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Exclusive Agreement with Largest Marketer and Distributor of Specialty Chemicals in Asia-Pacific to Power Regional Sales of Verdezyne's BIOLON(TM) DDDA
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CARLSBAD & SAN FRANCISCO, Ca., Mar 9, 2016 - (ACN Newswire) - Verdezyne, Inc., a synthetic biology company producing biobased chemicals, and Connell Bros. Co. LLC (CBC), the largest marketer and distributor of specialty chemicals in the Asia-Pacific region, announced an agreement for sales and distribution of Verdezyne's BIOLON(TM) DDDA (biobased dodecanedioic acid or "DC12").
BIOLON(TM) DDDA will be produced at Verdezyne's commercial-scale plant in Malaysia and will be distributed in 17 countries throughout Asia-Pacific, including China, Japan and South Korea. The agreement assures CBC of access to more than 10% of the expected plant capacity.
Verdezyne's BIOLON(TM) DDDA is produced more sustainably than traditional petroleum-derived intermediate chemicals and will be used to make a variety of end-user products including automotive parts, toothbrush bristles, cosmetics, and fragrances.
"This agreement with CBC reflects the strong interest in high quality renewable chemicals such as our BIOLON(TM) DDDA," said E. William Radany, Ph.D., president and CEO of Verdezyne. "As one of the largest and most respected distributors of specialty chemicals in the Asia-Pacific region, CBC is a strong partner for us. We are sure this agreement marks the beginning of a long and mutually-beneficial relationship."
Verdezyne's plant, expected to be completed in 2017, is anticipated to have the capacity to produce up to 9,000 metric tons of diacids including BIOLON(TM) DDDA annually.
"Verdezyne presented us with a very strong value proposition," commented Scott Graddy, vice president, CBC. "We anticipate a strong demand for BIOLON(TM) DDDA from our customers in Asia-Pacific. We are very pleased to have reached this agreement with Verdezyne and we look forward to distributing BIOLON(TM) DDDA throughout the region."
For samples, orders or more information about Verdezyne's BIOLON(TM) DDDA, please contact:
- Asia: ddda@wecocbc.com
- Worldwide: sales@verdezyne.com
About Verdezyne
Verdezyne is a synthetic biology company offering biobased chemicals developed using proprietary metabolic pathway engineering tools. The company's first product, BIOLON(TM) DDDA, earned the USDA Certified Biobased Product label, and is available worldwide. Current investors in Verdezyne include BP Ventures, DSM Venturing B.V., OVP Venture Partners, Monitor Ventures, and Sime Darby. For more information, visit www.verdezyne.com or connect with the company on Twitter, LinkedIn or Facebook.
Contact:
Verdezyne Media Contacts:
Aida Yodites
Corporate Comms, Verdezyne, Inc.
+1-760-707-5200
ayodites@verdezyne.com
Bill Douglass
Sparkpr
+1-646-504-0890
bdouglass@sparkpr.com
Connell Bros Co Media Contact:
Mandy Weih
Marcomms, CBC Hong Kong
+852-2969-2730
mandy.weih@wecocbc.com
Topic: Licensing Agreement
Source: Connell Brothers Company
Sectors: Chemicals, Spec.Chem, Science & Nanotech, Food & Beverage, BioTech, BioTech, Speciality Chemicals
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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