Novamont & Genomatica Form a Joint Venture to Support the Growth of Bioplastics
- Aug 22, 2011
Genomatica and Novamont announced that they have signed a letter of intent to establish a joint venture that is expected to lead to the first industrial plants in Europe producing butanediol (BDO) from renewable feedstocks. Novamont, one of the leading producers of biodegradable bioplastics, will consume the BDO for captive use to meet the increasing demand for its products.
Rapid industrialization, 40 million pounds per year from first plant
The first plant is expected to have a production capacity of approximately 40 million pounds per year and will be located in Italy. The companies intend to convert an existing industrial site to use Genomatica's BDO production processes to begin production of this intermediate...
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