Tag: renewable chemicals

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Farm Bill provides $250M to USDA for BAP, expands loan guarantees

In Washington, the Farm Bill provides $250 million to the USDA for the development and construction of commercial-scale biorefineries that produce advanced biofuels in Section 9003. Mandatory budget authority for Section 9003 totals $100 million for this year, and $50 million for 2015 and 2016, and discretionary funding can reach $75 million. The bill also […]

February 24, 2014 More

2014 may spell resurgance for private investment in renewable chemicals

According to Green Chemicals Blog, 2014 may see a resurgence of private investment in renewable chemicals as traditional chemical companies including DSM, BASF, DuPont, Braskem, Dow, and more turn toward investment in several commercially-viable biobased chemicals. Recent financing announcements from Amyris, Calysta Energy, Global Bioenergies, Saudi Aramco Energy Ventures, and more support this assertion. The […]

January 6, 2014 More

New report predicts renewable chemicals market worth $83.4 billion by 2018

In Texas, MarketsandMarkets “Renewable Chemicals Market – Alcohols (Ethanol, Methanol), Biopolymers (Starch, PLA, PHA, Polyethylene and Others), Platform Chemicals and Others – Global Trends and Forecasts to 2018″ predicts that the market will grow from an estimated $57.5 billion in 2012 to $83.4 billion by 2018, with a CAGR of 7.7% from 2013 to 2018. […]

June 25, 2013 More

The Renewable Chemical Industry Must Speak with One Voice

By Brent Erickson, Executive Vice-President, BIO; head, Industrial Biotechnology & Environment section Because of biotechnology innovation, the renewable chemical space is quickly becoming a robust part of the biorefinery landscape. BIO and its renewable chemicals companies have fought a long battle to be included in federal policies that support other renewable technologies. The industry has […]

May 23, 2013 More

Bilbray, Pascrell introduce Qualifying Renewable Chemical Production Tax Credit Act of 2012.

In Washington, Congressmen Brian Bilbray and Bill Pascrell have introduced H.R. 4953, the Qualifying Renewable Chemical Production Tax Credit Act of 2012.  The bill would provide tax incentives for companies that make products using renewable resources such as algae, non-harvested wheat, soybeans and switch grass.  The Paramus Post quotes Pascrell as saying, “With this bill, […]

May 9, 2012 More

LanzaTech raises $58M in Series C round; Petronas becomes strategic investor

Malaysia’s national oil company invests in early-stage advanced biofuels venture. Is SE Asia the next stop for LanzaTech’s magic microorganism? In Illinois, LanzaTech announced that it has closed its Series C round with new investment totaling US $55.8 million led by the Malaysian Life Sciences Capital Fund. New investors include Petronas Technology Ventures Sdn Bhd, […]

January 23, 2012 More

Sustainable chemical industry: $1 trillion by 2022, says BIO

In Washington, BIO submitted written testimony to the Finance Subcommittee on Energy, Natural Resources and Infrastructure. Brent Erickson, executive vice president for BIO stated, “The renewable chemicals and sustainable biobased products industries are also helping reduce U.S. dependence on foreign sources of energy while creating significant numbers of jobs. The global sustainable chemical industry is […]

December 27, 2011 More

Renewable chemicals: US$76.8 billion by the year 2017, says report

In California, Global Intelligence Analysts announced the release of their global report on Renewable Chemicals market, forecasting it to reach US$76.8 billion by the year 2017. GIA sites sustained increase in crude oil prices and the need for new energy sources from eco-friendly feedstocks will rekindle investors’ interest and lead to improvements in capital spending […]

October 19, 2011 More

UK's TSB running contest for renewable chemical development

In the United Kingdom, the Technology Strategy Board is running a competition to fund the development and commercialization of innovative processes that will generate high value chemicals through industrial biotechnology. Up to £2.5m will be invested and applications are invited for both feasibility and collaborative research and development projects. The TSB is looking for projects […]

September 14, 2011 More

The 30 Hottest Companies in Renewable Chemicals and Materials

In Florida, Renewable chemicals developer Genomatica took the #1 spot in the 2011-12 “30 Hottest Companies in Renewable Chemicals and Materials” rankings. This is the first annual poll focused on renewable chemicals. Solazyme (#2), Amyris (#3), Gevo (#4), LS9 (#5), Dupont (#6), Codexis (#7), Genencor (#8), Novozymes (#9) and ZeaChem (#10) round out the top […]

July 27, 2011 More