08 April 2013 16:47 [Source: ICIS news]
LONDON (ICIS)--US-based renewable chemicals producer Myriant Corporation has signed a distribution agreement with German chemical distributor BCD Chemie, Myriant said on Monday.
Hamburg-based BCD Chemie will market and distribute Myriant’s bio-succinic acid and Myrifilm solvent in Austria, Germany and Switzerland, it added.
“BCD Chemie offers one of the most comprehensive chemical portfolios in Europe and, as such, its distribution network provides Myriant with access to forward-thinking chemical companies seeking to integrate bio-based chemicals into a wide range of applications,” said Alif Saleh, vice president of sales and marketing for Myriant.
“We are confident that BCD Chemie can extend our sales and marketing reach, accelerate our market entrance in key European markets, and provide customers with quality support across all applications for both products.”
“We see tremendous growth potential in Europe for Myriant’s bio-succinic acid and Myrifilm solvent across a wide range of applications,” said Johannes Weiner, head of corporate development with BCD Chemie.
The annual worldwide market for succinic acid is estimated at $7.5bn (€5.8bn) in existing and new applications, in the field of polymers, urethanes, plasticizers and coatings, Myriant said.
($1 = €0.77)
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