Make your products visible globally with Elite Membership.
I agree to the terms and conditions
Existing User?
Sign In with Email
Remember Me Forgot Password?
New User?
Enter your registered Email ID to get reset password.
Elite Member
Individual Register
ESSEN, GERMANY: Evonik has closed on an equity investment in Biosynthetic Technologies, LLC, a specialist in biobased lubricants headquartered in Irvine, California, US. Biosynthetic Technologies has developed and manufactured a new class of bio-based synthetic oils called estolides that are used primarily in the passenger car motor oil and industrial lubricant sectors. Field trials have shown that the technical characteristics of the biobased synthetic oils made by Biosynthetic Technologies are exceptionally good, and include the ability to combat soot buildup in engines, which helps keep fuel consumption low. In addition to Evonik, BP Ventures also participated as a second strategic investor in this current funding round that focuses on growth. BP Ventures as well as Monsanto Company have already invested in previous financing rounds.
“Biosynthetic Technologies leads the way to high-quality sustainable lubricants. In view of the large automotive market and the strong trend towards fuel-economy and sustainability, this is a growing market with a strong fit to Evonik’s oil additives business,” said Dr Bernhard Mohr, Head of Venture Capital, Evonik.
© Worldofchemicals News
Login
ST PAUL, US: 3M will acquire, through Sumitomo 3M, Sumitomo Electric Industries Ltd’s 25 per cent interest in Sumitomo 3M Ltd for ¥90 billio ...
SIBERIA, RUSSIA: A mysterious crater has appeared at the ‘end of the world’ in Siberia, leaving a pit 80 metre wide and so deep it has not ...
BEIJING, CHINA: An international technology and manufacturing company, Invista, recently resolved a lawsuit against a Chinese engineer for misappropri ...
CLEVELAND, US: PolyOne Corporation, a premier global provider of specialized polymer materials, services and solutions, announced a realignment of its ...
DARMSTADT, GERMANY: Merck Serono, the biopharmaceutical division of Merck, announced the appointment of Luciano Rossetti, as Executive Vice ...
BRUSSELS, BELGIUM: Sasol Ltd, the world’s largest producer of gasoline from coal, had a €318 million ($433 million) European Union cartel f ...
Stay updated with the latest chemical industry trends and innovations.
Verification Code has been sent to
Please enter the Verification Code below to verify your Email Address.If you cannot see the email from "noreply@worldofchemicals.com" in your inbox,make sure to check your SPAM Folder