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DSM Invests in Bio-materials in China

8:45 AM MST | March 5, 2008 |

Alex Scott

DSM Venturing, DSM’s venture capital business, says it has participated in a $20 million financing round in Tianjin Green Bio-Science (Tianjin, China). DSM has not disclosed its share of the investment in the company. The proceeds will be used to build China's largest manufacturing plant for the biopolymer Polyhydroxyalkanoates (PHA) in the Tianjin Economic Development Area (TEDA). The plant's construction is due to begin in the second quarter of the year and is scheduled to start up in early 2009. It will have a capacity of 10,000 m.t./year of PHA. PHA may...

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