28 June 2010 10:18 [Source: ICIS news]
SINGAPORE (ICIS news)--DSM has signed a joint venture with France-based starch and polyols producer Roquette Fréres for the production, commercialisation and market development of bio-based succinic acid, the Netherlands-based chemicals and life sciences group said on Monday.
DSM and Roquette would each have a 50% stake in the joint venture, Reverdia, which would be headquartered in the Netherlands, according to a statement from DSM.
The two firms will market bio-based succinic acid via the joint venture and were also working together to further expand their joint capacity, DSM said.
The joint venture, subject to regulatory approval, would focus on such applications as 1,4 butanediol (BDO), polyurethane resins and biopolymers, such as polybutylene succinate, for use in automotives, textiles, and paints and coatings, it said.
“DSM and Roquette believe that fermentation-based succinic acid will be able to replace existing fossil-based succinic acid as well as open new applications, while delivering better environmental performance,” the statement said.
The two companies have been working together since 2008 to develop and produce bio-based succinic acid, DSM said.
Trial production of bio-based succinic acid – a renewable C4 building block used in the manufacture of polymers and resins – has already started at a demonstration plant at Lestrem, France, which was built in 2009, it said.
DSM said many companies intend to take shipments from the Lestrem plant upon the formation of the joint venture.
“Bio-based chemistry will become important in the future as fossil feedstocks will become scarce and more expensive…We are looking forward to commercialising and scaling up the production [of bio-based succinic acid] in the near future,” said Guy Talbourdet, CEO of Roquette.
No financial terms of the deal were disclosed.
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