UPM-Kymmene Corporation Signs Joint Development Agreement With Renmatix In Biochemicals

Tuesday, 11 Jun 2013 01:00am EDT 

UPM-Kymmene Corporation and Renmatix Inc. announced that they have entered into a non-exclusive joint development agreement (JDA) in the area of biochemicals. Under terms of the JDA both companies will further develop Renmatix's water-based Plantrose process to convert woody biomass into low-cost sugar intermediates for subsequent downstream processing into biochemicals. Offering cost-competitive bio-alternatives for select petrochemicals on an industrial scale is the long term goal of this initiative. 

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