20 September 2013
Details
BASF Corporation,
a BASF's U.S. affiliate,
announced cash offer to acquire
Verenium Corporation. for
approximately US $ 62 million and
the acquisition is expected to close in
the fourth quarter of 2013.
About enzymes
- Enzymes are proteins that act as catalysts,
enabling or accelerating biological and chemical processes.
- They are used in the development of sustainable solutions
in a variety of applications such as detergents,
human and animal nutrition.
About Verenium
- Verenium is based in San Diego, California, USA,
and genertates sales of US $ 57 million in 2012.
- Enzyme Products are
* Phytase : Feed enzymes designed to improve the
the availability of phosphorous from plants sources
* Alpha-amylase : for starch liquefaction in fuel ethanol production
* Glucoamylase : for use in the fuel ethanol production
* Xylanase : for improving the efficiencies and economics of
fuel ethanol production
* Cellulase in : for industrial applications, it is useful for the
oil field service : breaking or hydrolysis of beta-linked carbohydrates
such as guar gum, derivatized guar and
carboxymethyl cellulose
* Alpha-amylase : for the removal of filter cake from the wellbore wall,
a critical process in oil drilling process
* Cotton Enzyme : for chemical scouring in cotton preparation
* Xylanase for pulp bleaching
Benefit to BASF
- Combining Verenium scientific and technological excellence
with BASF's enzyme activities and its global access into
all relevant markets will strengthen BASF's footprint
in the strategic enzyme growth market.
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