Teijin just announced plans to increase production of its Biofront polylactic acid (PLA) fivefold, to 5,000 tons in 2010. The announcement is just the latest in a string of attacks on the company's former partner, NatureWorks. Earlier this summer, Teijin bailed out of its polylactic acid (PLA) biopl...
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News Commentary | November 19, 2020
The polypropylene (PP) recycler and Procter & Gamble spinout agreed to merge with a special‑purpose acquisition company (SPAC) to list on the NASDAQ and raise another $300 million in equity funding (to add to the $250 million bond it placed last month) – achieving an eye‑popping $1.2 billion ... Not part of subscription
News Commentary | November 25, 2020
MycoWorks announced the opening of its Reishi production plant in Emeryville, California, as well as additional $45 million Series B funding to further scale up its material. In addition to investment firms including WTT Investment Ltd., DCVC Bio, and Novo Holdings, two celebrities also invested in ... Not part of subscription
News Commentary | May 19, 2021
Under the agreement, Cove will obtain 350 million pounds (nearly 160,000 metric tons) of PHA, supplied by RWDC, over five years. On an annual basis, this amount is close to what all PHA producers combined are producing today. While RWDC is setting itself an ambitious goal to scale, it has the ... Not part of subscription