Metabolix forms joint venture with Korean Firm C4 commercialization

Metabolix forms joint venture with Korean Firm for C4 commercialization

2:40 PM, 29th July 2011
Metabolix forms joint venture with Korean Firm for C4 commercialization
Rick Eno, President and CEO, Metabolix.

 

CAMBRIDGE, US: Metabolix Inc and CJ CheilJedang will jointly advance production technology and assess investment options for the commercialization of renewable C4 chemicals via fermentation.

As per the agreement, CJ will contribute fermentation assets and expertise to produce pilot quantities of dried whole fermentation broth containing raw C4 chemicals. Metabolix will continue the development of microbial strains and the scale-up of its proprietary FAST recovery process to produce high-purity C4 chemicals. The C4 chemical market is a $3 billion industry growing at 4 per cent per year.

The initial market entry is expected to be through gamma butyrolactone (GBL), with subsequent growth into butanediol (BDO), tetrahydrofuran (THF) and polyester engineering resins (PBT).

“We are excited to be working with a company with such a strong track record of growth. CJ’s global fermentation asset base and product expansion plans fit well with the market needs for C4 chemicals. Together, we hope to meet the strong market demand for this important family of materials,” noted Rick Eno, President and CEO, Metabolix.

© WOC News

 

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