Category: M&A, Corporate and Financial News
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BASF Accelerates Restructuring
German chemicals group BASF has asked the two remaining private-equity suitors of its 3 billion euro ($3.3 billion) construction chemicals unit for final bids by Friday, three people close to the matter said.
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Mitsui Chemicals CEO Intends To Expand Use of Bioplastics
Mitsui Chemicals CEO talks about Bioplastics in his ‘Message from the CEO’ in the context of their annual report 2019.
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Biome Reports Successful Quarter for Bioplastics Division
Bioplastics and radio frequency technology company Biome Technologies updated the market on its trading for the nine months ended 30 September on Thursday, reporting that revenues in the bioplastics division in the third quarter were £0.9m.
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Corbion Q3 Results
Corbion reported sales of € 728.9 million in the first nine months of 2019, an increase of 9.4% compared to the first nine months of 2018. Organic sales growth was 2.8%. Adjusted EBITDA in the first nine months increased organically by 5.8% to € 112.1 million.
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Covestro Profit Declined by 70 % Due To Plastic Crisis
Big Chemical companies are taking hits due to the plastic crisis. We recently covered the news that BASF revenue declined by 24%. Every company tries to tell the story differently and they’re very good at it. But bottomline, there’s a crisis in the fossil-plastics / chemical industry.
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Reuters Investigates on the Bio-on Saga
The head of Italy’s Bio-on (ON.MI) was arrested on Wednesday in a probe into false accounting and market manipulation, just three months after the bio-plastics maker suffered an attack by a short seller fund that erased 80% of its value.
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Bio-on President Has Been Placed Under House Arrest
The President and founder of the Italian bioplastics company Bio-on, Marco Astorri, has been charged and placed under house arrest by the prosecutor’s office in Bologna.
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BASF Revenue in Decline by 24% Due to Plastic Crisis and Brexit
EBIT before special items declines to €1.1 billion, primarily due to significantly lower earnings contributions from Chemicals and Materials.
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Packaging Strategy of Mitsubishi Chemical
We were able to put our hands on the packaging strategy and complete technology portfolio of Mitsubishi Chemical.
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A Look At Leading Bioplastics Companies
Biodegradable plastics is a popular new trend that means we can avoid plastics that don’t break down and hence damage the environment. The biodegradable plastics market is projected to grow from USD 3.02 billion in 2018 to USD 6.12 billion by 2023, at a CAGR of 15.1%. Some leading biodegradable plastic companies to consider.
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Neste Opens Global Hub for Renewable Polymers in Germany
Neste, the world’s leading provider of renewable diesel and renewable aviation fuel and an expert in delivering drop-in renewable and circular polymers and chemicals solutions, opens a new office in Düsseldorf, Germany, to serve as the global hub for its Renewable Polymers and Chemicals business unit.
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BASF Enters Natural Flavours and Fragrances Market
BASF acquires aroma biotech Isobionics, partners with biotech Conagen and makes a biotech entry with natural vanillin, valencene and nootkatone.
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Invest in the European Bio-Economy!
There’s a unique opportunity to get a VIP seat at the European Bio-economic Table. Are you interested?
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Neste Opens Office in China To Trade in Waste and Raw Materials
Neste opens an office in Shanghai and starts renewable raw material sourcing operations in China.
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Mitsubishi Chemical in DJSI
Mitsubishi Chemical Holdings Corporation today announced that it has been selected for the third consecutive year as a member of the Dow Jones Sustainability Indices (DJSI) for inclusion in the World Index, which is the global benchmark for Environmental, Social, and Governance (ESG) investing.
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Call for Partners: Use or Invest in (Biobased) Polymerization Shared Facility
Green Chemistry Campus, REWIN and Wageningen University are planning the development of the first multipurpose Polymerization Shared Facility Pilot Plant in Bergen op Zoom. In this facility new and redesigned bio-polymers can be produced at a sub-commercial scale. Currently the consortium is looking for companies in the field of new (biobased) polymers that are interested…
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Biome Technologies Raises Cash in Share Placing
A Southampton business specialising in bioplastics and radio frequency technology has raised £1.3m in a share placing to fund future growth. Biome Technologies has a pipeline of about 15 products in development. It requires growth capital to scale-up and drive a hike in revenue over the next 18 months, with manufacturing set to accelerate in…
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Tipa Closes $25m in Growth Financing Round
TIPA®, a leading developer and provider of fully compostable flexible packaging solutions, has announced today that it has secured $25M in its recent financing round. Investors who participated in this financing round include Blue Horizon Ventures, Triodos Organic Growth Fund and existing investors Chestnut and GreenSoil Investments. As global demand for viable alternatives to conventional…
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Sky Ocean Ventures Invests in Cuantec Bioplastics
CuanTec, the blue biotech company based in Motherwell and Oban, have completed an investment round with Sky Ocean Ventures and Scottish Enterprise that will enable them to process at pilot production scale and finalise their formulations.
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Indian Appliance Company Buys Australian Biodegradable Disposables Company
Kitchen appliances maker TTK Prestige Ltd said on Friday it has agreed to acquire a majority stake in Australia’s Ecolife International Pty Ltd.
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Avantium Awarded €6 Million EU Grant
Avantium N.V. announces that it has been awarded €6 million as part of a SPIRE grant to accelerate its Dawn and Mekong technologies in addition to utilizing its expertise in Catalysis.
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Sustainable Polymers Center Gets NSF Renewal Grant
Plastic may be an artificial hodgepodge of organic and synthetic elements, but Geoffrey Coates’ admiration for the material is very real.
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Dutch Biodegradable Horticultural Foam Company Foamplant Secures EUR 2M Seed Investment
Foamplant has announced the successful closing of a 2 million euro seed investment round with the early-stage venture capital funds Shift Invest and Future Food Fund.
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Global Bioplastics Market To Grow by 20%
Bioplastics Market Expected to Reach $68,577.25 Million by 2024
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Japan Funds Bioplastics Industry in South Africa
With excessive plastic waste under the spotlight, sustainable and plant-based alternatives are currently in development in South Africa. The country has large amounts of sugar cane bagasse and other biomass feed-stocks which are suitable for bio-plastics.
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Bio-On Reassures The Market
Statement from the Bio-On Board of Directors Regarding Recent Attempt to Manipulate Stock Price.
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Is a US Company Bullying The market?
The stock price of Italian bioplastics maker Bio-On srl fell just over 10 percent on July 24 after the release of a scathing report by a U.S. investment firm.
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Will BP Force Its Way Into Bioplastics?
BP Just announced a New Joint Venture with Bunge. The 50-50% JV will be called BP Bunge Bioenergia.
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Cargill Moving Into Bio-Industrial
What do yoga pants, toothpaste, home insulation and transformer fluid have in common? All of them might contain products made by the Cargill Bioindustrial Group.
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Avantium Awarded Funding for VEHICLE
Avantium N.V. announces that it has been awarded €1.3 million for its Dawn and Mekong Technologies from the Bio Based Industries Joint Undertaking (BBI JU) under the European Union’s Horizon 2020 research and innovation program.
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Synvina Becomes Avantium Renewable Polymers
The Name Change has not Been Made Official Yet, but We Thought You May Want to Have a Look at the Following…
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BASF Will Market French Biodegradable Plastics Films Lactips
BASF secures contract Lactips to market biodegradable plastic films. French biodegradable plastic producer Lactips has awarded a contract to BASF for the marketing of its water-soluble, bio-based and fully biodegradable material.
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US Lignin Supplier Flambeau River Papers in Financial Problems
One of Borregaard`s suppliers of lignin raw material, Flambeau River Papers LLC in Wisconsin, USA, announced 8 May 2019 that it has undertaken an Assignment for the Benefit of Creditors under Chapter 128 of the Wisconsin Statutes.
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DowDuPont Sells Biomaterials Unit
DowDuPont Inc. is looking to sell its Biomaterials unit including Sorona-brand biofiber and several other businesses.
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Young Indian Entrepreneur Goes Bioplastics
Now, he morphed from being a freelancer technology developer to an entrepreneur to set up his own enterprise- The Phi Factory, which is now working on a filler product for paper industry and a bioplastic, which Gorakavi says will change the plastic bags industry.
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Stora Enso Invests in Next-Generation Formed Fibre Solutions
Stora Enso is investing EUR 5 million to build a new production line and related infrastructure to manufacture formed fibre products at Hylte Mill in Sweden. The formed fibre technology enables manufacturing of products that are designed for circularity, meaning that they are renewable, recyclable and biodegradable and do not include any plastic.
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Demand for Bioplastics Expected to Surge in China
Demand for biodegradable plastics have surged in China over the last few months due to rising concerns from consumers over the impact plastic products have on the environment.
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Green Dot Raises $6.5M for Bioplastics Work
Green Dot Bioplastics has raised $6.5 million in funding to develop new materials and increase its production capacity.
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Green Dot Bioplastics Secures $6.5 Million to Expand Material Portfolio and Increase Production Capacity
PRESS RELEASE – Green Dot Bioplastics has completed a $6.5 million Series A Preferred Round of financing. Fulcrum Global Capital led the investment round with the participation of existing and new investors, including Open Prairie through its Open Prairie Rural Opportunities Fund and iiM (Innovations in Motion).
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Will Floreon Overtake Biome Technologies?
Biome Technologies PLC said it expects a jump in its annual revenue and a significant drop in revenue for its Bioplastics division.
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Chanel Buys Biomaterials Company Sulapac
The French luxury company Chanel buys a stake in Finnish group Sulapac that produces biodegradable materials.
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Secos is Cashing in on Bioplastics
Bioplastics company SECOS shared its quarterly financial results and bioplastics is growing strongly.
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Genomatica Gets Bigger
Genomatica get $90 Million to drive technologies and expand product lines.
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Myriant Becomes GC Innovation America. A Tactical Move from PTT.
The role of GC Innovation America will be to search for new technologies in North America for PTT (Thailand).
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Sky News Invests in Bioplastics
Sky News Invests in a biodegradable plastic bottle and edible plastic packaging.
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Bioplastics Shares are Up on London Stock Exchange
Biome Technologies shares are up on the London Stock Exchange (LON:BIOM).
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Are Hedge Funds Dumping Plastics Packaging Companies?
Serious transactions have been made against oil-based plastic packaging companies on the Stock Market.
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Is Bosch Expecting a storm in the Plastics Packaging Industry?
German Industrial Group Robert Bosch will sell its packaging division. Their largest business is in pharmaceutical and food packaging.
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Verdezyne is No More. Who will Buy Their Assets?
The decision to liquidate Verdezyne was taken by its investors on May 15th 2018
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Arkema Invests Massively in Bio-based PA 11 Supply Chain … follow the money
Eager to sustain its strong customers growth, particularly in automotive, 3D-printing, and in consumer goods markets such as sports and electronics, Arkema (France) announced an investment plan of some 300 million euros over five years in the bio-sourced polyamide 11 supply chain.
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€25M Granted to PEFerence the Synvina-led European Consortium for PEF
In the Netherlands, a BBI subsidy of €25 million has been granted to “PEFerence,” a consortium consisting of 11 companies including Synvina, its two JV partners Avantium (The Netherland) and BASF(Germany), Tereos Participations (France), Alpla Werke Alwin Lehner GmbH & Co Kg (Austria), OMV Machinery Srl (Italy), Croda Nederland B.V.(The Netherlands), Nestec Sa (Switzerland) Lego…
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Avantium completes IPO and heads for first commercial plant to produce FDCA
In the Netherlands, Avantium completed its highly-anticipated initial public offering, raising $109.5M (€103M) via the sale of 9,401,793 shares at $11.70 (€11) per share, giving the company a market capitalization of $294M (€277M). Trading will begin on March 15th 2017 on Euronext Amsterdam and Euronext Brussels under the symbol AVTX.
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Total Corbion PLA Formally Starts Up Operations
Total Corbion PLA announced on March 2, 2017 the official launch of its operations to produce and market Poly Lactic Acid (PLA) polymers. As announced by its parent companies Total ( France)and Corbion (The Netherlands) last November, the new company is a 50/50 joint venture based in the Netherlands.
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RENMATIX Receives Push by Total and Bill Gates
Renmatix announced it recently benefited from a $14 million investment led by Bill Gates and Total, which will reportedly help drive towards the first wave of Renmatix licensees building Plantrose®-enabled biorefineries in diverse global markets such as Canada, India, Malaysia, the US, etc.
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GFBiochemicals Makes a Bold Move Into the US market
GFBiochemicals acquired the assets and intellectual properties of Segetis, the main levulinic acid derivatives producer in the US market.
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Solegear Acquires Ex-Tech Plastics Bioplastics Division
Solegear Bioplastic Technologies Inc. (Vancouver, Canada) has entered into a definitive agreement with Ex-Tech Plastics, Inc.(Richmond, IL,USA), a manufacturer of extruded plastic sheets, to acquire 100% of Ex-Tech’sbioplastics division for $1.33 million in common shares of the Company at a deemed price of $0.20 per share.
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Bio-based Industries Joint Undertaking Will Invest 120 Mln Eur to Boost EU Bio-Economy
The Bio-based Industries Joint Undertaking, a public-private partnership between the EU and the Bio-based Industries Consortium (BIC), has approved the funding of 10 projects for a total of €120 million to boost the EU capacity to stimulate growth and jobs via a more circular, low carbon and sustainable bioeconomy.
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OPXBIO Sells Fermentation Tech to Cargill
This major piece of news made no noise in Europe and Asia. It fell late on April 30 and splashed the web on May 1st in the US, one of the few countries in the world not celebrating labor day on that day.
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FRX Polymers Green Flame Retardants
FRX Polymers, Inc. was founded in 2007 following five years of intensive research and development in the field of inherently flame retardant plastics.
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ExxonMobil Goes BioPolymers
The Catalysis Center for Energy Innovation (CCEI) and ExxonMobil team-up to research on the conversion of lignocellulosic biomass into polymers.
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Novamont Buys JV Mater-Biopolymer
Novamont (Italy) acquires 78% of the shares in JV Mater-Biopolymer srl from Mossi & Ghisolfi (Italy).
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Global Market Value of Bioplastic
Global market for bioplastics reported to rise up to USD 5.8 Bn in 2021 by Ceresana
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