Michelin announced in early November that that it has partnered with European research organizations, Axens and IFPEN (IFO Energies nouvelles), to develop and bring to market a process for producing bio-butadiene called "BioButterfly" process. The partners also committed to laying the groundwork for a future bio-sourced synthetic rubber industry in France.
BioButterfly is backed by a EUR52 million budget extending over 8 years. IFPEN will bring to the project its expertise on industrial processes and catalyzers, and Axen its process engineering and marketing of new technologies.
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