Billions pour into bioplastics as markets begin ramping up
In a world increasingly troubled by the persistent harm that plastic — manufactured in petrochemical plants — has had on the environment, companies are investing billions of dollars to ramp up production of plastics made from natural, renewable materials that can be safely composted or can biodegrade under the right conditions
New bio-based polymer PEF shows low CO2 footprintLVMH Perfumes & Cosmetics Houses signs offtake agreement with Avantium for the use of PEF for its cosmetics packaging
Avantium N.V., a leading technology company in renewable chemistry, announces that it has signed a conditional offtake agreement with world luxury goods leader LVMH Group (Moët Hennessy Louis Vuitton)
CJ BIO Amorphous Polyhydroxyalkanoate (PHA) demonstrates excellent biodegradability in natural marine environment in tests conducted by the national Korean testing agency (KCL)
Korea Conformity Laboratories (KCL) Tested Biodegradable Plastic Decomposition in Korea's West Sea. After 11 weeks in seawater, amorphous PHA film weight decreased 57%, semi crystalline PHA film declined 28%, and polylactic acid (PLA) 1.2%
Bolen: ‘Genuine Progress’ on Sustainable Fuels With Signing of Inflation Reduction Act Into Law
The expansive legislative package addresses a wide range of issues, including inflation reduction, domestic energy production and manufacturing, carbon emissions reductions, Medicare and health care costs, and tax loopholes
LG Chem and ADM Launch Joint Ventures, Announce Intended Location for U.S. Production of Lactic Acid and Polylactic Acid Production
Two joint ventures intend to produce 150,000 tons of lactic acid and 75,000 tons of polylactic acid annually to meet growing demand for plant-based solutions, including eco-friendly bioplastics. Intended location for new production facilities will be Decatur, Illinois, U.S., with final investment decision to be made in 2023
Climeworks becomes first supplier of long-term, technology-based carbon removal to Microsoft, as the companies sign a 10-year offtake agreement
Climeworks is excited to take its collaboration with Microsoft to the next level: following its selection as part of Microsoft’s carbon removal portfolio last year, the two companies have now closed a new 10-year carbon removal offtake agreement
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