UPM, Renmatix collaborate biochemicals

UPM, Renmatix to collaborate for biochemicals

9:29 AM, 12th June 2013
UPM, Renmatix to collaborate for biochemicals

HELSINKI, FINLAND: UPM and Renmatix Inc have entered into a non-exclusive joint development agreement in the area of biochemicals. Both companies will further develop Renmatix’s water-based Plantrose process to convert woody biomass into low-cost sugar intermediates for subsequent downstream processing into biochemicals. Offering cost-competitive bio-alternatives for select petrochemicals on an industrial scale is the long term goal of this initiative.

“We believe this pioneering approach leads to real cost advantages over conventional methods. Our growing relationship with UPM gives Renmatix an opportunity to support them expanding the Biofore story. It reinforces the demand that exists for licensing Plantrose technology as the bridge between sustainable sources of upstream biomass, and downstream manufacturing of biochemicals and fuels,” said Mike Hamilton, CEO, Renmatix.

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