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French biobased chemicals developer Metabolic Explorer says an unnamed French financial partner will provide $24 million to build a facility that coproduces propanediol and butyric acid at the Carling Saint-Avold, France, site run by oil firm Total. Metabolic Explorer and the partner will form a joint venture to construct and operate the facility, which is expected to cost $46 million. The first phase of construction could start by the end of September for a plant that would ultimately make 20,000 metric tons of propanediol and 4,000 metric tons of butyric acid per year.
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