Verenium reports financial results for the 1Q 2013

Verenium reports financial results for the 1Q 2013

FOCUS petroleum-based PET may now be a step closer to reaching that ‘holy grail,’ as a result of the Micromidas development. Micromidas currently is c...

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FOCUS petroleum-based PET may now be a step closer to reaching that ‘holy grail,’ as a result of the Micromidas development. Micromidas currently is commissioning a pilot plant with a nameplate capacity of 500 kg/day of p-xylene. The company’s highly selective synthesis produces only biobased p-xylene without the presence of m- or o-xylene isomers. Micromidas’ process achieves very high yields, utilizing a three-step standard chemical conversion with conventional reactor/separation equipment and configurations. The process involves no fermentation. Original Source: Micromidas, 2013. Found on SpecialChem Plastics and Elastomers Formulation, 10 May 2013, (Website: http://www.specialchem4polymers.com)

Mitsubishi Gas Chemical summary of consolidated results for 3Q FY 2012 (1 Apr-31 Dec 2012): natural gas chemicals Mitsubishi Gas Chemical Co Ltd’s total sales from its natural gas chemicals business fell from Yen 120,572 M in 3Q FY 2011 (1 Apr-31 Dec 2011) to Yen 118,220 M in 3Q FY 2012 (1 Apr-31 Dec 2012), while segment income decreased from Yen 11,918 M to Yen 11,858 M. The methanol business achieved an increase in revenue due to favourable developments in sales prices. Methanol and ammonia derivatives posted a decline in revenue because of lower sales prices for MMAbased products and neopentylglycol, primarily due to declines in demand resulting from the slowdown of the Chinese economy. Earnings from these derivatives, however, grew due to positive contributions including the change in the depreciation method. The enzyme and coenzyme business recorded low levels of revenue and earnings due to a lower sales volume for coenzyme Q10. Original Source: Mitsubishi Gas Chemical Company Inc (MGC), Mitsubishi Building 5-2, Marunouchi 2-chome Chiyoda-ku, Tokyo 100-8324, Japan, tel: +81 3 3283 5000, fax: +81 3 3287 0833, website: http://www.mgc.co.jp/eng/index.html (5 Feb 2013) © Mitsubishi Gas Chemical Company Inc 2013

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commercialisation of highperformance enzymes, reported financial results for the 1Q ended 31 Mar 2013, and also provided full year 2013 financial guidance. Loss from operations for the 1Q ended 3 Mar 2013 was $3.8 M compared to income from operations of $32 M for the 1Q 2012, on a GAAP accounting basis. Verenium also provided financial guidance for 2013 adjusted EBITDA of $10-12 M and Capital Expenditures of $3-4 M. Original Source: Verenium Corporation, 2013. Found on PR Newswire, 9 May 2013, (Website: http://www.prnewswire.com)

Verenium to introduce new enzyme product at 2013 International Fuel Ethanol Workshop & Expo Verenium Corp, a leading industrial biotechnology company focused on the development and commercialization of highperformance enzymes, announced that the company will introduce Deltazym APS protease for use in corn ethanol operations, at the upcoming 2013 International Fuel Ethanol Workshop (FEW) to be held 10-13 Jun 2013 in St Louis, MO. Deltazym APS protease is designed to enhance ethanol operations by improving yeast health for more efficient fermentations, while reducing the use of urea and emulsion breakers providing for improved ethanol plant profitability. Original Source: Verenium Corporation, 2013. Found on PR Newswire, 28 May 2013, (Website: http://www.prnewswire.com)

NEW PLANTS Incbio builds biodiesel facility for Biofuel Ltd

Verenium reports financial results for the 1Q 2013

Biofuel Ltd has commissioned Incbio to build a 2.4 M gallon/y biodiesel plant in Kuala Lumpur, Malaysia, for completion in summer 2013. Incbio’s ultrasonic reactors and solid catalyst acid esterification technology will be employed at the new plant to produce biodiesel from brown grease.

Verenium Corp, a leading industrial biotechnology company focused on the development and

Original Source: Biodiesel Magazine, May/Jun 2013, 10 (3), 10 (Website: http://www.biodieselmagazine.com/) © BBI International 2013

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Borealis inaugurates revolutionary catalyst plant at Linz Borealis inaugurated a new catalyst plant at their Linz location on 3 Jun 2013. The company has invested €100 M in the construction of this facility which will produce catalysts, utilising the proprietary Borealis Sirius catalyst technology. Catalysts enable a precise alignment of plastics properties with varying demands and requirements and help determine, among other things, the hardness, plasticity and/or elasticity of end products. The start-up of the plant will create 35 new jobs at the Linz location and strengthen Borealis’ position along the entire plastics value chain. The opening of the new catalyst plant in Linz is a central pillar of the growth strategy within the Borealis polyolefins business segment. Since 2007, the company has already invested €50 M in the development of its Innovation Headquarters in Linz, inaugurated in 2009. The construction of the catalyst plant involves an additional investment of €100 M. Upon commencement of full operations at the plant, 35 new employees will join the existing 1250 currently employed in Linz. Original Source: Borealis, website: http://www.borealisgroup.com (3 Jun 2013) © Borealis AG 2013

NEW TECHNOLOGY Platinum Metals Review’s latest issue focuses on catalyst technologies Platinum group metal (pgm) catalysts play an important role in many applications and it is a theme which features heavily in the latest issue of Platinum Metals Review. This issue’s Final Analysis by Jonathan Cooper and Paul Phillips from Johnson Matthey Emission Control Technologies, Royston, UK, examines the new legislation challenges associated with Euro 6 and how it will affect the development of various exhaust gas aftertreatment technologies. The most common aftertreatment for the control of oxides of nitrogen (NOx) in gasoline engines JULY 2013