18 December 2013
Details
BASF, Ludwigshafen, Germany,
and American technology provider
Renmatix Inc. of Philadelphia, Pennsylvania,
will jointly scale up the Renmatix Plantrose process
for the production of industrial sugars
based on lignocellulosic biomass.
The two companies signed
a non-exclusive joint development agreement.
The parties have agreed to key financial terms
for future commercial licenses,
which BASF can exercise at its discretion.
The collaboration follows
BASF’s $30 million investment in Renmatix
in January 2012.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
