News

Reverdia and Helm join forces
Enlarge image

BusinessNetherlandsFranceGermany

Reverdia and Helm join forces

18.10.2012 - Reverdia and Helm have partnered to market the bioplastics compound succinic acid on industrial scale.

Reverdia, the joint venture from Dutch DSM and French Roquette, has joined forces with Hamburg-based Helm AG for production and marketing in the highly competitive European market for bio-based succinic acid. The chemical building block for bioplastics, organic solvents and elastic fibres, is predicted to reach sales of 4-7bn annually in the mid-term.

„Reverdia’s Biosuccinium does not only offer an alternative to petrochemical succinic acid, but also for other fossil-based acids like adipic acid, so the market potential is huge”, stressed Christina Wienholz, Senior Executive Manager at Helm, who will take the part of marketing. “Our partnership with Helm will deliver expanded market development capacity for Reverdia in Europe“, said Reverdia chief Jo Kockelkoren, whose company has set up a plant-derived sugar fermentation process in yeast. His company aims at becoming the first company in the world to produce succinic acid on commercially large scale. Reverdia plans to complete a production plant with an annual capacity of 10,000 metric tons in Cassano Spinola, Italy, at the end of this year.

The move came just a week after German chemical major BASF and its Dutch partner Purac N.V. announced a joint-venture named Succinity to produce and market succinic acid. The companies want to start production after reconstruction of a 10,000 ton plant near Barcelona is finished in late 2013. US firm Myriant Inc. has also announced completion of construction of a 13,000 ton bio-succinic acid production plant in Quincy, Massachusetts, for the end of 2012. Bioamber Inc. is already marketing the bio-based compound since 2011, which is produced from E. coli in its Pomacle plant (France) that has an annual capacity of 2,000 metric tons. Succinity, however, may have a competitive edge because its process can also use glycerol, a byproduct of biodiesel production, as a feedstock.

According to the companies, biosuccinic acid could be used to produce coolants, surfactants, adhesives, corrosion inhibitors, lubricants, photo development fluids, herbicides, soldering pastes, runway deicers, polyurethanes, coating resins, phthalate-free plasticizers, polybutylene succinate (PBS) and many others.

© eurobiotechnews.eu/tg

http://www.european-biotechnology-news.com/news/news/2012-04/reverdia-and-helm-join-forces.html

Industry reportGermany

27.04.2016 More revenue, more jobs, more financing, more R&D expenditure – all signs point towards sustainable growth in the German biotech sector. These are the results of the most recent company survey 2016, published by biotechnologie.de. The report was once again conducted alongside the biotech standards defined by the organisation for economic cooperation and development (OECD).

Clinical ResearchFrancePortugal

21.04.2016 An expert panel’s final report on the fatal drug trial earlier this year in France states that the death of one of the participants was most likely caused by the drug’s toxicity and not by any violation of the rules.

Immuno-oncologyNetherlandsBelgium

21.04.2016 For up to US$685m (€606m), Dutch ArgenX has outlicensed its human antibody programme ARGX-115 to AbbVie. The pre-clinical immuno-oncology candidate targets a protein believed to contribute to immunosuppressive effects of T-cells.

RegulatorySwitzerlandEU

20.04.2016 The US government is forking out up to US$100m to get Basilea Pharmaceutica’s broad-spectrum antibiotic ceftobiprole on the US market. In the EU, ceftobiprole is already available.

Immuno-oncologyUK

19.04.2016 British drug developer Heptares Therapeutics and mAb maker Kymab Ltd have partnered up in yet another immuno-oncology collaboration. The companies plan to discover antibody meds targeting a superfamily of receptors.

FinancingSwitzerlandFranceEUGermanyDenmark

15.04.2016 Not every company is put off by the current stock market climate. Swiss biopharma company GeNeuro has gone public at Euronext Paris, raising €33m in the process. Others, meanwhile, have to find different ways to raise money.

Event ReviewSwitzerlandBelgiumEU

13.04.2016 Despite political disturbances, 2015 was a good year for the biotech scene in Switzerland. Net sales increased by 5.1% to CHF5,133m and 400 additional people found jobs in the sector. As usual, the new numbers were presented at the annual Swiss Biotech Day – which set new records as well.

FinancingGermanyNetherlandsEU

12.04.2016 German-Dutch life science investment specialist Forbion Capital Partners has raised more than €180m for its venture capital fund Forbion Capital Fund III. Once more the money will primarily go to European start-ups.

Event ReviewGermanyEU

08.04.2016 Do you win by being innovative?, was the question asked at this year’s DIA Euromeeting in Hamburg. In a relaxed and cooperative atmosphere, regulators, physicians and patients had ample opportunity to interact with the healthcare industry.

M&AIrelandEU

07.04.2016 Pfizer and Allergan have called off their merger, cancelling plans to relocate the US pharma giant to Ireland to avoid US taxation. The US government has put a spoke in Pfizer’s wheels - an unfair move, Allergan says.

Quick news provided by GlobeNewswire

View more stock news

Events

All Events

Partner-Events

München

BioVaria 2016

Berlin (GER)

XIV. BIONNALE 2016

Current issue

All issues

Product of the week

Products

Stock list

All quotes

TOP

  • BIOTIE THERAPEUTICS (FI)0.27 EUR92.86%
  • PLETHORA (UK)3.38 GBP12.67%
  • FORMYCON (D)24.56 EUR5.59%

FLOP

  • SERODUS (N)1.46 NOK-14.12%
  • PHOTOCURE (N)39.50 NOK-7.49%
  • BIONOR PHARMA (N)0.79 NOK-7.06%

TOP

  • AB SCIENCE (F)18.84 EUR71.3%
  • SYNAIRGEN (UK)35.75 GBP45.9%
  • BIOFRONTERA (D)3.17 EUR36.1%

FLOP

  • SERODUS (N)1.46 NOK-28.8%
  • THERAMETRICS (CH)0.03 CHF-25.0%
  • OREXO (S)50.00 SEK-19.4%

TOP

  • CHRONTECH PHARMA (S)0.34 SEK3300.0%
  • KARO BIO (S)31.20 SEK2022.4%
  • NICOX (F)8.55 EUR352.4%

FLOP

  • NEUROVIVE PHARMACEUTICAL AB (S)6.10 SEK-88.0%
  • BB BIOTECH (D)46.44 EUR-82.3%
  • BIOTEST (D)16.69 EUR-76.5%

No liability assumed, Date: 30.04.2016