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US Myriant and Japanís Sojitz agreed partnership for the distribution of biobased succinic acid

November 14/2011

(PlastEurope) -- US biochemical producer Myriant Corp (Quincy, Massachusetts) and Japanís 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 Myriantís biobased succinic acid manufacturing strengths with Sojitzís strong market presence. Sojitz has more than 25 sales offices throughout Asia. ďThe combination of Sojitzís sales and marketing as well as their intent to expand our production capacity were the twin catalysts for this agreement,Ē stated Stephen Gatto, Myriantís 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.

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