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(PlastEurope) -- US biochemical
producer Myriant Corp (Quincy, Massachusetts) and Japan’s Sojitz Corp (Tokyo)
have agreed a sales and marketing partnership for the distribution of biobased
succinic acid in Japan, China, South Korea and Taiwan. The biobased succinic
acid will be used in applications such as plasticizers, polymers, urethanes and
solvents. Sojitz also announced plans to build a commercial biobased derivatives
plant, which is scheduled to come online in 2015.
The companies said the distribution agreement combines Myriant’s biobased
succinic acid manufacturing strengths with Sojitz’s strong market presence.
Sojitz has more than 25 sales offices throughout Asia. “The combination of
Sojitz’s sales and marketing as well as their intent to expand our production
capacity were the twin catalysts for this agreement,” stated Stephen Gatto,
Myriant’s chairman and CEO.
Perspectives of development of polymer markets, pricing issues and other
important aspects will be discussed at The Polymers
Summit-2011, which will be held in Moscow on November 30, 2011 at the
Ritz Carlton Hotel. The Summit will be organized by MRC with the support of
ICIS. The main idea of the Summit is to find a "the golden mean" between
producers and converters. When producers receive exactly such margin of
production, which helps them to invest in production expansion in order to
substitute polymers imports, and the converters receive such price of feedstock
that helps them to compete imported finished products. The Summit site gives an
access to the live video of the Summit, speakers" presentations, as well as
opportunities to ask questions or make appointments to any Summit
partcipant.
mrcplast.com
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