Verdezyne to Build its 1st Biobased DDDA Manufacturing Plant in Malaysia
CARLSBAD, Calif. & KUALA LUMPUR, Malaysia -- Verdezyne, Inc., a privately-held industrial biotechnology company focused on producing renewable chemicals, has reached an agreement with Bio-XCell Malaysia to construct Verdezyne’s first commercial-scale renewable chemicals manufacturing facility in Bio-XCell’s premier biotechnology and ecosystem park in Nusajaya, Iskandar, in southern Malaysia. With construction scheduled to commence in 2015, the plant will be capable of producing approximately 30 million pounds per year of diacids, including dodecanedioic acid (DDDA) and will be the world’s first bio-based plant for the production of DDDA. The exchange of agreement ceremony took place during the official opening ceremony of “BioMalaysia: Bioeconomy Asia Pacific 2014 Conference & Exhibition,” and was attended by Malaysian Prime Minister Najib Razak. “This agreement is part of our comprehensive strategy of expansion into Asia, and represents a huge step toward our goal of replacing petroleum-derived chemicals with renewable drop-in replacements,” commented E. William Radany, Ph.D., President and CEO of Verdezyne. “We are thrilled, and are eagerly anticipating breaking ground in the near future on this major new manufacturing plant for the production of renewable diacids.” The multi-faceted agreement includes: - Leasing a 6.9-acre site owned by Bio-XCell in Malaysia’s premier biotechnology park located in Nusajaya, Iskandar, Malaysia, 30 minutes’ north of Singapore. The 13-year, renewable lease provides for expansion options on other adjacent lots, and all major utilities will be supplied by Bio-XCell. - A loan of approximately $75 Million (approximately RM 250 Million) from Bio-XCell.
相关阅读
本站所有信息与内容,版权归原作者所有。网站中部分新闻、文章来源于网络或会员供稿,如读者对作品版权有疑议,请及时与我们联系,电话:025-85303363 QQ:2402955403。文章仅代表作者本人的观点,与本网站立场无关。转载本站的内容,请务必注明"来源:林中祥胶粘剂技术信息网(www.adhesive-lin.com)".
网友评论