Breaking News

Tweet TWEET

BASF Plans Production of Butanediol From Renewable Feedstock Using Genomatica Technology

BASF Plans Production of Butanediol From Renewable Feedstock Using Genomatica
Technology

  *Licensing the patented production process from Genomatica
  *Targeting large scale commercial production of renewable butanediol
  *Further enhancing BASF's portfolio with a renewable-based product

LUDWIGSHAFEN, Germany and SAN DIEGO, May 10, 2013 (GLOBE NEWSWIRE) -- BASF
plans to begin production of 1,4-butanediol based on renewable feedstock
(renewable BDO) using the patented process of Genomatica, San Diego,
California. The one-step fermentation process is based on sugars as a
renewable feedstock. The companies have agreed not to disclose financial
details of the agreement.

BASF Logo

The license agreement allows BASF to build a world-scale production facility
that will use the Genomatica process to manufacture BDO based on renewable
feedstock. Under the terms of the agreement, Genomatica will continue to
advance its patented renewable BDO production process technology based on
sugars while BASF will produce renewable BDO, which will be available in the
second half of 2013 for sampling and trials.

"We chose the Genomatica process because we consider it to be exceptionally
advanced and reliable," said Sanjeev Gandhi, President of BASF Intermediates
division, and added: "In line with our 'We create chemistry' strategy, we aim
to offer renewable BDO and create additional value for our customers, in the
plastics, textile and automotive industries."

"We are pleased to cooperate with BASF, the leading global BDO manufacturer
with a worldwide manufacturing and sales network and many years of market
experience," said Christophe Schilling, Chief Executive Officer of Genomatica,
and continued: "This agreement highlights Genomatica's commitment to
delivering innovative process technologies to the global chemical industry."

BDO and its derivatives are widely used for producing plastics, solvents,
electronic chemicals and elastic fibers. The starting materials for the
production of conventional BDO are natural gas, butane, butadiene and
propylene. BASF currently produces BDO and BDO-equivalents at its sites in
Ludwigshafen, Germany; Geismar, Louisiana; Chiba, Japan; Kuantan, Malaysia;
and Caojing, China, and has an annual capacity of 535,000 metric tons. BASF
has recently announced the intention of building a BDO complex in China with a
capacity of 100,000 annual metric tons.

About Genomatica

Genomatica is a technology leader for the chemical industry. It delivers new
manufacturing processes that enable its partners to produce intermediate and
basic chemicals from renewable feedstocks. These chemicals serve as the basis
for making substantially all of the products that make modern life possible.
Genomatica is developing a pipeline of manufacturing processes for the
production of these chemicals, including BDO and butadiene, as well as other
targets.

About BASF

BASF is the world's leading chemical company: The Chemical Company. Its
portfolio ranges from chemicals, plastics, performance products and crop
protection products to oil and gas. We combine economic success with
environmental protection and social responsibility. Through science and
innovation, we enable our customers in nearly every industry to meet the
current and future needs of society. Our products and solutions contribute to
conserving resources, ensuring nutrition and improving quality of life. We
have summed up this contribution in our corporate purpose: We create chemistry
for a sustainable future. BASF had sales of €72.1 billion in 2012 and more
than 110,000 employees as of the end of the year. BASF shares are traded on
the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further
information on BASF is available on the Internet at www.basf.com.

About BASF Intermediates

The BASF Group's Intermediates division develops, produces and markets a
comprehensive portfolio of more than 600 intermediates around the world. The
most important of the division's product groups include amines, diols,
polyalcohols, acids and specialties. Among other applications, intermediates
are used as starting materials for coatings, plastics, pharmaceuticals,
textile fibers, detergents and crop protectants. Innovative intermediates from
BASF help to improve the properties of final products and the efficiency of
production processes. The ISO 9001 certified Intermediates division operates
plants at production sites in Europe, Asia, and the Americas. Around the globe
the division generated sales to third parties of about €2.9 billion in 2012.
For more information, go to www.intermediates.basf.com.

CONTACT: For BASF Trade Media:
         Klaus-Peter Rieser,
         Communications Intermediates Division BASF SE
         klaus-peter.rieser@basf.com
         Phone: +49 621 60 9 51 38
        
         For Genomatica:
         Rob Adler
         radler@pr-vantage.com
         Phone: 415.984.1970 x0104

Genomatica Logo
 
Press spacebar to pause and continue. Press esc to stop.