by Jim Lane (Biofuels Digest) In California, Renewable materials company Stora Enso and specialty chemicals company Rennovia Inc. have announced a joint development and license agreement to cooperate on bio-based chemicals development.
Under the terms of the agreement, the two companies will cooperate to develop processes for bio-based chemicals of interest to Stora Enso, employing Rennovia’s high-throughput catalyst discovery infrastructure and process development expertise. Rennovia focuses on the technology development of novel catalysts and processes for the cost advantaged production of chemicals from renewable feedstocks.
As Stora Enso is targeting new markets and developing novel products as it transforms into a renewable materials company, the agreement is a logical step for the company.
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The Digest’s Take
We’ve been waiting for Stora Enso to take a major step forward since the launch of their biorefinery in Finland and the deal to acquire Virdia as a cellulosic sugars technology.
At the same time, everyone’s been waiting for Rennovia to announce the next chapter in their evolutionm after signing and securing ADM as a major strategic partner. Here is a source of cellulosic sugars and a strategic with big ambitions in biobased materials. READ MORE