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UPM and Renmatix sign biochemicals development agreement

7:20 AM MDT | June 11, 2013 | Natasha Alperowicz

UPM (Helsinki) and cellulosic sugar start-up Renmatix (King of Prussia, PA) have entered into a nonexclusive joint development agreement in the area of biochemicals, the companies announced today. Under the terms of the deal, both companies will further develop Renmatix’s water-based Plantrose process to convert wood biomass into low-cost sugar intermediates for subsequent processing into biochemicals. The long-term goal of the initiative is to offer cost-competitive bioalternatives for selected petrochemicals on an industrial scale. The Plantrose process...

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