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The two companies plan to use Genomatica's biological BDO process technology in late 2012 and expect to produce 40 million pounds per year.
According to the agreement, Novamont will invest the necessary construction funds and purchase the materials produced by the plant. The company will also be responsible for the BDO production process, while Genomatica will provide basic engineering services and provide technology transfer. The two companies will share the benefits created by the factory in accordance with the provisions of the terms.
Genomatica's production technology supports the development of Novamont's grade Mater-Bi biodegradable materials. With this production technology, the chemical industry will change its face, and the use of renewable raw materials for efficient production will no longer be a problem.
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