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

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

-- Renmatix's patented Plantrose™ technology enables production of industrial
sugars from non-edible, woody biomass

-- Industrial sugars are important bio-based precursors for a variety of
chemicals based on renewable feedstocks

PR Newswire

LUDWIGSHAFEN, Germany and PHILADELPHIA, Dec. 18, 2013

LUDWIGSHAFEN, Germany and PHILADELPHIA, Dec. 18, 2013 /PRNewswire/ -- 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. The 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.

The Plantrose technology developed by Renmatix enables industrial sugar to be
produced, at competitive costs, from a variety of non-edible biomass
(lignocellulose) sources. The proprietary process breaks down lignocellulosic
sources (e.g. wood, agricultural-residues or straw) into industrial sugars
using supercritical water (water at high temperature and pressure). Industrial
sugars are important building blocks for various basic chemicals and
intermediates that can be produced, for example, by fermentative processes.
The availability of these industrial sugars in sufficient quantities and at
competitive cost is important to enable bothenvironmentally-friendly and
cost-competitive bio-based products. Incorporating biomass feedstocks as a
first step in the value chain, creates a raw material change that can reduce
reliance on fossil raw material sources like naphtha as principal feedstock.

Projects relating to the topic of raw material change make up one important
technology field in BASF's Research Verbund. BASF experts are engaged in
identifying interesting processes for utilizing alternative raw materials,
such as renewables, natural gas, and CO[2].

"Raw material change will only be possible via process innovations that allow
the utilization of alternative sources of raw materials," said Dr. Peter
Schuhmacher, President of BASF's competence center Process Research and
Chemical Engineering. "It requires processes like Plantrose, which will be
further developed in a joint effort, that enable the use of non-edible biomass
as a chemical feedstock and which do not compete with food or feed production.
The Plantrose process addresses our needs for renewable raw materials. It will
help us to support our customers in developing solutions that contribute to
sustainable development."

"Over the past two years, BASF has made significant investments of time and
capital to support our efforts at Renmatix," said Mike Hamilton, CEO of
Renmatix. "At Renmatix we are focused on supporting the emerging biochemical
market by enabling progressive leaders to scale up Plantrose capacity to
increase the global chemical industry's access to cost-effective industrial
sugars."

About Renmatix

Renmatix is the leading technology licensor for the conversion of biomass into
cellulosic sugar, an enabling feedstock for petroleum alternatives used in the
global biochemical and biofuels markets. The company's proprietary Plantrose™
process challenges conventional sugar economics by cheaply converting
cellulosic biomass – from wood waste to agricultural residue – into useful,
cost-effective sugars. Renmatix's supercritical hydrolysis technology
deconstructs non-food biomass an order of magnitude faster than other
processes and enhances its cost advantage by using no significant consumables.
Renmatix is privately held, with operations in Georgia currently capable of
converting three dry tons of cellulosic biomass to Plantro^® sugar per day,
and a world-class technical center in Pennsylvania. For more information,
visit www.renmatix.com.

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.

Contact:
                                         Renmatix

                                         Duncan Cross
BASF
                                         Director of Marketing
Corporate Media
Relations Phone: +484 751 4006

Holger Kapp               duncan.cross@renmatix.com

Phone: +49 621                           
60-41040
                                         Media Relations:
holger.kapp@basf.com
                                         Caroline Venza

                                         MissionCTRL

                                         Phone: +415 601 9645

                                         caroline@missionCTRLcommunications.com

SOURCE BASF; Renmatix

Website: http://www.renmatix.com
Website: http://www.basf.com
 
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