Navigation Links
EcoSphere(R) Biolatex(TM) Secures Funding from Granholm and Invest Michigan!
Date:12/9/2008

EcoSynthetix, a manufacturer of biobased replacements for petroleum-based chemicals was announced as the recipient of a $750,000 investment by the Michigan state pension fund.

LANSING, Mich. (Business Wire EON) December 9, 2008 -- Invest Michigan!, a program announced by Governor Jennifer Granholm earlier this year, selected EcoSynthetix as one of only two companies to receive capital in its first ever investment in high growth potential businesses in the state.

The $750,000 is part of a $10.5-million round of financing from a variety of private and public investment sources for EcoSynthetix, manufacturer of EcoSphere biolatex™, a biobased coating material used in paper products.

With 19 paper mills in Michigan, over 3.7 million tons of paper are produced here. The industry employs 4800 people, providing economic stability in their communities and representing a considerable tax base for the state. EcoSynthetix is targeting several mills in Michigan for conversion to its biolatex coating process next year.

"One of the reasons for our success is the fact that our new biolatex replaces a large percentage of petroleum-based binder in the paper coating process," states Richard Shatkosky, President of EcoSynthetix. "With the wildly fluctuating price of petroleum products in the market, the paper industry sees EcoSphere biolatex as a way to provide some stability in their production process."

EcoSphere biolatex is a starch based product that is used as a bonding and coating agent on a variety of both glossy and dull finish coated papers. "The product has some great ancillary benefits in paper manufacturing," states John van Leeuwen, C.E.O. of EcoSynthetix. "When we sampled the test runs with graphic designers, they noted that the paper coated with EcoSphere has better stiffness and feel than the same weight pape
'/>"/>

Source: PRWeb
Copyright©2008 Vocus, Inc.
All rights reserved  

Page: 1 2

Related biology technology :

1. Interface Biologics secures $5mm financing and appoints Thomas P. Reeves President and Chief Executive Officer
2. Queens secures £25M for UKs cyber safety
3. Queens secures £25m for UKs cyber-safety
4. Northwest Secures US$1.65 Million Debt Financing
5. NeoStem Secures $250,000 in an Above Market Financing and Expands Its Relationship With New England Cryogenic Center, Inc.
6. Transave, Inc. Secures $12.5 Million in New Financing
7. Northwest Secures US$1.0 Million Debt Financing
8. Trillium secures additional financing on the strength of lead program and proprietary position around the CD200 immunoregulatory pathway
9. Althea Technologies Secures $12 M Credit Line to Continue Facility Growth and Expansion
10. Progenitor Cell Therapy Secures Industry Accreditation
11. BIOCOM Institute Secures Non-Profit Designation and Funding
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
 EcoSphere(R) Biolatex(TM) Secures Funding from Granholm and Invest Michigan! 
(Date:9/19/2014)... 2014 Cereal grain scientists, quality ... gather October 5–8, 2014, for the AACC International ... Center in Providence, Rhode Island. The comprehensive scientific ... food scientists, chemists, microbiologists, nutritionists, and those interested ... management. To date, 1,000 attendees have registered for ...
(Date:9/18/2014)... Washington, USA (PRWEB) September 18, 2014 ... Representatives of a bill designed to stimulate development and ... jobs is being praised by leaders of SPIE, ... bill, the Revitalizing American Manufacturing and Innovation (RAMI) Act, ... The bill’s authors have said they are optimistic that ...
(Date:9/18/2014)... 2014 A novel robotic system that ... is currently being tested as part of a biomedical ... Boston with the aim of determining if the robot, ... cancer biopsies faster, more accurate, less costly, and less ... the potential to deliver prostate cancer therapies with greater ...
(Date:9/18/2014)... On Tuesday, Secretary of Energy Ernest Moniz joined ... Lab Day on the Hill. The event highlighted several ... Durbin and Risch also formally launched the Senate National ... reach of the national labs as leaders in developing ... our nation's most pressing challenges. , "The national labs ...
Breaking Biology Technology:Latest Research on Cereal Grain Quality, Health Benefits and Food Production to be Presented During the AACC International Annual Meeting 2Latest Research on Cereal Grain Quality, Health Benefits and Food Production to be Presented During the AACC International Annual Meeting 3House passage of high-tech manufacturing bill is move toward stronger economy, say SPIE leaders 2House passage of high-tech manufacturing bill is move toward stronger economy, say SPIE leaders 3Worcester Polytechnic Institute Participates in Clinical Trial for MRI-Compatible Robot Designed to Improve Accuracy of Prostate Cancer Biopsies 2Worcester Polytechnic Institute Participates in Clinical Trial for MRI-Compatible Robot Designed to Improve Accuracy of Prostate Cancer Biopsies 3Worcester Polytechnic Institute Participates in Clinical Trial for MRI-Compatible Robot Designed to Improve Accuracy of Prostate Cancer Biopsies 4Worcester Polytechnic Institute Participates in Clinical Trial for MRI-Compatible Robot Designed to Improve Accuracy of Prostate Cancer Biopsies 5Worcester Polytechnic Institute Participates in Clinical Trial for MRI-Compatible Robot Designed to Improve Accuracy of Prostate Cancer Biopsies 6Lab Day Highlight Labs' Contribution to U.S. Competitiveness and Innovation 2Lab Day Highlight Labs' Contribution to U.S. Competitiveness and Innovation 3
... ATLANTA, Sept. 29, 2011 GeoVax Labs, Inc. (OTCQB/OTCBB: ... and fight Human Immunodeficiency Virus (HIV) infections, announces that ... to receive academic honors on September 26 and October ... Officer Harriet L. Robinson, PhD, was honored as a ...
... as a symbol of long-lasting love. But semiconductor makers ... of long-lasting micromachines if a new method developed at ... carving these tough, capable crystals proves its worth.* The ... in a diamond surface, yielding potential benefits in both ...
... PLC (AIM: GTL) today conducted its annual meeting in London, ... Henderson, the non-executive chairman of the U.S. based bio-refining company, ... "GTL is pleased to report that margins ... period ending September 30, 2011 closely tracked the seasonal margins ...
Cached Biology Technology:GeoVax Labs' CSO and Chairman Receive Academic Honors 2GeoVax Labs' CSO and Chairman Receive Academic Honors 3NIST polishes method for creating tiny diamond machines 2
(Date:9/18/2014)... millions of Americans to undertake jaunts into the countryside each ... longer within a century, according to new research. , Climate ... the United States as summer temperatures linger later into the ... Ecology and Biogeography . For instance, the paper birch ... New Hampshire could change color one to three weeks ...
(Date:9/18/2014)... colleagues have built the first smartphone app that ... behavioral trends. In other words, your smartphone knows ... don,t -- and how that affects you. , ... depression and loneliness to their academic performance, also ... for example, to monitor mental health, trigger intervention ...
(Date:9/18/2014)... seem to be cheerful, happy-go-lucky characters, so you might ... life. , In fact some dogs are distinctly ... Sydney shows. , "This research is exciting because ... objectively and non-invasively. It offers researchers and dog owners ... that changes," said Dr Melissa Starling, from the Faculty ...
Breaking Biology News(10 mins):Fall foliage season may be later, but longer on warmer Earth 2Fall foliage season may be later, but longer on warmer Earth 3Fall foliage season may be later, but longer on warmer Earth 4New Dartmouth smartphone app reveals users' mental health, performance, behavior 2New Dartmouth smartphone app reveals users' mental health, performance, behavior 3New Dartmouth smartphone app reveals users' mental health, performance, behavior 4Dogs can be pessimists too 2Dogs can be pessimists too 3
... Mich. A new study finds that African ancestry ... type of cancer that has fewer treatment options. ... found that, among women with breast cancer, 82 percent ... African-Americans were and 16 percent of white Americans were. ...
... crocodiles and navigating around massive submerged trees, a team ... pools of Cara Blanca, Belize, which were important to ... divers found fossilized animal remains, bits of pottery and ... underwater cave. [Click here to see a ...
... years ago when the American Society for Cell Biology (ASCB) ... This year over 7,000 scientists from throughout the world ... Dec. 11 to 15 for ASCB,s 50th Annual Meeting. ... research on the cell, ASCB,s conferences are the largest yearly ...
Cached Biology News:Study links African ancestry to high-risk breast cancer 2Extreme archaeology: Divers plumb the mysteries of sacred Maya pools 2Extreme archaeology: Divers plumb the mysteries of sacred Maya pools 3Cell biology society celebrates 50th 2