Versalis, Genomatica Novamont produce biobased butadiene

Versalis, Genomatica and Novamont to produce biobased butadiene

10:43 AM, 24th July 2012
Versalis, Genomatica and Novamont to produce biobased butadiene
Daniele Ferrari, CEO, Versalis.

MILAN, ITALY: Versalis, Eni’s chemicals subsidiary, together with Genomatica, and Novamont signed a Memorandum of Understanding (MOU) to establish a strategic partnership to enable production of butadiene from renewable feedstocks. The partnership, on the basis of which a joint venture will be established, will develop a comprehensive ‘end-to-end’ process for production of polymer-grade butadiene from biomass.

Versalis will hold a majority interest in the joint venture and aims to be the first to build commercial plants using the process technology upon project success. This unique and important agreement brings together the core competencies of all three companies. Versalis will use Genomatica’s process technology for economically competitive and sustainable production of an important supply-constrained chemical.

“Genomatica’s process technology for on-purpose butadiene combined with our experience in downstream applications and our ability to rapidly scale and commercialize the process can expand our industry’s approach to C4 production, seizing a promising business opportunity in a market that is experiencing a critical time. This partnership, which follows the establishment of Matrica, the equal joint venture with Novamont for the production of monomers, intermediates and polymers from renewable sources, accelerates the entry of Versalis in that business by strengthening its leadership in elastomers, in line with the new strategy of focusing on products with high-added value,” said Daniele Ferrari, CEO, Versalis.

© WOC News  



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Evonik expands crosslinking booster production at Wesseling site

ESSEN, GERMANY: Evonik offers two high-quality crosslinking boosters in the products triallyl cyanurate (TAC) and triallyl isocyanurate (TAICROS). Giv ...

Read more
AkzoNobel successfully launches €750 million bond issue

AMSTERDAM, THE NETHERLANDS: AkzoNobel has launched a €750 million bond at attractive terms, with a ten year maturity, at a coupon of 2.625 per ce ...

Read more
Praxair bags Vale’s contract in Canada

DANBURY, US: Praxair Canada Inc, a subsidiary of Praxair Inc, has signed a new contract with Vale, a leading international mining company, to supply o ...

Read more
Euro-Pro uses Eastman’s Tritan copolyester in blender cups

KINGSPORT, US: Recognizing the need for durable, on-the-go blender cups, Euro-Pro Operating LLC, an innovative leader in the housewares industry, is u ...

Read more
WACKER produces 500 mn cartridges of adhesives and sealants at Nunchritz plant

MUNICH/NUNCHRITZ, GERMANY: Munich-based chemical group WACKER has produced half a billion cartridges of adhesives and sealants at the site since produ ...

Read more
Microbes gives flavour and fragrance to food and beverages

WASHINGTON DC, US: Suppliers of the orange, vanilla and other flavour and fragrance ingredients used in hundreds of foods, beverages and personal care ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X