April 19, 2013

Versalis, Genomatica Bio-Butadiene JV

As the blog mentioned yesterday, development for bio-butadiene seems to be expanding as evident with the entry of Cobalt Technologies and its two Asia-based partners announced this week.

Last week, similar to what Cobalt Technologies is planning, Versalis and Genomatica formalized its technology joint venture agreement to develop a complete end-to-end process for on-purpose production of butadiene from non-food biomass as well as start licensing this technology across Europe, Asia and Africa.

Future licensees of the process, including Versalis, will provide the capital required for the construction and operation of their own plants. The JV will also be responsible for use and sale of the resulting bio-butadiene.

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