In California, Ferment, a venture studio that creates bio-enabled product companies, has launched a new $20 million studio fund to rapidly translate biology into products that solve targeted problems across sectors including energy, agriculture, materials, and health. The new fund’s first creation and $2.5 million investment is Alchemyca, a company that uses enzymes, sensors, and […]
In Tennessee, using technology developed by researchers working with the Center for Bioenergy Innovation at the Department of Energy’s Oak Ridge National Laboratory and Dartmouth College, startup company Terragia Biofuel is targeting commercial biofuels production that relies on plant waste material and consumes less energy. The technology can help meet the demand for billions of […]
In Washington, Biden-Harris administration released a new report, Building a Vibrant Domestic Biomanufacturing Ecosystem, to advance biotechnology and biomanufacturing as part of a broader national bioeconomy implementation plan. This announcement follows the 2022 National Biotechnology and Biomanufacturing Initiative (NBBI) Executive Order 14081 signed by President Biden to establish a strategic direction for domestic biomanufacturing expansion in the […]
In Belgium, Zymofix has secured €2 million in funding led by High-Tech Gründerfonds (HTGF), with participation from The Nest Family Office and VP Capital. This strategic investment will fuel Zymofix’s efforts to scale its proprietary fermentation technology, turning biomass residues into high-quality microorganisms for use in agricultural and industrial applications. Formerly known as N-Fix, Zymofix […]
In the UK, a collaboration between researchers from the University of Liverpool and the University of Georgia (UGA) aims to develop sustainable bioplastics. Supported by the UKRI Engineering & Physical Sciences Research Council (EPSRC) and the National Science Foundation (NSF), the ‘Sustainable Bioplastics Prepared by Ultrasonic Treatment with Low CO2 Footprint’ project looks to revolutionise […]
In Washington, Congresswoman Michelle Fischbach (MN-07) and several of her colleagues on the U.S. House Ways and Means Committee released a request for information from relevant stakeholders on biofuel tax policy. Public Law 117-169, enacted in 2022, made significant modifications to biofuel tax policy without any Republican input. With unified Republican government in Washington, the House […]
In California, Industrial Microbes (iMicrobes), a biomanufacturing company on a mission to accelerate the transition to sustainable materials, announced the successful completion of the first close of its seed round funding, bringing the company’s total investment to over $10M. The funding was led by First Bight Ventures, with participation from Universal Materials Incubator Co. (UMI). […]
In Brazil, Firefly Green Fuels signed a Memorandum of Understanding (MOU) with Sanepar, one of Brazil’s largest water and sanitation companies. This strategic partnership enhances Firefly’s access to sustainable feedstock for biofuels production while expanding its footprint into the growing Brazilian and Latin American markets. Through this new collaboration, Firefly Green Fuels and Sanepar will […]
In Illinois, Synata Bio has been awarded a $4.5 million grant from China’s National Development and Reform Commission (NDRC) for its Sylonto project. Sylonto is a joint venture formed in early 2023 to deploy Synata Bio’s technology into a commercial waste carbon-to-ethanol facility integrated into the Henan Energy Group’s chemicals production site, Henan Longyu. The […]
In Hong Kong, HSBC Hong Kong, Cathay Pacific and EcoCeres are launching a significant initiative to support the use of sustainable aviation fuel (SAF) in Hong Kong. By bringing together Hong Kong’s largest bank, its home airline, and a leading Hong Kong-based SAF producer, the collaboration aims to support a key innovation for the long-term […]
