April 19, 2010

Weekly News Roundup

A busy week last week especially in Washington with the introduction of the Safe Chemicals Act of 2010. I'm sure we'll hear more of those in the coming days ahead.

This week's blog is going to be sparse again as I work on two deadlines, one of them is an insight on the impact of Walmart's sustainability strategies (especially their recent greenhouse gas emissions reductions goal) on the chemical supply chain. Hopefully this will be interesting to the readers so stay tune for that as it comes out on ICIS Chemical Business' May 10 issue.

For now, here are this week's news roundup:

Allylix new funding
Allylix completed its $9 million Series C financing, which it received from new investor Middleland Capital as well as existing investors Blue Grass Angels, Life Science Angels, Tech Coast Angels, Pasadena Angels and Tate & Lyle Ventures.

Former NatureWorks CEO in Genomatica
Genomatica has appointed Dennis McGrew as executive vice president of business development and chief business officer, and Joseph Kuterbach as the vice president of operations, engineering and technology transfer. McGrew formerly served as president and CEO of NatureWorks while Kuterbach is a career veteran of Lyondell Basell.

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