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Sharks, beauty and synthetic biotech

GreenBiz

Synthetic biotechnology is projected to surpass $61 billion in revenue by 2030, driven by companies interested in shifting sourcing strategies away from petrochemicals or practices harmful for biodiversity.

Biotech 397
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New funding for biotechnology scale-ups in Scotland

Envirotec Magazine

A new fund has been launched by the Industrial Biotechnology Innovation Centre (IBioIC) to enable biotech companies to access specialist facilities, equipment and resources. IBioIC’s Facilities Access Fund will allow businesses to apply for grants of up to £10,000 to support critical research and development projects.

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Unilever invests in biotech alternatives to palm oil for greener cleaning

GreenBiz

New $120m venture aims to scale up biotechnology alternative to palm oil and fossil fuels used to make everyday products.

Biotech 370
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Start-up providing sustainable Omega-3 secures £2.3m funding

Envirotec Magazine

Edinburgh-based biotechnology start-up MiAlgae has secured further investment of £2.3m Championing the circular economy, the company has developed a novel biotechnology platform which uses low-value coproducts from the food and drink industry as a feedstock to initially grow microalgae rich in Omega-3 oils.

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Greener cleaning? Unilever and Genomatica team up to develop biotech alternatives to palm oil

Business Green

New £120m venture aims to scale up biotechnology alternative to palm oil and fossil fuels used to make everyday products. Unilever did not disclose the amount it had invested in the partnership, but confirmed it was the largest investment it had made to date in biotechnology alternatives to palm oil.

Biotech 68
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Swiss firm reveals first ever shoe made from carbon emissions

Envirotec Magazine

The CO is captured initially using technology from Italian biotech firm Lanzatech – a proprietary fermentation process that depends upon “selected and naturally occurring bacteria”, which converts the carbon-rich gas to ethanol.

Carbon 278
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Demo plant produces industrial sugars from mixed household waste fractions

Envirotec Magazine

A UK-based demonstration plant that generates industrial biotechnology sugars and other recycled material streams from the paper and card in mixed household waste has come online in May 2022. The products will be used in the production of several high-performance bio-based materials.

Waste 245