ZeaChem and P&G Sign Joint Development Deal

ZeaChem (Lakewood, CO), a biotech start-up, and Procter & Gamble, say they have agreed to jointly develop a technology platform for making “drop-in” biobased chemicals from renewable or recycled feedstock. ZeaChem says the deal will run for a number of years but has not provided further details. Financial details were not disclosed. ZeaChem already has developed a biotechnology process featuring an initial step to fractionate cellulosic biomass, followed by an acetogenic process to ferment both xylose (C5) and glucose (C6) into acetic acid...

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