjusts 2020 Financial Guidance
Covestro adjusts FY 2020 financial guidance due to effects of the Coronavirus pandemic after reaching its EBITDA target in Q1 2020.
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Impact of Corona on Bioplastics Sector in March
Here’s an estimate impact of the covid 19 confinement measures on the bioplastics sector for the month of March.
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Braskem Reports Huge Quarterly Losses
Brazil’s Braskem reports $708 million quarterly loss.
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Arkema Strategy Update
At a Strategy Update meeting on April 2, Arkema presents its ambition to become a world leader in Specialty Materials realigned around three coherent businesses with attractive growth prospects: Adhesive Solutions, Advanced Materials, and Coating Solutions.
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Thailand Board of Investment Wants to Be Bioplastics Hub
Thailand is attracting billions of baht of investments in bioplastics from global and local players seizing the opportunities the country offers as a production hub for bio-based industries due to its abundant raw materials, existing value chain and supportive government policies, the Thailand Board of Investment said.
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European Investment Bank Loan for Covestro
Covestro signs EUR 225 million loan facility with European Investment Bank for R&D activities.
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Stock Market Manipulation and Corona Crisis
US hedge fund manager’s doom-laden TV appearance about coronavirus crisis sparked frenzied selling.
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Mitsui Loss $642 Mln due to Corona Crisis
Mitsui in a statement said it is likely to book an impairment loss on its stakes in the Eagle Ford shale oil and gas project in the United States and the Tempa Rossa oil field in Italy among other oil and gas projects due to plunging oil prices.
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Dirty Banks
America’s JP Morgan Chase has pumped more than the GDP of Finland into fossil fuels expansion since the Paris climate accord of 2015, while Japan’s and China’s mega banks have also been ‘failing miserably’ in their response to climate change over the last four years, a report from a coalition of NGOs has shown.
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Impact of Coronavirus on Green Investments
IEA warns that Covid-19 could cause a slowdown in world’s clean energy transition.
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Corbion Sustainability Performance 2019
We are proud to share that we have reduced our carbon footprint by 12% per ton of product, compared to our 2016 base year. We are well on our way to meet our 33% science-based reduction target by 2030!
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Avantium Enters Euronext Amsterdam SmallCap Index
Avantium announces that it has been promoted to the Euronext Amsterdam SmallCap Index (AScX), following the quarterly review by Euronext.
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Corbion Strategy Update
During its Capital Markets Day for analysts and investors in Amsterdam today, Corbion management will present its strategy for the period 2020-2025: Advance 2025.
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Good Natured Acquires Shepherd Thermoforming & Packaging
Good natured Products Inc. announced that it has entered into a definitive agreement with the shareholders of Shepherd Thermoforming & Packaging, a leading thermoformer with over 35 years’ experience, to acquire 100% of Shepherd and all its real estate assets for CAD$9.5 million in cash.
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Mitsubishi Chemical Creates Circular Economy Department
Mitsubishi Chemical Corporation announced its decision to establish a new Circular Economy Department (CE Department) effective April 1, 2020, with the aim of bolstering its efforts to bring about the circular economy.
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Mitsubishi Chemical Buys 2 Plastic Recycling Companies
Mitsubishi Chemical Corporation recently decided that it will acquire two Swiss engineering plastics recyclers, Minger Kunststofftechnik AG and Minger Plastic AG, through its group company Mitsubishi Chemical Advanced Materials as a part of the company’s efforts to promote the circular economy. The acquisition is expected to be completed by the end of February this year.
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Parkside Celebrates 15th Anniversary
Parkside, a leading innovator in conventional, functional and sustainable paper and plastic flexible packaging solutions, is celebrating its 15th anniversary.
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Solvay Sustainability Roadmap
Raising the bar in response to climate change, resource scarcity and creating a better life.
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Versalis Buys Finproject for its Circular Strategy
Versalis, Eni’s chemical company, has acquired 40% of Finproject, the Italian leader in the compounding* sector and the production of ultralight products, from the VEI Capital fund with the aim of creating value by integrating the respective production chains.
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Avantium Sells Bioaromatics Patent Portfolio to TNO
Avantium has sold its bioaromatics patent portfolio to The Netherlands Organization for Applied Scientific Research, TNO.
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Clariant Hit by Crisis
Clariant 2019 profits fell by 90% and 600 employees will be fired. They had to replace their CFO last week overnight and they have no CEO at this point in time. And the prospects don’t look good.
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UPM Invests in Next Generation Biochemicals
UPM invests in next generation biochemicals to drive a switch from fossil raw materials to sustainable solutions.
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BASF Owner is Not So Sustainable
75% of BASF shares are held by institutional investors. American investment company “BlackRock” is the largest institutional investors of BASF with more than 5% and they’ve been undermining actions addressing the climate crisis.
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Seaweed Straws Leader Supported by Venture Capital
LOLIWARE, the world’s leading seaweed-based material technology company replacing plastics, announced the close of a $6MM financing round, led by prominent NY venture firm Hatzimemos / Libby.
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Solvay Launches New Corporate Vision
Solvay launched their new corporate vision called “One Purpose” and embrace the circular economy.
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Barclays May Stop Financing Big Oil
Barclays is under pressure to stop financing some fossil fuel companies after a group of shareholders filed a landmark climate change resolution for the British bank’s annual investor meeting, thrusting the European financial industry to the centre of the debate on global warming.
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Biopac UK and Biopak Australia Merge to Become Biopak
Biopac is now officially trading as BioPak UK Ltd following a merger with Australia’s leading eco-friendly packaging company, BioPak Pty.
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Bio-on Declared Bankrupt
The Court of Bologna declared the bankruptcy of Bio-on on December 20.
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Neste Interest Rate Influenced by Greenhouse Gas Emissions
Neste signs a new EUR 1.2 billion Revolving Credit Facility with a margin linked to its greenhouse gas emissions reduction target.
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Avantium Appoints New Chairman of Supervisory Board
Avantium announced that Mr. Edwin Moses has been appointed as Chairman of its Supervisory Board.
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Sulapac Raises Millions to Boost Scale Up and Internationalization
Finnish startup Sulapac raised an exceptional €15 million to engine its scale-up and internationalization. The funding enables further development and broadening of its recipe portfolio.
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University of Toronto Entrepreneur Raises Millions for Bioplastics Startup
EcoPackers Inc., a social enterprise co-founded by University of Toronto alumna Nuha Siddiqui, has raised $4.3 million in pre-seed and seed financing for its biodegradable bioplastics business, the Globe & Mail reports.
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Bio-on Gets New Management
Mr. Riccardo Casoni is appointed as the new general manager and sole director of Bio-on.
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Bio-on May Survive With a Debt Restructuring
Bio-on May Come back sooner than expected.
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Malaysia Says Money in Bioplastics for SME
Local small and medium enterprises (SMEs) can spur Malaysia’s potential as a global bioplastics hub, according to Malaysian Bioeconomy Development Corporation Sdn Bhd.
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Bio-on Suspends All Payments To Investigate Business Continuity
The Judicial Administrator of Bio-on, Prof. Dr. Luca Mandrioli, participated at a meeting on Friday November 8th called by the Emilia-Romagna Region as part of the activities of the Metropolitan Board to safeguard the company’s productive assets, acknowledging that investigations have begun to check whether there are any prospects for business continuity.
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Korean Scientist Founds Bioplastic Startup
Hwang Dong-soo, an associate professor at the Pohang University of Science and Technology (POSTECH), is doing what his colleagues wouldn’t normally do.
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Avantium Opens Office in Japan
Avantium Renewable Polymers confirms its strategy to turn to high-value applications for PEF (polyethylene furanoate) by establishing an Avantium branch office in Japan.
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Solvay Launch Its Growth Strategy
Solvay announces its G.R.O.W. strategy to drive growth, cash and returns.
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