DNP acquires Sinoven BiopolymersDNP acquires Sinoven Biopolymers
Sinoven Biopolymers (Philadelphia) and its proprietary technology for modifying polybutylene succinate (PBS) has been acquired by renewable chemical manufacturer DNP Green Technology (Princeton, NJ), in a bid by that company to "move down the value chain." Jean-Francois Huc, president of DNP Green Technology, said, "With the acquisition of Sinoven, DNP Green can now transform corn and other crops into a diverse range of renewable, biodegradable products, from coffee cup lids and disposable razors to automotive parts."
February 5, 2010
Sinoven, which has a sales office in Philadelphia and a manufacturing and formulation development facility in Shanghai, will also expand DNP's reach into China. Sinoven will also now have access to succinic acid and 1,4 butanediol produced by DNP Green; a supply arrangement it believes will drive down the cost of its modified PBS. DNP, which has offices in Princeton, NJ and Montreal, has formed a joint venture called Bioamber to scale up and commercialize its succinic acid technology. In December 2009, Sinoven and Bioamber signed a supply agreement for biobased succinic acid. The agreement called for Bioamber to be the exclusive supplier of biobased succinic acid for Sinoven. Bioamber's succinic acid is produced from wheat-derived glucose at a 2000-tonnes/yr facility in Pomacle, France.
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