Last week, BASF and Purac (a subsidiary of CSM) announced the formation of a bio-based succinic acid joint venture. The joint venture uses a novel organism, Basfia succiniciproducens (a bacteria named after BASF – where it was developed). The two companies have been working together since 2009 to de...
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News Commentary | March 05, 2021
Spinnova and its previous partner, Suzano, have formed a joint venture investing an estimated €22 million to construct its commercial facility in Jyväskylä, Finland. The plant is expected to come online by the end of 2022. Spinnova's expanded production capacity will serve its new partner H&M ... Not part of subscription
News Commentary | August 30, 2021
This announcement is the first piece of positive news for the succinic acid space in years. In late 2018, LCY acquired the Sarnia plant and said it would continue BioAmber's legacy and produce succinic acid, at least in the short run. Today, the company is producing 18,000 metric tons of succinic ... Not part of subscription
News Commentary | October 06, 2021
ADM and LG Chem have teamed up before, announcing a joint development agreement on bio‑based acrylic acid back in 2019. The two are now expanding their partnership in the bio‑based space and plan to launch a joint venture to bring online a commercial facility for high‑purity corn‑based lactic acid. ... Not part of subscription