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Business

Genomatica Takes Its 1,4-butanediol to Asia

by Melody M. Bomgardner
March 5, 2012 | APPEARED IN VOLUME 90, ISSUE 10

Mitsubishi Chemical and Genomatica are planning a joint operation in Asia that will produce 1,4-butanediol (BDO) from sugar using Genomatica’s process technology. Mitsubishi has paid Genomatica $3.5 million up front while the companies work toward completing a definitive agreement. Mitsubishi made an equity investment in Genomatica in December 2010, which was followed four months later by a memorandum of understanding for an Asian facility. Mitsubishi is a major producer of BDO and derivatives including polybutylene terephthalate and polytetramethylene ether glycol.

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