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Bill Gates-Backed Venture Aims to Eliminate ‘Forever Chemicals’

/in , , /by /Bloomberg Lawby Tiffany Kary

A new venture backed by billionaire Bill Gates is trying to make sure that “forever chemicals” don’t really last that long.

Allonnia LLC, which launched Thursday with $40 million in Series A funding, is working to engineer microbes to get rid of pollutants in wastewater and soil. It’s starting with PFAS, an insidious class of chemicals that are widespread in U.S. drinking water and have otherwise proved resistant to breaking down, earning them the “forever” moniker.

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Lithium Startup Backed by Bill Gates Seeks a Breakthrough at the Salton Sea

/in , , /by /Los Angeles Timesby Sammy Roth

David Snydacker knew going in that California’s Imperial Valley was a “graveyard for lithium-extraction technologies.”

For years, companies had tried and failed to find a cost-effective way to pull the valuable mineral — a key ingredient in the batteries that power electric cars — from the naturally heated fluid deep beneath the Salton Sea. One of the most recent busts was Simbol Materials, a much-hyped startup that collapsed in 2015 shortly after Elon Musk’s Tesla Inc. offered to buy the firm for $325 million.

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