Genomatica announced it issued $90 million in its latest equity offering, strengthening its balance sheet to fully execute on its business plan and fuel new growth opportunities. Participants include new lead investor Casdin Capital, returning investor Viking Global Investors, which continues as Genomatica's largest shareholder, and organism engineering partner Ginkgo Bioworks. Genomatica also announced it is expanding its relationship with Ginkgo to accelerate biotechnology innovations for widely-used chemicals.
Ashland says production at a German intermediate facility hit by fire earlier this month will not restart until late September at the earliest
BASF has raised prices in Europe by as much as €300 per metric ton as demand returns for its butanediol-based chemicals.