USA: Catalysts Johnson Matthey and Rennovia Announce Licence Agreement with ADM
Johnson Matthey and Rennovia have signed a licence agreement with Archer Daniels Midland Company to provide catalyst and process technology for catalytic production of bio-based glucaric acid.
Santa Clara/USA — Rennovia is a privately held company that develops novel catalysts and processes for the cost advantaged production of chemical products from renewable feedstocks. The licensed process, jointly developed between Johnson Matthey and Rennovia, combines catalytic process technology with the use of renewable feed stocks to produce bio-based glucaric acid.
Glucaric acid is an emerging platform chemical which has a wide range of applications in detergents and cleaners, concrete formulations, de-icing and anti-corrosion markets.
David Prest, Director of Business Development for Johnson Matthey's Process Technologies Division said: "We are proud to announce the licensing of this new and innovative technology to ADM, and we are excited about the future of this technology, which draws upon the fundamental process and catalyst development expertise within Johnson Matthey. This achievement also demonstrates the value of a strong collaborative approach, working together with Rennovia to commercialise a process for bio-based chemicals."
"ADM continues to work toward commercialisation of glucaric acid as a higher value product within our portfolio of bio-based performance chemicals," said Kevin Moore, President of Renewable Chemicals for ADM. "We see a strong synergy in leveraging Rennovia's breakthrough catalyst technology along with the process scale-up capabilities of Johnson Matthey to shorten the time frame needed to bring this new product to market for our customers."