InterviewOPXBIO in talks for fatty acids partnership: CEO

08 August 2013 16:02  [Source: ICIS news]

NEW YORK (ICIS)--US renewable chemicals company OPX Biotechnology (OPXBIO) is in discussions for a potential partnership in developing fatty acids using its process based on sugar or hydrogen and carbon dioxide (CO2), its chief executive said on Thursday.

“We are in active discussions and expect an announcement in the next six to 12 months. This will likely involve fatty acids for chemical uses rather than for fuel,” said Charles Eggert, president and CEO of OPXBIO.

OPXBIO’s fatty acid process uses either sugar feedstock or hydrogen and CO2 generated from biomass, solid waste, industrial off-gas or natural gas.

“We have a unique way to produce fatty acids via fermentation, resulting in higher yields and more specific fatty acids,” Eggert said.

Fatty acids can be used in industrial and personal care markets, or converted to diesel or jet fuel.

In April 2010, OPXBIO announced it had been awarded a $6.0m (€4.5m) grant from the US Department of Energy (DOE) to support development of advanced biofuels.

“We are now transitioning from DOE-supported work to an industrial partnership,” Eggert said.

($1 = €0.75)

By: Joseph Chang
+1 713 525 2653

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