In Finland, Neste reported a 3rd quarter operating profit of EUR 435 million, which was its highest quarterly result ever. Renewable Products improved its sales margin compared to the previous quarter, and sales volumes were at a high level. Overall, Renewable Products’ comparable sales margin was USD 635/ton, and cash flow before financing activities was […]
In Denmark, Novozymes announced organic sales growth for 2019 to date of -2% (Q3: +1%). In its segements, results were: Household Care 0% (Q3: +5%, Food & Beverages -1% (Q3: +1%), Bioenergy -4% (Q3: -5%), Agriculture & Feed -3% (Q3: +3%), Technical & Pharma -3% (Q3: -14%). EBIT margin at 27.6% and net profit down […]
In Denmark, Novozymes said that long-time President & CEO Peder Holk Nielsen will leave his position in early 2020, and a successor will be announced shortly. No more details have been made available. Nielsen will leave at a time of turmoil in two key Novozymes US markets, agriculture and ethanol. More on the story.
These days, in the world of carbon policy, you call it the Climate Hoax if you don’t want to do anything, the Climate Crisis if you want to do something that no one could possibly afford. And if you would like to look to the Left you’re doing something, and to the Right as if […]
In Washington, the White House hosted the Summit on America’s Bioeconomy earlier this month, and the summary of the remarks is now available. The White House opined, “the Summit marked the first gathering at The White House of our Nation’s foremost bioeconomy experts, Federal officials, and industry leaders to discuss U.S. bioeconomy leadership, challenges, and […]
Today we want to look at a major disruptor working on advanced ingredients and nutraceuticals like DHA — you know, the reason we’re supposed to ingest fish oil at a zillion bucks a bottle, because we need those omega-3s. But fish don’t make them, they just accumulate them — why not get it from the […]
In Washington, U.S. Department of Agriculture Deputy Under Secretary Donald “DJ” LaVoy and U.S. Department of Energy Under Secretary of Energy Mark W. Menezes today announced a Memorandum of Understanding between the two departments to promote rural energy and the development of technologies that will support and advance rural and agricultural communities and domestic manufacturing. […]
Today we want to look at a major disruptor working on industrial chemicals made from every day plants. SIRONIX Renewables is a seed-stage company developing environmentally friendly and safe chemicals from plants to be used for industrial consumer products.
This week we lead with an artificial leaf, which kinda sorta goes with plant-based shopping bags — seems as if we’re going one way, then the other, as The Pretenders once sang. Also in the news this week are renewable fabric, a hydrogen-based truck as Renault and Hyundai made big announces in the fuel cell […]
As the International Renewable Energy Agency observed of the next decades, “transport and industry will still require combustible fuels for many purposes,” and those “needs could be met with hydrogen, which itself can be produced using renewable power.” The opportunity is threefold, IRENA predicts: Industry for replacing high-emission applications; Buildings and power; and Transport, where […]
