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Chemical Week Magazine :: Business & Finance :: United States/Americas

UPM, Renmatix sign biochemicals development agreement

11:55 AM MDT | July 1, 2013 | —Rebecca Coons and Natasha Alperowicz

UPM (Helsinki) and cellulosic sugar start-up Renmatix (King of Prussia, PA) have entered into a nonexclusive joint development agreement to develop Renmatix’s water-based Plantrose process to convert wood biomass into low-cost sugar. The long-term goal of the initiative is to offer cost-competitive bioalternatives for targeted petrochemicals. “[The collaboration] combines UPM’s core competencies in sustainable sourcing and efficient industrial processing of wood with Renmatix’s unique conversion technology. Access to second-generation...

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