Investment
Drax outlines a £3Bn investment plan to double biomass production
UK-based power generator company Drax has pledged for sustainable biomass production and sales of the product by 2030. The company aims to capitalise on increasing demand from Europe and Asia, as countries look to move away from coal. The North…
€2 billion partnership for European bio-industries
The Circular Bio-based Europe Joint Undertaking (CBE JU), a €2 billion public-private partnership between the Bio-Based Industries Consortium and the European Union, went into force on Tuesday, November 30th. The partnership will foster growth in Europe’s circular bio-based industries. The…
Charcoal company spearheads biochar R&D
French charcoal company Bordet has launched a public-private R&D programme into biochar worth more than €150, 000 euros. Finance comes partly from the French government and partly from Bordet. The government funds are part of France Relance, a post-Covid recovery…
AstraZeneca Launches a new £1billion Research Facility in the UK
Pharmaceutical company AstraZeneca opened a 1-billion-pound ($1.34Bn) research center near the University of Cambridge on Tuesday, 23rd November. Situated within the Cambridge Biomedical Campus, the facility aims to combine the best of Britain’s cutting-edge technology and the nation’s brightest minds.…
Invest Punjab and PSO RGAI sign MoU to promote renewable gas sector
The Punjab Bureau of Investment Promotion (Invest Punjab) signed a memorandum of understanding (MoU) with the Punjab State Office-Renewable Gas Association of India (PSO-RGAI), to promote biofuel projects and the renewable gas sector in Punjab. The Renewable Gas Association of…
Bioenergy Devco secures $100m to develop AD facilities
Bioenergy Devco has received a new $100 million (€86 million) investment. The financing comes from Irradiant Partners, and will be used to develop multiple anaerobic digestion (AD) facilities in North America. Irradiant is an alternative investment manager, and now joins…