6 December 2012
Details
Global Bioenergies and Synthos
annouced the discovery of a direct pathway
to convert renewable resources into butadiene.
(Bio-sourced Butadiene)
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Milestones
1. The Discovery Phase
- In July 2011, Global Bioenergies entered into a
strategic partnership with Synthos, The agreement
aimed at developing a process to convert
renewable feedstock into butadiene.
- The first phase of the partnership was dedicated to
the discovery of metabolic pathways to convert
renewable feedstocks into butadiene through
a direct, gaseous fermentation process.
- The discovery phase has now been successfully accomplished
for the first time ever a direct biological route to butadiene
has been experimentally proven, Several patents have been
filed to protect these biological assets.
- The success of the first phase triggered
a Euro 1.5 million milestone payment to Global Bioenergies.
2. The Development phase
- The butadiene programs now enters into development phase,
for which Synthos will contribute several million Euros
in total through yearly fees.
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Aฺฺbout Global Bioenergies
- Global Bioenergies shall receive royalty payments from
Synthos on bio-sourced butadiene used for
the manufacturing of rubbers.
- Global Bioenergies retain the exclusive rights for
non-rubber applications such as nylon, plastics and latexes,
representing an existing market exceeding US $ 6 billion.
About Butadiene
- A light olefin lying at the heart of petrochemical industry
- Presently, 10 million tons of butadiene are produced
each year from oil,
- representing a market exceeding $ 20 billion
- 7 million tons of butadiene are used to manufacture
rubbers and
- 3 million tons of butadiene are use to manufacture
nylon, plastics and latexes.
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About Synthos S.A.
- Synthos S.A. is one of the largest manufacturers of
chemical raw materials in Poland
- as well as Europe's No.1 manufacturer of
rubber emulsions and
- third largest manufacturer of polystyrene for
foaming applications
Benefit to Synthos
- The development of an eco-friendly and cost attractive
bio-sourced butadiene process will allow the manufacturing
of a new generations of rubber products and will
provide Synthos with a clear competitive advantage.
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