AkzoNobel Specialty Chemicals and Renmatix, a leader in the global plant-based technology movement, will jointly develop biomass-based performance additives that improve the properties of architectural paints and construction materials. Renmatix is one of the winners of the 2017 Imagine Chemistry challenge, a program through which AkzoNobel Specialty Chemicals collaborates with startups, scale-ups, scientists and others to uncover business opportunities for sustainable chemistry.
Renmatix, the U.S. leader in affordable cellulosic sugars headquartered in King of Prussia (Pennsylvania), announced a $14 million investment, led by Bill Gates. Industry demand for competitive alternatives to petro-derived molecules is gaining traction, despite recent market pressures. In the interest of expanding that supply, the Plantrose® process provides an enabling technology for profitable biorefineries. This investment in commercializing Plantrose will help drive towards the first wave of Renmatix licensees building Plantrose-enabled biorefineries in diverse global markets like Canada, India, Malaysia, the U.S. and elsewhere. In parallel, that activity will facilitate further market development in downstream bioproduct applications.
Amyris, the U.S. industrial bioscience company, has won a three-year multi-million dollar contract from the U.S. Department of Energy (DOE) to further the manufacturing of cellulose-derived farnesene for biofuels. The company led by John Melo, in cooperation with Renmatix and Total New Energies USA, will work to develop a manufacturing-ready process utilizing wood as the cellulosic feedstock to produce farnesene, a hydrocarbon building block used to manufacture a variety of products ranging from cosmetics to detergents, as well as base oils, lubricants, diesel and jet fuel.
“We see Europe as leading the way in bio-based innovation. There is a much closer lens on renewable chemistry from consumers in the EU, which compels companies to act faster. In general, European corporations tend to be more progressive and take more of a longview perspective than those in the US”. To say it, in this exclusive interview with Il Bioeconomista, is Mike Hamilton, Ceo of Renmatix, a company based in Philadelphia (Pennsylvania, US), which is the leading technology licensor for the conversion of biomass into cellulosic sugar, an enabling feedstock for petroleum alternatives used in the global biochemical and biofuels markets. The company’s proprietary Plantrose process challenges conventional sugar economics by cheaply converting cellulosic biomass – from wood waste to agricultural residue – into useful, cost-effective sugars. With Hamilton we talk about Renmatix, Plantrose technology and bioeconomy.
Interview by Mario Bonaccorso
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.