BASF and Renmatix agree on a joint development for the production of industrial sugars from biomass

摘要

BASF, Ludwigshafen, Germany, and American technology provider Renmatix Inc. of Philadelphia, Pennsylvania, will jointly scale up the Renmatix Plantrose process for the production of industrial sugars based on lignocellulosic biomass. T he 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.