GLOBAL BIOENERGIES
Cooperation with Synthos on biobased butadiene / French group secures the right for applications not based on natural rubber
In an effort to develop butadiene from renewable feedstocks, Global Bioenergies (Evry / France; www.global-bioenergies.com) has entered into a cooperation with Synthos (Oswiecim / Poland; www.synthosgroup.com), under the terms of which the former will focus on laboratory-scale R&D whereas the latter is to realise the processes on an industrial scale at a later stage.
In addition, Synthos will invest EUR 1.4m in the French bio-tech company, in return for which it will receive 3.6% in Global Bioenergies’ shares. The French company is also supposed to receive additional R&D grants as well as royalties on Synthos’ proprietary bio-butadiene, used in natural rubber applications. Global Bioenergies reserves the exlusive rights to applications beyond the natural rubber sphere.
At present, butadiene – an important petrochemical feedstock – can only be sourced from crude oil. According to Global Bioenergies, the global butadiene market is worth around USD 31 bn (about EUR 21.2 bn). Two-thirds of the roughly 10m t of butadiene produced each year go into the manufacture of artificial rubber, while the remaining third is reserved for the manufacture of polyamide, ABS, latex and other polymers.
In addition, Synthos will invest EUR 1.4m in the French bio-tech company, in return for which it will receive 3.6% in Global Bioenergies’ shares. The French company is also supposed to receive additional R&D grants as well as royalties on Synthos’ proprietary bio-butadiene, used in natural rubber applications. Global Bioenergies reserves the exlusive rights to applications beyond the natural rubber sphere.
At present, butadiene – an important petrochemical feedstock – can only be sourced from crude oil. According to Global Bioenergies, the global butadiene market is worth around USD 31 bn (about EUR 21.2 bn). Two-thirds of the roughly 10m t of butadiene produced each year go into the manufacture of artificial rubber, while the remaining third is reserved for the manufacture of polyamide, ABS, latex and other polymers.
22.07.2011 Plasteurope.com [219904-0]
Published on 22.07.2011