Technip, CIMV joint venture biorefinery

Technip, CIMV joint venture for biorefinery

4:25 AM, 5th April 2012
Technip, CIMV joint venture for biorefinery

PARIS, FRANCE: Technip signed a cooperation agreement in the green chemistry business with the Compagnie Industrielle de la Matiere Vegetale (CIMV) to industrialize CIMV’s process. The two companies have been working together for the past five years. During this period, CIMV’s process has been identified as a disruptive technology in the field of green chemistry. Today, this technology is among the only ones in the market capable of converting solid biomass into hydrocarbons that can be used as a feedstock by the petrochemical industry. The CIMV technology can thus be seen as a key enabler for the sustainable green chemistry sector based on non-edible feedstock.

More recently, in parallel with the technical collaboration, Technip established a sales force to promote the CIMV process outside France, along with the wide range of bio-sourced applications it offers industrial companies. “This agreement will allow our start-up to launch its industrial programme. With Technip’s support, CIMV is now able to offer a coherent and solid range of products and services to all industrial companies wanting to develop new bio-sourced applications and anticipate future regulations,” said Thiery Scholastique, Chairman, CIMV.

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