
Evonik invests in biobased lubricant maker Biosynthetic Technologies
Besides Evonik, BP Ventures and Monsanto are the other companies who are funding Biosynthetic Technologies Evonik has closed on an equity investment in Biosynthetic Technologies (BT), a specialist in biobased lubricants headquartered in Irvine (California, USA). The investment is a part of Evonik’s plans to invest a total of Euro 100 million in highly promising start-ups with break-through technologies and leading specialist venture capital funds. Biosynthetic Technologies ha

VitAg Closes on More than $110 Million in Financing
VitAg Corporation, a specialty fertilizer company, announced today that the Company and its affiliates recently closed equity and debt financing of more than $110 million which will be used in part to construct a biosolids-to-fertilizer facility in Zellwood, Florida. The financings consist of (i) an equity investment led by TPG Alternative and Renewable Technologies (ART), who is now the largest shareholder in the Company; (ii) a $64 million offering of 22-year tax-exempt bon