The collaboration is set to accelerate Verdezyne’s process to full-fledged commercialization following the success from its pilot plant that was established in November 2011.
Verdezyne is a leading biochemical producer that successfully created the first renewable nylon fiber and amongst the first to demonstrate the production of diacids with a variety of vegetable oil-derived feedstocks. Verdezyne’s proprietary yeast fermentation technology produces a variety of bio-based chemicals such as Dodecanedioic Acid (DDDA),Sebacic Acid and Adipic Acid used in nylons and plastics (polyester and polyurethane)
Verdezyne has entered into multiple discussions with Malaysia’s palm oil producers; its presence in Malaysia will create cascading opportunities for its potential partners who are planning to venture into the downstream production in the palm oil industry.
“We are taking a very bold move in entering uncharted territories,” said Dr. William Radany, Verdezyme CEO. “Nevertheless, Malaysia’s position as one of the largest palm oil producers and its strong drive in the development of the biochemical sector has made it an interesting location to catapult into the world’s largest chemical market, Asia.”
“BiotechCorp is committed to ensure further assistance to Verdezyne to recognize the full potential and favorable position of Malaysia’s ecosystem for the Biochemical sector,” said Chief Executive Officer of BiotechCorp, Dato’ Dr. Mohd Nazlee Kamal. “By positioning Verdezyne in Malaysia’s Bioeconomy Transformation Programme; I firmly believe that further value add could be created for the palm oil sector.”