DSM teams with Chinese firm on biopolymer plant

摘要

Royal DSM N.V. said March 5 it has participated in a US 20 million financing round in Chinese biopolymer maker Tianjin Green Bio-Science Co. Ltd. (China), to build what will be the country's largest plant for polyhydroxyalkanoates. The plant is expected to open in early 2009, with annual production capacity of 10,000 metric tons. DSM, based in Heerlen, The Netherlands, did not disclose how much it invested in the financing round, but said the two companies would also work together to develop new businesses in bio-based materials. DSM said it sees opportunities to marry its background in both new materials and biotechnology to push PHA in China.