November 16, 2009

Weekly News Roundup

For those who thought the blog forgot its Weekly News Roundup, I was actually considering not doing it this week as I wasn't able to compile them last week. Fortunately, my Google Reader came to the rescue!

Here are last week's news in no particular order. I will put a separate post about the DOE's biomass grant announced last week.

More money for Metabolix
Bioplastic developer Metabolix has completed its public offering of 3,450,000 shares of its common stock at a price of $9.00 per share for gross proceeds of $31 million. The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes.

Recycled plastic bridges
Axion International Holdings completed its $957,000 contract for the construction of two railroad bridges designed from nearly 100% recycled plastics. The US Army has commissioned each of these bridges to be built at Fort Eustis, Virginia.

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