January 4, 2012

BASF invests in Renmatix

Just like Coca-Cola's announcement of partnering with Gevo, Virent and Avantium, the renewable chemicals world take notice when chemical giants such as BASF, Dow Chemical and DuPont announced further investments in this field.

BASF's $30m investment in US cellulosic sugar developer Renmatix signals the German chemical firm's intent to expand its feedstock source especially for its renewable chemicals and materials portfolio.

BASF has been greatly expanding its renewable chemicals portfolio over the last few years especially in the bioplastic arena. BASF, by the way, is one of the top 4 global BDO suppliers and getting a cellulosic sugar-based BDO is probably one of BASF's agenda.

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