In South Carolina, private equity firm Apollo Funds says it has signed a definitive agreement to acquire a majority stake in Novolex Holdings LLC, which makes packaging from fiber, renewable, recycled and biobased materials and resins, from Carlyle. Financial terms were not disclosed. Carlyle will retain a minority stake in Novolex, which has more than […]
In South Carolina, MycoWorks announced a $125 million Series C funding round led by Prime Movers Lab, with participation from new investors SK Networks and Mirabaud Lifestyle Impact & Innovation Fund, in addition to other new and existing investors including DCVC Bio, Novo Holdings, and others. The Series C funding round will be used to […]
In South Carolina, sustainable yoga mat producer Yoloha is using biobased thermoplastic elastomers produced by Swedish plastics compounder Hexpol. The customized material has 55% biobased content, high melt strength, and the cushioning needed for both long asanas and intense sun salutations. “I have worked with and tested most foams on the market from Natural […]
In South Carolina, Enviva Partners, LP and GreenGasUSA, an integrated renewable natural gas (RNG) solutions provider, announced a 10-year RNG offtake agreement to decarbonize natural gas-related emissions in Enviva’s operations. The agreement is expected to eliminate more than 64,000 metric tons of carbon dioxide (CO2) equivalent from the atmosphere every year, which equates to 14,000 […]
In South Carolina, Tidal Vision is building a production plant to manufacture textile treatments made from chitosan, a seafood industry byproduct from the shells of crabs and shrimp. Dubbed Tidal-Tex, the treatment is a drop-in replacement for the harmful chemicals often used in current textile treatments. “Our proprietary lower-cost chitosan technology, combined with lower freight […]
In South Carolina, Mainstream Pine Products, LLC, announced plans for an estimated $90 million crude tall oil (CTO) biorefinery at the Charleston International Manufacturing Center (CIMC) in Berkeley County. The biorefinery will be a highly advanced recycling facility with capacity to process 110,000 tons of CTO for use in a wide range of industrial applications. […]
In South Carolina, soybean is one of the top cash crops grown in South Carolina and some Clemson University researchers have helped discover an “important milestone” in developing heat-tolerant soybeans. A paper about their study, Comparative Lipidomic Analysis Reveals Heat Stress Responses of Two Soybean Genotypes Differing in Temperature Sensitivity, appears in the April 4 […]
In South Carolina, Carolina Opportunity Funds is pleased to announce that BioEconomy Solutions, a technology leader in sustainable agricultural crops for biofuels, animal feed, and food products such as Tiger Nut flour, as the first investment from the company’s IMPACT Carolina Fund, a Qualified Opportunity Fund designed to provide seed and early-stage financing to Qualified […]
In South Carolina, Green Energy Biofuels says it takes up to six gallons of cooking oil to fry a typical turkey. Recycling holiday oil and grease is a much cheaper alternative to the cost of repairs. Every drop poured down the drain increases the size of a growing clog in the sewage system, so do […]
In South Carolina, a Clemson University researcher has received a $500,000 grant from the U.S. Department of Agriculture National Institute of Food and Agriculture to develop genetically improved and more robust turfgrass and switchgrass. These perennial plants represent a multibillion-dollar segment of the U.S. agricultural economy. A key challenge to engineering better turf and switchgrass […]
