Business Briefs

By Staff | June 05, 2014

Lignetics announces acquisition
Lignetics Inc. has announced it was acquired by Taglich Private Equity LLC, Management and Gladstone Capital Corp., which provided subordinated debt and equity financing, along with Texas Capital Bank, which provided senior debt in support of the transaction. Lignetics manufactures and distributes wood pellets from three U.S. production facilities. The transaction is expected to give Lignetics the capital base to pursue expansion plans.

Newlight completes Series C
financing round
Newlight Technologies has completed a Series C financing round, raising $9.2 million from both new and existing investors, and bringing the company’s total capital raise to $18.8 million. The company has developed a process to convert greenhouse gases, such as methane, into carbon-negative plastics. Newlight has announced it is using its patented methane-to-PHA bioconversion technology to convert biogas from farms, water treatment plants, and municipal landfills into a high-value PHA-based thermoplastic material called AirCarbon at commercial scale.

Amyris, BASF enter agreement
Amyris Inc. has entered a collaborative research and development agreement with BASF SE. Under the agreement, Amyris will use its strain engineering technology to develop a microorganism capable of producing a target molecule identified by BASF.

Meredian receives FDA approval
Biopolymer manufacture Meredian Inc. has announced the receipt of a food substance contact notification approval from the U.S. Food and Drug Administration. The approval certifies that certain biopolymers crafted by Meredian are entirely safe to use as food containers and storage for the general public.

Aurora Algae expands operations
Aurora Algae has announced it is expanding its test facility in South Texas, beginning with four 1-acre cultivation pods and a harvesting system. The move comes after six months of testing and evaluation, which converted the potential for commercial-scale algae cultivation in South Texas. The company also operated a demonstration-scale cultivation facility in Karratha, Western Australia.

Bloomberg New Energy
awards 2 biorefining firms
Bloomberg New Energy Finance recently announced its selection of 2014 New Energy Pioneers. The list of 10 winners includes two biorefining companies: Genomatica and Renmatix. Genomatica develops and licenses manufacturing processes for biobased chemicals. Renmatix is a technology licenser that enables the production of petrochemicals from plants.

Cool Planet Energy Systems
adds chief technology officer
Cool Planet Energy Systems has added Jan Thijssen as its new chief technology officer. Thijssen has advised governments and Fortune 500 companies in the oil and gas, materials, and utility industries in North America, Europe and Asia. Working with some of the world’s leading financial institutions, he has analyzed and evaluated more than 100 emerging energy companies and biobased product companies. Thijssen will be leading the Cool Planet Research and Development organization that is based in Camarillo, Calif., as it continues to advance and deploy the company’s technology at commercial scale.

Seeger Green Energy
launches new website
Seeger Green Energy LLC, the North American, South American and African subsidiary of German company Seeger Engineering AG, has announced the launch of a new website. The site was designed to provide essential information on green energy and how Seeger can become a partner for companies interested in renewable energy and biomass.
BTEC recognizes Wallowa Resources
The Biomass Thermal Energy Council announced that Wallowa Resources has become a new participant in the Biomass Green Heat Registered Site program. The Enterprise, Ore., nonprofit organization installed two pellet boilers that meet 85 percent of its heating needs and replace 20,000 gallons of heating oil.

Biodome announces product orders
Biodome International, part of the Kirk Group, announced it will design and supply seven top-mounted gas holder roofs and tow ground-mounted membrane gas holders to three dairy farms in the Pacific Northwest. The gas holder system provides necessary equipment to extend existing processing plants present on the farms to handle growing amounts of waste while creating renewable energy through the anaerobic digestion process. The seven gas holder roofs will be constructed on top of existing digester tanks to capture biogas and reduce odor.