July 19, 2011

Introducing Global Bioenergies

I am still waiting for Dow Chemical officials to answer my questions regarding their announcement today about their joint venture with Mitsui on sugarcane-based plastics in Brazil.

In the meantime, let's talk about France-based Global Bioenergies, which also announced today their collaboration with Poland-based rubber manufacturer Synthos on the development and commercialization of bio-based butadiene for rubber manufacture.

Global Bioenergies said it will receive from Synthos R&D funding, multi-million euro development fees and royalty payments on sales of bio-butadiene for the manufacturing of rubber. Synthos also plunked EUR1.4m ($1.98m) for a 3.6% stake in Global Bioenergies.

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