The bio-butadiene (bio-BDE) technology developed by Versalis (Eni) in partnership with Genomatica has been named winner of the Environmental Achievement of the Year within the “Tire Technology International Awards for Excellence and Innovation”, the European independent award program for the tire industry.
Versalis (Group Eni) and Genomatica announced the signing of a definitive joint development and licensing agreement to establish a technology joint venture for bio-based butadiene.
The two companies will work together to develop a complete ”end-to-end’ process for the production of butadiene from non-food biomass.
The resulting process will be licensed across Europe, Asia and Africa by the newly-created joint venture. Future Licensees of the process, including Versalis, will provide the capital required for the construction and operation of their own plants, and be responsible for the use and sale of the resulting butadiene.
Versalis will provide over $20 million in funding to Genomatica to support development of the integrated end-to-end process. It will also aim to be the first to license the process and build commercial plants.