The U.S. Department of Agriculture (USDA) announced on December 20 an investment of $9.5 million to support the scale-up of three biobased product projects. The three successful projects are funded through USDA’s National Institute of Food and Agriculture’s (NIFA) Bioproduct Pilot Program, which funds research and development of value-added products from agricultural commodities.
Australia – SRA secures AU$14.5 million from Queensland government for cane research [Registered]
The Queensland Government is funding a 5-year AU$14.25 million (US$9.8 million) grant to Sugar Research Australia Limited (SRA) for research, development and extension (RD&E) activities.
Guyana – GuySuCo receives over US$36 million this year from the government to prop up the company [Full subscriber]
The Guyana parliament has approved an additional GY$1 billion (US$4.8 million) to support the purchase of agricultural equipment and factory upgrade amidst concerns that the state-owned Guyana Sugar Corporation (GuySuCo) company has racked up debt over GY$12 billion so far this year, according to local press reports.
Bluestem Biosciences raises US$5 million for producing chemicals via fermentation platform [Registered]
The US-based biotech start-up Bluestem Biosciences has secured US$5 million in seed financing to pursue the production of chemicals via anaerobic fermentation.
Hysata secures over US$29 million funding to develop a pilot plant for its ultra-efficient electrolyser [Registered]
Australian start-up Hysata claims to have developed the world’s most efficient electrolyser. As a result, it has attracted AU$42.5 million (US$29.4 million) in an oversubscribed Series A funding round. The […]
Biosyntia secures €11.5 million funding to produce biobased vitamin B7 at commercial-scale [Registered]
The Danish biotech start-up Biosyntia has secured €11.5 million in funding from a strong syndicate of capital investors to support the production of natural ingredients for use in beauty and nutrition products such as vitamins and antioxidants via a precision fermentation platform.
US DoE offers US$59 million to expand biofuels production to decarbonise transportation sector [Full subscriber]
The US Department of Energy (DoE) said on June 1 that it would provide US$ 59 million to accelerate the production of biofuels for hard-to-decarbonise sectors such as aviation, marine and rail.
Verdagy secures US$25 million funding to scale its electrolyzer technology [Registered]
Verdagy, a green hydrogen developer with electrolyzer technology, has raised US$25 million to scale its technology from TDK Ventures who led the funding with participation from Orbia Ventures, BHP Ventures, Doral Energy Tech Ventures, Khosla Ventures, Shell Ventures, and Temasek.
Nigerian government funds irrigation infrastructure to expand cane production to the tune of US$73 million [Full subscriber]
To drive expansion in sugarcane production in the country, the government is to inject US$ 73 million for the development of irrigation infrastructure, Niyi Adebayo, minister of industry, announced on 20th December at a formal gathering.
Central African Republic – Sugar company SUCAF RCA funded a militia to safeguard its operations [Full subscriber]
A subsidiary of French’s largest wine producer, Castel Group, negotiated with a violent militia group in the Central African Republic (CAR) to have its sugar operations and market shares in the country protected, a US graft watchdog Sentry has revealed.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
Read more …Join us on LinkedIn
