There were tons of green chemistry and biofuel announcements since last week and as what I've mentioned before, development activities in the green chemistry field seem to be increasing fast. I'll put a separate post for biofuels as there are big news as well in this area especially for biodiesel.
In the green chemistry sector, OPX Biotechnologies announced last week that they were now able to reduce their bio-acrylic production cost by 85% toward their commercial target of 50 cents/pound using their proprietary EDGE (Efficiency Directed Genome Engineering) technology. OPXBIO says that the global petroleum-based acrylic market is estimated at $8 billion today.
The company is currently constructing a pilot scale bioacrylic process which will be completed this year.
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