December 13, 2010

Weekly News Roundup

Zeachem bags biorefinery funding
ZeaChem completed two key financial milestones in the construction of its 250,000 gallon-per-year biorefinery in Boardman, Ore., that will start up in 2011. The company obtained a guaranteed maximum price with engineering firm Burns & McDonnell, for construction of the core facility, which will convert sugars into acetic acid and then ethyl acetate; and ZeaChem also secured full construction funding (undisclosed) from investors for the core facility.

Agrivida and Syngenta in sugar collaboration
Agrivida is collaborating with Syngenta Ventures to develop advanced crop technology such as corn, sorghum, switchgrass and miscanthus that will provide low-cost sugars for biofuels and biochemicals applications. Under the terms of the agreement, Syngenta licenses to Agrivida access to crop technology and intellectual property in return for Agrivida equity.

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