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Dow turns to AI to accelerate chemical search

CIO

With several million compounds to choose from, chemists often must resort to intuition when trying to solve complex problems around chemical processes. US multinational Dow Chemical was working with a pulp and paper manufacturer to improve inefficiencies in its chemical process with a goal of producing a better, safer pulp yield.

Chemicals 177
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Novoloop says it’s worked out how to upcycle plastic waste, raises $11M Series A

TechCrunch

Upcycling polyethylene (the normal ubiquitous plastic we are all familiar with) into high-value plastics that can compete with “virgin” plastic (meaning plastics made directly from petro-chemicals) is a fiendish problem to solve. Novoloop is setting out to transform plastic waste into high-performance chemicals and materials.

Chemicals 222
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Will enterprises soon keep their best gen AI use cases under wraps?

CIO

Normally, a CCO develops ideas about what the market needs and communicates them to a design team, which produces sketches to then be reviewed by the CCO. The victors may not be the greatest innovators, but they’ll be the best at protecting their innovations. It takes several iterations over weeks to get the drawings right.

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With a €43M EU grant and €1.2M from a VC, this startup plans to turn CO2 emissions into gold

TechCrunch

It claims to be able to capture CO 2 from industrial emitters at the point of emission using “synthetic biology” to develop biocatalysts (bacteria). These then convert the carbon dioxide into chemical compounds that are sold back to industry. If it can be scaled-up, this could turn even emissions into a revenue opportunity.

Chemicals 241
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New Age Meats bites into $25M for cultured meat product line development

TechCrunch

CEO Brian Spears has a chemical engineering background and co-founded the company, which makes meat from animal cells, in 2018 after spending 12 years developing research laboratory and industry automation. “We Brian Spears speaking at Hello Tomorrow Singapore. Image Credits: New Age Meats.

Culture 244
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How the new AI executive order stacks up: B-

CIO

As other recent technology waves have taught us, developments will simply come too fast for such an approach and will be driven by the speed of private industry. In contrast, US regulators must have a light touch with startups to maintain the country’s leadership position in innovation.

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Balance raises $56M to tip the one-click checkout scales in favor of B2B merchants

TechCrunch

There are many companies bringing one-click checkout to the direct-to-consumer marketplace, but few are developing similar tools for the business-to-business marketplace. It targets legacy industries not as digitally savvy in payments, including lumber, chemicals, steel, retail and food. That’s where Balance comes in.

B2B 174