The World Congress on Industrial Biotechnology and Bioprocessing, hosted by BIO, is set to begin on Sunday, May 8, 2011 in Toronto. A record crowd is expected and the exhibitor hall is sold out. I’ll be on site to bring you breaking news and information about the latest biotechnology trends as they relate to biofuels and biochemicals. To get a …
BioAmber Raises $45M to Grow Succinic Acid Platform
BioAmber Inc. has raised $45 million dollars in Series B financing with the monies used to accelerate the commercialization of succinic acid and modified PBS including the construction of a plant in North America. The round was led by NAXOS Capital Partners who helped to secure a new investor, Mitsui & Co. a Japanese trading company. The round was co-led …
Turning Plants Into Products
A new report from the Milken Institute, “Turning Plants Into Products: Delivering on the Potential of Industrial Biotechnology,” examines the challenges facing the industrial biotechnology sector and identifies market and policy based responses. In particular, the report found that biotech could play a significant role in the reduction of fossil fuel use, but struggles due to petroleum’s price advantage. The …
BIO Releases Policy White Paper
The Advanced Biofuels Leadership Conference is underway in Washington, D.C. and more than 400 senior level executives are in attendance to learn more about the trends in the advanced biofuels industry. During the Conference, the Biotechnology Industry Organization (BIO) released a new policy white paper that determined the Renewable Fuels Standard (RFS2) provides both stable market support and a pricing …
Loss of DOE Loan Gurantee Program “Would Be A Tragedy”
There is a lot of action in the “Beltway” these days surrounding biofuels. One such conversation is around the fate of the Department of Energy (DOE) Loan Guarantee Program. A group of policy makers want to end the program, which right now is funded with Reinvestment and Recovery monies. However, energy companies, such as Pleasanton, California-based Fulcrum Bioenergy, would be …
PetroAlgae Inks Deal with Haldor Topsoe
PetroAlgae has inked a deal with Haldor Topsoe to provide technology and catalysts to upgrade oils produced from PetroAlgae’s biomass through refinery coking processes and pyrolysis into drop-in renewable fuels including diesel and jet fuels. Haldor Topsoe is global company focused on the refining, petrochemical and power industries. Under the agreement, the two companies will work together to apply Haldor …
Dyadic Introduces Advanced Biofuels Enzyme
Biotech firm Dyadic International has introduced a new advanced biofuels enzyme at this week the World Biofuels Markets exhibition in Rotterdam, The Netherlands. According to the company, AlternaFuel® CMAX™ has proven to be effective in converting multiple forms of biomass into fermentable sugars which is the critical step in the production of cellulosic ethanol and other advanced biofuels and biochemicals …
Cobalt CEO: Biochems More Profitable than Biofuels
The head of a company that produces biochemicals and biofuels says the chemical market, although smaller, is much more profitable than the renewable fuel market. According to this piece from Biofuels Digest, during the recent BioPro Expo and Conference in Atlanta, Cobalt Technologies CEO Rick Wilson questioned the wisdom of focusing on biofuels when the better money is in biochemicals: …
Solazyme Files For IPO, Partners with Dow
Solazyme has announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO). Morgan Stanley & Co. Incorporated and Goldman, Sachs & Co. will act as joint book-running managers for the offering with Pacific Crest Securities and Lazard Capital Markets as co-managers. At this time, the …
Researchers Develop Self-Healing Bio Polymers
Researchers at Iowa State University are developing polymers made from vegetable oils that repair themselves. This press release from the school says Michael Kessler, an Iowa State University professor and an associate of the U.S. Department of Energy’s Ames Laboratory, is working on the technology: “If successful, the results of this research will provide biorenewable alternatives to petroleum-based resins,” says …