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Business
P&G Divests Its PHA Biopolymer Technology
October 15, 2007
| A version of this story appeared in
Volume 85, Issue 42
Procter & Gamble has sold its polyhydroxyalkanoate (PHA) technology to Bainbridge, Ga.-based start-up Meredian. P&G says it has been seeking a company to commercialize its decade of research on the biobased and biodegradable polymer. Meredian plans to begin construction next year on a 30 million-lb-per-year PHA plant in the southeastern U.S. The company says it is affiliated with firms that make functionalized polylactic acid and have polycondensation technology. Ultimately, Meredian plans to make 600 million lb of biopolymers annually.
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