Investment
Sappi North America launches full production of sustainable packaging following $500 M expansion
Sappi North America announced it is now delivering commercial products after completing Project Elevate. This $500 million project expanded and converted Paper Machine No. 2 (PM2) at the Somerset Mill in Maine. The project aims to meet rising demand for…
ÄIO secures €1M to develop fermentation-based oils to replace palm and coconut oils
ÄIO, an Estonian biotech company, has secured €1 million in funding. The company develops sustainable, non-animal fats through fermentation. The funds will accelerate research and development. ÄIO aims to replace traditional oils used in cosmetics and chemicals. Its oils are…
Argentine biofertilizer firm gains first investment from Gates Foundation
Puna Bio announced the closing of its Series A funding round, led by Corteva Catalyst and supported by other global investors. The Gates Foundation joined as a new investor in the company. This marks the foundation's first investment in an…
XCF plans multiple SAF plants, aims for nearly $1 B investment by 2028
XCF Global announced plans to invest nearly $1 billion in synthetic aviation fuel (SAF) production. The company aims to develop multiple facilities in the U.S. and abroad by 2028. The New Rise Reno plant, which cost $350 million, is already…
Biotech Booster secures final funding, ensuring support until 2032
The Dutch government has approved the second tranche of the National Growth Fund grant for Biotech Booster. This decision finalizes the funding, ensuring the program continues until 2032. The total grant amounts to €246 million through 2022. This award follows…
EU-funded project aims to replace chemical pesticides with biobased alternatives
The European Union (EU) has awarded €4.9 million to a new project aimed at transforming pest control in agriculture with eco-friendly alternatives to chemical pesticides. The project, CROPSAFE (Crop Protection Strategies for the Transition to Environmentally-Friendly Agriculture), is led by…