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Business

Verdezyne Slates Malay Diacids Plant

by Michael McCoy
November 24, 2014 | APPEARED IN VOLUME 92, ISSUE 47

The biobased chemicals developer Verdezyne has reached an agreement with Bio-XCell Malaysia, a biotech industrial park, to build what it says will be the world’s first plant to produce biobased dodecanedioic acid (DDDA) and other diacids. To be built with a $75 million loan from Bio-XCell, the plant is set to have annual diacids capacity of 30 million lb. DDDA is used to manufacture specialty nylons. Verdezyne says its yeast fermentation process can convert nonfood, plant-based feedstocks into diacids at lower cost than traditional petrochemical routes.

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