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January 27 2012

IEA says oil will rise to $247 per barrel by 2035

The International Energy Agency (IEA) expects nominal crude oil prices to reach $247 a barrel by 2035, almost twice the $133 assumed by the Organization of Petroleum Exporting Countries (OPEC), Bloomberg reports. This transpired during a meeting on 24 January in Riyadh where several experts from IEA, International Energy Forum (IEF) and OPEC reviewed uncertainties affecting the short, medium and long-term markets of oil.

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Bioengineered Escherichia coli converts seaweed into ethanol

A team of scientists from California's Bio Architecture Lab (BAL) have succeeded in bioengineering Escherichia coli to extract all the major sugars in seaweed (microalgae) and convert them into ethanol. BAL's E. coli could be modified to produce other renewable fuels and chemicals.

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Avantium partners with Rhodia to develop biobased polyamides

Rhodia and Avantium recently announced today that they have entered into a partnership to jointly develop a range of new bio-based polyamides.

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Novomer and Penford partner to produce biobased thermoplastics

The US based companies Novomer and Penford have entered into a joint development agreement that will leverage the two companies' core technologies and expertise to produce biobased thermoplastics. The partnership will exploit Novomer's expertise in sustainable polymers and Penford's expertise in specialty starch based formulations to create highly-functional, cost-effective, and biobased thermoplastics to extend or replace petroleum based plastics in barrier films and structured articles.

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