BASF and Renmatix together for the production of industrial sugars based on lignocellulosic biomass

Headquarter of Basf in Ludwigshafen
Headquarter of Basf in Ludwigshafen

BASF and Renmatix 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.

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