Our first manufacturing process is for the production of BDO. Our BDO process is now commercial. This process was used to produce 5 million pounds of BDO in late 2012, all sold and shipped; and has been licensed by BASF, the world’s #1 chemical producer and #1 BDO producer, as well as by Novamont in Italy. BDO made using our process has been tested successfully by multiple companies for their products. In April 2013, Toray was the first company to publicly confirm production of bio-based PBT and part samples from BDO made with our process.

We expect the first dedicated commercial-scale BDO plant that uses our process to produce approximately 40 million pounds of BDO per year in a plant in Europe that is owned and operated by one of our partners, Novamont. We are also targeting deployment of larger BDO plants (>100 million pounds per year) by partners licensing our process in the United States, Europe and Asia.

Our second manufacturing process is for the production of butadiene. In August 2011, we successfully produced bio-based butadiene, made from renewable feedstocks. In April 2013, Versalis and Genomatica signed an agreement to create a joint venture for bio-based butadiene. The two companies will work together to develop a complete ‘end-to-end’ process for the on-purpose production of butadiene from non-food biomass.

Genomatica is also developing a pipeline of sustainable processes to enable production of additional intermediate and basic chemicals that, like BDO and butadiene, have large established markets.

Genomatica’s BDO process was commercially proven in late 2012, with the production of 5 million pounds of BDO in just 5 weeks.