Last Thursday, DNP Green Technology announced a partnership with GreenField Ethanol to build a $50m bio-succinic acid refinery that will produce de-icing solutions. The bio-succinic acid technology, which came from DNP's joint venture company Bioamber, will be licensed by the new partnership. Bioamber just started its 2,000 tons/year bio-succinic acid plant in Pomacle, France, early this year.
Greenfield will build and operate the refinery in Ontario, Canada, although DNP says it will hold a significant stake at the new joint venture. Feedstock for the refinery will come from grain-derived glucose, according to DNP Green. The joint venture plans to work with distributors in the various market segments, including Basic Solutions, a provider of innovative runway de-icing solutions.
DNP Green has really been getting very busy this year after just acquiring US-based bioplastic company Sinoven Biopolymers, which produces high performance biodegradable polybutylene succinate (PBS) plastic using Bioamber's succinic acid technology.