Our second manufacturing process is for butadiene. Butadiene is one of the seven basic chemicals at the core of the chemical industry and is a key chemical raw material used in the production of tires, engineering polymers and latex products. Global demand was forecast at over 20 billion pounds in 2011, or approximately $40 billion based on June 2011 prices.
In August 2011, we announced that we had successfully produced butadiene from renewable feedstocks in pound quantities.
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.
We believe Genomatica’s technology and process can offer a renewables-based option for the dedicated on-purpose production of this important supply-constrained chemical.
Genomatica has successfully produced pound quantities of bio-based butadiene,
made from renewable feedstocks.