Genomatica and Novamont go ahead with bio-based BDO joint venture

20 January 2012 18:29  [Source: ICIS news]

HOUSTON (ICIS)--Genomatica and Novamont will go ahead with a joint venture to produce butanediol (BDO) from renewable feedstocks at a 40m lb/year (18,000 tonnes/year) plant in Italy, they said on Friday.

The agreement’s follows a letter of intent from August last year between US-based industrial biotechnology firm Genomatica and Italian bioplastics producer Novamont.

Novamont will have a majority of the equity in the joint venture, and Genomatica a minority interest, the companies said without disclosing financial details.

Under the agreement, Novamont is converting a facility in Adria, Italy, to use Genomatica's BDO process, with production expected to start up in 2013.

Novamont will use the BDO for its production of biopolymers.

In addition, Novamont may build and operate a second BDO plant using Genomatica's process, the companies said.

Check out Doris de Guzman’s Green Chemicals Blog for views on sustainability issues

By: Stefan Baumgarten
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