Technip Energies Buys DSM’s Biosuccinium Technology
French engineering and technology company Technip Energies has boosted its sustainable chemicals portfolio with the purchase of DSM’s biosuccinium technology. Financial terms were not disclosed.
Technip said it will be the only technology licensed on the market for producing bio-based succinic acid, which is a feedstock for manufacturing polybutylene succinate (PBS), a sustainable packaging material for food contact applications.
“This addition to our growing sustainable chemicals portfolio will allow Technip Energies to license a solution for the production of a bio-sourced and biodegradable polymer, which has a 50% lower carbon footprint compared to fossil-based routes,” said Bhaskar Patel, senior vice president, sustainable fuels, chemicals and circularity at Technip Energies. “Superior product properties, combined with best-in-class sustainability performance, are key attributes in today’s consumer market. We shall leverage the whole PBS value chain, where we already license the technology for the polymerization of the bio-sourced monomers into PBS.”
The purchase includes a wide range of patent families and proprietary yeast strains, which Technip said have been demonstrated in large-scale production facilities.
DSM originally developed biosuccinium as part of Reverdia, a joint venture with Roquette that was dissolved on Apr. 1, 2019. DSM retained exclusive licensing rights to the technology.
Author: Elaine Burridge, Freelance Author
