Dow Chemical, OPX Bio ink bioacrylic deal
In Colorado, Dow Chemical and OPX Biotechnologies announced that they are collaborating to develop an industrial scale process for the production of bio-based acrylic acid from renewable feedstocks.
Dow and OPXBIO recently signed a joint development agreement to prove the technical and economic viability of an industrial-scale process to produce acrylic acid using a fermentable sugar (such as corn and/or cane sugar) feedstock with equal performance qualities as petroleum-based acrylic acid, creating a direct replacement option for the market. If collaborative research is successful, the companies will discuss commercialization opportunities that could bring bio-based acrylic acid to market in three to five years.
The global petroleum-based acrylic acid market is $8 billion and growing 3 to 4 percent per year. Acrylic acid is a key chemical building block used in a wide range of consumer goods including paints, adhesives, diapers and detergents.
Category: Fuels
