Cobalt partners with two Asian companies biobased butadiene development

Cobalt partners with two Asian companies for biobased butadiene development

7:45 AM, 16th April 2013
Cobalt partners with two Asian companies for biobased butadiene development

CALIFORNIA, US: Cobalt Technologies announced a strategic relationship with two prominent Asian chemical companies for the development of a complete biomass-to-butadiene solution, to be followed by construction of a commercial-scale biorefinery in Asia. The partners also plan to build or license additional plants to support the high growth in global butadiene demand. In support of the relationship, the partners made an equity investment in Cobalt.

Cobalt and the partners will work together on the development of integrated technology for the conversion of biomass to butadiene. The integrated technology will form the basis for construction of a commercial-scale biomass-to-butadiene biorefinery. Work to date has demonstrated that this solution can be highly competitive with petroleum-based butadiene under current market conditions. Technology development is expected to be completed in 2014 with construction of the first plant to follow.

“This agreement validates Cobalt’s ability to leverage its biobutanol platform into large high-value markets for downstream chemicals. With this agreement, we now have a path to fully-funded, large scale commercial projects in two of the three main geographies for bio-based projects - Asia and Brazil. We believe that our long term focus on using biomass-based feedstock, as opposed to food-based sugars, has resulted in a technology advantage and lower cost production that is attracting partners worldwide,” said  Bob Mayer, CEO, Cobalt Technologies.

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