Home / Knowledge / News / Textiles / Genomatica bags 2014 Bloomberg New Energy Pioneers Award
Genomatica bags 2014 Bloomberg New Energy Pioneers Award
08
Apr '14
Genomatica has been named a winner of the 2014 Bloomberg New Energy Pioneers Award for developing process technologies to produce widely-used chemicals from alternative feedstocks rather than petroleum. Genomatica’s processes are designed to produce the exact same chemicals while delivering better economics and a smaller environmental footprint.
 
Every year, Bloomberg recognizes ten game-changing companies for innovation, momentum and potential global impact in industries including bioenergy, energy efficiency, digital energy, solar and water. Winners are judged by industry experts that are advised by Bloomberg New Energy Finance technology experts. 
 
According to Bloomberg, “Genomatica caught the judges' attention for its technology, innovative licensing strategy and the fact that it is already disrupting the market, with fast-growing revenues and impressive partnerships in place.”
 
Genomatica has the distinction of driving the first genuine commercialization of a biobased process for a major, high-volume intermediate chemical. Genomatica has gained support for its process technology through licenses to BASF and Novamont, and partnerships with many of the chemical industry’s largest firms. 
 
Companies including Lanxess, DSM, Toray, and Far Eastern New Century have proven successful production of their downstream products using Genomatica’s first commercialized process, GENO BDO.
 
Genomatica is also developing processes for additional major chemicals, with butadiene as its next target. To date, Genomatica has announced partnerships with Braskem and Versalis, with over $100 million in industry support for its butadiene development program. 
 
“Customers want more sustainable everyday products and the chemical industry is eager for technologies that make it easier to deliver those products,” said Christophe Schilling, Ph.D., CEO of Genomatica. “Biotechnology now offers a valuable option.
 
By licensing Genomatica’s process technologies to the mainstream chemical industry – with its strengths in capital, production, distribution and applications – we help accelerate the transition to more sustainable products.”
 
About Genomatica
Genomatica is a widely-recognized technology leader for the chemical industry. It develops manufacturing processes that enable its licensee partners to produce the world’s most widely-used chemicals a ‘better way,’ from alternative feedstocks, with better economics and greater sustainability than petroleum-based processes.

Genomatica

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search