Genomatica and Novamont set up Italian renewable chemicals venture

Tue Jan 24 2012, 09:37 AM
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California-based Genomatica and Novamont are forming a joint venture to build a production plant for renewable butanediol (BDO) in Europe. Bioplastics maker Novamont will hold a majority interest in the venture, and plans to purchase the entire BDO output for use in its own biopolymer products. Bio-BDO is an intermediate chemical used to make products such as spandex, automotive plastics and insulation and reportedly has a USD4bn market worldwide.

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