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DSM in $250m cellulosic ethanol joint venture

25.01.2012

Amsterdam – Two elephants in the biofuels business join forces. Dutch food and chemicals group Royal DSM and POET, LLC, a US-based ethanol producer, announced a plan to build a commercial cellulosic ethanol plant. POET–DSM Advanced Biofuels, LLC, is scheduled to start production in the second half of 2013. DSM's CEO Feike Sijbesma speaks of a "milestone" for the company. "Together we shall deliver the key to unlock the cellulosic bio-ethanol opportunity." Maize crop residue such as husks and stalks will be processed by enzymatic hydrolysis followed by fermentation. DSM and POET will each hold a 50% share in the joint venture, which will be headquartered in Sioux Falls, South Dakota. The two partners estimate that it will cost US-$250m to build the plant with a capacity of 20m gallons in the first year, rising to about 25m thereafter. Money should come out as well, with profitability expected from the first full year of production. The joint venture POET-DSM Advanced Biofuels, LLC, wants to license the technology to the other 26 maize ethanol facilities managed by POET and to other producers in the United States and the rest of the world.

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London – The European Medicines Agency (EMA) calls it “the biggest change to the legal framework since the establishment of the Agency in 1995.” This year, the EU drug regulators are preparing new so-called pharmacovigilance...

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Norway’s Algeta ASA (Oslo) has updated its Phase III survival analysis of Alpharadin in patients with castration-resistant prostate cancer and bone metastases. The analysis showed an increase of 3.6 months in median overall...

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The US Food and Drug Administration (FDA) has granted a Biologics License Application (BLA) to the HER2 dimerisation inhibitor pertuzumab developed by Roche (Basel) for previously untreated HER2­-positive metastatic breast...

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Brussels – In February, I heard of a slightly mad and very worrying trend in decisions handed down by the Court of Justice of the European Union (CJEU) with regard to IP issues handed up from the national level for clarification....

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