May 26, 2010
I am so happy to get this news as I will be able to add this information to my upcoming article about chemical companies investing in biotechnology.
German specialty chemical company Lanxess has just plunked $10m in bio-butanol developer Gevo, which is based in Denver, Colorado. Gevo and Lanxess plan to jointly develop and produce renewable-based isobutene, a key raw material in the manufacturing of butyl rubber. The companies said they intend to produce the chemical by dehydrating isobutanol.