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Myriant and Sojitz Form Partnership for Biobased Succinic Acid

12:16 AM MST | November 9, 2011 | Deepti Ramesh

Myriant (Quincy, MA) and Sojitz (Tokyo) say they have signed an agreement for the creation of a sales and marketing partnership to distribute biobased succinic acid in China, Japan, Korea and Taiwan. The combination of Sojitz’s sales and marketing as well as Sojitz’s intent to expand Myriant’s production capacity were the twin catalysts for this agreement, says Stephen J. Gatto, chairman and CEO of Myriant. “Our plan is to set up a commercial biobased derivatives plant that we expect will come online in 2015, which will consume 150 million...

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