So my news roundup schedule is busted the past two weeks but it's a shame to not post these announcements especially updates about bio-succinic acid. I have also several consulting studies on draft that hopefully will soon be posted (as soon as school final exams are over this week! Yeah!).
For now here are last week's big announcements. The biggest one by the way is oil company Valero dipping it's fingers in jatropha biodiesel for $3.5bn!
Valero's $3.5bn biodiesel deal
Australian biodiesel refiner and jatropha producer Mission NewEnergy entered a 5-year biodiesel supply deal with oil company Valero. Mission will supply Valero up to 200,000 tonnes/year of biodiesel and the option to double the amount and extend the contract to 5 more years. Valero also has the right to buy 25% of Mission's common shares. The deal represents gross revenue potential to Mission of over US$3.5 billion.
Bio-succinic in PBS plastic
Bioamber (a joint venture between DNP Green Technology and ARD) and Sinoven Biopolymers Inc. have signed a supply agreement for biobased succinic acid. Bioamber will be Sinoven's exclusive supplier of biobased succinic acid, enabling Sinoven to produce renewable modified polybutylene succinate plastic (PBS).
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