A partnership between Virent and Renmatix was announced at the ICIS Innovation Awards in London, in which the two companies said they will collaborate to repurpose cellulosic sugars into renewable bio-based packaging materials and chemicals.
The partnership hopes to eventually provide large-scale production of bio-based paraxylene, a basic raw material used in the production of plastic bottles. Paraxylene will be produced though Virent’s bioforming process.
Mike Hamilton, CEO of Renmatix, said the partnership between the two companies comes as a result of high demand for renewable products. “Products derived from renewable resources are in great demand and that demand is driving significant change across conventional value chains.”
“This recognition from ICIS reinforces that sustainable technologies, which were once the seed of a meaningful shift have grown to become an industry mandate,” he said.
The partnership announcement comes on the heels of Virent’s ICIS award for ‘Best Innovation for Sustainability’ for their BioFormPX product, made from bio-based paraxylene. The company’s cooperation with Renmatix, who turns biomass from feedstock into cellulostic sugar, should streamline production with a readily available and renewable building block.
Virent CEO Lee Edwards said the two companies will work together to speed up packaging processing, and do it at a lower cost.
“Together we aim to accelerate delivery of commercial volumes of renewable chemicals by integrating our world class technologies to achieve lower costs and higher efficiency from sustainable biomass based feedstocks,” he said.
Source: http://goo.gl/sE671R
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