People & Business :: Emerging Companies
ADM invests in biobased nylon start-up
2:34 PM MST | February 11, 2014 | Rebecca Coons
Archer Daniels Midland (ADM) says it has made a $25-million equity investment in Rennovia (Menlo Park, CA), a start-up developing catalytic processes for producing chemicals from renewable feedstocks. ADM says the technologies being developed by Rennovia—whose targets include nylon intermediates adipic acid and hexamethylenediamine (HMD)—coupled with ADM’s manufacturing strengths will help deliver competitive products that complement its existing portfolio of renewable chemicals. The ag giant currently operates a 100,000-m.t./year biobased...
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