Meredian Inc., the world’s largest producer of PHA has announced that John A. Dowdy, III has joined their team as the newly appointed Chief Financial Officer. This appointment comes in the wake of Meredian Inc. and its sister company DaniMer Scientific merging together under its wholly owned subsidiary Meredian Holdings Group Inc.
Energy storage, driven largely by electronics and plug-in vehicles, will grow at a compound annual growth rate of 8% to $50 billion in 2020, with dramatic shifts coming from the transportation industry, according to Lux Research. Transportation applications will outpace electronics growth – attaining an 11% CAGR to become a $21 billion market by the end of the decade. Its faster growth will close the gap with electronics, which still will remain the single largest market valued at $27 billion. The market for stationary applications will be worth $2.8 billion, as it awaits cost breakthroughs.
Elevance Renewable Sciences, Inc., a high-growth specialty chemicals company that creates novel specialty chemicals from natural oils, has announced a new collaboration with Genting Plantations Berhad through Genting Integrated Biorefinery Sdn Bhd (GIB), to be located in the Palm Oil Industrial Cluster (POIC) in Lahad Datu, Sabah, Malaysia. The 25:75 collaboration between Elevance and Genting Plantations Berhad will build a 240,000 MT metathesis biorefinery based on Elevance’s proprietary metathesis technology, and will produce renewable, high-performance olefins and specialty chemicals that can be used in multiple end-product applications, including lubricants, surfactants and detergents.