March 9, 2009

Weekly News Roundup

A lot of green news came out last week and I had to weed them out to 6. Interesting enough is that a lot of them are about new investments amid the current tight chemical company budgets.

On other news, there are continuous debate going on regarding the Obama administration's carbon emission plans as well as a vocal "No We Can't" from various business and manufacturing groups on the Environmental Protection Agency's (EPA) plan to regulate carbon dioxide as a pollutant under the Clean Air Act.

You can read more about EPA's move in Joe Kamalick's February 26 Insight article on ICIS (subscription required). If you want information for free, here are this week's green news:

Epoxy boost from wind
Hexion Specialty Chemicals will build a new epoxy resin production facility in Esslingen,
Germany, which are vital materials used in the production of windmill blades for the wind energy market. Hexion says it is one of the leading global suppliers of specialty epoxy resin systems to the wind energy market.

Canadian biotech funding
Biotech company Performance Plants Inc. (PPI) will receive up to $5,565,063 in funding from Sustainable Development Technology Canada, which will be used to advance PPI's trait technologies that improve conversion of cellulose into cost-effective biofuels and biochemicals.

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