CARLSBAD, Calif. & BADHOEVEDORP, Netherlands, June 10 (Bernama) -- Verdezyne, Inc.,
a privately-held industrial biotechnology company focused on producing
renewable chemicals, has reached an agreement with Will & Co, a
sales and marketing firm for raw materials, semi-finished products,
additives, and pigments, for distribution of Verdezyne’s first
commercial product. The exclusive agreement is for sales and
distribution of BIOLON™ DDDA (biobased dodecanedioic acid or “DC12”) in
Europe, one of the world’s largest chemical markets. BIOLON™ DDDA will
be produced at Verdezyne’s commercial-scale plant in Malaysia. The
agreement secures off-take for over 25% of the expected plant capacity.
Verdezyne’s
BIOLON™ DDDA is produced more sustainably than traditional
petroleum-derived intermediate chemicals and will be used to make
engineering polymer resins, automotive parts, toothbrush bristles,
cosmetics, fragrances, and more.
http://mrem.bernama.com/viewsm.php?idm=24635
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