ANN ARBOR, MICHIGAN, June 23rd, 2020— Ecovia Renewables Inc., a Michigan-based biotechnology company focused on the research and development of high-performing biobased materials and ingredients, announced today that it was the recipient of a $148,000 loan under the US Small Business Administration's Paycheck Protection Program (PPP) to help small businesses weather the impact of COVID-19. This loan could qualify for partial or complete forgiveness if Ecovia meets certain conditions under the revised terms of the PPP Flexibility Act, as signed into law on June 5th, 2020.
Ecovia Renewables Announces Major Partnership; Raises $1 Million in Seed Financing
ANN ARBOR, MICHIGAN, April 6th, 2018— Ecovia Renewables Inc. announced today that the company has signed a multi-year joint-development agreement with Seppic Inc, a member of the Seppic Group, a leading designer and manufacturer of specialty ingredients. Under the agreement, the two parties will co-develop a suite of high-performing, biobased and biodegradable polymers for topical applications in the health and beauty markets. Similarly, Seppic will have exclusive marketing rights to products made using Ecovia’s technology, a proprietary fermentation platform inspired by Ecovia CEO Dr. Jeremy Minty’s work on engineering microbial ecosystems.