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11 Mart 2015 Çarşamba

Joint venture agreement between Renmatix and Total

Renmatix is known as the leading cellulosic sugar developer which is in highlights now for joining a developmental agreement with Total, one of the biggest integrated oil and gas companies of the world. Both the companies have signed the agreement for investment and research programs under mutual benefit strategies. According to the agreement, Total will utilize Plantrose process of Renmatix using special feedstocks for extraction of sugar which can be further employed to develop bio-products.

Read more about the news here - http://www.bioplasticsmagazine.com/en/news/meldungen/20150406-Joint-Venture-Renmatix-and-Total-.php

Bernard Clement, Senior VP of Total New Energies stated that the technology of Renmatix for extraction of second generation sugars from biomass has potential of benefit cellulosic sugars in a significant manner. Total’s efforts of developing eco-friendly bio products is also a milestone towards the goal of attaining sustainability.

On the other hand, Mike Hamilton, the CEO of Renmatix states that joining the development agreement with a global oil and gas leader like Total is really a way towards signaling the importance of cellulosic sugars on the way to growth of bio-economy. This approach is also directly related to the transformative impact of Plantrose technology. This is how Total can help more to allow Renmatix to work with the pace setters of forestry, fuel and chemistry. The Plantrose technology of Renmatix utilizes hot pressurized water in the form of solvent and works for reducing costs for conversion of biomass to cellulosic sugars. 

10 Mart 2015 Salı

The Caserta plant of GFBiochemicals to become the biggest producer of Levulinic acid from biomass

GFBiochemicals, the biobased chemicals group in Italy has specialized in the research, development and manufacturing of various fuels and chemicals which are based on biomaterials. The company is going to start commercialization of levulinic acid as a result of proprietary breakthrough technology. Levulinic acid is nothing but a basic chemical having special potential for replacement of petroleum based products in biofuel and chemical industry. As the product is derived from biomass such as bagasse, manure, brewery waste and biomass, it is biodegradable. According to a latest study about Levulinic Acid Market, the market of this product has been analyzed for growth at a CAGR of 4.52 percent during the period of 5 years from 2014 to 2019.

Read more about this news here - http://www.bioplasticsmagazine.com/en/news/meldungen/20150303-Commercialization-Levulinic-Acid-from-GFBiochemicals.php

The company is working on development and testing of the processing technology from 2008. According to spokesperson of GFBiochemicals the commercial production of Levulinic acid will begin in Italy plant this year. An innovative production line in Caserta has been planned with efficiency of 2,000 MT that will make the plant the biggest producer of levulinic acid in the world. Designing and operational features of data have been planned with the prospectus of future production estimating the annual capacity for scaling up to 8000 MT per year by 2017.

13 Şubat 2015 Cuma

Collaboration of Braskem with Michelin and Amyris

One of the largest petrochemical companies in Americas Braskem, which is one of the leaders in the production of biopolymers, is collaborated with Michelin and Amyris on 2011 for renewable isoprene. These three companies will be working in the best condition to give the best output. They will be using latest technological developments in the field of plant sugars which are mostly found in Brazilian countries in order to produce renewable isoprene. As these three countries are main leaders in the market they will be performing their task on behalf of one another.


For more details please visit website - http://www.gupta-verlag.com/general/news/industry/15572/Braskem-joins-Amyris-and-Michelin-to-cooperate-on-renewable-isoprene?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+gv/news+(Dr.+Gupta+Verlag+komplett+%E2%80%93+RSS-Feed+mit+allen+engl.+Nachrichten)


Braskem will be getting the right in sharing along with commercializing the renewable isoprene technology which is provided to him by the Amyris. On the next side Michelin will be partial on some matter where they will not directly access to the renewable isoprenes which are produced by using the latest technology. Thus this collaboration has done in order to commercialize along with the development of renewable isoprene which is sourced from different biomass in order to clear the path in producing isoprene. Their agreements on financial matter are not disclosed easily as there are some unique things which are sharing between the biggest petrochemicals of America.

1 Şubat 2015 Pazar

Bayer MaterialScience represented innovative milestones for development of polyurethanes

Bayer MaterialScience introduced new milestones in the development of polyurethanes during the European Coatings Show 2015 in Numerberg. The company is underscoring worldwide leadership in raw materials polyurethane for eco friendly coatings and adhesives as well as for good performance. Also, the company highlighted requirement of this product for customers.

According to the statement of a member of the executive committee of the company, Daniel Meyer, the milestones introduced during the event also involve the global premier of a bio-based derivative of PDI for hardening the adhesives and coatings.

Read more about the deal here- http://www.bioplasticsmagazine.com/en/news/meldungen/20150128Bayer-PDI.php

Bayer MaterialScience has an intention of bringing the first product based upon PDI in April, 2015. The commercial production of this product will be followed in 2016 with the expectation of about 20K metric tons per annum. The manufacturing of these products will be carried out with the help of the gas phase technology as it is highly energy efficient. The demand of renewable raw materials based products is going higher day by day. According to Bayer MaterialScience, PDI is nothing but a new isocyanate in which 70 percent carbon content belongs to biomass without any generation of direct competition for food manufacturing. For evaluation of some more uses for PDI based raw materials, a comprehensive technology foundation is being worked upon. 

15 Aralık 2014 Pazartesi

Mazda to develop innovative bioplastic with high quality finish for exterior auto parts

The latest announcement by Mazda Motor Corporation is regarding its collaboration with Mitsubishi Chemical Corporation as the company has developed an innovative bioplastic which will be applied in exterior designing parts of automobiles in 2015. As the company is active for development of technologies in the field of biomass for several years, it has secured its extensive place in the world class automakers. The first high strength heat resistant bioplastic for automobiles has been developed by Mazda only as well as the first biofabric of the world for automobile seat upholstery is marketed under the label of Mazda biotech material.


Read more about the deal here - http://www.bioplasticsmagazine.com/en/news/meldungen/20141211Mazda-biioplastics-exterior.php

Regarding exterior parts of automobiles, high end finishing and classy weather resistance property is the first priority. Attaining this combination of properties with bioplastics, Mazda has secured the credit to beat great technical challenge. Optimization of composition of advance, well developed and highly flexible biobased plastic that can work well as a base material with smart additives. This is how the company can carry out production of durable parts with high quality finishing.

According to the company’s spokesperson, the latest developed bioplastic material is something to offer smooth, mirror like finishing to the surface to make it suitable for external automobile parts.

30 Kasım 2014 Pazar

Pioneering efforts of CAC in sugarcane fossils to improve bioplastics production

It has been the continuous rise in the demands of bioplastics and bioproducts that has compelled the leading industries and companies to enter into the evolving market of fossil-based production. The emphasis has been put on the sugarcane production which is being seen in a much-larger perspective than just getting sugar as the end product.

http://www.sunstar.com.ph/bacolod/opinion/2014/11/28/sanchez-sugarcane-bioplastics-379052 mentions that steps are being taken by CAC to sign MOA with different universities to boost the research work and technical development to bring more bioplastics on the market floor. At the same time, the company is also willing to get hands on more sugarcane mills and industries in Philippines that can further improve the production of sugarcane.


There is no denying the fact that South East Asian countries, notably Thailand is the current leader in the production and marketing of bioplastics, quickly followed by Latin America. Since consumers are looking for more bioplastics options in different fields due to increased environmental awareness, time is ripe to invest into research work, technology and improved production of bioplastics.


Rather than taking refined sugar as the final output, sugarcane industry can play a greater role in the bioplastics research and production which has been underlined at http://www.sunstar.com.ph/bacolod/opinion/2014/11/28/sanchez-sugarcane-bioplastics-379052. Thailand boasts of more than 30 manufacturers of bioplastics, with investments of millions of dollars still in the pipeline. Detailed utilization of bioplastics has been greatly pioneered by Japan through Biomass Nippon Strategy and Biotechnology Strategic Scheme launched recently to overcome the effects of traditional plastics.

20 Ekim 2014 Pazartesi

Ethanol Europe and DuPont to join hands for manufacturing collaborative ethanol plant

The European bio-fuel industry is looking for the way to facilitate developmental plants for the production of cellulosic ethanol market through a collaborative venture between Ethanol Europe and DuPont. According to the spokesperson of DuPont, the collaboration between both the companies has an extensive idea to work with three leading components for the manufacturing of detailed research in commercial scale ethanol plant. This ethanol will be supplied to the bio-fuel market in Europe. Further the Foreign Investments’ Minister of Macedonia states that the project is also based on the idea of building an advance bio-refinery possessing the capacity of about 100 million liters. This plant is being planned for beginning of construction in 2016 which can be accomplished till 2018.

Read full story on this matter here at - http://www.biofuelsdigest.com/bdigest/2014/10/16/dupont-ethanol-europe-renewables-ink-pact-for-cellulosic-ethanol-in-macedonia/

This MOU project will lead way towards establishment of viable supply chain through utilization of energy crops and regional yield of oil seeds and cereals. This idea will help good incentives for renovation of biomass capacity on national level. Further, DuPont will work on cellulosic ethanol technology too for its commercialization in the Nevada bio-refinery. Here the main objective of the company revolves around supply of enzymes for unlocking sugar in biomass. On the other hand, Ethanol Europe plans for investment in development of sustainable agricultural strategy.

26 Eylül 2014 Cuma

Algix LLC to produce bioplastics from Algae

Many leading companies are working in the direction of developing bio-plastics and bio-based polymers for eco-friendly deals. Nowadays, Algix LLC Bioplastics Company is engaged in development of thermoplastic formulations and resins through feed-stocks. For this purpose, renewable sources are being used, the result of which is Algix Bio-resins. These resins developed by deriving up to 70 percent of their feed-stocks from aquatic biomass. In this direction, different concentrations of PP, PE, EVA, TPS etc are being applied for a wide range of end-use applications.

Read more about the deal here at – http://bioplastique.wordpress.com/2012/11/09/6363/

For commercialization and marketing of the algal biomass that works as feedstock for bioplastic conversion, Algix signed a partnership with the University of Georgia and Kimberly-Clark. The main objective of the company is to concentrate on industrial and agricultural operations like waste water treatment and livestock farming. In this series, biomass cultivation is the kind of thing that requires low cost nutrients. All these things make the company popular and appealing among the biomass producing companies. Apart from all this, the company is working for customization of bioplastic formula that will be applied in industrial, retail and commercial fields in a strong way. The clear vision and strong determination of the company together take it higher at the level of success.

17 Eylül 2014 Çarşamba

Braskem to join hands with Amyris and Michelin for production of Isoprene

Braskem, the world class manufacturer of sustainability products and polymers has announced to join the collaboration of Amyris and Michelin. The objective of this collaboration is generation and commercialization of isoprene for which various biomass works as the source.  As per the terms of agreement, all the three companies will work together for generation of a technology that will help utilization of bio-sugars for production of bio-polymers.

Under the terms of the agreement, Braskem, Michelin and Amyris will work together to develop a technology to utilize plant sugars, such as those found in Brazilian sugarcane or cellulosic feedstocks, to produce renewable isoprene. In America, Michelin and Amyris are the two reputed groups who will utilize expertise of Braskem for industrial development of isoprene.

Read full story about this production here at - http://www.biofuelsjournal.com/articles/Braskem_Partners_With_Amyris_and_Michelin_to_Accelerate_Industrialization_and_Commercialization_of_Renewable_Isoprene-143684.html

Although, Michelin is good for production of biopolymers but in this case, it will just maintain preferential of the production by accessing to the technology used for production of renewable isoprene. The most important thing to notice in this whole scenario is that the companies will not reveal their financial contributions and agreements for the production. The joint collaboration is beneficial for Michelin especially as this will offer some extra sustainable channel for poly-isoprene so that it can manufacture quality tires.

7 Eylül 2014 Pazar

Chitosan and fibroin to be used together at nano level for production of bioplastics

Irish scientists work with the objective of utilizing seaweeds for creation of bio-plastics in sustainable manner. For attaining the target of 10 percent bioplastics in the plastic market according to the EU2020 vision, the demand of rapid production of biodegradable plastics based on biomass is going higher.  In Harvard University, researchers are working for exploring shrimp shells to employ them for plastic that is degradable rapidly. The component found in these shells, chitosan and fibroin, the component found in silk are put together at nano level. As a result, the material manufactured is known as Shrilk, possessing two most important properties, malleable and sturdy. On the basis of this kind f fabrication, scientists can get a range of plastics with various properties.

Read more about the matter here at – http://www.plastemart.com/Plastic-Technical-Article.asp?LiteratureID=2143&Paper=Developments-in-bioplastics-feedstock-seaweed-shrimp-shells-microalgal-biomass

According to Ingber, lots of materials are there for which good ideas are expected from manufacturers.  Cost, design and durability of the product are the leading challenges, manufacturers need to take care about. Material and manufacturers are available and only the requirement of introducing it on the pipeline is there. On the other hand, various other projects are there using fodder, seaweeds and biomasses for development of plastic products. Scientists hope that soon they will have a whole variety of plastics with varied properties.

30 Ağustos 2014 Cumartesi

NREL of US Energy Dept. to plan conversion of lignin into valuable products

National Renewable Energy Laboratory of the US Energy Dept. suggests conversion of lignin into useful products. According to the researches of the group, a new method for upgrading this bio-based polymer into useful chemicals, fuels and materials has been researched. Lignin is an aromatic polymer found in cell wall of plants for making it strong. As depolymerization of this substance is not possible it cannot be employed for manufacturing of valuable products in its degraded form. That’s why the company is now planning to upgrade it directly into useful products.

Gregg Beckham, Senior Engineer at NREL stated that in general bio-refineries produce more lignin than requirement for conversion of cellulosic biomass into liquid fuel; the extra amount of lignin is used for power. The leftover amount of lignin is now being subjected for production of useful products through well planned strategies.

Know more about the deal here at – http://www.processingmagazine.com/articles/127835-us-researchers-highlight-possibilities-for-lignin-use

Research programs are also based upon the planning of using culture of organisms that utilize lignin; those organisms can be introduced into biological conversion process of the polymer. In this way, the heterogeneity of lignin can be overcome and various kinds of materials can be derived from lignocelluloses biomass. The value added products formed through lignin can involve low cost carbon fiber, thermoplastic elastomer and variety of fuels and chemicals.

28 Ağustos 2014 Perşembe

CCEI teams up with car and consumer goods companies for renewable plastics research

A research program declared by the University of Delaware for exploring methods regarding renewal of packaging bags, bottles and automotive components is stepping up a new milestone in the direction of industrial revolution. This program will be the joint effort of PET Technology Collaborative and Catalysis Center for Energy Innovation of the University. CCEI and PTC will work in collaboration for development and utilization of totally bio-based materials to manufacture renewable substances. According to the reliable sources, research members of the program will target chemical process for conversion of biomass to basic chemicals for development of sustainable consumer products.

Read more about the program here at – http://www.udel.edu/udaily/2015/aug/renewable-plastics-082614.html

Director of CCEI, Dion Vlachos states that use of sustainable materials for production of bioplastics not only offers flexibility in resources but also address global challenges for introduction of new materials in the bioplastics industry. On the other hand, the co-director of CCEI stated that the proposed material can be used at any proportion for production of economic and flexible products from the business point of view. Mixing the renewable products with petroleum based material simply offers the high level performance. In simple words, the research project is based on the objective of manufacturing superior class plastic that can be utilized in the field of food and beverage packaging, fabric and car parts.

21 Ağustos 2014 Perşembe

Planning of developing vacuum cleaner from biomass is going on in Netherlands

Netherlands is in lime light nowadays because of the news of production of vacuum cleaner from sugarcane. Royal Cosun and Philips, the agricultural group has planned to work upon a special project, Beets to biopolymers. The main objective of this project is to develop chemical building blocks which are required for production of high level plastics. The company has been developed more than a century ago by Dutch sugar beet producers. These producers worked in collaboration as a union. Now the group manufactures potatoes, vegetables, chicory and all. Now the company plans to use raw materials after processing of food. So, the idea of taking extraction of the raw materials into consideration as non food applications occurred. In this series, biogas is being produced from residual products.

Read more about the project here at - http://www.bioplasticsmagazine.com/en/news/meldungen/Vacuum-cleaner-from-sugar-beet.php

Now, the agricultural group is looking for the idea of utilizing bioplastics for replacement of petro-based plastics with the help of biomass. According to the plans of the company, vacuum cleaner and coffee machines are the two products which are being planned to be developed from agricultural residues. Philips and Cosun together are looking for the way to confirm efficiency of bio-based building blocks. Good news is that the results in beginning are really positive.

19 Ağustos 2014 Salı

National science Foundation awarded $20 million grant to University of Minnesota

Continuous development in the industry of bio-based and sustainable products is introduces far effective and efficient eco friendly options. According to the center for sustainable polymers of University of Minnesota, the center has been awarded with a grant of 20 million dollars from the National Science Foundation for development of bio-based plastics. Till now, this center is one among those NSF centers which are working for chemical innovation on national level. The director of the center for sustainable polymers, Marc Hillmyer states that there is no lack of efficient bioplastics in the market till now still the company works upon the objective of availing more reasonable and high performance products which can replace the plastics which are manufactured from non renewable sources. Further he states that their researches will promote this kind of discoveries and help the industrial partners for translating good work in the market.

Read more about this matter here at –  http://www.biomassmagazine.com/articles/10801/csp-receives-20-million-nsf-grant-to-pioneer-bioplastics

In order to tackle the goal, the center for sustainable polymers in the university is planning an outstanding strategy. Useful biomass is being tried for conversion into plastic with more efficient approach and sustainability. The developed plastic is expected to be non toxic, biodegradable and recyclable. This will help to keep the environment clean and free from pollution.

16 Ağustos 2014 Cumartesi

Genomatica to proceed for development of nylon intermediate to meet international demand

Genomatica possesses eight issued U.S. patents and multiple pending applications internationally for caprolactam and adipic acid. Many options are there for the company for growth of engineering plastics developed with bio-based content. The company declares that majority of nylon intermediates are on focus for the 3rd publicly revealed development program. These intermediates also involve caprolactam, adipic acid and hexamethylenediamine. Moreover, a development process technology is on progress for the production of bio-based materials out of these intermediates. In this way, a rough estimation of the annual market from these three chemicals is more than 18 billion dollars.   

Read more about the matter here at - http://www.themoldingblog.com/2014/08/11/genomatica-announces-move-into-nylon-intermediates/

Now, the company is engaged in the bio-based process that offers the same chemical that are made up of petroleum based feedbacks. Also, one more thing being taken under consideration in the production is to evaluate economics and sustainability of the product. One more benefit of the opportunity is to avoid the unwanted price rise in oil based plastics; in addition, the products will be eco friendly as per expectation. As the process of developing biobased products include some micro-organisms, cellulose sugar from biomass and conventional sugars comprise the feedstock for them. Nylon intermediates are recovered through the fermentation process.

4 Ağustos 2014 Pazartesi

M&G Chemicals with Anhui Guozhen Settingup Bio-refinery to Produce Cellulosic Ethanol

M&G Chemicals declared recently that its subsidiary M&G International is going to enter into a collaborative project with Anhui Guozhen CO, Ltd. The company has decided to use PROFESA technology for conversion of agricultural wastes into ethanol, glycols and cellulosic ethanol in the city. M&G and Gouzhen signed a long term agreement for supply and receiving of biomass; the biomass is planned to be converted with the help of an enzyme ‘Novozyme’. Both the companies are planning for declaration of second joint venture under which they will convert lignin into steam and electricity. Read more about this joint venture here at - http://www.specialchem4polymers.com/resources/latest/displaynews.aspx?id=10928

According to CEO of M&G, Marco Ghisolfi, ‘The Company’s management team is excited about completion of the first step processing of the project. Also, they want to say thanks to Guozhen management for this joint venture’. On the other hand, chairman of Guozhen group, LiWei states that it is really an important project for both the companies and even for the city as it will create a bio-friendly and sustainable environment in the Fuyang city.

In this green refinery project, M&G and Gouzhen both the companies are bearing 70 and 30 percent shares respectively. Total investment in this project is about 325 million US dollars.

19 Temmuz 2014 Cumartesi

Bio based industries and EU to join hands for developing the bio-based industry

The joint undertaking among bio-based industries and EU is there to be known as public private partnership. As the partnership has completed about a decade, total budget it possesses is EUR 3.705 billion. About 3/4th of this amount will be contribution of various partners. JU industries are good to organize invitation of proposals. Europe based upgraded bio-refineries are good to become good source of sustainable biomass. This joint partnership works on the objective of contributing for development of more resources and efficient economy promoting techniques.

Read here more about this collaborative project at - http://www.specialchem4adhesives.com/resources/latest/displaynews.aspx?id=7864

Sustainable bio-based products in Europe are subjected for evolution of new techniques in Europe. The entire process is carried out through supportive researches, demonstration and implementation of research activities. Innovative actions are also taken instantly to meet the best outcome.

The Bio-based industries is a new public private partnership to work actually for promotion of biobased consortium. The 2020 Horizon in the scientific world is objected to be met with all goals under this partnership. For this purpose, the partnership is working for driving the vision and application of innovative strategies. This will definitely help development of the environment as biobased products produce lesser environment pollution.

14 Temmuz 2014 Pazartesi

SEKAB to collaborate with locally grown plastics for development of bio-based products

Locally grown plastics is working now under an exclusive which involves complete production chain for bio-plastics. This project is in collaboration between SEKAB. As SP Processum is the leading sponsor the company is expected to utilize full resources from forest industry and packaging manufacturers. Moreover, additional partners of the project are Holmen, Sodra, Borealis, Trioplast, Sveakog and Tetra Pak. Read more about the project here at – http://www.sekab.com/media?nd_ukey=c558a509958ac3b6122d3c84480e1fae&nd_view=view_pressrelease&nd_nr_of_items=3&nd_id=1011728

According to the Ylwa Alwarsdotter, the executive vice president of SEKAB’s Market Development, locally grown plastics are an important milestone for promotion of biobased economy. This plan can support the industry to experience its efficiency. As many types of plastics are manufactured from oil, sustainable society can help the industry to evolve a whole new trend in this field. Whether one talks about raw materials for development of bio-based plastics or alternatives for the same, Brazil has gained extensive reputation in the bio-based industry for production of quality bio plastics.  

Thore Lindgren, the Executive Vice President of SEKAB E technology states that use of biomass is the matter of great selection for chemical production industry. Developed countries like Australia, Asia and China just centralize their attention on agricultural residues so that they can easily evaluate the production chain and its benefits. Identification of technological changes is also an important part of the processing.

13 Haziran 2014 Cuma

Segetis granted $325K, plans commercial capability

According to the current declaration of Segetis, the company has been awarded with $325,000 under the Next Gen Energy Grant funding by the Dept. of agriculture of Minnesota. Earlier, Segetis also got the fund of $ 21.2 million from IRRRB (Iron Range Resources and Rehabilitation Board). From the account of the Biomass magazine, this fund is to be use for buying operational materials, equipments and capital construction. The pilot plant of the company in Minnesota will be developed with this fund through utilization of optimization process. Know more about the matter here at -http://greenchemicalsblog.com/2014/06/09/segetis-gets-325k-grant-plans-commercial-facility/

According to the report, the company is currently planning for set up of a commercial plant in Hoyt Lakes, Minnesota for the production of levulinic acid with the expected capacity of 35 million pounds of plasticizer. The company is currently receiving levulinic acid from China. Due to lack of the lignocellulosic feedstock, there are not many sources of levulinic acid in the world. The projected pilot plant of Segetis is expected for building within 18 months. With the expected investment of $105 million in set up of this commercial plant, Segetis declares to invest 70 percent of the fund for the project. Levulinic acid is known to be one among the top 12 biobased chemical building blocks.

4 Mayıs 2014 Pazar

Why all traffic lights becoming green for BioAmber?

BioAmber is paving its new way towards success by declaring that it will supply at least 80 percent of PTTMCC Biochem’s bio succinic acid requirements within upcoming 3 years. Mitsubishi and PTT together set up their joint venture in the form of PTTMCC Biochem. This united project is subjected for production and sales of PBS i.e. polybutylene succinate which is made up of succinic acid and 1,4 butanediol. JV partners are working for development of a PBS plant which is expected to offer about 20K tons production every year. According to BioAmber, the projected PBS plant will have full capacity of consuming up to 14K tons per year while BioAmber signed an agreement to supply up to 11,200 tons bio succinic acid to PTTMCC by 2017.  More about the matter can be discovered here - www.biofuelsdigest.com/bdigest/2014/05/01/why-are-all-the-traffic-lights-turning-green-for-bioamber/

BioAmber has two special properties to meet this exclusive task. First, the company focuses on the right products first, the Biomass program manager of the company, Paul Bryan highlighted good opportunities in the production of bio succinic acid and related benefits of this deal with utilization of oxygen in Biomass. Secondly, the company has created a strong strategy on the basis of careful aggregation of various factors linked with the goal. From investment to outcome, they know well how to earn good revenue and run an effective R&D program.