Green Chemistry Technip Takes VIMV's Green Chemistry to International Markets
Engineering company Technip has signed a cooperation agreement in the green chemistry business with the Compagnie Industrielle de la Matière Végétale (CIMV) to industrialize CIMV’s green chemistry processes.
Paris/France – Both companies look back on five years of co–operation as Technip has been providing CIMV with engineering and construction expertise during the scale up of it's revolutionary green chemistry process.
CIMV's technology is among the only ones in the market capable of converting solid biomass into hydrocarbons that can be used as a feedstock by the petrochemical industry. The CIMV technology can thus be seen as a key enabler for the sustainable green chemistry sector based on non-edible feedstock, Technip explains.
“Undeniable Growth Potential” in Green Chemistry
Now Technip established a sales force to promote the CIMV process outside France, along with its own bio–based technology portfolio: "We are delighted with this partnership with CIMV, which will enable us to take our development further in a market which has undeniable potential for growth and is of strategically importance for many of our clients. It will also allow us to better respond to future project bids for biorefineries across the world,” explains Stéphane His, Technip’s Vice President of Biofuels and Renewable Energies.
"This agreement will allow our start-up to launch its industrial program. With Technip’s support, CIMV is now able to offer a coherent and solid range of products and services to all industrial companies wanting to develop new bio-sourced applications and anticipate future regulations,” concludes Thiery Scholastique, Chairman of the Board of Directors with CIMV.